Automotive news bulletin | March 28th
Ferrari raises prices for certain models
London, March 28, 2025 (Oilandgaspress) –-Ferrari N.V.announced it will update its commercial policy, based on the preliminary information currently available regarding the introduction of import tariffs on EU cars into the USA.
While reaffirming its commitment to maximum client attention and protection and with the goal to provide certainty to them:
The commercial terms will remain unchanged for orders of all models imported before April 2, 2025 and for orders of the following three families – Ferrari 296, SF90 and Roma – regardless the import date.
For the current remaining models, the new import conditions will be partially reflected on pricing, up to a maximum 10 per cent increase, in coordination with our dealer network.
On such basis, Ferrari confirms its financial targets for 2025, with a potential risk of 50 basis points reduction on profitability percentage margins (EBIT and EBITDA margins).. . Read Related News
Ferrari N.V. stated that on March 13, 2025, in the Ferrari Group employees’ granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a “cross order” transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual’s taxable income as standard practice (Sell to Cover).
As of March 14, 2025, the Company held in treasury No. 15,720,318 common shares equal to 8.71% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until March 14, 2025, the Company has purchased a total of 5,011,020 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,642,569,697.35. . Read Related News
With the handover of a Mercedes‑Benz electric bus to go.on, Gesellschaft für Bus- und Schienenverkehr mbH and Kommunale Verkehrsgesellschaft Lippe (KVG) mbH, an important mission is set for regular service: The KlimaWandelBus, a Mercedes‑Benz electric bus with a special interior and exterior design, impressively shows passengers how climate change happens and what consequences it has. On 27 March 2025 Robert Wilhelm, Head of eMobility Sales Coordination Daimler Buses, and Jens Dilley, Sales Mercedes‑Benz Buses presented the unusually designed eCitaro to Dörte Pieper, Managing Director of Naturpark Teutoburger Wald/Eggegebirge, Dirk Hänsgen, Managing Director of go.on – Gesellschaft für Bus- und Schienenverkehr mbH, Achim Oberwöhrmeier, Managing Director of Kommunale Verkehrsgesellschaft Lippe, and Matthias Kalkreuter, Chairman of the Supervisory Board of Kommunale Verkehrsgesellschaft Lippe, in the presence of Dr. Axel Lehmann, County Counciler of Lippe and Association Chairman of Nature Park Teutoburger Wald/Eggegebirge.
A bus with a special message
The KlimaWandelBus is a project by the Teutoburg Forest/Egge Hills Nature Park that aims to bring the topic of climate change and its pressing issues to the attention of the general public with the electric scheduled-service bus. In future, the Mercedes‑Benz eCitaro electric bus will be used both on regular service routes and as an “infomobile” and project bus at events, in schools and throughout the Teutoburg Forest/Egge Hills Nature Park. The extraordinary design of the interior is intended to encourage passengers to actively engage with the topic – ideally while riding the bus or at stops. The project makes climate change tangible and presents strategies for how society can respond to it. . Read Related News
Daimler Truck and ARX Robotics, one of the leading companies for unmanned autonomous land systems based in Munich, are planning a strategic partnership. The companies have now signed a letter of intent to this end. The aim is to jointly drive forward the next generation of digital development in the field of military vehicles.
The companies want to integrate robotics and AI technologies from ARX Robotics into vehicle platforms from Daimler Truck in the future and thus achieve greater networking, operational capability and efficiency of the vehicles. In particular, the military vehicle variants of the Unimog and Zetros series, which the Mercedes-Benz Special Trucks business unit develops, produces and sells, will be enabled for a broader range of tasks through sensor and software modules and the use of artificial intelligence. In addition to networking, the focus is on operation via teleoperation and autonomous driving in open terrain. The new digital possibilities are based on the innovative Mithra OS operating system from ARX Robotics. The two companies are working closely together to continuously develop the technology based on experience.
