French car parts supplier Valeo has raised its full-year earnings forecast following a 21 percent rise in first-half profit, due mainly to overseas expansion and increased demand for fuel-saving technologies.
A 25 percent surge in new orders “confirms once again the company’s strong organic growth potential,” CEO Jacques Aschenbroich said in a statement.
Porsche South Africa has bought the 72-hectare Kyalami racetrack, which hosted F1 races between 1967 and 1993, for 205 million rand (14.5 million euro).
Audi has confirmed that its A3 E-Tron model will cost £29,950 after the £5000 government Greener Vehicle Discount.
Aston Martin has finally confirmed a bespoke product programme for a new super saloon that will use the historic Lagonda nameplate in a very limited series, with production scheduled to start in early 2015.
Continental’s eBike System will enter production in the fourth quarter of 2014 and will be on display at the Eurobike trade fair from 27-30 August; the company had presented a prototype of the system at the Eurobike trade fair in 2013.
