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

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

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

BMW teases a speaking automobile that shifts colours like a chameleon

LAS VEGAS, Jan 5 (Reuters) – BMW AG (BMWG.DE) has unveiled a prototype for a automobile that talks like a human being, modifications colours to swimsuit the motive force’s temper and has no screens on its dashboard. The German luxurious automaker’s BMW i Imaginative and prescient Dee, revealed at a splashy kickoff on Wednesday night … Read more

Electrical automobiles confront the leap to the mass market

DETROIT, Dec 15 (Reuters) – The previous 12 months was sobering for traders who poured cash into Tesla Inc (TSLA.O) and rival electrical automobile startups that hoped to emulate Tesla CEO Elon Musk’s success. As rates of interest rose and monetary markets gyrated, shares in lots of EV startups deflated. Rivian Automotive Inc (RIVN.O), which … Read more

Indian luxurious automotive supplier Landmark IPO oversubscribed by threefold shares on provide

BENGALURU, Dec 15 (Reuters) – Indian luxurious vehicles supplier Landmark Vehicles Ltd’s (LANM.NS) preliminary public providing, valued at 5.52 billion rupees ($66.71 million), was oversubscribed on Thursday, however analysts nonetheless stated demand was tepid. Traders bid for twenty-four.6 million shares by the ultimate day of bidding, 3.1 occasions the 8 million shares on provide, alternate … Read more

Unique: Zeekr, a premium Geely electrical automobile model, seeks over $1 billion in U.S. IPO – sources

HONG KONG, Dec 12 (Reuters) – Zeekr, one in every of Chinese language automaker Geely’s upmarket electrical automobile manufacturers, has confidentially filed for a U.S. preliminary public providing, aiming to boost greater than $1 billion, three sources with direct information of the matter advised Reuters. In what can be the primary main Chinese language float … Read more

Defying gloom, Ferrari sees robust demand for luxurious vehicles

Co lifts FY core revenue forecast to over 1.73 bln euros Sees margin on core revenue round 35% this 12 months Adjusted EBITDA rose 17% in Q3, above forecasts Shipments to China area rose 73% in July-Sept MILAN, Nov 2 (Reuters) – Ferrari (RACE.MI) stated it was assured about its prospects for this 12 months … Read more

Mercedes-Benz lifts revenue forecast as luxurious vehicles increase

Mercedes-Benz Group Q3 earnings up 83% to five.2 bln euros Carmaker raises forecast for vehicles and group full-year earnings Provide chain points hampered top-end and BEV manufacturing Withdrawing from Russian market – CFO BERLIN, Oct 26 (Reuters) – Mercedes-Benz (MBGn.DE) raised its full-year revenue forecast on Wednesday as robust demand for luxurious vehicles and price … Read more

Breakingviews: Zooming automobile gross sales will hit China’s progress restrict

HONG KONG, Oct 20 (Reuters Breakingviews) – Automakers are hitting China’s progress restrict. The business achieved 4 consecutive months of double-digit progress in September when deliveries reached 2.3 million, 33% greater than a yr earlier, per the China Affiliation of Auto Producers. However non permanent authorities incentives greased gross sales, which may pull ahead demand. … Read more