Toyota to stop selling diesel cars in Europe this year
Businessam Staff
March 6, 2018
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Toyota is joining the list of manufacturers dropping diesel from their passenger car lineups. The brand has confirmed that it’s phasing out diesel passenger vehicles in Europe over the course of 2018, starting with cars like the Auris, according engadget’s report. The company will keep diesel commercial vehicles like the Hilux truck, Land Cruiser SUV […]
UK car production falls for first time since 2009 as Brexit fears hit sales
Businessam Staff
January 31, 2018
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UK car production went into reverse last year for the first time since the depths of the financial crisis in 2009, as Brexit fears took hold and consumers turned their backs on diesel vehicles. A total of 1.67m cars rolled off UK production lines in 2017, down 3% compared with 2016 as demand for British-made […]
Weak pound, global growth drive manufacturing rebound
Businessam Staff
January 8, 2018
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Manufacturers in the UK are celebrating a surge in growth as the strong global economy combined with the weak pound pushes up demand for British goods. Industrial production – which includes manufactured goods as well as output from mines and energy firms – is thought to have risen by 0.4pc in November, returning to growth […]
Volkswagen to retain spot as world’s top car maker
Businessam Staff
January 8, 2018
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Volkswagen Group is expected to retain its position as the world’s largest car maker in 2017, increasing its lead over Toyota. Internal sales estimates from VW Group – which includes the Audi, SEAT and Porsche marques – predict global sales of 10.7m vehicles for last year, according to reports in the German media. This would […]
California bill seeks ban on fossil-fueled vehicles by 2040
Businessam Staff
January 4, 2018
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California would ban the sale of new cars and trucks powered by fossil fuels in 2040 under legislation introduced Wednesday in the state legislature. “We’re at an inflection point: we’ve got to address the harmful emissions that cause climate change,” Phil Ting, Democratic assembly member, the bill’s author, said in a statement. If the measure becomes […]
Tesla slashes half its Model 3 production target for the first quarter
Businessam Staff
January 4, 2018
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Tesla says it will produce 2,500 Model 3 vehicles per week by the end of the first quarter 2018 and will build 5,000 per week by the end of the second quarter. CEO Elon Musk originally said the company would make 20,000 Model 3 vehicles per month by December 2017, but the company only delivered […]
China plans to kill local subsidies for electric cars
Businessam Staff
December 18, 2017
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China is planning to tell local governments to stop offering subsidies for electric cars and other new-energy vehicles, according to a report by Bloomberg, a move that could undermine demand for autos made by companies including BYD Co. and BAIC Motor Corp. The Ministry of Finance is working on a plan that would mandate authorities […]
Lamborghini, MIT building self-healing electric sports car
Businessam Staff
December 12, 2017
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The next super sports car is being built as we speak, not in a manufacturing plant, but in a lab at Massachusetts Institute of Technology (MIT). Arguably the greatest university in the world in the fields of engineering and tech, MIT is collaborating with Lamborghini on a new electric design concept: Lamborghini of the Terzo Millennio. As […]
UK factories boom on global car demand
Businessam Staff
December 8, 2017
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U.K. manufacturers extended their winning streak in October as foreign demand sent car production to a record, according to figures published Friday. Factory output rose 0.1 percent from September, marking six consecutive increases for the first time since modern records began in 1997, the Office for National Statistics said. Overall industrial production was unchanged as […]
Ford plans deal with Alibaba to sell passenger cars online in China
Businessam Staff
December 7, 2017
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Ford Motor expected to sign as early as Thursday a deal with Alibaba Group Holding, which may allow the US carmaker to test selling cars to consumers in China through Alibaba’s online retail arm Tmall, as well as via a new “auto vending machine” store concept, according to a Ford source familiar with the matter. […]