“80 percent of leasing companies' working capital is from automotive section, but in the public view, it seems that leasing companies are not working very well in this section.” Said Secretary-General of Iran national leasing association.
We live in an exciting time for innovation in vehicles right now. On the cusp of a new “electric era” with the likes of the Tesla Model 3 coming to market, there are also daily improvements in our driving experience via tech and online ingenuity.
The deadline for automakers to standardizing their products is the end of December 2019, as the secretary of Iran's Vehicle Manufacturer Association said. However, end of December 2018 was the deadline before and no one has ever talked about another additional year.
After World War II, when Japan didn’t have much oil on hand but could generate electricity well enough, the Japanese government asked its country’s engineers to try to make some electric vehicles. The Tokyo Electric Cars Company, which later became part of Nissan, obliged.
Electronics giant LG and digital mapping company Here are teaming up on technology for self-driving cars. Neither company wants to develop its own autonomous vehicles, but LG and Here plan to supply tech they believe is crucial to automakers.
Porsche is currently king of the Nürburgring, thanks to the bonkers 2018 911 GT2 RS, but the German luxury brand set yet another lap record you may not have heard about.
Today, the vehicle order registration website is reopening for the importers and 2018 vehicles will be riding in the street after some step up the tariffs, at last.
When someone mentions Group B, enthusiasts' minds immediately recall thoughts of monstrous racers with insane amounts of horsepower, wild body kits, and incredible danger. Danger. That's the one reason why Group B was not long for this world.
If there’s one thing that came sharply into focus this year, it’s that most of the automotive industry has bought into the idea that autonomous and electric cars are the way of the future. Notice I said the word “idea” there—exactly how that future will look, whether buyers will embrace it and how it will make money are all still up in the air.
McLaren is known for being much more than just a Formula One team. Its experience in racing over the decades stretches from the Le Mans 24 Hour to the Indy 500. Can-Am, or the Canadian-American Challenge Cup, was another series the British based team raced in. The McLaren M8D was its challenger for 1970.