There has been speculation that the group will struggle after its banks set up a creditor committee to coordinate claims on the company’s debt. The company is reportedly facing scrutiny from investors who are worried about the former’s ability to handle its debt load following the effects of the corona virus pandemic, and how it went on to affect profits. +++ State-owned Brilliance Auto is the parent company of BRILLIANCE China Automotive Holdings, which builds the likes of the 3-Series, 5-Series and 1-Series, as well as the X1 and X3 locally for BMW. Meanwhile, the xDrive all-wheel drive variant will launch later on. The 510 hp Competition model will join the lineup, featuring an 8-speed auto and rear-wheel drive as well.
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The engine will be mated to a 6-speed manual transmission, with an 8-speed auto probably offered as an option, and rear-wheel drive. Boasting sporty looks, defined by the larger bumpers and side skirts, different grille pattern, quad exhaust pipes, tiny boot lid spoilers and M-style wheels, the new M3 and M4 will have 480 hp available on tap in the standard versions, courtesy of a 3.0-liter twin-turbo straight-6. It also featured the optional laser headlights and carbon fiber roof with rack inserts. The M3 on display was in the higher output Competition spec, adorned with carbon fiber, with a blacked out kidney grille that was allegedly requested by the firm’s U.S.
The latter will apparently adorn the body of the M4 Coupe at launch. The palette will also include the Toronto Red, Tanzanite Blue, Portimao Blue, Dravit Grey, Black Sapphire, Alpine White and Sao Paolo Yellow.
It will launch in the Isle of Man Green color. The 2 performance models will officially premiere in September, as the company has already announced, and it appears that they will be shown on the 23rd. For more information, visit or follow the company on YouTube, Twitter, and LinkedIn.+++ BMW M has supposedly started showing the new-generation M3 Sedan and M4 Coupe behind closed doors. The Turntide technology advances sustainability goals, saves money, and improves sustainability throughout the enterprise. The Turntide Smart Motor System is driven by a patented Turntide Optimal Efficiency Motor™ with intelligent automation and cloud connectivity. Turntide Technologies develops breakthrough sustainability technologies that drive down energy consumption and operating costs in buildings, agriculture, and electric transport, creating a path to 100% renewable energy and business sustainability. To learn more about Turntide and the Smart Motor System, please visit. This investment brings Turntide's total funding to over $400 million. Turntide announced today the completion of $225 million in convertible note financing from investors including the Canadian Pension Plan Investment Board (CPP), Monashee Capital Inc., JLL Spark Breakthrough Energy Ventures, Captain Planet LP, and Suvretta Capital Management LLC. "Combining AVID's technology with the Smart Motor System will allow Turntide to simplify and smooth a path to sustainable transport." "This deal is part of Turntide's multi-year investment in the North East of England known for its decades of innovation in the electrification industry," said Matt Boyle, OBE, Managing Director of Turntide Transport.
By combining the Smart Motor System with acquired electric vehicle technology, Turntide has deepened its technology stack around the motor that includes the inverter, electronics, vehicle control unit, and battery management system. AVID designs power electronics and motors used in electric and hybrid vehicle powertrain systems - such as pumps, fans, and propulsion - for vehicles such as construction machinery, heavy-duty buses, trucks, off-highway machinery, and propulsion robotics.
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