Tag: Auto

  • Korean firm invests in Vietnam car-wash chain

    Korean firm invests in Vietnam car-wash chain

    South Korean oil refiner GS Caltex Corp has bought an 11.56 percent stake in car-wash startup Vietwash for $1.7 million. Nguyen Thanh Duong, founder of Vietwash, said the money would be used to double the number of outlets to over 100 in the next few years.

    It now offers car and motorbike wash services at 51 locations in Ho Chi Minh City and central Da Nang City.

    Hur Joon-hong, GS Caltex executive vice president, said his company would help Vietwash develop an automatic car maintenance system and expand.

    Vietwash, which began operations in 2014, claims to be the first car-wash chain in Vietnam and serves 1.3 million customers a year.

    In 2016 it received an investment of $1 million from private-equity firm Vietnam Investments Group. GS Caltex has been selling vehicle lubricants in Vietnam since 2017.

  • Tesla To Buy German Battery Assembly Maker

    Tesla To Buy German Battery Assembly Maker

    Tesla, the California-based electric vehicle manufacturer will soon be acquiring a German battery assembly manufacturing company. As per a report filed by Reuters, the EV maker has agreed to buy ATW Automation company, which is a subsidiary of the Canadian ATS Automation Tooling Systems Inc. It majorly focuses on assembling battery modules and packs for the auto industry. As per a German media report in September, the company was on the brink of liquidation due to a massive slump in orders.

    Last month, the company announced that certain assets and employees at one of its Germany-based units would be sold and transferred to a third party. However, the company did not disclose the name of the company. Based in western Germany, ATW has completed over 20 battery production lines for international automakers.

    As far as Tesla is concerned, the company plans to ramp up battery production in the coming year. And, the EV maker recently confirmed during an event that it would sharply reduce the cost of battery packs within the next three years. The company is also building its third Gigafactory near Berlin, which will also include a battery plant. It also aims to initiate construction at its new vehicle factory in Texas later this year.

    Tesla’s future product line-up includes the light-duty Cybertruck and the Semi truck. Both vehicles will require higher battery capacities. The company on Friday announced that it had delivered over 1.39 lakh vehicles globally in the third quarter and aims to sell half a million vehicles by the end of 2020.

  • Red Bull Spent Two Times More In 2019 Than What It Will Be Allowed In 2021

    Red Bull Spent Two Times More In 2019 Than What It Will Be Allowed In 2021

    Red Bull spent $305.04 million dollars in its 2019 campaign to win the F1 world championship which is reflective of the challenges that the big teams are up against in light of the upcoming budget cap that’s incoming. Next season teams will be only allowed to spend $145 million, though this number doesn’t include things like driver salaries. This number was also achieved after a minor reduction of $2.95 million from 2018 which was preceded with years of increasing expenditure. The big three teams – Mercedes, Ferrari, and Red Bull are all in for major restructuring as the budget cap will not allow them to spend as much on their F1 programs. Ferrari has also revealed that it is willing to explore participating in the Indy Car franchise to transfer some of its staff from F1.

    “The directors consider race performance, Championship performance, and a controlled cost base to be principal key performance indicators to assess progress towards strategic goals,” said Red Bull team boss Christian Horner.

    “Costs remain under control and the team is mindful of adaptions necessary for new financial regulations coming into force for 2021,” he added.

    Red Bull’s racing unit remains profitable but just slightly as it made a profit of $0.79 million which is peanuts in the scheme of things. This number also fell when compared to what Red Bull made in 2018. It made $1.18 million in that year when it also finished P3 in the constructor’s world championship behind Mercedes and Ferrari.

    Even these numbers are complicated as Red Bull’s association with its parent company Red Bull Technologies is complex as it employs and hires a lot of the designing and manufacturing staff. The complications are compounded by the fact that Red Bull Technologies is the parent behind the sister AlphaTauri team and also works with Aston Martin on the Valkyrie project.

    The 2010, 2011, 2012, and 2013 world championships were won by Red Bull with Sebastian Vettel becoming world champion four years in a row, till 2014 ushered in the new hybrid era of F1 engines and Mercedes started to dominate.

  • BMW 4-Series Convertible Unveiled

    BMW 4-Series Convertible Unveiled

    The BMW 4-Series broke cover in June this year and was followed by the M4 earlier this month. Now, we get to see the 2021 convertible version of the BMW M4 which looks even sexier, and somehow the grille looks relatively better on the convertible as compared to the coupe of performance coupe from which it’s been carried over. This time around, the 2021 BMW M4 Convertible gets a soft-top which is 40 percent lighter compared to the hard-top in its predecessor. Now that has also liberated 34 liters more space in its boot at 255 liters and marginally more headroom as well.

