[ad_1] Summary Hybrids are growing in popularity as they require no lifestyle changes and have impressive fuel economy benefits despite minimal cost differences. Toyota’s long-term commitment to hybrids has paid off, leading to a 74.1% sales increase in electrified vehicles in Q1 2024. Toyota dealers benefit from a sustainable business relationship with the brand, leading … Read more
[ad_1] British sports-car company McLaren now has a new owner, thanks to increased investment from a Bahraini group. The state-owned company now has full ownership of McLaren, bringing financial stability to the troubled firm. View 2 images Sportscar company McLaren is now under the full control of a Bahraini state-owned investment fund. The deal, made between … Read more
[ad_1] The Chinese-owned Swedish electric car brand has been facing financial difficulties of late, and it’s not clear whether a billion dollars in funding is enough to keep it in the black. View 4 images Polestar has secured $US950 million ($AU1.46 billion) in external funding, as the electric car company begins to forge its own path … Read more
[ad_1] Toyota, the iconic automaker synonymous with reliability and fuel efficiency, has long danced around the all-electric revolution. While pioneering hybrid technology and remaining a global giant, it faced criticism for lagging behind in pure electric vehicles (EVs). However, a recent $1.3 billion investment in a Kentucky plant dedicated to producing an unnamed three-row electric … Read more
[ad_1] The state-owned Mumtalakat Holding Company is reportedly on the brink of acquiring the Surrey automaker. View 4 images Bahrain’s state-owned investment fund Mumtalakat Holding Company is reportedly gaining full control of the McLaren Group. According to a report from Sky News, the sovereign wealth fund will become McLaren’s sole shareholder once the deal is announced. A … Read more
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