Lamborghini is celebrating a significant jump in sales throughout 2021 so far, as the company saw record-setting sales volumes for vehicles delivered through the first nine months of the year thanks to the success of its Urus SUV. All up, Lamborghini delivered a total of 6902 vehicles to customers across […]
Industry
Indebted SsangYong Motors to sell to Korean EV company, about $260m – report
SsangYoung Motors, a Korean manufacturer that has seen its fair share of debt in recent years, is reportedly in talks about a potential sale to an electric vehicle startup company that is just six years old. According to a Nikkei Asia report, SsangYong Motors is looking to clear its debts […]
Hyundai beats Audi, VW & Ford in 2021 Interbrand rankings, Toyota top auto
Korean manufacturer Hyundai has once again climbed Interband’s global brand value rankings by 6.3 per cent year-on-year, rising to a total of $15.2 billion in 2021, marking the seventh straight year Hyundai has earned itself a spot on the top 100 list. The result places Hyundai in front of some […]
Stellantis teams up with LG for 40gWh battery factory in USA
Automotive giant Stellantis has announced a new collaboration with South Korean electronics manufacturer, LG, that will see a new battery plant constructed in North America to power its expanding range of electric vehicles. Stellantis, the parent company of Fiat Chrysler Automobiles and the PSA Group, signed a memorandum of understanding […]
Porsche global sales up 13% across first 9 months of 2021
Porsche is celebrating an impressive three-quarters of 2021 after recording a significant 13 per cent increase in overall deliveries over the same period last year, with consistent demand for its SUV offerings and the Taycan electric sedan. In total, Porsche saw 217,198 units delivered through the first three quarters of […]
Hyundai looking to build its own semiconductor chips, says COO
Hyundai’s chief operating officer has said that the process of making it through the toughest months of the semiconductor shortage has led the company to invest in becoming self-reliant. We’ve been reporting throughout this year that even the world’s largest manufacturers have struggled to maintain production rates in the wake […]
Volvo to raise US$2.9 billion with IPO; Geely remain major shareholder
Volvo has announced its intention to raise up to US$2.9 billion with one of the year’s largest initial public offerings (IPO), going public with Chinese parent company, Geely Holding, remaining Volvo’s largest single shareholder. The Swedish-born Chinese-owned company says that it will list on Sweden’s Nasdaq Stockholm exchange later this […]
Australian vehicle sales for September 2021 (VFACTS)
Yep, it’s that time of the month again. The Australian Federal Chamber of Automotive Industries has released the monthly new vehicle sales stats, in the form of the September 2021 VFACTS new vehicle registrations report. According to the report, there were 83,312 new vehicles registered in September (we’l just call […]