Unique: Volvo readies EV blitz in largest product revamp below Geely

Feb 2 (Reuters) – Volvo Automobiles is gearing up for an electrical blitz to transform all its mainstay fashions – three SUVs and two sedans – into electrical automobiles and to introduce a luxurious electrical van geared toward boosting gross sales in Asia, two folks with information of the plans stated. The Swedish carmaker, wholly … Read more

MoneyGram boss says no peak in sight for F1’s U.S. development

LONDON, Jan 31 (Reuters) – Components One’s surging recognition in the USA, turbocharged by hit Netflix docu-series ‘Drive to Survive’, has loads of gasoline left within the tank in response to MoneyGram chief govt Alex Holmes. The Dallas-based cash switch and funds firm will begin the 2023 season, which has three grands prix in the … Read more

BMW evaluates extra EVs for India amid rising demand

BENGALURU, Jan 31 (Reuters) – BMW (BMWG.DE) is evaluating the launch of extra battery electrical automobiles (EVs) in India, amid rising demand from luxurious automotive patrons, Vikram Pawah, nation president on the German carmaker, advised Reuters in an interview. “We’re going to have 25 electrified merchandise (globally) by the tip of 2023, of which half … Read more

Lexus chief to take over Toyota as founder’s grandson steps down

TOKYO, Jan 26 (Reuters) – Toyota’s chief government will step down as head of the corporate his grandfather based, the automaker mentioned on Thursday, handing over to the chief of its Lexus luxurious model because the Japanese large struggles to fulfill the shift to electrical automobiles. The 53-year-old chief branding officer and president of Toyota … Read more

FIA boss stunned by ‘opposed response’ to Andretti F1 plan

LONDON, Jan 8 (Reuters) – The pinnacle of Formulation One’s governing physique on Sunday strongly supported a proposed new Andretti Cadillac all-American workforce and stated he was stunned by “opposed response” to the plan. Mohammed Ben Sulayem’s feedback on Twitter hinted at a row brewing between the president of the Worldwide Car Federation (FIA) and … Read more

Tata considers India, Europe for EV cell manufacturing crops

GREATER NOIDA, India, Jan 12 (Reuters) – Tata group is contemplating organising crops in India and Europe to supply battery cells for electrical autos (EV), the chief monetary officer of its auto unit informed Reuters in an interview. With complete gross sales of fifty,000 electrical vehicles thus far, India’s Tata Motors dominates the nation’s EV … Read more

Rolls-Royce rides ongoing luxurious demand to gross sales document in 2022

LONDON, Jan 9 (Reuters) – Rolls-Royce on Monday reported document gross sales final yr regardless of a median price ticket of round $534,000 for its luxurious vehicles and a drop in Chinese language demand, with orders stretching into 2023. The British carmaker, which started as Rolls-Royce in Manchester, England practically 120 years in the past … Read more

Sony, Honda roll out prototype of ‘Afeela’ EV that makes use of Qualcomm tech

Jan 4 (Reuters) – Japan’s Sony (6758.T) on Wednesday unveiled a prototype of the brand new “Afeela” electrical autos it would construct along with Honda (7267.T), saying it will harness its huge leisure content material because it seems to be to grow to be a participant in next-generation automobiles. Sony gave a glimpse of the … Read more

Feminine followers will gasoline Components One in 2023

HONG KONG, Dec 23 (Reuters Breakingviews) – Liberty Media (FWONA.O) will discover new methods to shift Components One up a gear. If extra feminine followers tune in, they are going to assist Chief Government Stefano Domenicali gasoline income at his motor-racing division. Overlook Lewis Hamilton. In 2023, he’ll discover himself chasing a Louise Hamilton. The … Read more

Tesla shares tank after doubling U.S. reductions on key fashions

Dec 22 (Reuters) – Tesla Inc (TSLA.O) shares tanked on Thursday after the posh electrical automobile maker began providing $7,500 reductions on Mannequin 3 and Mannequin Y autos delivered in the US this month, fueling considerations the corporate is dealing with softening demand as economies gradual. On Dec. 1, Tesla began providing a $3,750 “credit … Read more