McLaren Automotive appoints Michael Leiters as CEO
British luxury supercar and hypercar maker McLaren Automotive announces the appointment of Michael Leiters as its new Chief Executive Officer from 1 July, 2022. German-born Mr Leiters, 50, holds a doctorate in engineering and has held senior positions at Porsche AG and, more recently, was Chief Tech
GM Middle East Hits High Gear with 95% Reduction in Carbon Footprint
Through a series of green initiatives, GM Middle East is doubling down on decarbonization, saving 2,000 metric tons of carbon dioxide annually by 2024. By 2035, GM will have reduced CO₂ emissions by 24,000 metric tons in the UAE, equivalent to planting approximately 876,000 trees, also GM Middle E
GM and Honda to Build Millions of Small Electric Vehicles under US $ 30 K
The two companies announced on Tuesday that they will team up on electric car development with the goal of selling millions of low-cost electric vehicles. All of the vehicles will rely on a shared battery architecture, but they will be continue to be branded distinctly as either GM or Honda cars. Th
Bentley to roll out one Electric Car Annually Starting 2025
Luxury carmaker Bentley unveiled plans to build a new electric model annually for five years from 2025 after its annual profit skyrocketed, as the British firm builds on parent Volkswagen’s push to broaden electric offerings.Bentley posted a profit of 389 million euros ($427.1 million) for 202
VW faces US $ 155 M Losses from Ship Fire
The cargo ship that caught fire last week carrying about 4,000 Volkswagen vehicles could cost the automaker at least $155 million, according to one consultant’s estimate. Of the roughly $438 million total value of goods aboard the Felicity Ace, which went up in flames off the coast of Portu
Thousands of VW Group Cars adrift on Burning Cargo Ship
A cargo ship carrying thousands of new cars bound for the US caught fire on Wednesday. Its crew was evacuated, but the vehicles are still on board. The Volkswagen Group confirmed nearly 4,000 of its vehicles are on the ship. Porsche, Audi, Volkswagen, and other vehicles may be onboard.
Ferrari is about to join the Metaverse
Ferrari, an iconic automaker in the real world, is now looking to bolster its brand in the metaverse. The Italian maker of luxury cars has set up a department focusing on digital services that’s exploring opportunities arising from the space that blends virtual reality, gaming and social media, CE
Cadillac V-Series Lineup Expands to Include Escalade
The 2023 Cadillac Escalade will be the first SUV to don the high-performance V-Series badge. With nearly two decades of racing-inspired prowess, the V-Series designation is reserved for vehicles that encompass the peak of Cadillac performance, bold, distinguished design, and innovative technology.
GM Africa & Middle East Announces New Executive Appointments
General Motors Africa & Middle East is proud to be a forerunner in ushering in the future of mobility across the region and has today announced updates to its Executive Team to support its vision of Zero Crashes, Zero Emissions and Zero Congestion. These changes are in immediate effect. Sajed S
Ford’s Market Cap tops US $ 100 B for the First Time ever
Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week high in Thursday morning trading.Ford’s shares jumped by as much as 4.6% to $25.59, hitting another 20-plus-year high. Its market value was about $102 billion as of 11:10 a.m. Th