Tag Archives: information

Motorsport

Fisker Provides Details on the Pear Electric Crossover with a Range of Up To 320 Miles

Fisker has revealed more information and photos of the Pear, its upcoming entry-level model, following the preview of its future lineup on August 3.

The company has also announced that a production-intent Fisker Pear will be displayed to the public at the Fisker Lounge Munich from September 4-10, coinciding with the IAA Mobility 2023 event in Munich.

Priced at $29,900 (before incentives), the Pear is a crossover with seating for five or six people. It has a length of 179.1 inches (4,550 millimeters), making it smaller than the Fisker Ocean SUV but still spacious in its segment. The five-seat version can be converted into a six-seater by replacing the single front passenger seat and center console with a large two-seat bench.

One of the notable features is its Houdini trunk, which allows owners to load and unload in tight street parking situations and prevent damage in parking structures with low ceilings. The trunk lid and glass move down behind the rear bumper beam, providing protection in the event of a rear crash. Fisker has mentioned that the Houdini trunk demonstrated at low speed on August 3 will operate at high speed in the production version.


ToyotaUk

TMC Announces April Through June 2023 Financial Results

All consolidated financial information has been prepared in accordance with International Financial Reporting Standards (IFRS)

TOYOTA CITY, Japan (August 1, 2023) — Toyota Motor Corporation (TMC) today announced its financial results for the first quarter, which ended June 30, 2023.

Consolidated vehicle sales totaled approximately 2,326,000 units, an increase of approximately 313,000 units compared to the same period last fiscal year. On a consolidated basis, net revenues for the period totaled 10.546 trillion yen ($77.0 billion), an increase of 24.2%. Operating income increased from 0.578 trillion yen ($4.5 billion) to 1.120 trillion yen ($8.2 billion), while income before income taxes 1 was 1.720 trillion yen ($12.6 billion). Net income 2 increased from 0.736 trillion yen ($5.7 billion) to 1.311 trillion yen ($9.6 billion).

Regions

North America: Vehicle sales totaled approximately 682,000 units, an increase of 47,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 35.3 billion yen ($257 million) to 123.3 billion yen ($900 million).

Japan: Vehicle sales totaled approximately 532,000 units, an increase of 129,000 units.  Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 363.1 billion yen ($2.6 billion) to 700.7 billion yen ($5.1 billion).

Europe: Vehicle sales totaled approximately 286,000 units, an increase of 38,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 58.4 billion yen ($426 million) to 82.0 billion yen ($598 million).

Asia: Vehicle sales totaled approximately 417,000 units, an increase of 56,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 5.3 billion yen ($38 million) to 186.9 billion yen ($1.4 billion).

Other regions (including Central and South America, Oceania, Africa, and the Middle East): Vehicle sales totaled approximately 408,000 units, an increase of 42,000 units. Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 39.3 billion yen ($286 million) to 80.5 billion yen ($587 million).

Financial Services

Financial services operating income decreased by 23.4 billion yen ($170 million) to 144.5 billion yen ($1.1 billion). Including valuation gains/losses, operating income increased by 32.7 billion yen ($238 million) to 147.2 billion yen ($1.1 billion).

(*FY24 currency translations above are approximate and based on an average 137-yen-to-dollar exchange rate; FY23 is 130-yen-to-dollar exchange rate)

Forecast

For the fiscal year ending March 31, 2024, TMC estimates consolidated vehicles sales will be 9.60 million units. Based on an exchange rate assumption of 125 yen to the U.S. dollar, TMC forecasts consolidated net revenue of 38.0 trillion yen ($304.0 billion), operating income of 3.0 trillion yen ($24.0 billion), income before income taxes of 3.69 trillion yen ($29.5 billion), and net income of 2.58 trillion yen ($20.6 billion).

(*all currency translations above are approximate and based on an average 125 -yen-to-dollar exchange rate.)

1 Income before income taxes and equity in earnings of affiliated companies

2 Net income attributable to Toyota Motor Corporation

For more information, click here.

News

Harley-Davidson Bike Sales increased by 3% worldwide in Q2 2023

Harley-Davidson announced its financial results for Q2 2023 on July 27. The company reported the number of motorcycles shipped and the revenue generated globally. Since LiveWire became its own business entity in 2022, its results are reported separately from Harley-branded motorcycles.

In Q2 2023, revenue across all sectors decreased by 2% compared to the same period in 2022. However, let’s focus on motorcycle shipments and sales.

