Australia's Macquarie Asset Management raises $4.1 billion for European infrastructure debt fund
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Auto Car
9 minutes ago
- Auto Car
BMW M's signature engines live on! Straight six and V8 to be updated for new emissions rules
BMW M's signature straight-six and V8 engines will survive the introduction of the tougher Euro 7 emissions regulations – and, the division's boss claims, with no loss of performance. Although the emissions levels allowed for cars are unchanged from the current Euro 6e regulations, they will be tested over a broader (and harder) range of scenarios said to better reflect real-world driving. They must also remain compliant for 10 years or 124,000 miles, twice as long as currently. Brake and tyre emissions will also be monitored for the first time. Speaking to Autocar at the Goodwood Festival of Speed, BMW M CEO Frank van Meel said 'the challenge was not so much to make an engine that is EU7 compliant', but to 'keep performance'. He explained: 'The whole story is about driving with lambda one [when the air-fuel ratio for combustion is perfectly matched] so you have to keep that, and there's no cooling. Normally, if you are in high-performance situations, you cool using the fuel. With EU7, that's impossible, so you need to find different ways of avoiding temperature build-up. 'The combustion process has to be improved in regards to heat build-up and also the cooling, and those are the challenges. Of course you can [reduce] performance to avoid this temperature increase, but you don't want to – that's where we started. The new balance of performance is that we drive lambda one, but we don't want to lose performance.' Van Meel would not be drawn on how M has reworked the engines to achieve this, saying only that it has made some 'very interesting' tweaks that it will discuss in detail in due course. 'The six-cylinder in-line engine is our legacy, and the V8 has got a long history in racing, so we intend to keep going,' said Van Meel. Asked whether M would consider downsizing to three- or four-cylinder powerplants with increased electrification to reduce emissions, he simply replied: 'No.' He added that such engines cannot meet M's 'very specific mindset' for how it wants performance cars to drive, with regard to torque delivery, rev ranges and the weight of its models. 'I couldn't imagine putting a four-cylinder in an M5,' he said.
The Sun
9 minutes ago
- The Sun
Jaguar unveils NEW Range Rover logo months after backlash over ‘woke' rebrand
JAGUAR Land Rover have revealed a new Range Rover logo just months after backlash over their "woke" rebrand. The new emblem features a pair of Rs in the brand's trademark minimalist, wide-set font and is the first designed for Range Rover since it launched its original car in 1970. Jaguar Land Rover made the announcement as part of the wider rollout of the highly anticipated electric Range Rover in the coming months. However, the new badge will not replace the "Range Rover" lettering on the vehicle itself, and will complement the traditional design of the vehicle. A spokesperson for Jaguar Land Rover told Autocar that the Range Rover motif has been altered to be present when the familiar "Range Rover" lettering does not fit. This could be on a label, as part of a repeating pattern or at event spaces, when an emblem is "more appropriate", the spokesperson added. The classic "Range Rover" spelling on the popular vehicles has been a staple for drivers since they were introduced in 1970. As part of the brand's overarching House of Brands strategy, Range Rover is now a sub-brand of JLR, alongside Jaguar, Discovery and Defender. It comes after the iconic British car manufacturer sparked outrage in November when it launched a glossy ad campaign with bright colours and catwalk models. Soon after, it unveiled the bizarre Type 00 concept car - a large, pink grand tourer - as well as a much-maligned new logo and badge. The controversial ad excluded any images of its sleek sports cars as it touted its transition to a fully electric, ultra-luxury company. And the scrapping of the well-known big cat badge in favour of a geometric 'J' design also drew fierce criticism. The likes of Nigel Farage and even Elon Musk led the critics, with Farage describing it as "woke" and warned the automaker risked "going bust" due to its new design choice. Earlier this month it was revealed that Jaguar sales in Europe have plunged 97.5 per cent following the botched rebrand. The luxury British automaker registered just 49 vehicles in Europe in April, compared with 1,961 vehicles in the same month last year, according to data from the European Automobile Manufacturers' Association. Meanwhile, Jaguar sales between January and April plummeted 75.1 per cent, with just 2,665 cars sold across the continent.
Daily Mail
9 minutes ago
- Daily Mail
Ryanair profits DOUBLE at start of holiday season as fares jump
Ryanair doubled its profits in the first quarter, thanks in part to the timing of the Easter holidays and higher air fares. Profits after tax rose 128 per cent to €820million (£710million) in the three months ending June, while flight prices rose 21 per cent. Michael O'Leary, chief executive, said fares had 'substantially benefitted from having a full Easter holiday in April, weak prior-year comps and marginally stronger than expected close-in pricing.' Revenue was 20 per cent higher at €4.34billion (£3.76billion) as passenger numbers increased 4 per cent from 55.5million in June 2024 to 57.9million in June 2025. The Irish airline said it continued to see strong demand and full-year traffic remains on track to grow 3 per cent to 206 million passengers. Defying gloom: Ryanair boosted profits in the first quarter despite industry headwinds In the second quarter, when European airlines make most of their profit, Ryanair says it expects to recover most of the 7 per cent fare decline seen last year. O'Leary said it was too early to provide full-year profit guidance as it would be heavily dependent on external factors, including the impact of tariffs, European air traffic control 'mismanagement', and conflict in the Middle East and Ukraine. Ryanair is Boeing's largest customer in Europe and is particularly exposed to the impact of tariffs on commercial aircraft. However, the airline said it was hopeful an exemption could be agreed between the EU and US. Mark Crouch, market analyst at eToro, says: 'Ryanair's latest numbers leave little doubt, this airline is built differently. 'Profits more than doubled in the three months to June, and all this while tariff uncertainty lingers and Boeing delays continue to hold back fleet growth. Most carriers would kill for these kinds of 'problems'. 'It's not just that Ryanair is outperforming a sector still facing turbulence, it's that it's doing so with a kind of swagger. 'Where others are weighed down by cost inflation, wavering passenger demand, and operational chaos, Ryanair is flying straight through it. Fewer planes? No problem. Higher fares? Passengers still pile in.' By contrast, EasyJet reported last week that industrial action by French air traffic control could weigh on profits this year. Kenton Jarvis told investors last week that French unions had presented 'unacceptable challenges for customers and crew' and created unexpected and significant costs for all airlines'. Ryanair came under fire over the weekend after an investigation by The Sunday Times claimed the airline pay bonuses to staff who catch travellers with oversized luggage. An employee claimed they were paid €1.50 (£1.30) per bag, with a €80 monthly limit.
