Will Porsche and VW Go Separate Ways in the Future? This Seems to Make Sense
19 Feb 2021, 09:45 UTC · By: Alexandru Sincan / A Porsche listing would reverse its acquisition by VW about a decade ago. Yet, lately, some business advisers have admitted it could happen
Lexus Cancels the IS Sedan, RC Coupe, CT Hatchback in Europe, SUVs Take Priority
17 Oct 2020, 11:38 UTC · By: Mircea Panait / Better late than never, Lexus has pulled the plug on three slow-selling and rather old nameplates in Europe to focus on SUVs
McLaren Lays Off More Than a Quarter of its Employees
26 May 2020, 18:13 UTC · By: Mircea Panait / As a group, McLaren intends to axe 1,200 jobs from a total of over 4,000 employees. As if that wasn't enough, McLaren HQ has also been mortgaged
Rivian Raises $1.3 Billion Investment to Grow Business
26 Dec 2019, 17:09 UTC · By: Mircea Panait / After four rounds of investment, Rivian has raised $2.85 billion over the course of 2019. It takes a lot of money to go from startup to automaker, alright
Lamborghini 2020 Sales Expected to "Stabilize" at 8,500 Vehicles
21 Dec 2019, 14:04 UTC · By: Mircea Panait / Lamborghini doesn't want to be less exclusive than Ferrari, hence the company's decision to embrace ever-longer waiting lists
Sorry VW, But Renault-Nissan-Mitsubishi Is The World’s Biggest Automaker Of 2017
31 Jan 2018, 15:26 UTC · By: Mircea Panait / Renault-Nissan-Mitsubishi is the new king of the hill in the automotive industry, selling 10.6 vehicles in 2017 thanks, in part, to Mitsubishi
Geely Buys Lotus And Proton In Surprise Deal, Here Are the First Details
24 May 2017, 12:49 UTC · By: Sebastian Toma / Geely was rumored to have left the negotiation process for the Lotus and Proton brands, but it has been announced that it is the buyer of both firms
Italian Court Blocks All Uber Services for the Entire Country, This Is A First
11 Apr 2017, 08:14 UTC · By: Sebastian Toma / A Italian court has blocked all the services offered by Uber in the country after a lawsuit filed by traditional taxi companies. No other country has done this
Geely Has Left The Negotiation Process With Proton
24 Mar 2017, 12:42 UTC · By: Sebastian Toma / The Chinese at Geely have decided against continuing the negotiation process with Proton. Company representatives said the firm was undecided about its future
Peugeot Family Sees Opel Deal As Highway To Global Expansion
20 Mar 2017, 15:04 UTC · By: Sebastian Toma / The Peugeot family is excited about the acquisition of the Opel brand from General Motors, and sees the move as a step towards the firm's global expansion
Reports Say PSA Has Reached Deal To Buy Opel From GM, Could Be Confirmed Monday
4 Mar 2017, 13:01 UTC · By: Sebastian Toma / According to company insiders, the French at PSA have been given the board's approval to sign a deal with General Motors to buy Opel. It should be official soon
PSA Groupe Is Close To Making A Deal With GM To Buy Opel, Sources Say
3 Mar 2017, 12:09 UTC · By: Sebastian Toma / PSA Groupe, the company that owns Peugeot and Citroen, is reportedly very close to signing a deal with General Motors. They might sign next week, sources say
Tesla Reveals Q4 Earnings, It Did Better Than Expected
23 Feb 2017, 08:49 UTC · By: Sebastian Toma / In spite of last year's acquisition of Solar City, Tesla's financial results for 2016 were still in the positive. Moreover, the company did better than expected
Groupe PSA Is Reportedly Interested In Buying Proton And Lotus
21 Feb 2017, 13:50 UTC · By: Sebastian Toma / The French at Groupe PSA are reportedly interested in purchasing GM's European arm, and they could also be one of the bidders for Proton and Lotus
Nurburgring Changes Ticket System, Introduces QR Codes
25 Nov 2016, 16:29 UTC · By: Sebastian Toma / The operators of the Nurburgring have changed the access system for 2017. We are referring to the famous tourist rides, also known as "touristenfahrten"
Uber Riders Get Their Tips Back After Settlement, Drivers Get Jack Squat
18 Sep 2016, 13:02 UTC · By: Sebastian Toma / Approximately 47,000 Uber riders were charged 20 percent of their fares as "gratuity" to the drivers. Uber took a cut of the tips, and wil refund users
Volkswagen Opens Cybersecurity Company With Ex-Spy Chief From Israel
14 Sep 2016, 17:08 UTC · By: Sebastian Toma / Yuval Diskin, the former head of Israel's Shin Bet intelligence agency, has partnered with Volkswagen for a cybersecurity outfit named CyMotive Technologies
Suzuki Tax Probe Reveals Company Concealed A Part Of Its Income
14 Sep 2016, 09:52 UTC · By: Sebastian Toma / After Suzuki's fuel economy scandal, the Japanese brand had a tax probe, which turned out to uncover more problems. The latest is concealed income
Jeremy Clarkson Blew Up His House On Purpose, Neighbors Are Upset
12 Sep 2016, 13:59 UTC · By: Sebastian Toma / Jeremy Clarkson, one of the presenters of the old Top Gear team, has a special skill of upsetting people. This time, he blew up his house to demolish it
Bernie Ecclestone Could Still Lead Formula 1 Even If Sale Proceeds, Reports Say
7 Sep 2016, 19:13 UTC · By: Sebastian Toma / We recently reported that Formula 1 might be for sale for $8.5 billion. The sale would have brought the departure of Mr. Ecclestone, but reports say it won't