    The roof can open or close within 18 seconds and at speeds of up to 50 kmph. The M440i also gets a remote key function for the roof as standard while it’s optional on the 430i. The top is finished in black as standard and you also have the option of a moonlight black top that has a metallic shimmer, which looks more stylish. Other than its marginally reduced height thanks to the soft top, the convertible measures equal to the coupe in other dimensions. Then, BMW has given it some updates to up its torsional rigidity like stiffer side skirts, an Aluminium shear panel at the front, and reinforced transmission tunnel, and a rigid rear floor plate. The engineers also put attention into extra noise reduction with a focus on the intake system, engine cover, and underbody.

    The engines are carried over from the 4 coupe range as well. The 430i gets a 2.0-liter, four-cylinder, turbocharged engine that belts out 252 bhp 400 Nm of peak torque. The rear-wheel-drive convertible clocks triple-digit speeds in 5.9 seconds while the top speed is limited at 209 kmph which can be further increased to 249 kmph. The range-topping M440i has a 3.0-liter, inline six-cylinder, turbocharged engine which is coupled with a 48-volt mild-hybrid system and it develops 377 bhp and 500 Nm. The rear-wheel-drive model clocks triple-digit speeds in 5.0 seconds while even here the top-speed is limited to 209 mph as standard while can be upgraded to 249 kmph. Both engines are mated to an eight-speed automatic transmission while the M440i also gets a M Sport rear differential as standard.

  • Tesla To Support The Electricity Grid Soon In The Future

    Tesla To Support The Electricity Grid Soon In The Future

    Tesla has announced that in the future its electric cars will be able to feedback the stored energy back to the electricity grid. Tesla’s Model S Long Range Plus model can drive up to 644 kilometers using its 100 kWh battery which is often not fully utilized by its owners unless they plan on going on a long trip. While Tesla’s CEO Elon Musk hasn’t specified when it is coming, he did say at its battery day event that the feature was in the works. The billionaire however clarified that this feature wouldn’t be game-changing as the very concept of electric mobility.

    “Vehicle-to-grid sounds good, but I think actually has a much lower utility than people think,” Musk said.

    Musk instead was of the belief that users should start augmenting the electricity that comes in the household with Tesla’s PowerWall which is a battery-based electricity solution that Tesla sells in the US augmented with solar panels. “I think it’s actually going to be better for people’s freedom of action to have a Powerwall and a car,” said Musk.

    Using the PowerWall, users can even go off-the-grid and be fully self-sufficient on their power needs. That being said, having a Tesla with a 100 kWh battery at home can be very handy in the case of a blackout.  “The amount of energy storage you have driving on four wheels is much more than any electric utility will ever build and put on the grid,” says Gerbrand Ceder, a professor of materials science and engineering at the University of California, Berkeley.

    “So it now starts to make sense that you use this as a resource to stabilize the grid,” he added.

    This news comes as Tesla also announced its new tabless batteries which are more efficient and powerful. Tesla also announced that it was developing a new vehicle at the $25,000 price point which may even have the potential to come to India.

  • Driver Arrested For Sleeping While Tesla Was On Autopilot At 140 kmph

    Driver Arrested For Sleeping While Tesla Was On Autopilot At 140 kmph

    A Tesla driver in Alberta, Canada was arrested for sleeping while the car was cruising at 140 kmph on the Autopilot. “Alberta RCMP received a complaint of a car speeding on Highway 2 near Ponoka. The car appeared to be self-driving, traveling over 140 km/h with both front seats completely reclined & occupants appeared to be asleep,” posted the official RCMP twitter account.

    “The driver received a Dangerous Driving charge & summons for court,” tweeted the RCMP. In a more detailed report on its own website, it was revealed that the driver was a 20-year old whose license was suspended for fatigue. “Although manufacturers of new vehicles have built-in safeguards to prevent drivers from taking advantage of the new safety systems in vehicles, those systems are just that – supplemental safety systems,” Superintendent Gary Graham of Alberta RCMP Traffic Services stated in the RCMP report. It also noted that Tesla’s didn’t come equipped with self-driving systems and onus is still on the driver to drive the car.

    Tesla itself doesn’t allow its users to implement the Autopilot feature for full autonomous use. It also adds a number of safeguards such as reminders and requires the driver’s hand on the steering wheel frequently for staying enabled. That being said, many users have proven the ability to manipulate the system and the same has been pointed out by many on Twitter who noted that this was probably a prank.

