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

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

Romanian prosecutors take away luxurious automobiles seized in Andrew Tate case

VOLUNTARI, Romania, Jan 14 (Reuters) – Romanian authorities began on Saturday to remove luxurious automobiles seized as a part of felony inquiry into alleged human trafficking that led to the arrest of divisive web persona Andrew Tate. Romanian anti-organised crime prosecutors detained Tate, his brother Tristan and two Romanian feminine suspects on Dec. 29 on … 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