Fight for Robo-taxis

US car sales could strink from more than 17m last year to just 11.5m by 2025, about the same level seen in 2008-09 which caused GM and Chrysler to go Bankrupt and Ford to suffer a £11.2bn ($14.6bn) loss. GM after celebrating the world’s largest carmaker for the 76th straight year in 2007 on £19.25bn…

Rolls-Royce rolling high helped by Trump’s tax cuts

Rolls-Royce Motor Cars owned by BMW, recorded its highest ever sales last year as wealthy US buyers, buoyed by Donald Trump’s tax cuts splashed out on luxury cars with an annual sale of 4, 107 a rise of 22 per cent after the relaunch of its flagship Phantom and launch of its first sports utility…

Is it a car or an airplane

Japanese carmaker Toyota has been granted a patent that describes a  car that is capable of flying. The car is described to have wheels with rotor blades, which would allow it to take off vertically. Each of the wheels will have an electric motor fed by a system that would generate enough electric power to drive…

Aston Martin targeting £5bn valuation

The British luxury carmaker, Aston Martin is targeting a valuation of £5bn when it lists its shares on the London Stock Exchange on 3rd October 2018. Andy Palmer, CEO of Aston Martin said ”We have seen almost unprecedented investor interest. This has always      been part of the dream to put a car company back on…

Classic Aston Martin sold for £10m

A classic Aston Martin  1961 DB4GT Zagato bought by a European bidder at the Goodwood Festival of Speed in Sussex for £10, 081,500 making it the most valuable British car ever bought at a European auction. The car one of the three MP209 versions made, was previously driven by British two-time F1 champion Jim Clark…

Bugatti Veyron L’or Blanc: the $2.5m supercar

Bugatti ‘s latest one-off Veyron L’or Blanc, supercar dressed in finest perocelain which cost 42.5million. The exterior of the 1001 horsepower Veyron L’or Blanc is surfaced in aluminium and carbon fiber mix, with wheel center caps, fuel filler cap and interior trim all fashioned by KPM from porcelain most of it designed by hand. Ettore…

Jaguar to cut production with 1000 job losses

Britain’s largest carmaker, Jaguar Land Rover is to shed 1, 000 temporary contract workers at its Solihull plant which also builds Range Rovers and the Land Rovers Discovery SUV and cut production, resulting from a collapse in diesel vehicle sales. Jaguar also blames lower consumer confidence because of the prospect of withdrawal from the EU,…