The Volvo S60 has reached its end

At the beginning of the century, Volvo introduced the compact executive car S60 from which the Swedish manufacturer expected a lot, but in the end got little. After two decades of production, the Volvo S60 is retiring. This is a continuation of the abolition of diesel engines, which was announced last year.

The Volvo S60 has reached its end

While other major manufacturers decided on a gradual transition to fully electric cars by 2030, Volvo chose a radical move in mid-2023. End of production of all diesel models by the beginning of 2024.

“Electric powertrains are our future, and superior to combustion engines: they generate less noise, less vibration, less servicing costs for our customers and zero tailpipe emissions. We’re fully focused on creating a broad portfolio of premium, fully electric cars that deliver on everything our customers expect from a Volvo – and are a key part of our response to climate change,” says Jim Rowan, Chief Executive at Volvo Cars.

The goals that the Volvo S60 was supposed to fulfill were not realized while traditional sedans were still high on the market. Now that demand for SUVs is on the rise, the S60 simply isn’t profitable anymore. Disappointed, Volvo decided to completely remove the S60 from its fleet. The last examples of the S60 will be produced at the US plant in South Carolina by the end of this month. Its replacement will be the all-electric Volvo ES60, but it is currently unknown when it will appear on the market.

Source: Volvo

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McMurtry Spéirling is the fastest car at the Hockenheimring

At the 2021 Goodwood Festival of Speed, McMurtry unveiled a super-powerful electric single-seat car, the McMurtry Spéirling, which recently set the fastest lap time at the Hockenheimring.

McMurtry Spéirling is powered by two electric motors with a total power of 1,000 hp (746 kW). That’s enough power for the car to reach 60 mph in 1.40s, 100 mph in 2.63s, 145 mph in 4.98s, with a top speed of 185 mph (298 km/h). It is equipped with a 100 kWh battery system and has rear wheel drive.

This electric car completed the 6,802 km (4,227 miles) long circuit with a time of 1:24.43, i.e. 3.907 seconds faster than the fastest DTM race car in the 2020 qualifiers. Also, this is 14.1 seconds faster than the Mercedes-AMG One, a track-focused hypercar with an F1 engine. The result is even more impressive if we know that the car used only 75 percent power and 75 percent downforce.

The car was driven by former F1 driver Max Chilton, who felt he could have driven better. However, he had a positive opinion about the car and was especially pleased with the system that keeps the car stuck to the ground.

Source: Carscoops

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Fisker went bankrupt

The American automotive company founded by Danish automotive designer Henrik Fisker and his wife Geeta Gupta-Fisker, has been trying to stay afloat for years, but not everything went according to plan. After eight years of business, the company went bankrupt.

Over the years the debts have increased and now the owners are forced to sell off the property to avoid foreclosure. According to the company, Fisker has assets worth more than $500 million, but also debts of $500 million. That means they will survive.

In 2023, Fisker had big plans. 40,000 electric vehicles were targeted, but only 10,000 left the production lines. The Ocean SUV has received mixed reviews, with Consumer Reports claiming that the promise has not been fulfilled, while regulators have addressed issues with brakes and doors that won’t open. Further complicating the situation for Fisker was the fact that the Ocean lost its place on the list of tax-deductible electric vehicles unless leased because it was manufactured outside of North America.

At the beginning of the year, production of the Ocean model was halted even though they dropped the price to $24,999 in an attempt to raise cash, but trading in the stock was suspended in March. The company admitted that they could run out of capital by the end of 2024. Unfortunately, this turned out to be true, so discussions with potential partners such as Nissan followed, but without success.

The car market has become really cruel, and the American manufacturer is just one of the companies that, in the years to come, will experience the same fate.

Source: Reuters

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