By Matt Cantor
In a piece of good news for both the environment and impatient people, scientists in Singapore are announcing a rechargeable lithium-ion battery that takes only two minutes to reach a 70% charge. What’s more, the batteries last about 20 years, Science Daily reports.
In recent years a number of non-German global brands have challenged the solid grip that Audi, BMW and Mercedes-Benz maintain on China’s luxury car market. But until now, none of them has put any noticeable competitive pressure on the three leading brands, to say nothing about shaking their iron grasp on the market.
Lexus has recalled 759,000 cars globally after discovering a fault with the fuel pipes, including 9637 vehicles registered in the UK.
The company has confirmed in a statement that the problem affects IS, GS and LS models, but has also said that there have been no reported accidents or injuries related to the issue.
Doron Levin Fortune Magazine
A strategy of going after up-and-coming auto markets is paying off.
Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said.
Renault will open a factory in Wuhan, China, with Dongfeng Motor in 2016 with an initial annual capacity of 150,000 units that can be doubled if there is enough local demand.
