Automakers face a €95 fine for every vehicle registered if they miss the EU’s next CO2 reduction target in 2025.
Source: autonews.com
VW partner Umicore replaces CEO and will review EV battery business
Umicore, a major supplier to Volkswagen Group, replaced its CEO and will reassess spending plans for its battery materials business due to the industrywide slowdown in electric-vehicle demand. Bart Sap, the executive vice president for Umicore’s catalysis business, which makes key components for combustion-engine vehicles, takes over from Mathias Miedreich as CEO effective Thursday. Miedreich … [Read More...]
Turkey holds 'advanced' talks with BYD, Chery for EV plants
Turkey is in advanced negotiations with Chinese automakers BYD and Chery for factory investments in the country, a step that could help the companies boost sales to Europe. “We would like to complete the talks as soon as possible. We have come a long way with both of them,” Minister of Industry and Technology Fatih Kacir told Bloomberg in an interview in Ankara. Separate negotiations with SAIC, … [Read More...]
Fourth-Generation Bentley Continental GT to be revealed in June
By: HT Auto Desk | Updated on: 17 May 2024, 13:04 PM Share via: The new-generation Bentley Continental GT will be using the brand’s new Ultra Performance Hybrid powertrain packing a whopping 772 bhp and 1,000 Nm. Bentley first launched the Continental GT back in 2002. The new-generation Bentley Continental GT is due to arrive this year and the British marquee … [Read More...]
Tesla gets local council go-ahead for German factory expansion
The expansion is part of Tesla's plan to double the site's capacity to 100 gigawatt hours of battery production and 1 million cars per year. Source: autonews.com … [Read More...]
Ampere Magnus & Reo Li electric scooters get price cuts. Check revised prices
By: HT Auto Desk | Updated on: 17 May 2024, 12:03 PM Share via: The prices of the Magnus and Reo Li electric scooters have been dropped by almost ₹10,000. The Ampere Nexus gets 5 riding modes and a top speed of 93 kmph. It will take on the Ather Rizta, Ola S1 Air, TVS iQube and Bajaj Chetak Greaves Electric Mobility Private Limited (GEMPL), the e-mobility … [Read More...]
Honda to use F1-inspired tech to in its upcoming electric cars. Check details
By: HT Auto Desk | Updated on: 17 May 2024, 10:09 AM Share via: <!--Honda has promised seven new EVs by 2030. Each of these models would be developed from the ground up with a focus on a lighter weight and a more efficient drive.--> Honda has promised seven new EVs by 2030. Each of these models would be developed from the ground up with a focus on a lighter weight and a … [Read More...]
Elon Musk Shares That FSD Take Rate Is Much Higher Than 2%, As Was Reported Incorrectly
Follow us today... FSD Take Rate Much Higher Than 2% According to Electrek, the take rate for FSD after the 30-day free trial was a mere 2%. Electrek reported the following: Only 2% of Tesla Full Self-Driving trial users end up buying it, credit card data show. Electrek said it was according to the credit card data, but I couldn't find what credit card data … [Read More...]
Editorial: China EV tariffs help incumbent carmakers, UAW
The latest U.S. tariffs on China may score political points, but there are trade-offs. Source: autonews.com … [Read More...]
Logistics in focus at Automotive News Europe Congress
On June 11 and 12 in Frankfurt, the 2024 Automotive News Europe Congress will host a series of top-level presentations, speakers and panel discussions on the theme of Exploring Innovation in Automotive. Speakers will include experts and executives from Hyundai, Mercedes-Benz, Robert Bosch, Audi, Volvo, Toyota, Jeep and more. Join us in Frankfurt to be part of the discussion about key issues … [Read More...]
Suzuki Jimny 5-door Heritage Edition unveiled, only 500 units up for grabs
By: Paarth Khatri | Updated on: 17 May 2024, 09:23 AM Share via: Suzuki Jimny Heritage Edition will be sold only with a 5-speed manual gearbox. There would be no automatic transmission on offer. Suzuki has made cosmetic changes to the Heritage Edition of the Jimny 5-door. Suzuki has unveiled a new Heritage Edition of the Jimny in Australia and Suzuki will sell … [Read More...]