According to Reuters, Aston Martin is seeking a valuation of up to £5.07bn from its stock market flotation. The company has begun to prepare for any outcome over Brexit. Aston Martin said in August that it was chasing an initial public offering (IPO), the first British carmaker to do so for decades. The company will [...]

Hyundai Motor Company affirmed at the IAA Commercial Vehicles 2018 in Hanover that it has entered a Memorandum of Understanding (MOU) with Swiss hydrogen company H2 Energy (H2E). Beginning in 2019 and over a five year period Hyundai Motor and H2 Energy will provide 1,000 heavy-duty fuel cell electric trucks and an adequate supply chain [...]

The market for automotive usage-based insurance (UBI) will grow from $28.4bn in 2018 to nearly $96bn by 2025, according to research from MarketsandMarkets. According to the report, the UBI market will increase at an annual growth rate of nearly 19% between 2018 and 2025. The growth of the number of vehicles with telematics and connected-car [...]

LeasePlan Corporation has signed an agreement at the Global Climate Action Summit in San Francisco with Land Life Company to help LeasePlan customers make their trips carbon neutral. Under the partnership, LeasePlan customers will be able to offset their fleet emissions through Land Life Company’s reforestation programme. Land Life Company works in the sustainable and [...]

Dendrobium Automotive Limited has signed a four-way agreement with Magnis Resources, Charge CCCV LLC and Dendrobium Advanced Technologies. Dendrobium Automotive has signed the four-party joint development agreement along with its Dendrobium Advanced Technologies Limited (DATL) division, plus Magnis Resources Limited and C4V to produce the next generation of high performing batteries, including Solid State (ASSB) [...]