    This comes at the backdrop of Tesla’s founder claiming that a big update for its autonomous capabilities is in the works thanks to the neural network it is running on the DOJO supercomputer. The latest Tesla’s run its FSD chips for its autopilot capability while the older ones are based on Nvidia’s semiconductors. Next week, Tesla is also slated to announce some big updates related to its battery tech at its battery day event.

  • Hero Electric Ties Up With GoWash To Provide Electric Scooters

    Hero Electric Ties Up With GoWash To Provide Electric Scooters

    Hero Electric has partnered with Nagpur-based doorstep vehicle washing and auto detailing service provider GoWash. As part of the partnership, professionals of GoWash will use customized Hero Electric NYX HS500 ER electric scooters fitted with a dedicated compartment box at the rear while going for doorstep detailing and washing service. GoWash aims to start with 12 washing vehicles and provide service to 1,500 customers in September 2020. Later, they will be deploying 50 washing vehicles and aim at providing service to 6,000 customers by November 2020 in Nagpur city.

    Speaking on the partnership, Sohinder Gill, CEO, Hero Electric said, “Hero Electric is proud to partner with GoWash as this collaboration further strengthens our mission of providing eco-friendly mobility solutions to people. Hero Electric has always been an advocate of adopting sustainable practices by using electric mobility and GoWash has proven to have the best expertise in auto-detailing services while nurturing environmental practices. With this, we aim to expand the horizon for the adoption of electric vehicles and are excited to support GoWash in its vision.”

    Yashwant Budhwani, Founder and CEO of GoWash said, “For us at GoWash, it is not about being the No.1; it’s about being the best. best in service to the customers as well as create the best employment platform. All in all, we want to make this planet a better living place.”

    GoWash plans to expand its operations to Bengaluru in 2021. Customers can book a service on the company’s smartphone application. Along with vehicle washing services, GoWash also provides where customers can avail ceramic and PU coating services at nominal rates.

  • Auto sales down with 25 percent

    Auto sales down with 25 percent

    Auto sales fell 25 percent year-on-year in the first eight months to 151,903 units due to the continuing impacts of the Covid-19 pandemic. Passenger cars accounted for 109,694 units, followed by commercial vehicles and special-purpose vehicles, according to the Vietnam Automobile Manufacturers Association (VAMA).

    Sales in August, when Vietnam saw a fresh eruption of Covid-19 linked to central Da Nang City, fell 14 percent from July to 20,655 vehicles. This ended a rise in sales for three consecutive months from May. April sales had plummeted after the government imposed social distancing.

    Local brand Truong Hai Auto (Thaco) retained the top spot even as its year-to-date sales fell 16 percent to 49,940 units for a 34.3 percent market share.

    It was followed by Toyota with 34,743 units and Honda with 14,850 units, both down nearly 30 percent. Mitsubishi and Ford rounded off the top five. On June 28 the government cut first-time registration fees by half for locally made vehicles to foster sales amid the pandemic. The reduction will last through this year before returning to old levels on January 1, 2021. Auto sales had risen 11.7 percent year-on-year to 322,322 units last year.

  • Tesla Launches Fast Electric Car Charging In Berlin

    Tesla Launches Fast Electric Car Charging In Berlin

    Managers at electric carmaker Tesla Inc on Thursday demonstrated new supercharger equipment on a Berlin research campus, saying they were looking at more target cities to attract potential buyers worried about access to charging.

    “Now, as part of our commitment to make Tesla ownership easy and convenient for everyone including those without immediate access to home or workplace charging, we are expanding out supercharging network into city centers,” said Jeroen van Tilburg, manager Europe of charging infrastructure at Tesla.

    A company spokesman told reporters Tesla would open at least one more inner-city fast-charging site in Germany in 2020, possibly more.

    He stressed that Tesla still believed in the slow workplace and residential charging as the main way to charge vehicles but wanted to offer a quicker option.

    The so-called V3 charger allows Tesla Model 3 cars to charge within five minutes enough to travel 120 kilometers (75 miles). Older Tesla models would receive relevant software upgrades. German policymakers aim to boost the demand for electric cars to cut emissions.

    “We have a lot to make up for in terms of charging infrastructure,” said Germany’s Economy Minister Peter Altmaier at the event.

    He reiterated pledges to speed the roll-out of public charging points and permits for private charging which had hampered sales in the past.

    The latest legislation for a green-led recovery after the coronavirus crisis offers buyers incentives and helps bump up power grids.

    Tesla has chosen a site near Berlin for a new factory due to start operating next year.

