Brussels has decided to impose swinging new tariffs of up to 35.3 percent on imports of Chinese-made electric cars. Representatives from Beijing and the 27-member bloc have held eight rounds of talks over the issue in Brussels since September 20. “There are still major differences between the two sides,” a ministry statement said, adding that […]
Volkswagen said Monday that it was giving up control of Bugatti, the storied automaker whose absurdly expensive hypercars are worshiped by aficionados but seemed incongruous at a company better known for economical Golfs and Passats. Bugatti, whose Chiron model starts at close to $3 million; will become part of a joint venture between Volkswagen’s Porsche […]
Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two-century-old Ohio manufacturers. According to Goodyear; the transaction will expand the Akron rubber tire marker’s product offering and also create a “stronger U.S.-based manufacturer with an increased presence in distribution and retail channels; […]
Bugatti has officially unveiled the first prototype for its highly anticipated Bugatti Centodieci. The hypercar prototype reportedly costs approximately $12.5 million USD (£9 million GBP). It is a limited-edition tribute to the iconic Bugatti EB110. The Centodieci itself is based on the Bugatti Chiron. Although it had reached the prototype stage, it still requires a […]
What comes to your mind when you think about buying a car in Pakistan – taxes? Duties? Little or almost no safety and quality features or almost no value for your money? That’s right; not only this is what produced and sold but, at the moment; there is no focus at all on the production […]
