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Keyword: automakers

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  • Renault-Nissan-Mitsubishi has become the world’s biggest carmaker

    04/09/2018 11:47:56 PM PDT · by Cronos · 24 replies
    Economist ^ | 17 March 2018 | Economist
    RENAULT unveiled the EZ-GO, a concept for a robotaxi, at the Geneva motor show, which opened on March 5th. Nissan, in conjunction with DeNA, a Japanese software firm, recently began trials of driverless taxis in Japan. The two companies are pursuing their own paths towards the future of mobility. Yet both are bound together in a close alliance, which celebrates its 20th anniversary next year. In 2016 they were joined by Mitsubishi. Last year the trio sold 10.6m cars between them, one in every nine worldwide. It is a unique carmaking liaison, neither a full merger nor as loose as...
  • Feel The Burn [Elon Musk disaster]

    04/04/2018 6:46:04 AM PDT · by all the best · 72 replies
    Eric Peters Autos | April3, 2018 | Eric Peters
    Even long cons can only run for so long. Elon Musk’s electric car con may be on the verge – finally – of coming unglued. This week, he’ll be forced to reveal actual production numbers for the first quarter of the year which are expected to fall well short of what he promised investors – and buyers, who ponied up deposits based on those promises. Last year, Musk breezily assured both groups that an improbable 5,000 Model 3s – Tesla’s first “mass-produced” electric car – would be rolling off the production line in Fremont, CA each week. He’s come as...
  • VW emissions scandal: German carmaker storing 300,000 diesels in 'graveyards'

    03/29/2018 10:18:48 AM PDT · by Oldeconomybuyer · 69 replies
    Sky News ^ | March 29, 2018 | By Andy Hayes
    It resembles a car park at an enormous open-air venue - but it is actually a knock-on effect of the Volkswagen emissions scandal. Dramatic aerial pictures show row after row of diesel VWs and Audis sitting in the baking California sun, awaiting either repair or destruction in their desert graveyard. This is just one of 37 storage areas the firm has around the US, housing almost 300,000 vehicles. In addition to the pictured site in Victorville, other facilities include a disused suburban football stadium in Detroit and a former Minnesota paper mill. The German company needs plenty of space because...
  • Tesla shares dive again, stung by fatal crash, credit downgrade

    03/29/2018 7:07:08 AM PDT · by MarvinStinson · 33 replies
    reuters ^ | March 28, 2018 | David Shepardson
    NEW YORK (Reuters) - Tesla Inc shares fell sharply again Wednesday, reeling from a credit downgrade by Moody's Investors Service, federal probes of a fatal crash and concerns about Model 3 production. On Tuesday, Tesla tumbled 8.2 percent to its lowest close in almost a year after the U.S. National Transportation Safety Board opened an investigation into a fatal crash and vehicle fire in California on March 23. On Wednesday, a second federal regulator, the National Highway Transportation Safety Administration (NHTSA), said it was sending a team to California to investigate the crash. On Tuesday, Moody’s Investors Service downgraded Tesla’s...
  • In a landmark for Trump, South Korea agrees to open its auto market

    03/26/2018 8:59:45 PM PDT · by NImerc · 103 replies
    Pittsburgh Post-Gazette ^ | 3/26/2018 | Youkyung Lee
    SEOUL, South Korea — South Korea has agreed to further open its auto market to the United States as the two countries prepare to amend their 6-year-old trade agreement following complaints by President Donald Trump. ...It marks the first successful renegotiation of a trade deal for the Trump administration — which used the threat of 25 percent steel tariffs at the bargaining table — and comes as the allies sought to resolve disputes before planned meetings with Kim Jong Un.
  • Trump's tariffs on European cars — a massive own goal?

