Automotive News Roundup; October 11, 2024: Nissan to launch vehicle-to-grid technology in 2026
London, (Oilandgaspress) ––Nissan today announced it will launch affordable bi-directional charging on selected electric vehicles in 2026. The project progresses the commitment made in Nissan’s business plan, The Arc, to deliver differentiated innovations that enable the EV transition, while unlocking new revenue streams. It also supports the company’s long-term vision, Ambition 2030, to create a cleaner, safer, and more inclusive world.
Vehicle-to-grid (V2G) technology enables EV owners to use electricity stored in their car’s battery to power their homes or sell it back into the grid.
EVs equipped with V2G technology can play a crucial role in integrating and increasing the mix of renewables into the energy supply by storing electricity generated by wind or solar and directing it into the grid when needed, reducing dependency on fossil fuels. The project is underpinned by Nissan’s extensive experience in V2G, with a total of approximately 40 pilot projects conducted in various markets around the world throughout the past decade.
Following a successful year-long trial at The University of Nottingham, UK, Nissan has become the first automotive company to gain G99 Grid code certification1 with an AC-based solution2. A G99 certificate enables the holder to supply electricity into the UK national energy supply* Read More
Mercedes-Benz is partnering with the Ontario Vehicle Innovation Network (OVIN), the Government of Ontario’s flagship initiative for the automotive and mobility sector. The purpose is to expand startup creation and scouting activities in North America and to promote the commercialisation of automotive innovation. The OVIN Incubators Program will focus on identifying and fostering innovation in future software & AI, future vehicle components and future electric drive. Working with startups, and in partnership with OVIN, Mercedes-Benz will help progress promising projects through the provision of its specialist expertise and use cases. Selected projects will also benefit from the international Mercedes-Benz STARTUP AUTOBAHN network. Separately, the company intends to start a research collaboration with the University of Waterloo, Ontario with a focus on neuromorphic computing for automated driving applications. The move complements a range of ongoing Mercedes-Benz R&D activities in Canada. Read More
Chinese battery manufacturers, led by CATL, are introducing new batteries capable of superfast charging, achieving 80% charge in under 10 minutes.The world’s biggest battery makers are working to make electric vehicles more attractive to hesitant buyers by offering a five-minute charge time for a decent range that would give drivers the same superfast experience as they would have at a gas station.
The Chinese battery manufacturers are leading in the race to superfast charging as their lithium iron phosphate (LFP) batteries are not as susceptible to overheating as the nickel-cobalt chemistry in the batteries of their competitors in South Korea. China’s Contemporary Amperex Technology Co., Limited (CATL), the world’s biggest battery maker, which supplies batteries to Tesla and BMW, among others, unveiled in April the world’s first LFP battery that achieves a range above 1,000 kilometers (620 miles) with 4C superfast charging. Read full article
Esperienza Corsa reaches its pinnacle as thunder meets lightning on Southeast Asian shores, with the dynamic debut of the Lamborghini Revuelto from October 7 to 9 at the Sepang International Circuit in Malaysia. The Revuelto is Lamborghini’s first super sports V12 hybrid plug-in HPEV (High Performance Electrified Vehicle). Revuelto defines a new paradigm in terms of performance, sportiness and driving pleasure from its unprecedented new architecture; innovative design; maximum-efficiency aerodynamics; and a new carbon frame concept.
The vehicle accelerates from 0-100 km/h in only 2.5 seconds and a top speed of more than 350 km/h. With its exceptional dynamism and versatile driving modes, the Revuelto super sports car expresses its amplified qualities both on track and in daily driving. Read More
Volkswagen of America, Inc., announced pricing for the 2025 Taos, refreshed with a bold new look, upgraded technology, and more power to complement the versatility and efficiency of this affordable, fun-to-drive SUV. Pricing for Taos models will start at an MSRP of $24,995 for the S front-wheel drive model and $26,695 for the S 4Motion all-wheel-drive model. Destination fee is $1,425.
For the 2025 model year, revised exterior styling and an expanded selection of paint options are joined by new wheel designs to deliver even more curb appeal. The updated exterior now sports a more expressive front-end look, including a new bumper design, a new grille with an available light bar, and standard LED projector headlights with available Adaptive Front-lighting System (AFS). Connected taillights and an illuminated Volkswagen badge at the rear add to the distinctive, upscale appearance.
Upgraded in-car tech and powertrain refinements further elevate the appeal of this neatly packaged compact sport-utility vehicle. Specifically, the interior now sports a new dashboard design that features an 8-inch floating infotainment screen. Under the hood, the Taos’s 1.5-liter turbocharged engine gets a power hike from 158 to 174 horsepower, while the all-wheel-drive model now has an eight-speed conventional automatic transmission in place of the previous DSG dual-clutch automatic. Read full article
The global reveal for the European Volkswagen Tayron was October 9th. While this model is widely reported to represent the next version of the Tiguan for the U.S. market, be advised that while the U.S. Tiguan will receive the long-wheelbase setup of this model, the sheetmetal, powertrain options and equipment set will differ markedly. More details about the U.S. Tiguan offer will be forthcoming later this year. Read More
General Motors hosted Wall Street financial analysts at our flexible manufacturing site in Spring Hill, Tennessee to share our optimism about 2025.