Harley records motorcycle shipments separately from motorcycle sales, especially for Harley-branded bikes. However, this distinction does not apply to LiveWire. In Q2 2023, the company reported worldwide motorcycle shipments of 42,900 bikes, a 10% decrease from the 47,900 shipped in the same period in 2022. This decrease is attributed to a production stoppage in May 2023.

Looking at motorcycle sales in Q2 2022, there is some optimism. Sales increased in North America, Asia Pacific, and Latin America. However, sales in Europe, the Middle East, and Africa (EMEA) dropped by 6%.

Asia Pacific stands out with a 24% increase in sales year-on-year. In Q2 2023, 7,500 bikes were sold compared to 6,000 in Q2 2022. Overall, global motorcycle sales (excluding LiveWire) increased by 3% in Q2 2023.

As for LiveWire, they only report motorcycle shipments, not sales. In Q2 2023, LiveWire reported shipments of 33 bikes, an 85% decrease from the 225 units shipped in Q2 2022. It’s worth mentioning that all 33 LiveWires that were shipped in Q2 2022 were LiveWire Ones, not Harley-Davidson LiveWires or S2 Del Mars.

Given the results so far, LiveWire has revised its sales guidance for the entirety of the 2023 fiscal year. They are now aiming for motorcycle unit sales of 600 to 1,000. Only time will tell if they can meet or exceed these goals as the company expands in Europe and rolls out the more affordable S2 Del Mars to customers.

NewsNew

Triumph Releases Motocross Model Chassis Information

The highly anticipated Triumph motocross bike has become a reality, and now we have access to the chassis information! Recent social media posts by Ricky Carmichael hinted at exciting news regarding the new Triumph motocross bikes. However, he did not share any details, which left the internet feeling dissatisfied. Fortunately, Triumph has just released the first episode of a video series that will focus on various aspects of their new motocross machines. The inaugural episode sheds light on the chassis. While an official release date has not been announced, Triumph assures us that the new motocross bikes will be available later this year.

Motorsport

2024 Subaru BRZ tS Debuts: Upgraded Brakes and Suspension [UPDATE]

Update: Subaru has officially released information about the 2024 BRZ tS, confirming what we previously heard from both the automaker and attendees at Subiefest California. The new model features Hitachi dampers in a specially tuned STI suspension system, four-piston Brembo brakes at the front (with two-piston brakes at the rear), 18-inch wheels equipped with Michelin Pilot Sport 4 tires, and Subaru’s EyeSight driver-assist technology.

The BRZ tS will be positioned as the top-of-the-line model above the BRZ Premium. It features tS badging and distinctive black mirrors to help it make a statement. For more information, refer to our original article below.


Motorsport

Ford Builds Firefighting Bronco, Donates It To National Park In New Mexico

Ford has created a specialized version of the Bronco SUV to serve as a mobile firefighting command vehicle at Bandelier National Monument in New Mexico. This modified Bronco is designed to access remote areas and provide up-to-date information to firefighters.

The firefighting Bronco is a collaboration between Ford and Darley, a manufacturer of fire and rescue vehicles. It is based on the Badlands model with the Sasquatch package, which includes a suspension lift and 35-inch tires for improved off-roading capabilities. Additional features such as a Warn winch, grille guard, and beadlock wheels have been added to help the Bronco navigate the rugged terrain of the 33,000-acre national monument.


Featured

Car News That Mattered This Week (June 19-23): Updates On Maruti Invicto, Facelifted Kia Seltos Reveal, Spy Shots And More

This week’s major highlights include information on upcoming models from Maruti and Kia, as well as some interesting spy shots.

This past week of June revolved mostly around the news on upcoming models like the Maruti Invicto premium MPV and facelifted Kia Seltos compact SUV. During the same week, Mercedes-Benz brought back its SL roadster namelate in India after more than a decade. Aside from these, we also had an update on Tesla’s plans for India. Let’s have a quick overview of what mattered that week.

Maruti Invicto Bookings Open

Maruti Invicto MPV

The Toyota Innova Hycross-based Maruti Invicto is all set to be launched on July 5, and ahead of that, the carmaker has also opened its order books for the MPV, but in a limited capacity. Maruti has also released a new teaser of the Invicto, giving a glimpse of its interior. Additionally, some spy shots of the MPV at a dealer’s stockyard have also surfaced on the internet for a better look at the exterior design.

