A flying car that’s certified for aviation just took another big step towards commercialisation.
The Aircar’s creator, KleinVisiontoday announced the sale of a “groundbreaking” license to manufacture the vehicle.
The deal gives China’s Hebei Jianxin Flying Car Technology Co. exclusive rights to the system within a specific, undisclosed region. Also undisclosed is the cost of the license.
KleinVision says the agreement brings flying cars closer to reality.TNW Conference 2024- 2for1 offer this week only!
Don’t miss out on the world-class speakers. Secure your 2for1 tickets before 23 April.The Slovakian startup already has a certificate of airworthiness for its…
Author: Dara
From Ferrari to Lamborghini: Exotic Cars That Impress Anywhere
Exotic cars are not just vehicles. They are rolling art made to turn heads and make any moment feel bigger. Whether you are pulling up to a hotel, arriving at a party, or stepping into a photoshoot, the right exotic car changes the whole mood. Two names stand out more than most—Ferrari and Lamborghini. But they are only part of a larger world of cars that impress anywhere you go.Ferrari: Sharp, Fast, and TimelessFerrari is known for smooth design and racing style. Most Ferraris look sleek and clean, like they are moving fast even when parked. People love…
Difficult start to 2024 for used BEVs
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01 February 2024
Battery-electric vehicles (BEVs) experienced a difficult January across many of Europe’s major used-car markets. Autovista Group experts consider powertrain performances, including residual value (RV) trends and days to sell.
RVs of all-electric models presented as a percentage of the original list price (%RV), experienced a troubled start to 2024. Set against a…
Can dealerships force you to finance?
A Kitchener, Ont. woman discovered that some dealerships didn’t want her cash while shopping for a new car.
Sharon Tanti had her sights set on a vehicle at a Guelph dealership. But she was faced with a roadblock when she went to pay for it in cash.
“The guy was like ‘what’s this?’ And I’m like ‘payment for the car,’” said Tanti, recalling a conversation with the salesman.
She says she told her she had to finance the vehicle.
“He’s like ‘you can’t do that. We get money when we finance the cars.’ And I’m like ‘that’s not my problem,’”…
UAW: 13,000 auto workers go on strike. What’s at stake
DETROIT (AP) — About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers.
The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis. They want to get back concessions that the workers made years ago, when the companies were in financial trouble.
A small percentage of the union’s 146,000 members walked off the job at a GM assembly plant in Wentzville, Missouri; a Ford factory in Wayne, Michigan, near Detroit; and a Stellantis Jeep plant in Toledo, Ohio,…
Steer Automotive attracts European investors as Keyhaven exits
Private equity firm Keyhaven Capital Partners has agreed to sell its equity stake in independent collision repair group Steer Automotive to pan-European private equity investor Oakley Capital.
The bodyshop group’s founder Richard Steer and the current management team will continue to lead the business and are reinvesting alongside Oakley. As part of the transaction, Oakley will acquire the shares held by Keyhaven Capital Partners and Chiltern Capital.
Since Capital’s and Keyhaven’s investments in 2021, Steer completed 18 acquisitions to create a network of over 100 repair centers across the country. The group has expanded from its core passenger car repair…
Auto shops struggling to find trained mechanics amid national shortage: ‘It’s really getting scary’
It’s taking longer than usual, and costing more, for people to get their cars fixed in auto shops. That’s because there’s a national shortage of trained auto mechanics.If you need to take your car into the shop, the work could take longer than usual.
That’s because there’s a nationwide shortage of auto mechanics, which is causing a backlog in repairs.
Seasoned mechanics are retiring at an increased rate posing a challenge for shops attempting to fill vacant positions.
USED CAR PRICES DROP FOR SECOND STRAIGHT MONTH
“It’s been tough, especially since the pandemic,” said Emily’s Garage Manager Nolan Bailey.…
VW, Renault, Stellantis face China pressure to team up on EVs
As pressure builds on European automakers to sell more EVs, China’s state-supported manufacturers are entering the cooling market with models that are often better and cheaper.
BYD’s Dolphin, for example, is listed at about €7,000 less than a similarly equipped VW ID 3, which the German automaker originally pitched as the Beetle of the EV era.
The Chinese manufacturer will underscore its European ambitions by showing off several electric models at the Geneva auto show next week, including a luxury SUV rivaling the Mercedes-Benz G-Class.
Failure for Europe’s automakers to come up with a working Plan B risks rising in…