New Driving Change ESG charter commits Lotus to become firstestablished sports car maker to go fully electric

Businesscafe - Lotus has launched ‘Driving Change’, its new Environmental, Social and Governance (ESG) Charter.

 Tesla APAC hiring activity nosedives 87 YoY in June 2022 amid layoff concerns finds GlobalData

Businesscafe - Tesla Inc’s (Tesla) job postings in the Asia-Pacific (APAC) region decreased by 87% year-on-year (YoY) from 362 jobs in June 2021 to 48 jobs in June 2022*, according to the Job Analytics database of GlobalData, a leading data and analytics company.

The Ceylon Motor Traders Association holds 102nd Annual General Meeting

Businesscafe - The Ceylon Motor Trader’s Association (CMTA) affiliated to the Ceylon Chamber of Commerce and one of the oldest automotive trade associations in South Asia comprising of companies who are franchise holders of global automobile manufacturers, held its 102nd Annual General Meeting on 29th June 2022 as a virtual event, due to the mobility issues resulting from the current fuel shortage in the country.

DIMO and Tata Motors Limited launch the first locally assembled DIMO Batta HT2 vehicles

Businesscafe - DIMO, a leading diversified conglomerate in Sri Lanka, together with Tata Motors Limited, launched its first batch of locally assembled DIMO Batta HT2 trucks.

 180000 bugs in every fully autonomous vehicle are like an open door to cyber criminals says GlobalData

Businesscafe - Many autonomous vehicles are not fully protected against cyberattacks, with GlobalData, a leading data and analytics company, estimating that there may be up to 180,000 bugs in the code operating a level 5 autonomous vehicle*— potentially leaving hackers with 15,000 security vulnerabilities to choose from.

 Bugatti Group Goes Phygital and Launches Its Genesis NFT Collection

Businesscafe - Luxury brands are about building relationships.

Registration for Lotus 01L NFT Collection Now Open

Businesscafe - The first ever Lotus NFT Collection is called 01L and the registration process for customers is now live online at nft.lotuscars.com 

 Rimac Nevera Heads to Goodwood Festival of Speed

Businesscafe - Since its first appearance at the Goodwood Festival of Speed in 2021, Nevera has been named GQ’s Hypercar of the Year, Top Gear Magazine’s Best Electric Performance Car and Robb Report’s Best Hypercar.

On road Hydrogen Vehicles to Exceed 1 Million Globally by 2027 Juniper Research Study Finds

Businesscafe - A new study from Juniper Research has found the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022 – a substantial growth of over 1,500%.

 UTE Commences Retail Distribution of CAT Lubricants

Businesscafe - United Tractor and Equipment (Pvt) Limited (UTE) commenced retail distribution of CAT® Lubricants, adding further value to its 75-year relationship with the Caterpillar (CAT®) Tractor Company.

Rolls Royce Motor Cars Celebrates Black Badge at the Festival of Speed

Businesscafe - Visitors attending the Festival of Speed will experience the global public debut of the full Black Badge product portfolio.