Rivian Automotive Inc., the electric-truck startup backed by Amazon.com Inc. and Ford Motor Co., is near elevating a brand new spherical of funding valuing it at about $25 billion, in keeping with folks acquainted with the matter. A number of current Rivian buyers are taking part within the spherical, whichRead More →
The Second Wave of 911 Rally Machines The names Porsche and Singer are nearly synonymous at this level in our trendy timeline. Singer has been the captain of constructing bespoke, custom-optioned 911s that scream class and convey an added layer of luxurious to the profitable 911 lineup. Historically, Singer mayRead More →
LONDON — Honda mentioned it was halting output at its British manufacturing unit on Tuesday and Wednesday attributable to international provide delays. Honda additionally suspended manufacturing for just a few days in December as some main container ports, akin to Felixstowe, struggled to deal with disruption attributable to COVID-19, pre-BrexitRead More →
LONDON — Bentley’s car gross sales rose 2 p.c to 11,206 in 2020 regardless of the COVID-19 pandemic inflicting the corporate’s manufacturing unit to shut throughout the first lockdown in England. The end result was was the best gross sales efficiency within the firm’s 101-year historical past, Bentley mentioned. DemandRead More →
Magna is the world’s third-largest auto provider, having generated almost $40 billion of income in 2019 from merchandise comparable to transmissions, car cameras, mirrors and seating, in response to the Automotive Information listing of the highest 100 world components suppliers. Austrian success Its contract manufacturing subsidiary, Magna Steyr, builds premiumRead More →
Magna is the world’s third-largest auto provider, having generated almost $40 billion of income in 2019 from merchandise corresponding to transmissions, automobile cameras, mirrors and seating, in line with the Automotive Information record of the highest 100 international elements suppliers. Austrian success Its contract manufacturing subsidiary, Magna Steyr, builds premiumRead More →
NEW DELHI — Fiat Chrysler Vehicles will make investments $250 million to develop its presence in India with the launch of 4 new Jeep fashions over the following two years. The funding will probably be made to construct domestically a midsize, three-row SUV, assemble the Jeep Wrangler and Jeep CherokeeRead More →