China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…
Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded 140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations. Shares in the company surged 5.5…
Carlos Ghosn, a Brazilian born French businessman of Lebanese ancestry, who served as the CEO of Michelin North America, Chairman, and CEO of Renault chairman of AvtoVAZ chairman and CEO of Nissan and chairman of Mistubishi Motors Fled from Japan by using one of the 2 French passports and Lebanese ID, entered Lebanon, confirmed by…
Elon Musk blamed the embarrassing launch incident on the order in which a demonstration had taken place. The Cybertruck was first struck with a sledgehammer in what appeared to be a successful demonstration of its armor body’s strength which developed an unseen crack which had subsequently led to the windows smashing when they had been…
Tesla’s CEO Elon Musk branded the laser scanning system Lidar ( light detection and ranging) which is being touted as the best way for autonomous cars to sense their environment. In April he said, Lidar was expensive and unnecessary as he believes that cameras combined with artificial intelligence will be enough to allow cars to…
Elon Musk announced that Tesla would build its first European production plant in Grünheide, a small town south-east of Berlin, near its new international airport, prompted Peter Altmaier, economics minister to say “further proof of how attractive Germany is as a place to make cars”, and was a “milestone” on Germany’s path towards electro-mobility. The…
VL the Aspark OWL manufactured by Japanese auto company Aspark is the fastest fully electric hyper car in the world which delivers 2012 horsepower with top speed of 249mph, each car costing $3.2m. The car has four electric motors two rear and two in front with an electric range of 90 miles ( 150Km),…
Dyson pulls the plug on electric cars. The billionaire businessman had hoped to harness his group’s expertise in battery systems, aerodynamics and high-tech manufacturing to break into a fiercely competitive industry. Weekly meetings of the auto team run by former BMW and Nissan executive Roland Krueger, who joined Dyson in January 2019, reviewed the outlook…
John Goodenough of the University of Texas in Austin, who is still active in research to lead the development of rechargeable Lithium-ion batteries that power everything mobile phones to laptops and even electric vehicles, at the age of 97. John Goodenough was the oldest laureate in any discipline in the 118-year history of Nobel Prizes,…
A motorist has been filmed fast asleep at the wheel of his “self-drive” Tesla on a busy highway Interstate 5 near San Diego in California. The car driver who was with his wife and children said “we were going about 35 or 40 miles per hour when we saw him. The traffic had just started…