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Category: Automotive

Retail Asia18/02/2021
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Automotive

Jaguar Land Rover To Cut 2,000 Jobs Globally

2min0
Jaguar Land Rover said on Wednesday it would cut 2,000 jobs from its global salaried workforce, just days after announcing its luxury Jaguar brand will be entirely electric by 2025 and e-models of its entire lineup will be launched by 2030. “The full review of the Jaguar Land Rover organization is already underway,” the company […]
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Retail Asia17/02/2021
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Automotive

McLaren Reveals The Artura Hybrid Supercar

6min0
After months of teasing the car, McLaren has finally revealed the Artura Hybrid supercar. It is McLaren’s first series-production High-Performance Hybrid supercar and is underpinned by the company’s philosophy of super-lightweight engineering. All-new from the ground up, the Artura presented McLaren engineers and designers with new opportunities to innovate, chief among these being how to […]
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Retail Asia10/02/2021
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Automotive

Chinese Regulators Call In Tesla Over Customer Complaints

2min0
Chinese government officials have met representatives from U.S. electric carmaker Tesla Inc over reports from consumers about battery fires, unexpected acceleration, and failures in over-the-air software updates, a regulator said on Monday. China’s State Administration for Market Regulation said in a social media post its officials, along with those from the Ministry of Industry and […]
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Retail Asia10/02/2021
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Automotive

January auto imports surge 85 percent in Vietnam

1min0
Auto imports in January rose to 8,343 completely built units worth $212.5 million, up 84.7 percent and 76.2 percent year-on-year, respectively. Most of car imports are from Thailand and Indonesia, at an average price range of VND350 million ($15,000) to VND 1.2 billion. Experts have said that the scale of manufacturing, tax exemptions and affordable […]
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Retail Asia08/02/2021
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Automotive

Ford Says It Will Nearly Double Electric Auto Investment

2min0
Ford announced Thursday it is accelerating its investment in electric cars, but cautioned that the industry-wide shortage of semiconductors would pinch profits in 2021. The US auto giant, released fourth-quarter and annual results and said it plans $22 billion in electric car investment through 2025, nearly twice the earlier plan. The announcement is the latest […]
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Retail Asia08/02/2021
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Automotive

McLaren Artura To Make World Debut On February 16

3min0
McLaren Automotive will bring the full force of its expertise in hybrid powertrain engineering with the introduction of the new Artura. The company revealed its plans to bring the new high-performance hybrid car last year and now it’s closing in on its world debut. The company has revealed that the Artura hybrid supercar will make […]
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Retail Asia04/02/2021
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Automotive

Harley Unveils Turnaround Plan As Shares Nosedive On Disappointing Results

5min0
Harley-Davidson Inc’s shares plunged more than 20% on Tuesday after the motorcycle maker unexpectedly swung to a quarterly loss, overshadowing a new turnaround plan that targets low double-digit earnings growth through 2025. Since the middle of last year, the Milwaukee, Wisconsin-based company has shifted focus back to big bikes, traditional markets like the United States […]
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Retail Asia03/02/2021
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Automotive

Cars, phones deliver one-fifth of Vingroup revenues

1min0
Automobiles and smartphones accounted for 19 percent of private conglomerate Vingroup’s revenues in the last quarter of 2020. This marked a 40 percent year-on-year increase to VND6.9 trillion ($299.45 million). The largest private conglomerate in Vietnam sold 31,500 cars last year, with its VinFast sedan and SUV models among the bestsellers in their respective segments. […]
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Retail Asia27/01/2021
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Automotive

Lotus Confirms New Series Of Sports Cars

2min0
A new series of sports cars is confirmed, with prototype production of the Lotus Type 131 to commence this year from the manufacturing facility in Hethel, Norfolk. The new manufacturing investment is part of Lotus’ Vision80 strategy, which will also see the relocation of two Lotus sub-assembly facilities into one efficient central operation in Norwich […]
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