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2017 Lotus Exige Sport 380

Lotus launches Exige Sport 380

Lotus is in the best financial shape it’s been in perhaps in its entirety. CEO Jean-Marc Gales has revealed that the company has turned in its first operating profit in almost four decades, though he hasn’t revealed any figures just yet. Nevertheless, the company is keen to mark the... read more

November 24, 2016 by
 
Volkswagen plant

VW Group to reduce workforce by 30,000

Volkswagen on Friday announced plans to significantly reduce its workforce over the coming years as it deals with its costly diesel emissions scandal and push into electric... read more November 21, 2016 by


 
SolarCity roof tile-replacing solar panels

Shareholders approve Tesla’s acquisition of SolarCity

Shareholders have approved Tesla’s [NSDQ:TSLA] acquisition of solar installation company SolarCity, a deal that’s expected to be completed within days... read more November 18, 2016 by


 
Ron Dennis

In spat with shareholders, Ron Dennis loses head role at McLaren

The rumors that emerged in October suggesting Ron Dennis was about to leave McLaren after 36 years have proven true. The 69-year-old, Chairman, CEO and founder of the McLaren... read more November 15, 2016 by


 
Harman and Samsung

Samsung to buy Harman in $8B deal

Samsung is making a major push into the in-car electronics game with the acquisition of Harman [NYSE:HAR] in a deal worth $8 billion. The Korean electronics giant will pay... read more November 14, 2016 by


 
2017 Audi Allroad

VW admits Audi transmission distorts emissions during tests

On November 6, German media first reported that certain automatic transmissions used in gasoline- and diesel-powered Audi cars had software that could determine whether the... read more November 14, 2016 by


 
Tesla Gigafactory battery plant in Nevada

Tesla confirms European Gigafactory

Tesla [NSDQ:TSLA] CEO Elon Musk confirmed on Tuesday that the company’s next major plant, referred to as a Gigafactory, will be located in Europe. Musk made the... read more November 10, 2016 by


 
Tesla Model 3

Tesla buys German automation systems firm

Tesla [NSDQ:TSLA] on Tuesday announced it has entered an agreement to buy privately-owned Grohmann Engineering. Upon completion of the deal, estimated to be in early 2017... read more November 9, 2016 by


 
Jia Yueting

Faraday Future’s Chinese backer admits to cash crunch

Chinese tech giant LeEco, the backer of American electric car startup Faraday Future, is running low on cash, its CEO and founder Jia Yueting has revealed. In a letter to... read more November 8, 2016 by


 
2012 Toyota RAV4 EV launch at EVS-26, Los Angeles, April 2012

Report: Toyota to start volume production of EVs by 2020

After its success with hybrid technology, the logical assumption was that Toyota would jump in with both feet into development of pure electric cars. At first it seemed that... read more November 8, 2016 by


 
Apollo Arrow, 2016 Geneva Motor Show

Apollo and Roland Gumpert part ways

Apollo Automobil, the Chinese-backed, Italian-based supercar company born out of the remains of Germany’s Gumpert, announced on Friday it has cut ties with Roland... read more November 7, 2016 by


 
2015 Audi RS 5 Coupe Sport

Report: New defeat device discovered in Audi transmission

If a report from Bild am Sonntag is to be believed, the Volkswagen Group is about to be rocked by another emissions cheating scandal. The German publication (via Reuters) on... read more November 7, 2016 by


 
2017 Cadillac CT6

CT6 sighting in Melbourne suggests Cadillac set for Australian launch

Prior to the global financial crisis late last decade, General Motors Company [NYSE:GM] was ready to launch Cadillac in Australia. However, the crisis, and GM’s ensuing... read more November 4, 2016 by


 
Maven

Uber drivers can earn cash without owning a car in new trial

General Motors Company [NYSE:GM] is teaming up with an unlikely partner to trial a new mobility service in San Francisco. The 90-day trial will provide Uber drivers with the... read more November 2, 2016 by


 
Pre-production of Volvo S90 at plant in Daqing, China

All Volvo S90 sedans to be made in China

Volvo has confirmed that China will eventually become the exclusive hub for production of its S90 sedan. That means all S90s sold in the United States will eventually be... read more November 2, 2016 by


 
Toyota Smart Key Box

Toyota teams up with Getaround to trial car-sharing service

Many within the industry are predicting a future where car sharing becomes more popular than actual ownership. Though this represents a threat to automakers, rather than... read more November 1, 2016 by


 
 

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