Renault has announced the signing of a memorandum of understanding (MOU) with Geeling Holding to accelerate Renault’s presence in China in what’s being branded as a “Renaulution Plan”, while supporting Geely’s presence in South Korea. The Renault Group’s MOU with Geely Holding Group, China’s largest privately-owned automotive group, lays out […]
Industry
Biden reverses Trump-era EPA fuel standards, stricter rules proposed
The Biden administration has announced a reversal of Trump-era emissions laws which has seen the EPA introduce new, increasingly stringent fuel standards for passenger cars in the USA. At its base, Biden’s decision increases fuel standards for manufacturers across the board after Trump loosened environmental standards for emissions and mileage […]
Australian vehicle sales for July 2021 (VFACTS)
New vehicle sales are continuing to recover in Australia, with the July 2021 VFACTS new vehicle registration figures showing decent rises compared with last year. During July 2021, 84,161 new vehicles were registered (we’ll call them sales) in Australia. That’s up 16.1 per cent on July last year. Although, that’s […]
Porsche half-yearly sales up 31% in 2021, profit up 127%
Porsche has released its sales and revenue figures for the first-half of 2021, revealing a huge jump in sales that have seen Porsche more than double its operating results. The company says that it has earned 16.53 billion euros in sales revenues, which have translated to an overall operating profit […]
Bentley posts all-time record sales and profit in 2021 first-half
Despite being in the middle of a global pandemic, Bentley has managed to post all-time records in 2021 in terms of first-half yearly sales and profits. Bentley’s first half of 2021 has seen the company report the largest profit margins in its 102-year history of operating, driven by consistent demand […]
ARENA funding to see 400 new EV charging stations set up in Australia
More than 400 public electric vehicle fast-charging stations are set to be constructed and hooked up to Australia’s steadily growing EV charging infrastructure, as ARENA increases its funding envelope to $25 million. The Australian Renewable Energy Agency (ARENA) has announced that $24.55 million will be sent to five applicants to […]
2021 H1: Aston Martin reduces losses, big demand for DBX SUV
Aston Martin has managed to curb the worst of its half-year losses thanks to insane demand for its luxurious DBX SUV, helping the company buck last year’s figures and minimise its 2021 losses. Compared to last year’s figures, Aston Martin has managed to fight off the worst of the financial […]
Volvo reports record global half-year sales in 2021, up 41%
Volvo is having an absolutely cracking year of sales, with the company recording record-setting profits for the first-half of 2021 on the back of a staggering 41 per cent increase in global sales. Volvo posted a 26 per cent increase in revenue and an increase of 9.4 per cent for […]