Europe’s Power Network Needs Massive Spending To Meet Electric Car Challenge. “Concerns surrounding the U.K’s outdated grid to support the charging of electric vehicles is mounting. Implementing robust infrastructure is vital” ChargePoint, which says it is the world’s largest electric vehicle charging business, said the battery car revolution in Europe could be jeopardized if electric […]
Volkswagen Returns To Profit But Slips Behind Rivals. “The results were solid, but beats delivered by the competition were even bigger” For any auto manufacturer to report any profit at all in this coronavirus inflicted world has to be impressive, but Volkswagen disappointed investors with its latest financial report which analysts said showed it was […]
BMW Improves Quarterly Financial Data, After Daimler Led The Way. “Economic disruption caused by the coronavirus pandemic continues to significantly impair forecasting and leads therefore to considerable uncertainty in providing an accurate outlook” BMW investors reacted calmly to news free cash flow, an important early indicator of profitability, zoomed ahead in the 3rd quarter at […]
Global Auto Sales Won’t Recover Pre-Coronavirus Highs Until 2023. “Economists worry direct government support will have a limited duration and when the money runs out, economies might slump again and damage vehicle sales” Hopes the global automotive industry would recover pre-coronavirus sales with a swift, uncomplicated “V” by the end of the year or early […]
Polestar 1 review. For – great looks, power, quality, technology. Against – cramped rear, boot, ludicrous mpg claim. ***** £139,000 “Overall fuel economy was a fantastic 78.6 mpg. Laughable official claim” Is that a Lamborghini or a Ferrari? That was the question asked in local parking lots when people first set eyes on this beauty. […]
Affordable Electric Car? Kia Soul EV ‘Special Edition’ Review. For – cute, high quality, terrific drive, impressive performance. Against – too expensive, inadequate motorway range. Highway cruising range – 133.2 miles *** £37,295 The Kia Soul EV is a fantastic little SUV, with Germanic interior and exterior quality, every known gizmo, and a huge battery […]
Toyota Might Be A Lone Victim Of Latest Brexit Talks Hurdle. “Nissan has lots of Renault options, but Toyota is the big issue. Quite a lot of content, mainly for its hybrids from Japan, do not have enough local content from the EU or the U.K. What will they do? Britain’s auto industry has become […]
Will Tighter European CO2 Rules Herald A New Electric Era, Or Bankruptcy? “Manufacturers will soon start dismissals because R&D will end. Banning ICE is denying the simplest, cheapest way to improve sustainability. It’s stupid, they want to ban hybrids too” The European Union (EU) is expected to tighten the already harsh 2030 limit on carbon […]
China’s Electric Car Assault On Europe Is Sputtering, But May Revive. “It will be hard for the Chinese. They won’t be much cheaper and I’m not sure they would have a unique selling point. After all the cost of the batteries is most important” If European carmakers are worried sick the long-expected onslaught from Chinese […]
Daimler Plan Impresses Investors But A Stumble Would Revive Takeover Talk. “3 options. A German-German, German-French-Japanese, or German-Swedish-Chinese” Investors seem happy after Mercedes parent Daimler announced new goals which included slashing costs, cementing profit targets, moving upmarket and building up its electric car portfolio to try and keep up with Tesla and Volkswagen. Any sign […]
Car, SUV Sales Growth Stalls In Europe, But Electric Sector Relieves The Pain. “the overall picture remains one of a heavy full year contraction” Western European sales of cars and SUVs stagnated in September, damaging hopes that the recovery from the coronavirus might represent a healthy looking “V” shape, but strong sales of electrified vehicles […]
EU, British Auto Makers Say Free Trade Deal Failure Will Cost $130 billion. “ONS data shows WTO might not be a disaster for U.K. Auto” The European Union (EU) and Britain must urgently seal a free-trade trade deal because failure would cost Europe’s automotive industry about €110 billion ($130 billion) in lost trade over five […]
Ferrari’s Portofino Has More Power, 8-speed Gearbox, Costs 4% More. “Ferrari has struggled from coronavirus, but not as badly as mainstream auto makers” Ferrari unveiled its new Portofino M, a convertible sports car which boasts a 612-hp turbo-charged 3.9 liter V8 motor, and an 8-speed gearbox. The previous Portofino made do with 592 hp and […]
