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MILAN, Italy (AFP) — Italian sports car maker Ferrari is likely to launch its first fully electric model only after 2025, its boss said on Thursday, blaming insufficient battery technology for the wait. “We certainly are studying fully electric,” Louis Camilleri told reporters, but added that “for the current foreseeable future” hybrids were the preferred option. “My sense is the electric (car) will come out after 2025. The battery technology is not where it should […]
WASHINGTON, United States (AFP) — Honda said Friday it will recall 1.6 million vehicles in the US as it moves toward wrapping up the process of replacing defective Takata air bags in cars sold in America. Honda said the plan involves Honda and Acura vehicles with air bag inflators used in earlier recall repairs. The company said this recall is being done six months ahead of a deadline set by the US National Highway […]
NEW YORK, United States (AFP) — Tesla has pulled the plug on Internet sales of its cheapest Model 3 sedan in the latest shift to the company’s retail strategy. The electric car maker plans to keep taking online orders for the Standard Plus Model 3, which starts at $39,500 and is now the lowest-price option available to digital consumers, along with higher-end models. But online customers will no longer be able to order the Model […]
FREMONT, California (Eagle News) — On a brisk Saturday in the bay area city of Fremont, California, car enthusiasts had the opportunity to tour the facilities of one of the most well known Euro car tuners, 034 Motorsports. 034 is most known for its ability to unlock power and speed potential from vehicles under the Audi/ Volkswagen platform through performance modifications. During this annual event called Winterfest, visitors showcased their vehicles at the 034 Motorsports […]
LONDON, United Kingdom (AFP) — Japanese car giant Honda is expected to announce the shutdown of its plant in south west England in 2022, putting 3,500 jobs at risk, media reports said Monday. The carmaker is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell. Nissan and Ford have also warned that jobs could be lost at British plants as Britain […]
SAN FRANCISCO, United States (AFP) — Electric vehicle startup Rivian on Friday announced a $700 million investment round led by Amazon, which recently pumped money into a young self-driving car technology firm. Details of Amazon’s stake in US-based Rivian were not disclosed, but the company said it will remain independent. The potential Tesla rival late last year unveiled an electric pickup truck and an electric sport utility vehicle at an auto show in Los Angeles. […]
TOKYO, Japan (AFP) — Japanese automaker Nissan, rocked by the arrest of former chairman Carlos Ghosn, on Tuesday revised downward its full-year forecast as nine-month net profit dropped more than 45 percent. It was Nissan’s first earnings report since Ghosn was arrested on November 19 and then sacked as chairman. He is in detention facing charges of financial misconduct. The firm’s bottom-line profit fell 45.2 percent to 316.7 billion yen ($2.9 billion), said Nissan — […]
MUMBAI, India (AFP) — Shares in India’s Tata Motors tanked almost 30 percent on Friday after problems at its Jaguar Land Rover unit dragged the luxury car-maker to India’s biggest quarterly loss. The Mumbai-based manufacturer has been badly hit by falling demand for luxury cars in China, as well as uncertainty over Brexit and rising debt. It announced Thursday a net loss of 270 billion rupees ($3.8 billion) for the quarter ending December owing to […]
by Natsuko FUKUE Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses. The firm’s senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal Brexit — days after fellow Japanese carmaker Nissan announced a cut in production […]
SAN FRANCISCO, United States (AFP) — Apple acknowledged Thursday that it has trimmed its team devoted to self-driving car technology but stressed that its still in the race. Apple’s comment came in response to a CNBC report that the staff of a secretive Project Titan was reduced this week by more than 200 people, some of whom were transferred to jobs elsewhere at the California-based technology group. “We have an incredibly talented team working on […]
SEOUL, South Korea (AFP) — South Korea’s largest automaker Hyundai Motor reported its first quarterly loss in eight years on Thursday, with currency swings sending it $180 million into the red in October-December despite improved sales. Operating profit fell 35 percent from a year earlier to 501 billion won ($443 million), the firm said in a statement, and it made a net loss of 203 billion won. “Due to weakened currency in emerging markets coupled […]
NEW DELHI, India (AFP) — India’s environmental court Thursday threatened Volkswagen executives with arrest and gave the German automaker a day to pay $14 million for violating pollution norms by fudging emission tests. The “Dieselgate” scandal, which saw VW cheat emissions tests on millions of diesel vehicles, has already cost the firm over $30 billion in fines, recalls and compensation worldwide. India’s National Green Tribunal ruled in November VW must deposit a fine of 1.7 […]
