Tag Archives: Industry

China will end production of 553 car models due to fuel economy

In China's pursuit to curb emissions and pollution, the country will force 553 locally produced vehicles in a new blacklist of sorts, Bloomberg reported on Thursday. The reason is that the 553 vehicles do not meet new fuel economy mandates. Notable vehicles on the list come from well-known brands, too. Audi, Mercedes-Benz, and Chevrolet are all included on...

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CJ Wilson opens first BAC Mono dealership in US

Forget the Aston Martin Valkyrie and Mercedes-AMG Project One. If you want the closest experience to a Formula 1 car on the road, then BAC's Mono is the way to go. BAC announced its official presence in the United States earlier this year, and at the time the company said it was in the process of signing up dealers. The first of these has now been...

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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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