Tag Archives: Industry

Future of diesel at Porsche to be decided by end of decade

Porsche hasn't been able to avoid the diesel emissions scandal afflicting the Volkswagen Group, with the diesel version of its popular Cayenne SUV among the vehicles fitted with emissions cheating software. Porsche has already been forced to stop sales of the Cayenne Diesel in the United...

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BMW i boss joins Faraday Future

Struggling electric car startup Faraday Future has hired former BMW executive Ulrich Kranz for the new role of Chief Technology Officer. Kranz, 59, is a BMW veteran and has led the German automaker's i sub-brand for electric mobility since 2008. He said he was motivated to join Faraday Future...

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Mercedes and Chery reach agreement on use of EQ name in China

Mercedes-Benz in the coming years will introduce a family of new electric cars under the EQ sub-brand. There was a chance Mercedes might have been blocked from using the name in China because local automaker Chery has been selling an electric car called the eQ since 2014. However, the two...

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Tesla to build world’s biggest battery in Australia

Tesla has entered a partnership with an Australian state to build the world's biggest battery. The lithium-ion battery will be made up of Tesla's industrial-scale Powerpacks and serve as a storage system for the power grid of South Australia. The total capacity will be 129...

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France to ban sales of gasoline and diesel cars by 2040

France has vowed to end sales of gasoline and diesel cars by 2040 as part of efforts towards meeting the emission reduction aims of the Paris climate accord. The move is also aimed at reducing pollution in France's major cities. Recall, Paris has already started banning older cars from its...

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Terrafugia flying car startup bought by Volvo parent Geely?

Is Terrafugia the latest acquisition of Chinese automaker Zhejiang Geely? According to the South China Morning Post, Geely, fresh from its acquisition of Lotus, has agreed to buy the American flying car startup. One of the newspaper's sources said Geely, which controls Volvo and Lynk & Co...

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Volvo makes moves to become electric car brand

Volvo aims to take an early lead among established automakers when it comes to vehicle electrification. The Swedish automaker on Wednesday made the bold statement that every car it launches from 2019 will be equipped with an electric motor. The cars will include mild hybrids, plug-in hybrids and...

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Ron Dennis agrees to sell McLaren stake, exit company

Six months after his ouster as CEO at McLaren Technology Group due to a spat with fellow shareholders, Ron Dennis is now set to leave the company he helped craft over the past four decades. Dennis has agreed to sell his 25 percent stake, with the value estimated to be $358 million. As part of the...

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