Tag: Luxury vehicles

  • First 2024 Tesla Cybertruck auctioned for over PKR 11 crore

    First 2024 Tesla Cybertruck auctioned for over PKR 11 crore

    Production of the Tesla Cybertruck seems to have finally started, with reports of a 2024 Cybertruck being auctioned at the Petersen Auto Museum during their 29th gala event hosted by Jay Leno.

    The truck supposedly sold for a staggering $400,000 (PKR 112,551,880). However, the museum couldn’t confirm the exact winning bid due to internal policies.

    This sale, if confirmed, would mark the first official sale of a Cybertruck. Originally revealed in 2019, the production timeline for the unique pickup was repeatedly delayed, pushing it past its initial 2021 target.

    The auction offered a “low-VIN” 2024 Cybertruck, with the winning bidder receiving their vehicle when Tesla completes production. Essentially, it’s an auction for a build slot rather than an immediate car.

    Recent sightings of Cybertrucks being tested and transported on flatbeds suggest progress. Tesla had previously announced that full-scale production wouldn’t commence until 2024, but they claimed that the first Cybertruck was built in July at their Giga Texas factory.

    It’s worth noting that this isn’t the first high-interest EV truck to be auctioned, with the 2024 GMC Hummer EV SUV and the Hummer EV SUT truck also fetching high prices at auctions.

    Despite these developments, Tesla has not announced an official delivery start date for the Cybertruck. Furthermore, specifications for the production model remain unconfirmed.

    Originally priced around $40,000, there were plans for various variants, including a single-motor rear-wheel-drive base model and a high-performance tri-motor version, but it’s unclear which will be produced in 2024, if any.

    In any case, the Cybertruck is now a tangible reality, as evidenced by Tesla’s recent video of it driving off-road in Baja, Mexico. It’s only a matter of time until it officially hits the market.

  • Punjab govt set to spend Rs2.3 billion on new cars for officials

    Punjab govt set to spend Rs2.3 billion on new cars for officials

    In a recent development, the caretaker government of Punjab has taken a decision to acquire 200 new vehicles at a total cost of Rs2.3 billion, raising concerns about the use of taxpayer money on luxury vehicles for bureaucrats.

    According to reliable sources, the financing for this purchase will be drawn from the tax revenue contributed by the public, prompting scrutiny over the allocation of such a substantial amount for the benefit of government officials.

    A letter has been issued requesting the release of advance funds from the finance ministry to facilitate the acquisition process. The Assistant Commissioners throughout Punjab are slated to get Toyota Corolla Altis 1600cc vehicles, while Deputy Commissioners in each district will be given Toyota Yaris. At the Tehsil level, Assistant Commissioners will be provided with Double Cabin vehicles, as per an official notification.

    However, amidst this decision, a concerned citizen has taken legal action by filing a petition in the Lahore High Court (LHC), seeking the removal of Punjab’s caretaker Chief Minister, Mohsin Naqvi, and his cabinet members from office. The petitioner argues that the caretaker government’s term has exceeded its constitutional mandate.

    The petitioner contends that although the Supreme Court has extended the election date in the province, it has not extended the tenure of the caretaker government. Consequently, the continued occupation of office by Caretaker CM Mohsin Naqvi and his cabinet is perceived as a breach of the constitution and raises questions about its constitutional legitimacy.

    As the situation unfolds, public attention remains focused on the utilisation of public funds for bureaucratic privileges, while the legal challenge adds further complexity to the already contentious political landscape in Punjab.

  • Koenigsegg’s new Gemera to offer mind-blowing 2,300 horsepower hybrid powertrain

    Koenigsegg’s new Gemera to offer mind-blowing 2,300 horsepower hybrid powertrain

    We have been acquainted with luxurious alternatives in the past, yet never encountered anything quite as remarkable as this. According to reports from the inauguration event at Koenigsegg’s newly established manufacturing facility, the company is poised to offer purchasers of the Gemera model an unprecedented V8 hybrid powertrain, boasting a staggering output of 2,300 horsepower.

    Upon its initial revelation, Koenigsegg pledged that the Gemera, a two-door, four-seat vehicle, would exhibit a still-excessive 1,700 horsepower (1,268 kW/1,723 PS) generated by a three-cylinder engine harmoniously integrated with a hybrid system.

    However, the Egg Registry reports that the production iteration of the Gemera will present an alternative powertrain. Discarding the three-cylinder engine, the vehicle will adopt a V8 engine sourced from the Jesko model.

    The aforementioned 5.0-liter twin-turbocharged engine already commands an impressive output of 1,578 horsepower (1,177 kW/1,600 PS) and 1,106 lb-ft (1,500 Nm) of torque when utilising E85 fuel in the Jesko. Moreover, the company boldly asserts that this engine holds the title of the fastest revving production engine in existence, rendering it a highly coveted addition to nearly any automobile.

    According to CarScoops, the precise method by which this powerhouse will fit within the same space previously occupied by the comparatively diminutive three-cylinder engine remains uncertain. Nonetheless, reports indicate that it will be coupled with Koenigsegg’s nine-speed Light Speed Transmission and, owing to the inclusion of the hybrid system, deliver an awe-inspiring 2,300 horsepower and 2,028 lb-ft (2,750 Nm) of torque.

    Furthermore, the production model of the Gemera will be equipped with physical side mirrors instead of the cameras featured on earlier prototypes, adhering to the regulatory requirements of the United States. For enhanced performance, an optional “Ghost Package” will introduce several aerodynamic enhancements, including a rear wing, an extended front splitter, and an S-duct. It is worth noting, however, that this package compromises practicality by eliminating the front trunk.

    Regrettably, the outlet informs us that production of the Gemera is still a considerable amount of time away, with the first customers anticipated to receive their vehicles in 2025.