Toyota Motor has showcased next-generation engines that can be used in cars as varied as hybrids and those running on biofuel, as it targets tougher emissions standards and doubles down on its strategy of selling more than just EVs. With peers Subaru and Mazda Motor, the world’s biggest automaker by volume displayed in-development 1.5 litre
Bolt,the global shared mobility business founded in 2013 and headquartered in Tallinn, has announced the successful closure of its inaugural €220 million syndicated revolving credit facility (RCF). The facility, initially met with robust demand, was substantially upsized during syndication and ultimately oversubscribed, underscoring the confidence of financial institutions in Bolt’s trajectory and financial strength. Provided
Auto safety regulators in the USA said recently that they have opened an investigation into whether Tesla’s recall of more than two million vehicles announced in December to install new autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after the agency identified concerns due to crash
Tesla shares surged 10% after the electric-car maker eased some worries about growth with a prediction that sales would rise this year and said it would roll out more affordable models in early 2025. The news cheered up investors who were bracing for the worst after a tumultuous week at Tesla that saw big layoffs,
UK’s Electric car sales will jump in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, but affordability and charging infrastructure will be key to future growth. Electric car sales will hit 17 million this year, compared to 14 million in 2023, with more than one in five cars
Honda Motor group supplier G-Tekt will partner with global steelmaking giant ArcelorMittal on a cheaper alternative to casting auto chassis parts that promises to reduce the cost of making electric vehicles, Nikkei has learned. G-Tekt will receive technology on license from Luxembourg-based ArcelorMittal that will be used to form EV body sections combining around five
South Korea has marked a major milestone within the electrical car (EV) sector as cumulative registrations surpassed 500,000 by the tip of 2023, with Hyundai’s Ioniq 5 leading the market. This achievement displays a strong 39.5% improve from the earlier year, highlighting the nation’s accelerating shift in direction of sustainable transportation. Surge in EV Recognition
If the past couple of years of entrepreneurship have been defined by one person, it’s Elon Musk. With a resume boasting the creation of transformative companies like PayPal, Tesla, and SpaceX, and also currently the boss of X (formerly Twitter), Elon Musk epitomises the quintessential business maverick, a trailblazer whose audacious vision and relentless drive
Micromobility operator Neuron Mobility has revealed the results of an extensive study into e-scooter use in New Zealand, covering perceptions on safety, economic impact and rider demographics. While 36% of trips have replaced a car journey in New Zealand, improving air quality and congestion, more than half (55%) of New Zealand riders are using e-scooters
BMW Group Middle East announces a significant leadership change effective from April 1, 2024. Karim-Christian Haririan will assume the role of Managing Director, succeeding Dr Hamid Haqparwar who departs the BMW Group after 18 years with the company and holding the position as Managing Director of BMW Group Middle East since 2018. Karim-Christian Haririan brings