    Separately to the event, the Frankfurter Allgemeine Zeitung newspaper said on Thursday the factory had the potential to create 40,000 jobs, citing the economy minister of Brandenburg state.

  • Companies Carmaker VinFast posts $284 mln loss

    Companies Carmaker VinFast posts $284 mln loss

    Vietnamese automaker VinFast posted a loss of nearly VND6.6 trillion ($284 million) in the first half, up four times year-on-year.

    The subsidiary of Vietnam’s largest private conglomerate Vingroup saw owner’s equity rising 10.8 percent year-on-year to VND28.1 trillion ($1.2 billion) by the end of June. Its asset value by the same date was over VND100 trillion.

    Pham Nhat Vuong, chairman of Vingroup, had earlier said that losses were expected for both automaker VinFast and smartphone producer VinSmart over the next three to five years as they work to increase their market share.

    Vingroup recorded H1 revenues of VND6.58 trillion from cars, electric bikes and smartphone sales, triple that of last year.

    VinFast has recently entered the luxury market with its new SUV, VinFast President. The company sold over 5,100 cars in the first quarter to rank fifth among auto brands in Vietnam.

  • Social distancing sparks flurry of in-car accessory sales

    Social distancing sparks flurry of in-car accessory sales

    Car accessory sales are increasing in South Korea as the coronavirus pandemic continues to rage on and people spend more time in their vehicles to avoid physical contact.

    Online shopping giant 11St reported that over the past two weeks, sales of laptop/book stands for cars and multipurpose seat pockets jumped by 27 percent following the spike in confirmed coronavirus infections between August 18 and 30.

    Cup-holder sales jumped by 19 percent over the same period. Do-it-yourself car wash kits also gained popularity among consumers and car shampoo sales jumped by 53 percent, while washing tools and towels sales increased by 16 percent and 27 percent, respectively.

    Sales of other indoor car-cleaning tools jumped as well: portable vacuum cleaners by 24 percent, air purifiers for cars by 38 percent and car air fresheners by 21 percent.

    The majority of the increase in car accessory sales appears to be via online platforms.

  • Ford Is Developing Technology Which Could Predict Accidents

    Ford Is Developing Technology Which Could Predict Accidents

    Ford is developing a technology in the UK that could make road travel in the urban jungle safer and easier reports the Drive in Australia. Ford’s technology is said to have the ability to ‘foresee traffic incidents’ and present them from happening.

    Ford Mobility has formed an alliance with a group of bodies that consist of councils, transport bodies and universities to create a predictive road safety tool that utilizes data from local authorities, roadside sensors and connected vehicles to identify the high-risk hotspots.
    The program which is 18 months old had received its funding from the UK government. The program will collect data from 700 connected vehicles both commercial and passenger. This also includes the 100 roadside sensors, across Oxfordshire and London.

    The plan is to collect data which is gathered from driver’s brake or accelerator pedal pattern usage, to steering wheel angular use, how cyclists play on the roads and pedestrians alike and any near-miss incidents.

    The tool not only will define the hotspots of accident-prone areas but it will also predetermine the causes that result in accidents in that zone which are defined as hotspots. It will prepare the councils of that area to take preventive measures.

    The predictive solutions and improvements could include the introduction of red-light cameras at high-risk intersections. Initiatives like removal of nearby trees or the plantation on the intersection to improve the sensors to collect the data of the vehicles plying or any accidents happening could also be in the mix. They are also planning to raise the height of the signages for the drivers to have better visibility of the caution.

    The insights and analysis will be used to further prove and develop the digital road safety algorithm and tool into a scalable, commercial product to benefit cities and citizens around the world, the manufacturer said in a statement.

    The consortium will also seek to uncover further real-world applications for predictive road safety-related insights. Similar operations are being planned in partnership with authorities in places like Cologne in Germany, and Valencia in Spain.

  • Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asian online used car trading platform Carsome has launched its new Carsome Experience Centre in Kuala Lumpur.

    The move signals the opening of the firm’s B2C segment, introducing a highly digitized and transparent car-purchasing process, aimed at addressing consumer distrust when buying second-hand cars. The firm works to enhance trust and assurance throughout the industry’s supply chain in the areas of sourcing, financing, retailing, and after-sales services.

    “We want to create an end-to-end trusted experience for consumers when it comes to buying used cars,” said Carsome co-founder and CEO Eric Cheng.

    “Our Car Purchase Preference Survey showed that 70 percent of car buyers want detailed information on car condition; 60 percent appreciate an extended warranty; and 40 percent value test drive experience and money-back guarantee.”

