By Robert Wright in New York and Henry Foy in London
Shares in TRW Automotive, one of the world’s largest auto component suppliers, surged on Thursday after it said it had received a “preliminary, non-binding” takeover approach, later confirmed as coming from ZF Friedrichshafen of Germany.
China will exempt electric cars and other types of “new energy” vehicles from purchase tax, the government said, as it seeks to reduce pollution and conserve resources.
Jaguar Land Rover has unveiled a self-learning intelligent car system that will offer a personalized driving experience for each individual owner, allowing the driver to concentrate on driving.
The European Commission has awarded €39 million in funding from the NER300 program to Maabjerg Energy Concept towards the construction of a large-scale cellulosic biorefinery in western Denmark.
German tuning house Edo Competition is well known for their wild supercar tuning programs and it looks like the company has big plans with the Porsche 918 Spyder as they have ordered three plug-in hybrid supercars.
