carindustry
Aston Martin has unveiled its new Valiant sports car, designed in partnership with Spanish racing driver and two-time world champion, Fernando Alonso. The cars, of which there are only 38 in the world, are thought to cost around £2 million per unit (€2.37 million), excluding tax in the UK. Aston Martin has confirmed that all of the cars have already been pre-sold, and that deliveries will begin in the fourth quarter of this year. This will follow the public presentation of the car at the Goodwood Festival of Speed in July. Fernando Alonso, who is currently competing for Aston Martin in Formula...
Euronews (English)
Audrey Hepburn and Gregory Peck frolicked around Rome in it. Pope Francis chose it over a bulletproof limousine. Italian PM Giorgia Meloni enjoyed a ride in it at the G7 in Puglia just last week. Now, the iconic Fiat 500 is being used to make a point. In its latest video advertisement, Stellantis — a Netherlands-based Franco-Italian multinational that designs and manufactures cars under 14 brands, including all of Fiat’s models — showed the ever-popular Cinquecento stripped of all logos. “If this car had no logo, if it had no name, if it had no flag, if it had nothing to say what it is, or whe...
Euronews (English)
The news, unconfirmed by Ferrari, comes as the luxury carmaker prepares to inaugurate a new production site in Maranello, Northern Italy, on Friday. Based in the town where the firm began making cars, the plant could boost group production by up to a third. The floated figure for an electric Ferrari is well above the average sale price for other vehicles made by the manufacturer. This cost doesn't include extras which typically add 15 to 20%. At the start of this year, the average price of a Ferrari was €350,000, including bonus features and personal touches. To compare this with other manufac...
Euronews (English)
The number of new cars registered in the EU amounted to 913,995 units last month, an annual jump of 13.7%, according to newly released data by the European Automobile Manufacturers' Association (ACEA). Dramatic growth was seen in countries including Romania, (+34.6), Denmark (+27.1), Poland (+25.1), and Spain (+23.1%), with Cyprus leading the pack (+105.4). Manufacturers recording large registration increases included Honda (+155.4), Volvo (+63.5) and Toyota (+47.3). In terms of numbers, the Volkswagen Group dominated, with 254,019 units, an annual jump of 15.5%. The Volkswagen Group includes ...
Euronews (English)
Incredible technological advancements have been made in autonomous vehicles, from the integration of Light Detection and Ranging (LiDAR) technology to advancements in AI and machine learning, that promise a transformative impact for the automotive industry. Yet, despite their clear benefits — greater cost-efficiency, less traffic congestion, and lower carbon emissions — widespread adoption of autonomous technology remains elusive. If history is our guide, we risk repeating the same missteps with autonomous driving as with electric transportation. For a century, the technology for electric vehi...
Euronews (English)
Global automakers and electric vehicle (EV) startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for new-energy vehicles – a trend that Europe's car manufacturing giants are struggling to keep up with. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Chinese EV makers have been expanding rapidly into overseas ...
Euronews (English)
German industrial production increased for the second consecutive month in February, according to data released by the country's official statistics agency on Monday. Compared with January, industrial output increased by 2.1%, the most dramatic monthly rise seen since January 2023. The figure is far more positive than expected, with Reuters analysts having predicted a 0.3% rise. Annual production, however, is still down 4.9%. The driving force behind the monthly increase was a 7.9% jump in the construction sector, as building projects benefited from milder weather. Carmaking output also rose b...
Euronews (English)
Ford Motor Company (NYSE:F) will stop making cars in India after reporting losses of around $2 billion in a decade. It becomes the latest car manufacturer to leave this market dominated by Asian brands. Q2 2021 hedge fund letters, conferences and more Significant LossesFord's decision affects more than 4,000 employees who will be laid off as production will come to a halt immediately. The giant automaker arrived in India 25 years ago but could never seize more than 2% of the market, after struggling for years to win over Indian consumers. As reported by Al Jazeera, “Ford will wind down an asse...
ValueWalk
According to industry experts, the global chip shortage that has hit the automotive sector so hard could spread into 2022 and affect smartphone manufacturing next. The underlying effect could be a lower supply for a wider variety of appliances and industrial equipment. Q2 2021 hedge fund letters, conferences and more Smartphone Chips to Be ScarceIris Pang, ING Greater China chief economist, told Reuters that the car manufacturing industry could see an improvement in chips’ supply, “with China taking up some production demand that Taiwan could not meet.” Semiconductor companies in Taiwan have i...
ValueWalk
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