    03/05/2018 10:09:05 PM PST · by Berlin_Freeper · 36 replies ^ | March 5, 2018 | Nik Martin
    US President Donald Trump's vow to step-up protectionist policies to boost the US car industry could lead to a 10-percent drop in profits for German automakers, Germany's Center for Automotive Research (CAR) has warned. The trade barriers would see the European Union's alliance with America "deteriorate significantly," the center's director, Ferdinand Dudenhöffer told DW. He said Trump's desire to "punish" Washington's main trading partners in Europe would inevitably end in a messy divorce that would hurt US car manufacturers more.
  • Fiat Chrysler is reportedly ditching diesel cars by 2022

    02/28/2018 8:58:33 AM PST · by Red Badger · 46 replies ^ | Feb 26, 2018, 10:58am EST | By Andrew J. Hawkins
    The automaker recently settled a lawsuit over emissions cheating Fiat Chrysler has become the latest automaker to turn its back on diesel-powered engines as more of the industry pivots to battery-electric vehicles. According to the Financial Times, the Italian-American carmaker will end production of its diesel passenger vehicles by 2022. FCA, which manufacturers Jeep, Dodge, Ram, Chrysler, Maserati, Alfa Romeo, and Fiat, will unveil its four-year plan to phase out diesel vehicles on June 1st, the Times says. A spokesperson declined to comment. "Diesel has been falling out of favor" Diesel has long been promoted by governments and carmakers as...
  • Ford plans to ramp up production of the Expedition and Lincoln Navigator amid soaring demand

    02/12/2018 6:29:23 AM PST · by ilovesarah2012 · 38 replies
    CNBC ^ | February 12, 2018 | Phil LeBeau
    With demand for its redesigned full-size SUVs surging, Ford Motor is expanding production of the Expedition and Lincoln Navigator. The automaker will be increasing production of the two SUVs by approximately 25 percent. Both models are manufactured at Ford's truck plant in Louisville, Kentucky.
  • Use of Martin Luther King Jr. to sell trucks infuriates admirers during Super Bowl

    02/05/2018 4:56:23 AM PST · by SoFloFreeper · 64 replies
    NBC FAKE NEWS ^ | 2/5/18 | James Rainey
    ... pregame protesters rallied against racism and a television ad infuriated many viewers by invoking the voice of Martin Luther King Jr. to sell pickup trucks.... ....The biggest blowback, however, was reserved for Dodge. To many commentators, the advertisement seemed to co-opt the martyred civil rights icon in the service of crass commercialism and unblinking patriotism. King loudly opposed the Vietnam War and argued for military expenditures to be redirected to domestic spending — particularly to serve....
  • Ferrari Is Planning to Bring an Electric Supercar to Market

    01/17/2018 12:01:11 PM PST · by nickcarraway · 50 replies
    Fortune ^ | January 16, 2018 | KIRSTEN KOROSEC
    Ferrari will make a battery-electric supercar to snatch some market share and attention away from Tesla, the dominant player in the luxury electric vehicle industry, CEO Sergio Marchionne told reporters at the North American International Auto Show in Detroit. The Italian race car brand’s move towards electrification signals a shift not just for the company, but for Marchionne, who also heads Fiat Chrysler Automobiles (FCA). Marchionne also confirmed plans to bring a Ferrari SUV to market by late 2019 or 2020, Bloomberg reported. Reports of a Ferrari SUV first arose in August. There are scant details on this impending electric...
  • The Ford Ranger Is Finally Back

    01/16/2018 2:37:10 PM PST · by Red Badger · 140 replies ^ | 01/16/2018 | By Timothy Dahl
    Ford has officially announced the 2019 Ford Ranger, the long-awaited return of this midsize truck. From 1983 to 2011, the Ranger was one of the most popular pickups on the road. It disappeared as the car companies moved more and more toward oversized trucks, leaving a big fan base pining for the return of the Ranger ever since. The success of the Chevy Colorado has been a barometer for the mid-size truck market, and sales are up 83 percent since 2014. Now Ford is banking on the new Ranger as a Chevy rival and a solid alternative to its best-selling...
  • Electric Car Future at CES: Unveilings, Surprises and Disappointments

