All is not good for the British firm though. There's finally some good financial news to report regarding Jaguar Land Rover . The beleaguered British manufacturer has just turned its first profit in a year. It had a net income of £119 million in the first quarter of this year, with its pre-tax profit being £269 million. However, for the last full financial year as a whole, Jaguar Land Rover posted a loss of £3.6 billion. More on Jaguar Land Rover No, PSA is not buying Jaguar Land Rover from Tata Motors Jaguar Land Rover looking to the US for positivity amid struggles After a raft of cost cutting measures and an anticipated increase in Chinese demand, Jaguar Land Rover owner Tata expects the business to return to profitability by the end of the current financial year However, that increase in Chinese demand hasn't been achieved yet, with sales in the country dropping by 46 percent last month, raising questions over whether Jaguar Land Rover would … [Read more...] about Jaguar Land Rover finally posts a profit
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By the time the current 2.2-liter V6 twin-turbo regs expire at the end of the 2022 season, they will have served the NTT IndyCar Series for 11 seasons, with Chevrolet and Honda finding ever-smaller areas in which to improve and gain an edge. With displacement increasing to 2.4-liters, an increase in boost from the twinned BorgWarner turbos and the addition of a KERS hybrid unit, IndyCar is aiming to hit 900hp, and IndyCar president Jay Frye said recently that he expects the series to be “pushing” that figure – on road and street courses – soon into 2023. Buckner commented today: “Somewhat lost in the 2.4-liter transition is the fact that we’re going up in base boost as well. “It’s easy to think that we’re going up roughly 10 percent in displacement and so we’re going to go up 10 percent in power, but we’re also going to start operating at 1.6-bar as the standard for road and street courses from 1.5-bar. “And put all that together with the hybrid unit and I think fans … [Read more...] about Chevrolet: IndyCar fans will approve of hybrid power jump
Home Two wheelers oi-Promeet Ghosh By Promeet Ghosh Published: Friday, April 16, 2021, 14:03 [IST] Okinawa Autotech has announced a strategic partnership with Welectric. Welectric is a company engaged in the business of providing electric two-wheelers on lease rental to various corporations and individuals. With this partnership, Okinawa and Welectric will collaborate to focus on working with companies involved in last-mile delivery operations across the country. Commenting on the partnership, Jeetender Sharma, MD & Founder, Okinawa Autotech, states "We are thrilled to partner with Welectric, a digital enabler in the sales, finance, maintenance, and aftermarket services for electric two-wheelers. With the rise of ecommerce and last-mile deliveries fueled by the COVID-19 pandemic, it has become imperative for businesses in the delivery segment to consistently innovate, reduce operational costs, and increase efficiency, … [Read more...] about Okinawa Partners With Welectric To Supply Electric Two-Wheelers For Last-Mile Delivery: Read More!
A quick look at the BMW electrification roadmap reveals new and upgraded models on the horizon BMW Group started sales of plug-in electric cars in 2013 with the BMW i3. The first models under the BMW i sub-brand were standalone, designed from the ground up. Over the next couple of years, the German manufacturer focused on introducing plug-in hybrid versions of its existing models. The upcoming next stage of the electrification will be the introduction of new all-electric cars, but again mostly derivatives of existing BMW models to keep costs under control. So far, BMW Group sold almost 400,000 plug-in electric cars and the goal for this year is to exceed 500,000. The roadmap envisions 25 new plug-in models to be introduced by 2025, including at least 12 all-electric. As you can see on the graphic below, four upcoming BEVs were already shown, while another eight are still covered (1 in 2022, 2 in 2023, 3 in 2024 and 2 in 2025). In the case of PHEVs, … [Read more...] about BMW electrification roadmap: 25 plug-ins by 2025