Author: Central Desk

Audi and bp have announced a comprehensive partnership as Audi gears up for its highly expected entry into Formula 1 for 2026. Set against the backdrop of new FIA F1 Technical Regulations that emphasize enhanced electrification and the use of Advanced Sustainable fuel, aiming to redefine the future of motorsport. Audi, eminent for its dedication to advanced technology, and bp, a leader in the energy sector, are combining their extensive technical expertise to innovate and excel in the demanding world of Formula 1. This partnership represents a mutual goal for sustainability and high performance, with both companies aiming to make…

Chinese carmakers are accelerating their international operations, fueling sustained and stable industry growth abroad. This expansion marks milestones across various regions, underscoring China’s ambition to lead the global automotive industry, particularly in new energy vehicles (NEVs). Geely’s new energy pickup truck brand, Radar, established its first subsidiary in Thailand, marking a bold entry into an independently operated international market. The brand, rebranded as Riddara for international audiences, will debut its models at the Thailand Motor Show this November. Radar began its overseas journey in July 2023, now operating across 17 markets in Latin America, the Middle East, Southeast Asia, Central…

Porsche AG reported stable sales for the first half of 2024, delivering 155,945 sports cars worldwide between January and June. This represents a seven percent decline from the 167,354 cars sold during the same period in 2023, attributed to updates across five of Porsche’s six model series: Cayenne, Panamera, Macan, Taycan, and 911, which affected sales in certain markets. Despite these challenges, Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG, highlited the brand’s resilience and customer loyalty. “With the most powerful model range in the company’s history, we are sending out a clear…

The automotive world continuously evolves, with manufacturers blending traditional driving experiences and modern technological advancements. Subaru’s latest offering, the 2025 Subaru BRZ, exemplifies this balance, particularly in its home market of Japan. The new model introduces several updates that promise to enhance the driving experience while maintaining core attributes enthusiasts cherish. A standout addition to the 2025 Subaru BRZ is the sport button available on manual models. This feature enhances throttle response, providing a more engaging driving experience for manual transmission aficionados. Subaru has fine-tuned the Active Sound Control system to produce a more prominent artificial engine noise in sports…

Hyundai Motor India’s stock is set to draw major attention from institutional investors worldwide. The company’s exceptional financial metrics, surpassing those of competitors such as Maruti Suzuki, a subsidiary of Suzuki Motor Corporation, signal a promising outlook. Analysts anticipate Hyundai’s stock trading at a premium, underscoring its superior return ratios and operational prowess. Outstanding Financial Performance For FY24, Hyundai Motor India’s Return on Equity (RoE) reached an impressive 29.3%, markedly higher than Maruti Suzuki’s 16.8%, M&M’s 20.3%, and Tata Motors’ PV division’s 20.3%, as reported by IIFL. The Return on Capital Employed (RoCE), excluding cash and investments, hit an extraordinary…

The Haval Dargo, Great Wall Motor’s (GWM) first light off-road SUV for the Uzbek market, recently made its grand entrance at a spectacular launch event in the capital city. This marks the fourth model from the Haval brand to debut in Uzbekistan. The Dargo’s unveiling, accompanied by impressive lighting and stage effects, captivated the audience. One attendee remarked that the Haval Dargo’s modern and aggressive appearance will certainly make it stand out among many cars. Vyacheslav, director of the Haval brand in Uzbekistan, presented the first Dargo customers with their vehicles and certificates, expressing gratitude for their support. The first…

Tesla’s shares took an 8.4% hit, landing at $241, following reports that the company postponed the unveiling of its robotaxi from August 8 to a date two months later. The delay results from Tesla’s decision to build more prototypes before the launch. Elon Musk’s latest project, the robotaxi, aims to revolutionize autonomous taxi services. Analysts see it as a potential driver of Tesla’s future growth. Despite the excitement, Tesla faces a mix of substantial challenges and promising opportunities. Market Dynamics and Sales Decline Tesla, known for shaking up the auto industry with its electric vehicles, saw a 6.6% drop in…

Iveco Group announces a cutting-edge research and development partnership with the Luxembourg Institute of Science and Technology (LIST). Operating under the Luxembourg Ministry of Higher Education and Research, this collaboration aims to innovate sustainable and lightweight composite materials for transport applications. Driving Sustainable Mobility The collaboration will leverage the expertise of LIST’s Sustainable Composite Materials and Manufacturing Innovation Centre (SCMM-IC). Co-funded by the Luxembourg Ministry of the Economy and the European Regional Development Fund (FEDER), SCMM-IC focuses on developing materials pivotal for achieving net zero-emission mobility. Engaging in application-driven research and innovation, SCMM-IC works closely with major original equipment manufacturers…

Biden administration will allocate over $1 billion to the electric vehicle projects of General Motors (GM) and Stellantis. This financial investment aims to enhance the production capabilities of these leading automakers, propelling them forward in a rapidly evolving industry. Key Investments and Impact The funding includes $500 million for GM’s Lansing Grand River Assembly plant in Michigan, $334.8 million for Stellantis’ Belvidere Assembly facility in Illinois, and $250 million for Stellantis’ planned EV drive module plant in Indiana. Part of a broader $1.7 billion federal commitment, these projects span eight states and are expected to generate over 2,900 new jobs…

Global technology consultancy Thoughtworks and Amazon Web Services (AWS) released the Software-Defined Vehicle (SDV) Pulse, their inaugural annual report. Drawing from extensive experience and insights, the report aids automotive clients worldwide in the transition to software-defined vehicles. The Shift to SDVs Software now forms the backbone of modern vehicles, enabling capabilities from passenger infotainment to autonomous driving. The SDV Pulse report highlights key technologies, practices, and trends crucial for auto manufacturers and suppliers developing SDV strategies. The report features forty insights, termed ‘pulse points,’ categorized by adoption stages: Concept Phase: Emerging technologies with unproven potential. Early Adoption: Technologies offering significant…