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Lotus Posts $750 Million Loss for 2023 While Also Setting Sales Record

The Truth About Cars

However the company actually had a good sales year, moving 6,970 vehicles in a twelve-month period. Lotus noted that sales ramped up in the final quarter of 2023, with the company seeing a 110-percent increase after the launch of the Lotus Eletre SUV. The real question is whether or not sales are sustainable beyond that.

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Sale of Opel and Vauxhall to Groupe PSA finalized

Green Car Congress

The sale of Opel Automobile GmbH with its brands Opel and Vauxhall by General Motors to Groupe PSA has now been finalized. They are the perfect fit to our existing portfolio of French brands Peugeot, Citroën and DS Automobiles. Opel/Vauxhall and Groupe PSA will continue to work with General Motors in the future.

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More auto plant shutdowns for COVID-19

Green Car Congress

Joining BMW, Ford and FCA in suspension of production in the US due to COVID-19 ( earlier post ) are: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the US, through 3 April. billion in sales activity and generated $4.1

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Honda targeting 2/3 of unit sales from PHEVs, HEVs and ZEVs by ~2030; PHEVs the core of electrification

Green Car Congress

At a press event in Tokyo to lay out his future vision and direction for the company, Honda Motor President & CEO Takahiro Hachigo said that the company will strive to make two-thirds of its overall unit sales from plug-in hybrid/hybrid vehicles and zero-emissions vehicles such as fuel cell vehicles and battery EVs by around 2030.

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California initiative to streamline permitting of new hydrogen and electric fueling stations

Green Car Congress

Automobile manufacturers plan to roll out hydrogen fuel cell vehicles in the 2015 to 2017 timeframe, while California’s share of the US market for plug-in electric vehicles currently stands at nearly 40%. —Jim Pisz, Toyota Motor Sales, USA, Inc. North American business strategy corporate manager.

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Chevy Traverse will get first off-road short, extra tech on 2024 style

Baua Electric

The area is “very important to General Motors, and it’s very important to Chevrolet,” Rory Harvey, GM’s unutilized president of North The united states, stated Monday at an tournament to show the Traverse. million Traverses because the automobile debuted in 2009. The plant has now not operated a 3rd shift since 2017.

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CCI approves JSW’s acquisition of up to 38% stake in MG Motor India | Autocar Professional

Baua Electric

Limited and belongs to JSW Group,” the CCI stated. “The Target is a company incorporated in India, engaged in the automobile original equipment manufacturing business and after sale services. MG Motor entered India in September 2017 by acquiring General Motors India’s Halol plant.

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