Recaro Automotive GmbH has been saved from bankruptcy. The Italian company Proma Group has signed an investment agreement with the German-based seat maker, and the pair have already begun the transition period to assume control of the business. Proma said it would retain several original employees to “ensure a moreContinue Reading
Consumer Credit : CREDICORP/NADDC kick off initial ₦20B Consumer Credit Fund for purchase of locally-assembled vehicles. Initiative will not only enable Nigerians to purchase locally-assembled vehicles but also grow Nigeria’s automotive industry. Innoson, NORD, CIG MOTORS (GAC), PAN, MIKANO, Jets, NEV (electric) and DAG were in attendance at the signingContinue Reading
Press releases Others MarketsandMarkets The Electric Light Commercial Vehicle (eLCV) market is a rapidly evolving segment within the automotive industry, driven by increasing demand for sustainable transport solutions, advancements in battery technology, and stringent emission regulations. Here’s an overview of key trends and factors influencing this market: Key Drivers ofContinue Reading
The global Automotive Sensor Fusion Market Size for is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%. The sensor fusion market for automotive is experiencing a remarkable surge in growth, revolutionizing the global automotive industry. Integrating sensors, data,Continue Reading
Ten years ago now, the editors of MotorTrend decided to have some Thanksgiving fun by having a go at some of the contemporary vehicles they felt were, well, turkeys. Most have stood the test of time as automotive flops, but a couple we sort of wish we had back. WhichContinue Reading
Pros Porsche-like driving dynamics Drives a ton lighter than it is Posh minimalist interior with logical UX Cons Volvo-like safety nannying Illogical, obtuse cruise controls Reluctant steering assist Polestar as an automotive brand started life as Volvo’s performance halo, like BMW’s M or Mercedes’ AMG. Now a full-fledged marque ofContinue Reading
Volkswagen CEO Thomas Schaefer said the company still plans to close factories in Germany even though the union voted to go on strike in early December. “We have to reduce our capacities and adapt to the new reality,” Šefer told the “Welt” newspaper. Planned cost reductions will include plants forContinue Reading
As various automakers vie to create the best electric vehicles, Toyota remains hesitant about the market’s complete shift to battery-powered cars. Instead, the Japanese automotive giant is pursuing a different direction: the development of diesel hybrids. Toyota sees an opportunity to improve car efficiency by combining diesel engines with hybridContinue Reading
For Japan Month at Motor1, we’ve traveled far and wide to uncover the origins of Japanese car culture. For this piece, I’ll be experiencing the history of Japan’s street racing scene by walking a mile down the street to the arcade. This is the story of two of the mostContinue Reading
Extended Warranty Evolution: A Decade in Review by 3D Chess Media Published by @prwirepro on November 29, 2023November 29, 2023 Nov. 29, 2023 – The last decade has witnessed a tectonic shift in the way extended warranties are perceived, purchased, and presented to consumers. Initially considered an unnecessary upsell, these warrantiesContinue Reading
Skip to content