BP will invest $20 million in Israeli firm StoreDot, a developer of ultrafast charging for batteries, a technology that may be key for accelerating the adoption of electric vehicles. Daimler is also a StoreDot strategic partner.
BP agreed to invest $20 million in a developer of ultrafast charging for batteries, a technology the oil company believes is key for accelerating the adoption of EVs.
Ford has confirmed it is investing up to EUR200m and adding an additional 1,500 jobs to manufacture a second vehicle at its Craiova Assembly Plant, in Romania.
Potential buyers in the UK can now book test drives through Amazon thanks to a collaboration between Prime Now, the online retailer's ultra-fast delivery service and Volvo Car UK.
Consumer trust in self-driving cars has plummeted following high-profile roadway fatalities, with almost three-quarters of Americans now saying they are too afraid to ride in an autonomous vehicle.
BMW, Toyota and Ford are at odds with South Africa over its plans for them to more than double output and double their work forces in return for tax breaks.
China will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the United States recedes.
Volkswagen Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda brands.
HERE Technologies and a group of partner companies have formed an alliance for a global mapping system that HERE says will underpin the safe use of autonomous vehicles (AVs).
Aston Martin Holdings has stayed in the black and reported a 3% rise in first-quarter adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to GBP43.7m (US$58.6m), representing an EBITDA margin of 24% on revenues of GBP185.4m.
The UK company Pivot Power plans to develop a 2-gigawatt network of grid-scale batteries and rapid electric vehicle charging stations in Britain.
Volkswagen is in the midst of a recall campaign for all new Polos (ours come from South Africa) after discovering a problem with rear seat belt buckles.
News
22 May, 2018
Racier new Lexus NX 300h Sport unveiled, priced from £36,500 and due on sale next month
China will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the U.S. recedes, Bloomberg reported.
China will cut the import duty on passenger cars to 15 percent. The move will boost automakers that import high-end cars including BMW, Tesla, Porsche and Mercedes-Benz.
Volkswagen Group has officially opened a campus in Tel Aviv named Konnect to provide local partners and start-ups direct access to the group and its many brands. It will support business collaborations within the highly innovative tech scene in Israel as well as support in mentoring and consulting.
Thailand's new vehicle market continued to expand strongly in April, with sales rising by 25.2% to 79,206 units from 63,267 units in the same month of last year, according to data released by the Federation of Thai Industries (FTI).
New vehicle sales in Indonesia drifted lower in April, with deliveries to dealers declining by just under 14.1% to 102,256 units from 89,590 units in the same month of last year, according to data compiled by industry association Gaikindo.
BMW, Toyota and Ford are at odds with South Africa over its plans for them to more than double output and double their workforces in return for tax breaks. The automakers say the government's targets are too ambitious.
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