A Chinese court has ordered companies to pay BMW hundreds of thousands of dollars after it was found they had registered trademarks found to be too similar to BMW’s intellectual property. A court in Shanghai has since ordered the founder of a Chinese firm, as well as another company to […]
Year: 2016
Volvo raises $500 million in lead up to long-suspected IPO
Volvo’s parent company, Geely, has revealed it has raised over half a billion dollars as it takes its first plunge toward looking at an Initial Public Offering (IPO). Chinese multinational company Geely, who purchased Volvo from Ford Motor Co. back in 2010, has announced today that it has raised 5 […]
Volkswagen to contribute $200 million to pollution fund in U.S.
Volkswagen has agreed to contribute as much as US$200 million into a pollution reduction fund in the U.S. in the ongoing aftermath of the dieselgate emissions scandal. A source closely involved on the settlement told Reuters that Volkswagen agreed to the payment as part of a wider agreement related to […]
Mercedes-AMG GLC 63 V8 to debut at Geneva show, 375kW likely
Prototypes of the much-anticipated Mercedes-AMG GLC 63 have been spotted in Europe again, confirming there is a high-powered V8 model just around the corner for the GLC range. The GLC 63 will be one of only two V8-powered SUVs in the mid-size premium class, joining the equally exciting V8 version […]
BMW 1 M Coupe gets M5 V10 conversion, insane drifting power (video)
Footage has appeared online of what we’re going to say is one of the most impressive engine conversions we’ve seen; a BMW 1 M fitted with a 5.0-litre V10 engine from the car’s big brother, the M5. The BMW 1 M is an undeniably impressive performance car, powered by a […]
Tesla Model S P100D previewed for Electric GT racing
The Electric GT (EGT) racing series has announced it is opening up a separate division of the racing fixture that will accommodate the even more powerful Tesla Model S P100D. Back in September it was reported that the new Electric GT racing series was set to (silently) tear up the […]
Lexus tops 2016 J.D. Power Custer Service Index survey in Australia
Lexus has taken out the top spot in the most recent J.D. Power customer service index survey, with results showing an overall improvement from luxury manufacturers in regard to customer satisfaction while servicing their vehicle. Overall, in Australia, customer experiences have moved in a positive direction for the third year […]
Volkswagen to spend up to US$1.6b on buy-back plan in Canada
Volkswagen has agreed to a buy-back program in Canada worth some US$1.6 billion in the aftermath of the dieselgate emissions scandal. The deal is said to involve a buy-back, fix or compensation deal for the owners of about 105,000 affected vehicles equipped with 2.0 TDI engines produced between 2009 and […]