Audi, the German carmaker has apologized for an insensitive advert showing a little girl eating a banana in front of a high-performance car, after it flared up criticism on social media. Audi tweeted in its apology, “We hear you, and let’s get this straight. We care for children. We sincerely apologize for this insensitive…
A £250, 000 brand new Lamborghini crashed on M1 motorway just twenty minutes into its first trip in Ossett, West Yorkshire. The sports car suffered mechanical failure and as it broke down on the third lane of the M1 before a van rammed into its back. Police reported no injuries but tweeted “It’s only a…
Transport Secretary Grant Shapps said, “the decision to print a green “flash” on the left-hand side of number plates on zero-emission cars from the autumn would help show people that a greener transport future is within our grasp. A green recovery is a key to helping us achieve our net-zero carbon commitments while also promoting…
Nissan is investing £400m in its Sunderland plant, despite warnings from the Japanese carmaker that tariffs after Brexit might endanger the facility’s exports. The company said a new £52m press line, has been installed ahead of building a revised version of the Qashqai, the family sport-utility vehicle that accounts for two-thirds of the site’s…
The auto industry is moving beyond internal combustion engines or self-driving software, the brains for fleets of robot vehicles, Elon Musk’s Tesla has become a key supplier of batteries and electric power trains. Tesla’s share price culminated in an electrifying 48 per cent leap during the first two trading sessions of this week. From a…
Elon Musk, the billionaire co-founder of Tesla saw the market value of the electric car maker pass $`103bn, following a three-month rally in which Tesla’s share price has soared 125 per cent, as Donald Trump compared him to US Inventor Thomas Edison, calling him one of our great geniuses. If the market cap averages $100bn…
A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…
Foxconn, an Apple lead assembler and depends on Apple for 50 per cent of its revenue, is venturing into electric cars with Fiat, Chrysler Automobiles. Hon Hai, Precision Industry, as the world’s largest contract manufacturer is in talks to set up a business the Italian-American carmaker both holding 50 per cent stake, to make cars…
Korean manufacturers, Hyundai and Kia have invested €100m into electric-vehicle start-up Arrival with a €3bn price tag in one of the largest investments in Britain’s motor industry since the Brexit vote to leave the EU in 2016. “This will lead to significant collaboration this is far more than just an investment” Avinash Rugoobur, Arrival’s chief…
Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…