Toyota to invest £240m in its UK factory

The Japanese carmaker Toyota is to invest £240m in its UK factory at Burnaston plant near Derby, which made 180, 000 vehicles last year, including the Auris and Avensis models. The factory employs about 2, 500 people, and another 590 at Toyota’s engine plant at Deeside, North Wales. Johan Van Zyl, chief executive of Toyota…

Daimler won’t have bigger stake in Aston Martin

Loss-making British Luxury brand, James Bond carmaker, Aston Martin reported its sixth consecutive annual loss but said its latest DB11 equipped with Mercedes electronic gadgets boosted sales in the end of 2016. Aston Marin Marque, which made a  £71.9m loss in 2016, £127.9m loss in 2015,  the fifth consecutive year the company has filed to make…

PSA buys GM Europe for £1.9bn

  PSA owners of Peugeot and Citroen cars has struck a deal of €2.2bn (£1.9bn) to buy General Motors’ European unit including Vauxhall. Loss-making GM Europe has UK factories at Ellesmere Port and Luton which employs 4, 500 people.  With GM’s Opel and Vauxhall operations,  PSA Group jumps to become the second largest carmaker in…

Peugeot in talks about buying Opel

PSA Group, make of Peugeot, DS and Citroen cars, is in talks about taking over General Motors’ (GM) loss-making European business Opel. France’s PSA group already works with GM in Europe on several projects, said any deal would involve Opel’s UK arm Vauxhall, which employs 4, 500 staff at plants at Ellesmere Port and Luton.…

Ambassador brand sold for £800k

The iconic brand Ambassador, owned by CK Birla Group, has been sold to European Auto Peugeot for £0.8m  (Rs 80 crore). The manufacturing of Ambassador cars has been discontinued. “Hindustan Motors has executed an agreement with Peugeot SA for the sale of the Ambassador brand, including the trademarks, for a consideration of Rs 80 crore.…

Magnificent Vision Mercedes Maybach 6

The magnificent coupe is set to make its debut at Monterey Car Week, on the Monterey Penninsula till the 21 August 2016 and on Pebble Beach Concours d’Elegance.  The radiator grille across the entire length of the vehicle to the rear. Maybach’s red paintwork and the strips which sit above the wheel arches and in the…

Tesla autopilot another crash

Tesla’s autopilot feature was activated when one of its cars crashed again on Sunday, as the electric carmaker based in California, has suggested that the function was not being used correctly at that time. However, this time, the motorists survived the accident, but another Tesla owner died in an earlier crash blamed on the driver-assist…

Padmasree Warrior joins NextEV

Padmasree Warrior 55, born in Vijayawada, Andhra Pradesh ( India),  the former technology and strategy officer at Cisco systems, is the new CEO and global chief development officer at NextEV, a Chinese startup that’s building an electric car to compete with Tesla. Warrior, who spent her entire career  with Motorola  semiconductor plant, for 23 years…