GM’s financial performance reflects both continued strength in gas- and diesel-powered trucks and SUVs and an improving financial outlook for our electric vehicles. The electric vehicle market continues to grow. Our attractive portfolio is taking EV market share from our competitors and pulling in many new customers. And we are making rapid progress toward EV profitability.
GM has the most diverse EV portfolio in the industry, which is helping drive our growth. In the third quarter we set another GM EV sales record – and we’re now the number two seller of EVs in North America. We remain on track to build and wholesale about 200,000 GM-branded EVs this year.
We have long range, affordable models like the Chevrolet Equinox EV, luxury EVs like the Cadillac LYRIQ, and powerful, capable electric trucks like the GMC HUMMER EV, Chevrolet Silverado EV and GMC Sierra EV. No matter what you like to drive, there’s a GM EV for you. And we’re going to continue adding new EV models in the months ahead, including the Cadillac VISTIQ and OPTIQ, and the return of the Chevy Bolt in late 2025.
We’re also taking steps to address one of the biggest concerns of people reluctant to consider EVs – range anxiety.
Most GM EVs in North America now boast a range of more than 300 miles, and we will continue to add more range – the new Silverado EV RST can go nearly 500 miles on a full charge. Meanwhile, GM is collaborating with other automakers, charging companies like EVgo, and travel center operators like Pilot Flying J to make charging EVs easier and more convenient. Read Press Release
The modified Kia Telluride X-Pro is set to take on the 2024 Rebelle Rally, marking the third year of competition for Kia America’s most decorated vehicle. Having secured a podium finish every year in the X-Cross class, the Telluride X-Pro returns with enhanced modifications and a renewed drive for redemption.
Professional rally driver, Verena Mei, will once again take the wheel for the fourth year in a row, with seasoned driver and navigator, Kendra Miller, joining her to build a formidable team. Read more at
Ford Performance returns to the 2024 Rebelle Rally with a five-truck lineup, as it continues its partnership with the all-women’s off-road competition as a second-year Silver Sponsor. The team is looking to build on a successful 2023 effort, which included a historic fourth consecutive X-CROSS win. Ford brings back a powerhouse team featuring vehicles from the Bronco family and the debut of the Ford Ranger Raptor, ready to compete in one of the most unique and challenging rallies in the world.
The Rebelle Rally is no ordinary off-road race. Spanning over 1,500 miles of unforgiving Nevada and California desert terrain, it is the longest all-women’s off-road navigation rally in the U.S. Competitors must navigate using only maps and compasses, pushing both their skills and the durability of their vehicles to the limit. Entries are largely stock models—vehicles you can find at a dealership—proving their capability in extreme real-world conditions. Read More
The new 2025 Bronco Free Wheeling appearance package has arrived with a burst of red, orange, and yellow style inspired by Ford’s Free Wheeling trucks, vans and Broncos of the ‘70s and ‘80s. From the late 1970s to the early 1980s, the Free Wheeling package was available for the Ford F-100, F-150, Bronco, Econoline van, and added graphics with red, orange and yellow gradients, painted steel wheels, and black finishes on the grilles, mirrors, and bumpers. Inside the vehicle featured red and orange pin striping on the dash and seat stitching.
The 2025 Bronco Free Wheeling honors that vibrant and confident style. Read Press Release
FIAT will serve as the Official Car at the Rome Film Fest 2024 held from October 16th to 27th at the Auditorium Parco della Musica. This prestigious event will feature some of the most important screening theatres and will see the involvement of many cultural organizations from across the capital. The brand will take part in the renowned fest with some of its most popular vehicles such as the Topolino, Grande Panda, Fiat 600 in its electric and hybrid versions and E-Ulysse.
FIAT, a global brand that seeks to create a more sustainable world for everyone, never misses a chance to spread at most a more sustainable urban mobility, making the electrified driving experience easier and more accessible to everyone.
On this special occasion, the brand continues to testify its commitment to sustainability, reiterating its mission by choosing BEV and Hybrid models to make the guests’ travels special. FIAT’s participation at the Rome Film Fest also celebrates the brand’s indissoluble connection to the world of cinema, a relationship that began at the turn of the 20th century. Over the years, many FIAT’s models have been chosen from great producers to create thousands of movies, documentaries and commercials, testifying the brand’s relevance in the history of cinema, thanks to the many cars that are now perceived as national heritage outside the automotive industry. Read More
Stellantis remains resilient and committed to its long-term strategy. Though overall industry sales have declined in recent months, Stellantis’ strong performance in select brands and countries underscores its ability to navigate tough market conditions.
