After two years of losses, the Renault Group returned to profitability in 2021 and reached a number of long-term financial targets earlier than it had anticipated. In revealing last year’s financial performance, Autocar said the company highlighted that it “has achieved an operating margin above 3% two years ahead of schedule, reduced fixed costs by €2 billion (£1.67bn) a year early and reduced its break-even point by 40% compared with 2019.” (Source: Autocar) Read the original story…
A strongly worded letter has been sent to Minister of Finance Chrystia Freeland urging the government to clarify crucial details of the imminent federal luxury tax on vehicles, slated to begin on September 1st, or delay the implementation of the …
General Motors dealerships have repaired thousands of Tesla electric cars, GM claimed in its annual investor day presentation. First spotted by Barron’s, a slide in the presentation simply reads “11,180 repairs on Teslas” without elaboration. Some level of context came …
Audi has revealed EV charging cubes composed of dismantled test vehicle batteries at its Neckarsulm plant in Germany, enough for 72 charging points. As part of this energy storage system, each cube houses 198 battery modules with enough space inside …
Reducing the charging time of electric vehicles is crucial to increasing their popularity with the general public. In order to do so, FLO, a Quebec-based manufacturer of electric vehicle charging stations has unveiled a new model of charger that could …
Over the years, Ford’s pony car has gained performance and sophistication, sometimes at the expense of old-school character. Now, the new 2024 Ford Mustang is getting further from its roots by losing its AM radio receiver as controversy over the …
The Lightyear 0 promised a solar skin that could give the EV up to 43 miles of range per day, a drag coefficient of 0.175 Cd, and a battery with the highest energy density of any production electric car. The …