Kia Seltos Facelift Debut Date Confirmed

Kia’s best seller, the Seltos, is due for an update since it went on sale in August 2019. Now, we have the confirmation of its debut date in India. Also, customers can pre-book the facelifted Seltos at select Kia dealerships.

First Hyundai Exter Rolled Out

Hyundai Exter production begins

Hyundai has started series production of the Exter micro SUV at its Tamil Nadu based manufacturing facility in India. The bookings for the micro SUV are already underway, and it will go on sale in July.

Tesla Affirms India Plans

Elon Musk Narendra Modi

After meeting the Indian Prime Minister, Narendra Modi, Tesla boss Elon Musk has confirmed that their EVs will be heading to India with major investment plans. Tesla is also readying up a new entry-level EV, which is likely to be called the Model 2.

Kia Carnival No Longer On Sale

After spending almost three years in the market, the Kia Carnival has now been discontinued in India. The Carnival sold here was already a previous generation model which was based on an old platform. 

Ola Gigafactory Construction Begins

Ola has started the construction of its Gigafactory in India, in an initiative to localise the production of EV batteries in the country. The company is ambitious about the timeline to finish construction and begin operations. 

Spy Shots This Week

This week’s spy shot stories include the test mule of the Tata Safari’s facelift with new interior details. The facelift of the Kia Seltos has also been spied from inside for the first time. Internationally, we get a revealing peek at the Maruti eVX prototype on test for the first time.

Mercedes AMG SL 55 Roadster Launched In India

The iconic Mercedes-Benz brought its SL convertible moniker returns to India after a gap of  almost 11 years. Launched exclusively in the performance guise,  the Mercedes AMG SL 55 Roadster is the only open top offering from Mercedes in India after the E Class cabriolet.

2024 Toyota Vellfire Unveiled

In international news, the new Toyota Vellfire has made its debut with an all new design and feature improvements. The new Vellfire is also expected to make its way to India soon as the luxury MPV is fairly popular here. We have detailed 5 of the key improvements that the new Vellfire gets over the existing model.

Read More on : Seltos diesel

NewsNew

2024 BETA XTRAINER ANNOUNCED

Beta has revealed some details about its 2024 model line, and one of the highlights is the 2024 Xtrainer. This off-road motorcycle is equipped with a 300cc two-stroke engine and comes at an attractive price. Last year, the Xtrainer underwent a complete redesign, and for the 2024 model, Beta has made further improvements in terms of form and function. The aim is to make the Xtrainer even more versatile and usable in various off-road riding conditions.

The Xtrainer stands out with its unique package of technical specifications, equipment, performance, ergonomics, and design. It now features a security/safety system, along with new graphics, for the 2024 model year. The engine’s power delivery is one of the standout features of the Xtrainer, as it is designed to meet the needs of riders who want a motorcycle that is easy to handle and practical in different situations. Inspired by trials riding, the Xtrainer offers adaptability and ease of use, making it suitable for beginners, seasoned enduro riders, and even experts who want an extreme enduro companion. With the Xtrainer, riders can focus on enjoying the off-road experience without any hassle.

Some notable features of the 2024 Xtrainer include:

  • Limited weight, tipping the scales at only 218 lbs.
  • A unique frame design that is approximately 15% smaller than the standard RR models, providing a smaller and more nimble feel.
  • A reduced seat height by 20mm compared to the RR model range, making it easier for riders to touch the ground in tricky conditions.
  • Nissin hydraulic disc brakes measuring 260mm at the front and 240mm at the rear.
  • A lightweight and high-performance lithium battery.
  • Single-track-inspired R16V suspension with 43mm forks at the front and a rear shock with linkage. The suspension offers adjustable spring preload and rebound damping.
  • An electric start for quick and convenient starting. There is also an option for a backup kick starter.
  • The Beta progressive exhaust valve that can be adjusted externally to optimize the engine’s performance based on riding conditions.
  • A two-position MAP switch that works independently from the power valve adjuster, allowing riders to have more control over engine tuning.
  • A transparent fuel tank with a capacity of 2.3 gallons.
  • An oil injection system that eliminates the need for premixing. The oil tank is located below the seat, and the seat can be easily removed for maintenance.
  • Off-road-friendly soft tires that enhance the Xtrainer’s handling and provide more grip over rocks and roots.
  • A cooling fan that is standard on all Xtrainers, automatically maintaining the engine at the perfect temperature.
  • A 300 cc engine derived from the RR models but tuned differently for the Xtrainer. The engine delivers softer overall power, and combined with the torquey exhaust pipe, offers a power delivery that feels almost electric. The special diaphragm clutch has three positions of adjustment to suit the rider’s preferences.
  • An electronic key/safety system that provides a secure lock-out key exclusively for the motorcycle. The system also includes a steering lock and a wristband tether that, when disconnected, will kill the engine for added safety.

