SHIP CARRYING VW GROUP CARS ABLAZE
A ship carrying cars from Volkswagen Group companies, is on fire in the Atlantic Ocean. Conflicting reports state where the fire originated but that this has spread to the rest of the ship, including the cargo. Whilst Porsche has confirmed some of it’s vehicles were on board, it is not clear what other cars are involved. For more information, click the Autocar article here.
RENAULT BACK IN PROFITS
After two tough years and burying the hatchet with Nissan, Renault has returned to profit in 2021. In doing so it has achieved some longer term aims well ahead of schedule. Renault do make it clear that the semiconductor crisis is and will continue to hit business in 2022. To learn more, click here for the Autocar article.
NEW FLOATING LOTUS
Lotus has announced it is going to float the company, which got us all excited that there would be another car/boat model but then quickly dashed on what it actually meant. The plan is to put the EV division on the stock exchange, which they are hoping will be valued at £5-6 billion. If there is enough interest from potential investors, they hope to bring this to the stock exchange in Asian, New York our London within 12 to 24 months. For more on this story, click the Autocar article here.
OLA ELECTRIC OPENS UK BASE
The Indian from, Ola Electric, will open an engineering and design facility in Coventry. Over the next five years the company plans to invest £100 million into the West Midlands site. The site will be called Futurefoundry. To learn about this story, click here for the Autocar article.
ECO FRIENDLY TYRES DEVELOPED
Enso, a new UK company, is bringing their tyre technology to market, in order to break up the traditional models. Their tyre is more efficient for the vehicle, but also harder wearing and thus reduces the amount of pollution. More on this can be found by clicking this link to the Autocar article.
HYDROGEN V8 DEVELOPMENT
Toyota and Yamaha are working to gather to develop a hydrogen-fuelled V8. The project is using a Lexus RC F engine and modifying the injectors, heads, intake manifold and other elements, which ends up with a claimed 449bhp at 6800rpm and 398lb ft at 3600rpm that is almost the same as an unmolested engine. You can learn more about this by clicking here for the Autocar article.
CALLS FOR REGULATED PUBLIC EV CHARGING POINTS
SMMT has called on the Government to implement a seven point plan for regulating public EV charging points or risk failing to...
