In a statement Renault said, it would sell a little over a third of its Korea unit to China’s Geely Automobile Holdings for around $200 million. The move is aimed at freeing up funds for Renault to invest in its electric business… Read More ›
combustion engine
VW focusing on producing profitable premium cars, change production strategy
In a statement Volkswagen’s Chief Financial Officer Arno Antlitz said, it stop producing a number of combustion engine models by the end of this decade, and sell fewer cars overall as it increases its focus on producing more profitable premium… Read More ›
Record sales of hybrid vehicles in US will deepen traction of pure EVs
According to data from the automotive industry, while increased consumer adoption of full-electric cars have grabbed headlines, sales of gasoline-electric hybrid have quietly achieved record sales in the United States in 2020. While US carmakers including Tesla Inc and Ford Motor… Read More ›
Britain’s Lotus car to be made in Geely’s new plant in China
Geely is aiming to emulate luxury carmakers whose SUVs have so far done well in the Chinese market. But given that China’s auto-market has shrunk for the first time in two decades as well as low sales in 2018, Geely’s… Read More ›
Continental AG aims to tap burgeoning autonomous self-driving vehicle markets, hires JPMorgan for potential break-up
Across the supply chain of the auto industry, investors are cheering firms who break away from the mold of the combustion engine centered model, which they see as a sunset industry, to that of new age self-driving, autonomous, automated vehicles…. Read More ›
Mercedes-Benz USA will only sell Smart cars in North America
Although the move has been portrayed as the latest sign of struggles for small cars in the United States, this positive could go a long way in weaning off our dependency on dirty polluting fossil fuels. In a significant development… Read More ›
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