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Top News In Property Observer Today - Breaking & Trending Today

BMW buys Alpina tuning house, as electric shift renders performance engineering unviable - Vimarsana News

BMW buys Alpina tuning house, as electric shift renders performance engineering unviable

The contemporary shift to electric powertrains is squeezing old-school engine performance tuning-houses out of the market.

Electric ute maker Rivian reports $US4.7 billion loss - Vimarsana News

Electric ute maker Rivian reports $US4.7 billion loss

The start-up – which is partially owned by Ford and Amazon – delivered just 920 vehicles to customers in 2021.

Russia's biggest carmaker Lada shuts up shop as Western sanctions bite - Vimarsana News

Russia's biggest carmaker Lada shuts up shop as Western sanctions bite

Factories have closed and employees have been sent home, as the Soviet-era marque struggles to source "parts and supplies" from Europe. 

Porsche Taycan electric car production paused amid Ukraine conflict - Vimarsana News

Porsche Taycan electric car production paused amid Ukraine conflict

Australian supply of the electric sedan could be affected by the factory shutdown.

BMW recalls one million vehicles with fire risk, Australia not affected - Vimarsana News

BMW recalls one million vehicles with fire risk, Australia not affected

A short-circuiting PCV heater has forced a major BMW recall worldwide, however Australian delivered cars are not affected for now.