Blog Masonry

Volkswagen Group could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia\’s invasion of Ukraine threatens to shake up Europe\’s industrial landscape.

Pendragon, the London-listed car dealer behind brands including Evans Halshaw and Stratstone, has received a fresh £400m takeover approach from its largest shareholder. The approach is expected to be confirmed in a stock exchange announcement.

The Russian Kommersant newspaper, which first reported the plans, said the factory, which has a capacity of 100,000 units a year and produced the Camry and RAV4 models, would be preserved and might be sold in the future.

Festooned with more BMW design cues than a knockoff track suit, the colorful BMW M Hybrid V8 is set to enter the inaugural IMSA GTP class at the 24 Hours of Daytona, where Acura has long reigned supreme.

Now featuring twin turbos, this 4.0-liter V-8 features a redline of 8200 rpm and delivers up to 640 horsepower. It’s mated to an IMSA-specified hybrid system, while a separator clutch between the two engines allows for electric-only driving at pit speeds.

Volkswagen announced that it would close its Nizhny Novgorod factory in July, while ​​Aston Martin, BMW, Ford, General Motors, Honda and Jaguar Land Rover have halted sales in the country.