• Lifan, Ricardo to develop 3-cylinder turbo engine

    2018-07-27
    Ricardo PLC has signed an agreement with Chongqing Lifan Automobile Engine Co. to develop a 1.0-liter turbocharged direct-injection engine for small vehicles.Ricardo engineers in Shanghai and the United Kingdom will work on the project, the company said, and the engine will help Lifan meet China's Stage 4 fuel economy requirements.Ricardo and Lifan...
  • Automakers stay in Russia despite risk of high losses

    2018-07-27
    MOSCOW (Bloomberg) -- Automakers such as Volkswagen Group, Renault and Ford Motor continue to compete for market share in Russia, even as auto demand tumbles, putting them at risk of selling each vehicle at a loss.With price increases failing to match the ruble’s decline, foreign automakers can lose as much as $2,000 on each vehicle sold, accordin...