Toyota to stop selling diesel cars in Europe this year

Businessam StaffMarch 6, 2018

Toyota is joining the list of manufacturers dropping diesel from their passenger car lineups. The brand has confirmed that it’s phasing out diesel passenger vehicles in Europe over the course of 2018, starting with cars like the Auris, according engadget’s report. The company will keep diesel commercial vehicles like the Hilux truck, Land Cruiser SUV […]

Weak pound, global growth drive manufacturing rebound

Businessam StaffJanuary 8, 2018

Manufacturers in the UK are celebrating a surge in growth as the strong global economy combined with the weak pound pushes up demand for British goods. Industrial production – which includes manufactured goods as well as output from mines and energy firms – is thought to have risen by 0.4pc in November, returning to growth […]

Volkswagen to retain spot as world’s top car maker

Businessam StaffJanuary 8, 2018

Volkswagen Group is expected to retain its position as the world’s largest car maker in 2017, increasing its lead over Toyota. Internal sales estimates from VW Group – which includes the Audi, SEAT and Porsche marques – predict global sales of 10.7m vehicles for last year, according to reports in the German media. This would […]

California bill seeks ban on fossil-fueled vehicles by 2040

Businessam StaffJanuary 4, 2018

California would ban the sale of new cars and trucks powered by fossil fuels in 2040 under legislation introduced Wednesday in the state legislature. “We’re at an inflection point: we’ve got to address the harmful emissions that cause climate change,” Phil Ting, Democratic assembly member, the bill’s author, said in a statement. If the measure becomes […]

China plans to kill local subsidies for electric cars

Businessam StaffDecember 18, 2017

China is planning to tell local governments to stop offering subsidies for electric cars and other new-energy vehicles, according to a report by Bloomberg, a move that could undermine demand for autos made by companies including BYD Co. and BAIC Motor Corp. The Ministry of Finance is working on a plan that would mandate authorities […]

Lamborghini, MIT building self-healing electric sports car

Businessam StaffDecember 12, 2017

The next super sports car is being built as we speak, not in a manufacturing plant, but in a lab at Massachusetts Institute of Technology (MIT). Arguably the greatest university in the world in the fields of engineering and tech, MIT is collaborating with Lamborghini on a new electric design concept: Lamborghini of the Terzo Millennio. As […]

UK factories boom on global car demand

Businessam StaffDecember 8, 2017

U.K. manufacturers extended their winning streak in October as foreign demand sent car production to a record, according to figures published Friday. Factory output rose 0.1 percent from September, marking six consecutive increases for the first time since modern records began in 1997, the Office for National Statistics said. Overall industrial production was unchanged as […]

Ford plans deal with Alibaba to sell passenger cars online in China

Businessam StaffDecember 7, 2017

Ford Motor expected to sign as early as Thursday a deal with Alibaba Group Holding, which may allow the US carmaker to test selling cars to consumers in China through Alibaba’s online retail arm Tmall, as well as via a new “auto vending machine” store concept, according to a Ford source familiar with the matter. […]