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At the Mondial de l’Auto Paris 2024, the BMW Group showcases its evolving strategy for electrification, underlining its leadership in electric mobility across multiple segments. Alongside the new BMW 1 Series, BMW X3, and BMW M5, the event also features world premieres of groundbreaking models and future concepts.

Key highlights include the introduction of the first all-electric Mini John Cooper Works (JCW) models—Mini John Cooper Works Electric and Mini John Cooper Works Aceman. These vehicles bring Mini’s motorsport heritage into the electric era, combining high-performance driving with innovative power and design. The BMW Neue Klasse Vision Vehicles also make their debut, providing a preview of the brand’s next generation of electric vehicles. The BMW Vision Neue Klasse, a sporty sedan, and the BMW Vision Neue Klasse X, a Sports Activity Vehicle (SAV), feature Minimalist designs and cutting-edge technology, such as BMW iDrive with Panoramic Vision and 3D Head-Up Display.

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Dongfeng Honda Automobile Co., Ltd. (Dongfeng Honda) celebrated the launch of its new energy vehicle (NEV) production plant in Wuhan City, Hubei Province, China, marking a significant milestone for both Honda and the electric vehicle (EV) industry. This facility is Honda’s first dedicated EV production plant globally, highlighting the company’s commitment to advancing its EV production capabilities.

The event was attended by notable figures, including officials from Wuhan City and Hubei Province, along with Toshihiro Mibe, Honda’s Global CEO, and Masayuki Igarashi, Managing Executive Officer of Honda for China operations.

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Formula 1 has teamed up with Mattel, Inc. to launch a global licensing partnership, bringing F1-themed Hot Wheels products to fans around the world. This collaboration will start with the release of a special limited edition F1 car in 2024, with the full Hot Wheels range of F1-themed cars and products scheduled to be available in 2025. The collection will cater to both younger fans and dedicated adult collectors.

The limited edition die-cast car, now available on Mattel Creations, features a unique Hot Wheels racing livery that includes the iconic ’68’ number on the nose, interchangeable tyres, and a detailed full-metal body chassis.

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Volkswagen Group has reported a 7% decline in global deliveries for the third quarter, highlighting significant challenges facing Europe’s automotive industry. The decrease in demand from China and rising production costs in Europe are key factors contributing to these difficulties. Additionally, the ongoing trade tensions between the European Union and China over tariffs on Chinese electric vehicles (EVs), due to alleged subsidies, further complicate the situation for European carmakers.

Volkswagen, the largest automaker in Europe, is undergoing a major restructuring and may even consider closing plants in Germany for the first time. The company is grappling with low European demand, growing competition from Chinese manufacturers, especially in the EV space, and the high costs of production in Germany. Marco Schubert, a member of VW’s executive committee, emphasised the need for a more competitive cost structure, particularly in Germany, to maintain success in this challenging environment.

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Toyota has announced its return to Formula 1 as the official technical partner of the Haas F1 Team. Through its Toyota Gazoo Racing (TGR) division, the Japanese manufacturer will provide “design, technical, and manufacturing” services under a multi-year agreement that begins immediately. The TGR branding will be displayed on the cars of Kevin Magnussen and Nico Hulkenberg during the upcoming United States Grand Prix.

This partnership comes as Toyota seeks to re-engage with grand prix racing, enticed by the upcoming 2026 chassis regulations, although there are no plans to become a power unit manufacturer for the new engine framework. Toyota previously competed in F1 from 2002 to 2009 but withdrew after failing to secure a race win amid the global financial crisis.

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Brembo has announced the acquisition of a 100% stake in Öhlins Racing, a premium manufacturer of high-performance suspension systems for motorcycles and cars. Öhlins, known for its advanced suspension technology in Original Equipment, Motorsport, and Aftermarket segments, will now be part of Brembo’s portfolio, strengthening Brembo’s market position in vehicle dynamics and intelligent solutions.

The acquisition was valued at USD 405 million and is expected to close in early 2025, pending regulatory approvals. Öhlins, founded in 1976 and headquartered in Sweden, operates two production facilities and R&D centres in Sweden and Thailand.

The company’s suspension technology is widely respected for its precision and innovation, especially in MotoGP, Formula 1, and World Superbike. Öhlins is projected to reach a USD 144 million turnover in 2024, with an adjusted EBITDA margin of 21%-22%.

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BMW is once again captivating car enthusiasts and collectors with the announcement of the BMW Skytop, a limited-edition masterpiece set to follow the success of the 3.0 CSL from 2022. This roadster, blending dynamic driving performance with timeless elegance, will be produced in a small run of just 50 units, each already claimed by collectors.

Unveiled initially as the BMW Concept Skytop at the Concorso d’Eleganza Villa d’Este 2024, the design captivated the automotive world with its blend of precision craftsmanship and sporty sophistication. Inspired by legendary BMW roadsters such as the BMW 507 and BMW Z8, the Skytop features striking design elements, including a prominent shark-nose front end, a dynamic silhouette, and a retractable leather-trimmed soft-top roof.

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Honda may be trailing some of its rivals in the electric vehicle (EV) space, but it is catching up quickly with the development of its all-new 0 Series range of battery-electric vehicles. This upcoming lineup will be heavily influenced by the Honda Saloon concept, which debuted earlier this year and will include innovative features designed to mimic the driving experience of traditional internal combustion engine (ICE) vehicles. One of the standout characteristics of these EVs will be artificial sounds and vibrations that replicate the sensation of driving a petrol-powered car.

In the evolving EV market, where differentiation is becoming more challenging due to the nature of electric powertrains, software is playing a critical role. Unlike the clear distinctions that once existed between a four-cylinder engine and a V10, electric motors are far more uniform in their characteristics. To address this, Honda is developing software solutions that will give their EVs unique personalities, helping them stand out in a crowded market.

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The latest generation of the Mini Cooper Convertible is set to impress driving enthusiasts with its blend of style, performance, and cutting-edge technology. Known for its dynamic driving experience and iconic design, the new model brings even more excitement to the lineup, particularly for those who relish the thrill of open-air motoring.

Designed with the “Always Open” concept, the Mini Cooper Convertible features a fully automatic soft top that can be opened or closed in just 18 seconds. This allows drivers to seamlessly switch between open-air freedom and a covered drive, whether they’re navigating city streets, cruising through the countryside, or hitting the highway. The compact four-seater embodies everything Mini stands for—agility, freedom, and individuality.

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Leapmotor International, a joint venture between Stellantis and Leapmotor, has successfully shipped its first batch of electric vehicles—Leapmotor C10 SUVs—from Shanghai, China, to various ports across the Asia Pacific region this month. This shipment signifies a significant achievement in the collaboration between the two companies, reflecting their commitment to rapidly advancing sustainable mobility and innovation in the region’s electric vehicle (EV) market.

Leapmotor’s C10 SUV is equipped with advanced EV technology, offering outstanding performance, efficiency, and range, placing the brand at the forefront of the industry. As the third-largest Chinese EV start-up, Leapmotor has already achieved cumulative deliveries of 460,000 units as of September 2024, underscoring its strong presence in the growing EV market.

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