Tag Archives: Industry

Faraday Future backer Jia Yueting is ordered back to China, has assets seized

Faraday Future's main backer, Jia Yueting, has been ordered to return to China to meet financial obligations promised to investors of his LeEco electronics and video streaming business. The order was issued on Monday by the China Securities Regulatory Commission which has been pushing for Yueting's return since September. Yueting is thought to...

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Faraday Future backer ordered to return to China

Faraday Future's main Chinese backer, Jia Yueting, has been ordered to return to China to meet financial obligations promised to investors of his LeEco electronics and video streaming business. The order was issued on Monday by the China Securities Regulatory Commission which has been pushing for Yueting's return since September. Yueting is...

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Father of Mazda’s rotary engine has passed away

Kenichi Yamamoto, the man behind Mazda's iconic rotary engine, has passed away at the age of 95, Japanese Nostalgic Car reported on Monday. Yamamoto wasn't only the man behind the brand's rotary engine, but he also helped ensure Mazda's future in the aftermath of World War II. After co-managing an airplane factory during WWII, Yamamoto returned to his home...

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Aston Martin recalls over 5,000 cars in US

Aston Martin has issued a pair of recalls that affect a significant portion of its customers in the United States as over 5,000 cars are involved. The more concerning of the recalls deals with the 6-speed automatic transmission fitted to 3,493 cars made up of the following models: 2009-2016 Aston Martin DB9 2009-2012 Aston Martin DBS 2010-2015 Aston Martin...

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Honda looking at solid-state battery technology

Honda spokesperson Teruhiko Tatebe has revealed to Reuters that the automaker is investigating the use of solid-state batteries for future electric cars. Solid-state batteries are seen as a breakthrough technology for electric cars as they promise significantly improved battery density compared to current technology, which means range can be increased...

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Nio considering IPO, stake sale

Chinese electric car startup Nio has just introduced its first volume vehicle on the market in the form of the Tesla Model X-rivaling ES8, but the long-term plan is to offer a full portfolio ranging from city cars to self-driving cars to world-beating supercars. The company is looking to draw investments to fund the ambition plans, and according to...

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BMW partners with US solid-state battery company

As electrification moves to the automotive world's center stage, automakers are quickly sorting out strategic partnerships with battery suppliers to solidify their futures. On Monday, Solid Power, a U.S.-based battery company, announced it would work with BMW on game-changing solid-state batteries. A solid-state battery replaces liquid or gel-like...

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New boss at Audi Sport as Winkelmann focuses on Bugatti

After leading Audi Sport since early 2016, Stephan Winkelmann will now relinquish his role as chief of the performance division in order to focus on Bugatti, whose leadership he was assigned after former boss Wolfgang Dürheimer stepped down in October. To replace Winkelmann, Audi has selected Michael-Julius Renz, who currently oversees sales of the...

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BMW Group delivers over 100,000 electrified cars in 2017

The BMW Group has reached its goal of delivering more than 100,000 electrified cars in 2017. The total includes hybrids and electric cars sold across the BMW and Mini brands. The 100,000th car was a BMW i3 finished in blue. It was handed over to its owner at the BMW Group headquarters in Munich, Germany at a special ceremony on Monday. The BMW Group also...

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Aston Martin edges closer to potential sale or IPO

Reports of Aston Martin attempting to go public by filing an initial public offering (IPO) date back as far as the brand's sale by Ford in 2008 to a consortium led by Prodrive founder David Richards. Aston Martin is now in the midst of a massive expansion plan that calls for seven cars in seven years—the first two are the DB11 and redesigned...

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