    The firm offers a one-year warranty and five-day money-back guarantee on selected vehicles. The service also features a home-delivery option. Test drives take place in a controlled setting from the Experience Centre.

    “Carsome’s B2B business has solved a persistent issue for used-car dealers when it comes to sourcing inventory,” said Cheng. “With the launch of our B2C segment, we are now creating a new customer-acquisition channel for our partner dealers to remarket and sell more cars through our extensive marketing reach. This is an exclusive, value-added service to our partner dealers, who can now list their cars on Carsome website for free.”

  • Rolls-Royce Announces New Brand Identity

    Rolls-Royce Announces New Brand Identity

    Rolls-Royce has announced its new brand identity and this new identity continues Rolls-Royce’s journey from automotive manufacturer to a house of luxury. In recent years, Rolls-Royce has experienced change at a quicker rate, and with the portfolio of cars now expanded to five models, the company is looking at a diverse and discerning crowd. It is no surprise, therefore, that the age and demographic of the marque’s clients have decreased significantly to an average of just 43.

    Torsten Müller-Ötvös, Chief Executive, Rolls-Royce, said, “As the marque’s digital presence increases, there has never been a more important time for the visual language of the company to reflect our standing as the leading luxury brand in the world. We have embarked on a fascinating journey of modernizing our brand identity to echo those changes seen in our portfolio, our client demographic, their lifestyle, and the luxury world that surrounds them.”

    Rolls-Royce appointed Marina Willer, partner at Pentagram to create a new brand identity that could move beyond the mechanics of being the ‘Best Car in the World’, and also define the very pillars of luxury the company is known for. Pentagram embarked upon a deep exploration of Rolls-Royce, including its products – both new and old, its design ethos, its designers, clients, and a lot more.

    Willer was able to approach the re-design from a completely fresh perspective and the new look celebrates the luxuriousness of the brand while providing it with the means to visually communicate with Rolls-Royce’s younger, increasingly diversified audiences.

    The Spirit of Ecstasy, which has graced the prow of Rolls-Royce Motor Cars since 1911, will now gain increased prominence in the marque’s brand identity. The original figurine was drawn and sculpted by British artist Charles Sykes. In homage to this historical commission, Chris Mitchell, a leading illustrator of brand and identity icons, was called upon by Pentagram to envisage the distilled form of the iconic statuette. Working closely with Pentagram’s direction, Chris, paid close attention to her proportions which embrace strength and power that cannot be deemed fragile or meek. When depicted in two-dimensional form, her direction has changed from left to right, boldly facing the future, reflective of the marque itself.

    When choosing a color palette for the new identity, Pentagram’s design team initially turned its attention to the company’s products. It was drawn to purple hues, specifically those with a deep and majestic tone. Historically rare in nature and with roots in mythology, art, piety and royalty, purple has always signified wealth and power. A metallic Rose Gold is chosen to complement this color.

    The badge, representing Rolls and Royce, the marque’s founding fathers, is known worldwide as a symbol of engineering excellence and the very best of human endeavor. It is no surprise, therefore, that this famed signifier remains unchanged. The Badge of Honour will reside on the marque’s products alone – reserved solely for the precious creations born at the Home of Rolls-Royce in Goodwood, West Sussex.

  • Porsche Launches Investigation Into Suspected Engine Manipulation

    Porsche Launches Investigation Into Suspected Engine Manipulation

    Volkswagen’s luxury sports vehicle unit Porsche AG has launched an internal investigation into the suspected manipulation of petrol engines, German weekly Bild am Sonntag (BamS) reported. Porsche has informed Germany’s automotive watchdog KBA, the Stuttgart prosecutor’s office, as well as U.S. authorities of suspected illegal changes to hardware and software that could affect exhaust systems and engine components, the paper said.

    “Porsche is regularly and continuously reviewing technical and regulatory aspects of its vehicles,” a Porsche spokesman said. “As part of such internal examinations, Porsche has identified issues and has, just like in the past, proactively informed authorities.”

    The spokesman said that the issues relate to vehicles developed several years ago, adding that there were no indications that current production was affected. The carmaker is working closely with authorities, he said.

    BamS, not citing where it obtained the information, said that engines developed between 2008 and 2013 were the subject of the investigation, including those of the Panamera and 911 models. As part of such internal examinations. Porsche has identified issues and proactively informed authorities.

    The paper also said that apart from discussions with employees, meeting protocols and hundreds of thousands of emails were being examined in search of evidence, adding KBA has launched an official investigation.