Daniel Zittel, Head of Defence Sales, Mercedes-Benz Special Trucks: “We are currently investing and growing in the defence sector in order to meet customer needs even better and offer specialized solutions for military tasks. We are looking forward to working with ARX Robotics, one of the leading start-ups for autonomous ground systems. Digitalization and AI will play a key role in the defence sector, especially in cyber defence, defence logistics and international cooperation.”... Read Related News
Xpeng Motors’ first technology brand experience store in Asia is located in the core area of Hong Kong Island. The right-hand drive version of Xpeng X9 is listed at HK$599,900. At the event, Xpeng Motors also announced that the world’s first stop for Xpeng brand supercharging outside of mainland China is officially launched in Hong Kong! Gu Hongdi, Vice Chairman and Co-President of Xpeng Motors, said: “The opening of the Wan Chai Xpeng Technology Brand Experience Store is an important milestone for Xpeng’s development in Hong Kong and the global market. Hong Kong consumers have a strong demand for cutting-edge smart technology and travel solutions. We hope that through this innovative space, consumers can experience Xpeng’s innovative achievements from smart driving, smart cockpits to AI chips and humanoid robots at close range. With the listing of X9 in Hong Kong, we are not only committed to providing a smart travel experience, but also will leverage Hong Kong’s advantages as an international hub to accelerate Xpeng’s globalization process.” . Read Related News
TATA.ev, India’s largest 4-wheeler electric vehicle manufacturer and a subsidiary of Tata Motors, in collaboration with Allied Motors – Mauritius’ leading automobile distributor, launched its comprehensive EV portfolio in Mauritius, comprising of the Tiago.ev, Punch.ev, and Nexon.ev. Built on advanced high-voltage architectures, these EVs offer segment leading features, superior terrain response, best-in-class safety, and unmatched comfort – all while ensuring trouble-free maintenance. Read Related News
Porsche will not pursue the development plan for the Porsche Engineering Group’s Nardò Technical Center (NTC) in Apulia. Nardò Technical Center, Nardò, Italy, 2022, Porsche AG
Development plan for Nardò Technical Center will not be implemented
27/03/2025
Porsche will not pursue the development plan for the Porsche Engineering Group’s Nardò Technical Center (NTC) in Apulia.
In Apulia in southern Italy, the NTC is a central location for vehicle testing for Porsche and many other car manufacturers worldwide. A 12.6-kilometre-long circuit, a 6.2-kilometre-long handling course and many other facilities for testing the vehicles of tomorrow extend over 700 hectares.
In 2012, Porsche acquired NTC in Apulia. Today, NTC is an important part of Porsche Engineering’s integrated development and testing capabilities. Since then, the test site has been continuously modernized in order to further optimize the testing of future mobility technologies. NTC operates year-round and supports global customers in the automotive industry. Since 2023, a software unit in nearby Lecce has been expanding its technological competencies in southern Italy.
In order to expand its range of services, Porsche had recently presented a development plan for NTC. Now the company has decided not to proceed with the development plan. In March 2024, the Apulia Region decided to suspend the program agreement for the approval of the development plan, most recently until the end of March 2025. Read Related News
With a pilot project, Porsche aims to recover valuable raw materials from high-voltage batteries after their use in vehicles and to test a potential closed-loop raw material cycle. With this initiative, Porsche wants to addresses the growing importance of recycled battery raw materials and promote responsible handling of high-voltage batteries. In the long term, a recycling network for high-voltage batteries is planned to be established in collaboration with external partners. Step by step towards a circular economy
To test a process suitable for serial application, the pilot project is divided into three phases.
In the first project phase, high-voltage batteries from development vehicles are mechanically shredded at the end of their use-phase and processed into so-called “black mass.” The resulting granulate mixture contains valuable raw materials such as nickel, cobalt, manganese, and lithium. So far, around 65 tons of co-called “black mass” have been produced.
