Seeing Machines: Revenue accelerates but losses mount as transition drags August 28, 2024 Driver monitoring technology company Seeing Machines has reported an expected revenue of $67.6m (£51.1m) for its financial year 2024, marking a 17 per cent jump from $57.8m (£43.7m) reported for 2023. Annualised recurring revenue climbed 11 per cent year-on-year to $15.1m (£11.4m) from $13.6m (£10.3m) the previous year. The company’s technology is now deployed in [...]
Profit slumps by over £400m at Lloyds-owned car leasing firm August 27, 2024 Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted a pre-tax profit of £124.4m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the business posted [...]
New Maserati GT2 Stradale is an MC20 racer for the road August 21, 2024 Maserati has pulled the wraps off a new track-focused supercar. The MC20-based GT2 Stradale made its world debut as part of Monterey Car Week in California. Designed with circuit use in mind, Maserati has created an extreme version of its flagship MC20, with direct inspiration from the marque’s latest GT2 race car. More horsepower, and [...]
Lamborghini Temerario has a 920hp V8 and revs to 10,000rpm August 20, 2024 Lamborghini has used Monterey Car Week to reveal its replacement for the Huracan – and bid farewell to the naturally aspirated V10 engine. The Lamborghini Temerario becomes the Italian marque’s new ‘junior’ supercar, slotting into the range beneath the V12 Revuelto. As per long-standing Lamborghini tradition, the Temerario is named in honour of a famous fighting [...]
Porsche 911 Turbo celebrates 50 years with retro special edition August 20, 2024 After 60 years of the Porsche 911 in 2023, this year sees the flagship 911 Turbo celebrate its 50th anniversary. And the folk in Stuttgart have not let the occasion pass unnoticed. Porsche announced the aptly-named 911 Turbo 50 Years edition at the glamorous Monterey Car Week in California. Production will be limited to 1,974 [...]
Electric Moke review: driving a reborn icon of the Swinging Sixties August 14, 2024 Question: what do The Beatles, Madonna, George Russell, Jennifer Lopez, The Beach Boys, Cher, Hunter S Thompson, Brigitte Bardot and Kate Moss all have in common? The answer, obviously, is that they have all been pictured in a Moke. First launched in 1964, the Moke simultaneously stuck two fingers up to fashion while being embraced [...]
Mercedes-Benz CLE review: Two become one in luxurious coupe August 10, 2024 Cast your mind back to the early 2000s, a time when Mercedes-Benz seemingly embarked upon a plan to cover every possible niche in the automotive market. The results included oddities such as the R-Class, along with a proliferation of coupes and ‘shooting brake’ estates. Time has moved on, however, and Mercedes is now attempting to [...]
Lamborghini Revuelto: Hybrid tech brings hypercar performance August 9, 2024 Like an automotive sequel to Night at the Museum, I half-expect the slumbering supercars to burst uproariously into life. But there’s still an hour to go before the Museo Lamborghini opens its doors to the public, the lights are dimmed and all is eerily calm. I sit alone for a few moments in quiet contemplation, [...]
The star cars to see at London’s Concours of Elegance this month August 8, 2024 Hampton Court Palace will shortly play host to some of the most exotic and exquisite classic cars from around the world. Taking place in West London later this month, the must-visit Concours of Elegance is now into its 13th year. Around 1,000 classic cars will be parked inside the grounds of the royal palace during the [...]
Volvo: Record-breaking year for car maker as UK sales near £2bn August 7, 2024 Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.