As for pricing, the 2024 Xtrainer will be available at a price of $8,399.00, plus a $489.00 destination fee. Keep in mind that professional dealer setup, taxes, license, and other required fees are not included in the price.

The Xtrainer is expected to be available in September 2024.

News, Technology

Leaked Galaxy Watch 6 Indicates Potential Price Increase

A recent leak about the upcoming Galaxy Watch 6 not only provided some limited details about the watch itself but also hinted at a potential price hike compared to its predecessor, the Galaxy Watch 5. Currently, the Galaxy Watch 5 is priced at $279, excluding any trade-in credits (which can go up to $130).

The leaked images and information originated from a French outlet, so the prices mentioned are specific to France. On Samsung’s French website, the Galaxy Watch 5 is listed at €299 (approximately $326). In contrast, the new 40mm Galaxy Watch 6 with Bluetooth connectivity is expected to have a retail price of €319.99, a 20 Euro increase. Similarly, the 40mm 4G variant of the Galaxy Watch 6 is anticipated to be priced at €369.99. As for the 44mm models, the Bluetooth version is expected to cost €349.99, while the 4G version may come with a price tag of €399.99. The Classic options, on the other hand, may be priced at €419.99 and €469.99 for the 43mm models, and €449.99 and €499.99 for the largest model, depending on the connectivity type.

These leaked prices suggest that Samsung might introduce a new pricing structure for its latest range of Galaxy watches. It is essential to note, however, that these prices are not official and come from unofficial sources. The leaked information lacks substantial details, and there is a possibility that Samsung may change the prices when officially unveiling the new Galaxy Watch 6.

Featured

Car News That Mattered This Week (June 12-16): New Updates, Spy Shots, Price Hike And More


This week we received updates on upcoming car launches and saw some interesting spy shots.

This week, the major highlights include updates on upcoming products from Maruti and Hyundai. Volvo also unveiled its second electric vehicle in India. Mahindra launched its flagship SUV outside India, and we also came across some intriguing spy shots. Let’s take a brief look at what happened this week:

Hyundai Exter Interior Revealed

Hyundai has officially revealed the interior of its upcoming micro SUV, the Exter. The carmaker has also confirmed a few more features on the Exter, some of which are a first in the segment. Recently, Hyundai Exter appointed a famous all-rounder from the Indian cricket team as its brand ambassador.

Maruti’s Premium MPV Name Confirmed

Maruti Invicto teaser

Maruti’s upcoming premium MPV has been officially named “Invicto,” and its launch date has also been announced. Some select Nexa dealerships are now accepting reservations for the MPV.

Citroen C3 Price Update

Citroen C3

Citroen is set to increase the prices of its hatchback, the C3, from July 2023. This will be the third price hike of the C3 this year and the fourth since its inception.

Mahindra XUV700 Launched In Australia

Mahindra XUV700

Mahindra has launched its flagship SUV, the XUV700, in Australia, but only in limited variants. Unlike in India, the XUV700 in Australia is offered with only one engine option. The XUV700 in Australia has a similar set of features as the one offered in India.

Update On Maruti Jimny Booking

This week, we received an update on the booking numbers and waiting period of the Maruti Jimny. The off-road SUV has already been launched in India and is available in two broad variants. We have also provided a detailed list of official accessories available with the Jimny.

Spy Shots This Week

This week’s spy shots include test mules of the 5-door Force Gurkha, which has been spied with a new off-road feature. We also got a sneak peek of Mahindra’s XUV300 interior. Additionally, the facelifted Hyundai i20 N Line has been spied for the first time.

Volvo C40 Recharge Unveiled

Volvo C40 Recharge

Volvo has unveiled its new electric vehicle in India, the C40 Recharge. The launch date of the C40 Recharge has also been confirmed. This is Volvo’s second all-electric offering in India after the XC40 Recharge.