The used cars with highest retail margin for dealers

Dealer Auction has charted the used vehicles that offer dealers the highest retail margin in the UK. Its monthly Retail Margin Monitor found that the used vehicles attracting the biggest retail margins on its platform in December 2021 were SUVs, making up six of the total top 10. The car that offered the highest retail… Continue reading The used cars with highest retail margin for dealers

Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia

Rivian Automotive, an electric vehicle company that had an initial public offering last month, said on Thursday that it planned to spend $5 billion to build its second factory, in Georgia. The announcement, which came on the same day that Rivian said it lost $1.2 billion in the three months ending in September, was the… Continue reading Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia

Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future

Renault, Nissan & Mitsubishi Motors announce common roadmapAlliance 2030: Best of 3 worlds for a new future The 2030 roadmap focuses on pure electric vehicles and connected mobility. Aims to enhance usage of common platforms to reach 80% in 2026. Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.… Continue reading Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future

Nissan Micra to get all-electric avatar globally

Nissan will replace the Micra hatchback with an all-new electric model internationally. While the Micra was discontinued from India a few years ago, a replacement was introduced overseas, which will now see a successor in the form of an all-new CMF-BEV platform-based model. The Micra replacement will be based on a new EV platform shared with Renault, as… Continue reading Nissan Micra to get all-electric avatar globally

@Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354

Renault, Nissan & Mitsubishi Motors announce common roadmapAlliance 2030: Best of 3 worlds for a new future The 2030 roadmap focuses on pure electric vehicles and connected mobility. Aims to enhance usage of common platforms to reach 80% in 2026. Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.… Continue reading @Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354

Carlos Ghosn Calls Nissan ‘Thugs,’ Says They’ll ‘Pay a High Price’ for His Downfall – The Drive

The ex-Nissan CEO sits down with The Drive to talk about what happened in Japan, his night in the box, and his life as an international fugitive. Getty Images Carlos Ghosn, holding his iPhone in one hand and a profound sense of righteous anger in the other, sat on a low couch in his well-appointed… Continue reading Carlos Ghosn Calls Nissan ‘Thugs,’ Says They’ll ‘Pay a High Price’ for His Downfall – The Drive

Switch Mobility closing in on $200 million fund raise, says Dheeraj Hinduja – Economic Times

Switch Mobility, the electric vehicle arm of India’s second-largest truck maker Ashok Leyland, is in the final stages of raising $200 million dollars at a valuation of over $1.4 to $1.8 billion to fund its capex plans. The deal announcement is expected within 8-12 weeks. Nearly 70 investors from the US, Europe and the Middle… Continue reading Switch Mobility closing in on $200 million fund raise, says Dheeraj Hinduja – Economic Times

Green Motion Signs New Franchise in Portugal

Richard Lowden, founder & CEO of Green Motion International, with Paulo Pereira, mobility manager, MCoutinho Group, poses together in celebration of the new partnership. Photo: Green Motion Car rental company Green Motion confirmed the sale of its Master Country Franchise for Portugal to the MCoutinho Group, which is one of Portugal’s largest automotive retailers representing 20 brands… Continue reading Green Motion Signs New Franchise in Portugal