Tag: 500

Indy 500 scraps plan for spectators as COVID-19 surges in Indiana

by  on  in Automobile

The Indianapolis five hundred will not have any spectators in attendance after the Indianapolis Motor Speedway (IMS) reversed course on Tuesday, having at first prepared for close to a hundred,000 fans at the race which has been rescheduled for later on this month.

With the COVID-19 pandemic raging in various regions of the United States and having already claimed about a hundred and fifty,000 life, IMS said it was an abundance of warning that prompted it to abandon initiatives to have fans at the Aug. 23 event.

Indiana is 1 of the regions observing a rise in COVID-19 instances, with

… Read More

Minimum Rs 500 cr net worth must for licence to sell petrol, diesel to retail, bulk users, Auto News, ET Auto

by  on  in Top Cars

For those seeking authorisation for both retail and bulk should have a minimum net worth of Rs 500 crore at the time of application.
For all those trying to get authorisation for equally retail and bulk need to have a least internet truly worth of Rs 500 crore at the time of application.

New Delhi: The authorities on Tuesday claimed any entity with a internet truly worth of at the very least Rs 500 crore is eligible for getting the liberalised licence to promote petrol and diesel to retail and bulk consumers.

Clarifying on the November 2019 liberalised gasoline licensing routine, the Ministry of Petroleum and Purely natural Gasoline claimed any entity with a internet truly worth of Rs 250 crore can get a

… Read More

Pebble Beach Is Giving Away A Lexus LC 500 Convertible

by  on  in Car Reviews

The prestigious Pebble Seaside Concours d’Elegance is a person of several events impacted by the worldwide pandemic. Even so, with this year’s extravaganza getting place on maintain, it’s not just car or truck content that falls away, but also the Boys & Girls Clubs of Monterey County, a charitable institution that has been supported by Pebble Seaside for decades. To assistance make sure that the initiative nevertheless receives guidance this yr, Lexus has donated an LC five hundred convertible and Pebble Seaside is holding a drawing of 3,000 tickets, each and every of which has a probability to acquire the

… Read More

2021 Lexus LC 500 Convertible Pricing

by  on  in Automobile

When the 2021 Lexus LC 500 Convertible arrives in sellers this summer, it will have a price tag tag beginning at $102,025, which includes the $1,025 desired destination demand. That is $eight,050 more than the foundation 2021 LC 500 Coupe. 

As we realized when the droptop LC was disclosed at the L.A. Car Clearly show very last calendar year, Lexus did more than only observed off the roof. Engineers improved chassis rigidity by including, reshaping and/or relocating structural braces, which includes the rear suspension brace tower. To counter this, excess weight is reduced at the rear by applying a die-forged

… Read More

EV maker Xpeng raises $500 million

by  on  in Auto Classifieds

BEIJING/HONG KONG — Chinese electric powered vehicle company Xpeng Motors, backed by Alibaba Group Holding Ltd, said Monday it has elevated all over $five hundred million in its newest funding spherical.

As enthusiasm builds for far more climate-helpful automobiles, shares of EV makers, together with Tesla Inc. and Nio Inc., have surged in current months and automobile makers are seeking to the markets for money.

Li Vehicle, Xpeng’s rival, submitted for a U.S. initial public offering before this month.

Traders in Xpeng’s newest funding spherical incorporate Aspex, Coatue, Hillhouse and Sequoia Capital China, 6-12 months-outdated Xpeng said in a statement,

… Read More