Lotus has received a $17.6 million grant from the UK government to expand its local research and development programs. The grant, awarded to Lotus by the UK Regional Growth Fund (RGF) – a $5.3 million fund to spur economic growth ...
Tags: Lotus, Grant, Future Product Development
The new MINI has made its worldwide debut today (18 November) at MINI’s UK production plant in Oxford and features all-new vehicle architecture , an evolutionary design and a range of new fuel-efficient engines to give owners even ...
Proton plans to substantially increase its international sales over the next five years as the Malaysian manufacturer seeks to expand out further from its domestic market. At the Australian launch of the Proton Suprima S in Sydney last ...
Tags: Proton, domestic market
Automotive companies are being challenged to come up with engine technologies that will make our cars more energy efficient and ultimately change the way we drive, Business Secretary Vince Cable announced today. The £75 million fund ...
Federal Treasurer Joe Hockey has deemed the car industry “back open in Australia” following confirmation that the Coalition Government will scrap the controversial fringe benefits tax (FBT) rule changes proposed by the previous ...
Genovation Cars is pleased to announce its participation in a major research grant awarded by the National Science Foundation to the University of Maryland for $438,418 to support the development of an Advanced-Silicon-Carbide-based, ...
Tags: Genovation Cars, Electric Car
The Federal Government has commenced its review into its support of Australia’s automotive manufacturing industry as it formally seeks to find the best solution for the sector going forward. Federal Treasurer Joe Hockey submitted ...
Tags: Car Industry, Auto Parts
Months of vigorous lobbying from German ministers have resulted in the scrapping of an agreement to cap average new car emissions in the European Union at 95 grams per kilometre by 2020, down from around 130/g/km today. Reuters reports ...
Tags: Scrap Car Emissions, EU Support
Holden has reportedly told the Federal Government that its demands to increase vehicle export numbers are unrealistic. The Australian Financial Review quotes senior government sources that claim Holden has told the government the business ...
Tags: Holden, Increasing Exports
Industry Minister Ian Macfarlane says Australia’s car makers are facing “one hell of a challenge” but is confident they have a long-term future. Macfarlane, South Australian Premier Jay Weatherill and Holden chairman and ...
Tags: Car Makers, Auto Parts
Renault will launch a luxury ‘Initiale Paris‘ sub-brand in China and Europe as part of a bid to push the French manufacturer further upmarket. The Renault Initiale Paris line will rival Citroen’s DS models, and was ...
Tags: Renault, Citroen DS
Italian luxury carmaker Ferrari is planning to invest EUR2bn in a new technology to develop fuel-efficient high-performance engines by 2017. This move of the carmaker is aimed at reducing its CO2 emissions amid the pressure on the entire ...
Tags: luxury carmaker, Ferrari
FAW Group has reportedly signed a Memorandum of Understanding to construct a vehicle plant in Rason, a port city in North Korea's far north east, close to the Chinese and Russian borders. North Korea's car industry is famously almost ...
Tags: Transportation, Auto Parts, Car
Nissan has teased a new concept car, well ahead of its anticipated debut at January’s 2014 Detroit auto show. Shown on screen during a presentation celebrating the Japanese manufacturer’s 80th anniversary at an event in Los ...
Tags: Nissan, Sedan Concept
Prime Minister Kevin Rudd has pledged half a billion dollars for Australia's automotive manufacturing industry in an attempt to give investment certainty to local car makers and shore up their future beyond 2020. Under the 'New Car Plan ...
Tags: Auto, Transportation