Automotive Industry

The past few years have witnessed a tremendous growth in the market for used and refurbished cars. Dealers in this segment are smiling to the bank with the immense profit they’re making. Analytic trends show there’s a steady increase in…

In Q3 2018, nearly 58% of all new passenger cars that consumers bought in the EU ran on gasoline (UK: petrol). Approximately one-third of all cars ran on diesel, says the European Automobile Manufacturers Association. All other APVs, in…

A no-deal Brexit would be disastrous, says Steven Armstrong, President of Ford Europe, Middle East, and Africa. The disaster would be for British industry. A no-deal Brexit would also affect Ford's future in Britain, he added. Mr.…

Audi unveiled its new high-end electric $76,000 all-wheel drive e-tron SUV. The e-tron, set to take on Tesla’s Model X, has a 95 kilowatt-hour lithium-ion battery. According to Audi, the five-seater can do the benchmark 0-60 mph sprint…

Volvo Cars and its parent company Geely have postponed plans to float shares of the Swedish automotive giant due to current market conditions. China's Geely had planned to make Volvo a public company before the end of the year, however,…

Ford released a teaser image of its electric SUV codenamed “Mach 1”. The SUV, which resembles a sort of Mustang-based crossover, is part of Ford’s big push into the electric vehicle market. Ford said in a tweet: "Inspired by the iconic…

Ford says that it does not have plans to discontinue production of its Mondeo family car model. The automaker made the announcement after the Sunday Times published a report, citing people close to Ford, that the US automaker would stop…

All a Tesla privatization may achieve is to boost Elon Musk's ego. However, it won't be able to challenge the Big Three. Professor Erik Gordon adds that a Tesla privatization might save Musk's ego, but at the company's expense. Ross is…

A team of researchers managed to make electric car batteries last longer by souping them up with fluorinated electrolytes. The scientists are from the University of Maryland (UMD), the US Army Research Laboratory (ARL), and Argonne National…

A classic Aston Martin fetched more than £10m, i.e., $13.23m, at the Goodwood Festival of Speed in West Sussex, England. A European bidder acquired the 1961 Aston Martin DB4GT Zagato, which F1 champion Jim Clark had also driven. Aston…