Stellantis closed the third quarter of the year with a 17.6% market share in EU29 markets YTD September and maintained its strong position as the second in the European ranking. Dodge and Jeep® brands performed especially well, increasing in sales versus last year. The company is #1 in France, Italy and Portugal in September and YTD.
Stellantis held 30% market share YTD in France and over 31% in Italy, with five models in the top ten in both markets (PC). In France, the top models included the Peugeot 208, 308, 2008, 3008, and Citroën C3, while in Italy, the list featured the Fiat Panda, Lancia Ypsilon, Citroën C3, Peugeot 208, and Jeep Avenger, which also secured its position as the best-selling SUV. In Germany, sales increased by over 9%, with several brands recording double-digit growth versus last year and keeping market share close to 14%. Bulgaria, Croatia, Czech Republic, Ireland, Romania and Slovenia all recorded significant sales growth, as well.
Stellantis Pro One ranked #1 in the CV market with over 29% market share and a 1% year-over-year volume increase, alongside growth in the BEV segment. In Germany, this growth was again particularly notable, with a 3-percentage point increase in market share and sales up by 25%. Sales growth also in the Netherlands (+21%), Spain (+20%) and Portugal (+7%), with Austria once again CV market leader last month. Read More
Stellantis N.V. announced today that its Third Quarter 2024 Shipments and Revenues will be released on Thursday, October 31, 2024.
A live webcast and conference call for the Third Quarter 2024 Shipments and Revenues will begin at 1:00 p.m. CET / 8:00 a.m. EDT on Thursday, October 31, 2024.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $75.25 | Up |
| Crude Oil (Brent) | USD/bbl | $78.76 | Up |
| Bonny Light 11/10/24 , CBN | USD/bbl | $80.82 | Up |
| Dubai | USD/bbl | $76.09 | — |
| Natural Gas | USD/MMBtu | $2.68 | Up |
| Murban Crude | USD/bbl | $78.55 | Up |
| OPEC basket 10/10/24 | USD/bbl | $77.23 | Up |
TOYOTA GAZOO Racing (TGR) and MoneyGram Haas F1 Team announced today that they have concluded a basic agreement on entering a technical partnership concerning MoneyGram Haas F1 Team vehicle development and collaborative efforts. Through this partnership, the two sides aim to contribute to the development of the automotive industry by creating an environment in which young Japanese drivers, engineers, and mechanics can gain experience and grow in the FIA Formula One World Championship (F1), the pinnacle of motorsports. Read full article
A sparkling array of Bentley models will be on display at the 90th edition of Le Mondial de l’Auto in the French capital from Monday 14 October. Bentley Paris will present a dynamic quartet of luxury cars that highlight the company’s ongoing shift towards a carbon neutral future.
The premiere model on the Bentley Paris stand will be the new Continental GT Speed, making its French public debut at the show. Resplendent in Extreme Silver paintwork with contrasting Kingfisher interior trim, the First Edition model will only be available in limited numbers. This latest version of the ultimate Grand Tourer offers unique First Edition badging and other premium features normally only available as options.
The most powerful road car in Bentley’s 105-year history, the new fourth-generation Continental GT is equipped with the company’s new potent 782 PS 1,000Nm Ultra High Performance Hybrid V8 powertrain, offering 81 km of electric-only range and lowly CO2 emissions of just 29 g/km.
Alongside the all-new model will be one of the last Continental GTs powered by Bentley’s iconic W12 engine, hand-built in England by the company’s in-house coachbuilder, Mulliner. Painted Portofino blue with Saddle trim, the 6.0-litre, twin-turbocharged model marks the end of the most successful 12-cylinder engine of the modern era, with more than 100,000 examples built.. Read full article
Bentley Motors and JCT600 have launched a brand new showroom facility in Leeds, marked with an exclusive open evening where customers and special guests were welcomed to view the new home of Bentley Leeds for the very first time. The new Continental GT Speed and GTC Speed were also unveiled and displayed alongside the new Flying Spur Speed – a showcase of Bentley’s all-new Ultra Performance Hybrid range.
Designed as an instantly recognisable retail environment to showcase the brand, the new Leeds showroom represents the very best of Bentley – a remarkable fusion of craftsmanship, design innovation and sustainability.
The showroom space is designed to be both open and luxurious, as well as intimate and cosseting in key customer hosting spaces. The large dual-aspect glazed frontage floods the showroom with natural light highlighting the latest range of Bentley models at their best.
Discreetly tucked away sits the Bentley Commissioning Area, a private sanctuary featuring high-definition screens, paint samples, leather swatches and technical finish samples, serving inspiration for customers as they begin the bespoke process of commissioning their unique Bentley configuration. . Read full article
Audi of America reports third quarter business results
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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