Ferrari unveils plans to make 80% of its models electric or hybrid by 2030

Race and luxury car manufacturer Ferrari said Thursday it plans to make 40% of its models…

Kering’s Fashion brand Gucci to accept payments in cryptocurrency in select US stores

Luxury fashion brand Gucci has announced that it would accept payments in cryptocurrency in some of…

British carmaker Lotus reportedly plans to raise capital to expand production capacity

British carmaker Lotus, majority-owned by China’s Geely Automobile Holdings, is exploring to float an initial public…

Volvo plans to invest $1.1B in Torslanda plant to produce fully electric cars

Swedish car manufacturer Volvo Cars plans to invest $1.1 billion (SEK 10 billion) in its Torslanda…

Rolex Daytona JPS 6264 reaches $1.5 million in record online sales

  Gold model that brings the colors of a legendary Formula 1 car was up for auction…