Tag Archives: Industry

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...

Read More »

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...

Read More »

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...

Read More »

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...

Read More »

Report: Ron Dennis 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 could be set to finally leave the company he helped craft over the past four decades. Sky News reports that Dennis has agreed to sell his 25 percent stake for $358 million. An...

Read More »

Report: Ron Dennis 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 could be set to finally leave the company he helped craft over the past four decades. Sky News reports that Dennis has agreed to sell his 25 percent stake for $358 million. An...

Read More »

Lotus cars could be built in China, says new owner Geely

China's Zhejiang Geely, the holding company that owns the Volvo, Lynk & Co and Geely car brands, entered a deal in May to acquire a 51 percent in stake Lotus from Malaysian conglomerate DRB-Hicom. As part of the deal, Geely also agreed to acquire a 49.9 percent stake in Malaysian...

Read More »