May 4 (Reuters) – Aston Martin Lagonda (AML.L) on Wednesday named former Ferrari NV (RACE.MI) boss Amedeo Felisa as its new chief executive officer as the British luxury carmaker works on emulating the Italian carmaker’s success and electrifying its brand.

Felisa will take over with immediate effect from Tobias Moers, who joined the company in 2020 from shareholder Mercedes-Benz’s (MBGn.DE) high-performance AMG brand and served as CEO and chief technical officer. Continue reading “Aston Martin taps former Ferrari boss Felisa for CEO”

BERLIN, May 2 (Reuters) – Volkswagen’s (VOWG_p.DE) premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday.

Discussions by the board of directors about the two brands’ plans had created some divisions, said Diess at an event in Wolfsburg, where the German carmaker is headquartered. Continue reading “Audi, Porsche to join Formula One, VW CEO says”

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand.

The area, which could be mistaken for a prototype lab, initially made just eight SUVs a day. But demand has shot up over the two years since the Nexon EV’s launch. Tata now makes more than 100 a day though much of that is now handled at another plant nearby. Continue reading “Tata, India’s electric vehicle king, takes a frugal road less travelled”