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Volvo is working on cordless charging for electric cars
Thu, 31 Oct 2013Imagine not having to actually exit and plug in your electric car (assuming you have an electric car to plug in), and instead just parking it over a special parking spot. That's the promise of a new technology that Volvo is working on, and if taken to the mass market once made commercially viable, it means electric cars will be able to recharge just by sitting over a charger built into the parking spot's surface. That would certainly eliminate the need for those bulky upright chargers that are spreading around the country.
Jaguar Land Rover raise £500 million to fund expansion
Fri, 23 Mar 2012Jaguar Land Rover raise £500 million Jaguar Land Rover is raising £500 million on the bond market to fund its expansion, including new models and new facilities. Hot on the heels of the Jaguar Land Rover joint venture deal with Chery in China comes the news that Jaguar has dipped in to the private bond market to raise £500 million to help with its bold and bullish plans to make JLR a major world player in the premium vehicle sector. JLR plans to invest £1.5 billion a year on expansion and is making sure its coffers can cope by issuing £500 million of senior notes due in 2020, with the net proceeds of the bonds being used for general corporate purposes.
Hyundai previews small SUV with Geneva show concept
Thu, 19 Feb 2009For an idea of what Hyundai's next small SUV will look like, pay attention to the concept that debuts at the Geneva motor show next month. We previously knew it as the HED-6, according to the recently released sketch. But Hyundai announced that it is now calling the vehicle the ix-onic (pronounced "ik-sonnik").