Abu Dhabi-based CYVN Holdings has reached an agreement to buy McLaren Automotive, with the promise of fresh cash for the British sports car manufacturer. Bahrain’s sovereign wealth fund Mumtalakat, which took full ownership of McLaren Group (the parent company of the car firm and McLaren Racing) in April, confirmed thatContinue Reading
Blue Check Shops Interview Series uncovers unconventional strategies for attracting and retaining technicians in a challenging labor market In today’s tight labor market, many independent auto repair shops are stuck in a cycle of technician turnover, unable to find and keep the skilled talent they need to grow. But aContinue Reading
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
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