Subsequently, the “black mass” will be further refined and separated into the essential raw materials for high-voltage battery production. The quality and purity of the recycled materials are particularly important to Porsche in order to manufacture high-quality batteries for electric vehicles. In the third pilot phase, Porsche aims to produce high-voltage battery cells with a defined proportion of recycled materials and test their potential use in Porsche vehicles. The pilot project demonstrates Porsche’s holistic understanding of the circular economy: valuable raw materials from decommissioned high-voltage batteries are recovered, processed, and reused in new products. This can extend the lifecycle of selected resources and further reduce the environmental impact of battery production. . Read Related News
Porsche is modernising its PCM: greater performance and new features
Porsche is improving the digital user experience in the 911, Taycan, Panamera and Cayenne model series for the change of the model year. The fundamentally revised Porsche Communication Management (PCM) system is more performant and offers access to the Porsche App Center. Other new features include Dolby Atmos® for an improved sound experience, the Amazon Alexa® digital assistant and an expanded Porsche Connect package.
Porsche stands for dynamism, state-of-the-art technical solutions and the highest possible performance. This applies not only to powertrain and chassis technology, but also to the digital experience the sports car manufacturer offers. With the start of the new model year, the 911, Taycan, Panamera and Cayenne model series will benefit from significant improvements in infotainment technology and an expanded range of new functions in this area.
Thanks to new hardware, the PCM system is now more responsive. As well as optimised computing power, it offers additional capabilities, such as direct access to a large number of third-party apps for native use directly in the PCM. To ensure a reliable digital user experience, the Porsche Connect package is included as standard for 10 years. Read More
Hyundai Motor Group (the Group) today introduced its new mobility software brand ‘Pleos’ at its ‘Pleos 25’ developer conference in Seoul, also unveiling plans for collaboration with global partners to enhance in-vehicle app ecosystems.
The inaugural event marked a significant step toward the Group’s evolution into a mobility tech company by sharing the development status of software-defined vehicles (SDVs) and revealing plans for creating an in-vehicle app market and ecosystem based on its next-generation infotainment system.
During his keynote speech at Pleos 25, Chang Song, President and Head of Hyundai Motor and Kia’s Advanced Vehicle Platform (AVP) Division, officially announced Pleos, the Group’s new mobility software brand and technology platform.
“In the rapidly changing automotive industry, Hyundai Motor Group has been dedicated to SDV development since 2023. Today, starting with Pleos 25, we are transforming into a company providing software-centered mobility experiences,” Song said. “Our ultimate goal is to achieve Cloud Mobility, where all forms of mobility are connected through software on the cloud, and continuously evolve over time. Pleos serves to create a connected mobility experience expanding from a vehicle to fleets, hardware to software, and ultimately to the entire mobility infrastructure and cities.”
What is Hyundai Motor Group’s Pleos software brand?
Pleos is a mobility software platform that supports all devices in motion to move autonomously and be managed smartly. It connects transportation and infrastructure, including vehicles, to help users, businesses and cities establish a freer, more efficient mobility environment.
Pleos is an end-to-end software platform that integrates:
• High-performance chips and controllers
• Vehicle operating system (vehicle OS)
• Infotainment system (Pleos Connect)
• Cloud infrastructure
• Fleet management
• Mobility and logistics optimization solutions Read More
Volvo’s most fuel-efficient truck ever – the Volvo FH Aero – is the winner of the 2025 Green Truck award. The Volvo FH Aero offers a combination of good aerodynamics and an efficient powertrain, resulting in savings in fuel and CO2 according to an independent test. The annual Green Truck test is a comprehensive and independent comparative press test to identify the most fuel-efficient long-haul truck, organized by the German trade magazines Trucker and Verkehrs-Rundschau. This year’s winner is the Volvo FH Aero with a 420hp D13 engine and Volvo’s I-Save package, as well as the company’s new Camera Monitor System, which saves fuel thanks to its positive impact on aerodynamics. The Volvo truck performed an average fuel consumption of 21,20 liter/100km on a test route defined by the organizer.
Roger Alm, President Volvo trucks said: “With the Green Truck win, Volvo Trucks has a hattrick! First, we were the only brand to score five stars in Euro NCAP’s first ever safety test for trucks, then we became the biggest heavy truck brand in Europe in 2024, and now the Volvo FH Aero is the most fuel-efficient truck in an independent test – I am so proud of all these achievements!” Read More
Toyota Sales, Production, and Export Results for February 2025
Toyota Motor Corporation announces its sales, production, and export results for February 2025, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.. Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
Submit your Releases or contact us now!
Follow us: on Twitter | Instagram
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
