The proceeds are in line with expectations

– Alfa Romeo B.A.T. Concept Cars 5,7 und 9 The three Alfa Romeos from 1953 to 1955 owe their futuristic streamlined shape to the aircraft engineer Franco Scaglione. They made $ 15.5 million. – (Foto: Ron Kimball © 2020 RM Sothebys) – – – – New York The chorus of outraged voices has grown steadily louder … Read more

These companies beg you not to use their products during the crisis

The coronavirus effect in the automotive industry 5:50– New York (CNN Business) –– Uber and Fiat chrysler are taking an unusual tactic on their ads during the coronavirus, urging people not to use their products. A recent Uber 60-second television commercial shows a montage of scenes of people quarantined at home. “Stay home for everyone … Read more

Corona crisis: auto industry reacts to corona crisis

The drastic effects of spreading the virus have already been observed in the Asian markets. Works around the world have now been affected by the corona pandemic. Automobile production has summarized which production locations are affected and how manufacturers and suppliers otherwise react to the corona crisis. 03/17/2020, 4:02 p.m .: Magna Steyr pauses overall … Read more

Abarth Rally: A hotspur for special road engines

So that Fiat could fight for victory in rallies, just over 1000 copies of the Fiat Abarth 124 Rally were built between 1972 and 1974. The Fiat Abarth 124 Rally actually represents the typical rally vehicle. It is comparatively lightweight, handy and, with its front engine and rear-wheel drive, has the typical configuration that guaranteed … Read more

Tesla announces a capital increase

The announcement comes as a surprise, as Tesla boss Elon Musk said two weeks ago that he didn’t need any additional capital. Obviously, he now wants to benefit from the sharply higher share price. That allows him to get cheap capital. Elon Musk and his board member Larry Ellison also want to buy new shares … Read more

The carmaker’s sales slumped by over a third

Car maker Opel suffered severe setbacks at the end of last year – sales declined dramatically in December. The job cuts also continue. Sales of the PSA subsidiary Opel fell surprisingly strongly in Europe at the end of last year. In a booming at the end of the year thanks to high discounts car market … Read more

Turkey President Erdogan presents the first own electric car

Turkish President Recep Tayyip Erdogan introduced a domestic car brand with great fanfare on Friday. The car is an electric vehicle that is scheduled to go into production in 2022. There are said to be five models in total. Turkey plans to invest more than three billion euros in the development and construction of its … Read more