    01/16/2018 5:06:27 PM PST · by Armen Hareyan · 24 replies
    Torque News ^ | Jan 15 2018 | Alex Guberman
    CES 2018 has come to an end but the hype it has created in the world of electric cars is just starting to spread. One of the most anticipated unveilings of this week was the debut of the new Fisker EMotion, a 4 door luxury sedan with 400 mile range and the exotic suicide butterfly doors. It is Henrik Fisker’s second go at creating an electric car after his first company Fisker Automotive has gone out of business only a couple of years after the debut of the Fisker Karma. In my interview with Mr. Fisker he has explained to...
  • Exclusive: Toyota, Mazda to build $1.6 billion plant in Alabama - sources

    01/09/2018 2:56:14 PM PST · by mdittmar · 28 replies
    Reuters ^ | January 9, 2018 | David Shepardson, Bernie Woodall
    (Reuters) - Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new U.S. facilities and threatened tariffs on foreign production, sources said on Tuesday.
  • US Monitor: VW had corrupt culture, flawed leadership

    12/27/2017 8:12:05 AM PST · by GonzoII · 24 replies
    Handelsblatt ^ | Dec 25, 2017 1 | Stefan Menzel & Martin Murphy
    Only six months into his job, the US Justice Department-appointed monitor had some frank words for Volkswagen. “There was a corrupt corporate culture at Volkswagen,” Larry Thompson told Handelsblatt during his first interview since he started his work at VW’s headquarters in June. “It was not a culture marked by honesty and openness. The executives responsible for the affair obviously were not concerned that they would be putting their company in a precarious position.” Mr. Thompson, the former US deputy attorney general under president George W. Bush, has been tasked with preventing any future transgressions at Volkswagen, where the monitor...
  • US tax reform promises big income boost for German carmakers

    12/23/2017 8:39:42 PM PST · by Berlin_Freeper · 18 replies ^ | December 23, 2017 | AFP
    German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings. The controversial tax overhaul signed into law Friday by billionaire President Donald Trump will slash the US corporate tax rate from 35 percent to 21 percent. As a result, Daimler projected its net income to grow by around 1.7 billion euros ($2 billion) this year. "The reduction of the federal corporate income tax rate... results in an income tax benefit increasing the net income of the group for the year 2017...
  • How Tesla’s hunger for tax breaks continues in California

    12/19/2017 3:57:56 PM PST · by artichokegrower · 27 replies
    Sacramento Bee ^ | December 19, 2017 | Christopher Cadelago
    Tesla Motors Inc., as part of its bid to expand electric vehicle manufacturing facilities in California, on Tuesday is up for another sales-and-use tax exemption on nearly $1.2 billion of equipment and machinery.
  • General Motors vs. Toyota: A Fable

    12/07/2017 11:38:47 AM PST · by Strac6 · 42 replies
    email | Unk
    A Japanese company (Toyota) and an American company (General Motors) decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile . The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A management team made up of senior management was formed to investigate and recommend appropriate action. Their conclusion was the Japanese had 8 people paddling and 1 person steering, while the American team had 7 people steering and 2 people...
  • VW executive given the maximum prison sentence for his role in Dieselgate

    12/06/2017 5:27:22 PM PST · by DUMBGRUNT · 19 replies
    The Verge ^ | 6 Dec 2017 | By Sean O'Kane
    A maximum seven-year sentence for a former Volkswagen AG executive, handed down Wednesday, closes a long chapter in perhaps the largest and most expensive conspiracy in the global auto industry’s history. ... and fined $400,000
  • Ford sues pro wrestler John Cena for reselling his 2017 GT supercar

    12/03/2017 2:29:07 AM PST · by LibWhacker · 58 replies
    Automotive News ^ | 12/1/17 | Michael Martinez
    Ford Motor Co. is laying the legal smack down on WWE star John Cena.The automaker on Thursday filed a lawsuit against the pro wrestler after Cena resold his 2017 Liquid Blue Ford GT supercar less than a month after owning it, breaking a contract that said the vehicle couldn't be flipped until two years after purchase. Ford is seeking damages in excess of $75,000. It wants to buy back the vehicle for the price Cena paid ($463,376.50) and is seeking whatever profit Cena made off it."Upon information and belief, Mr. Cena has unfairly made a large profit from the unauthorized...
  • What Does Tesla's Automated Truck Mean for Truckers?

    11/25/2017 8:27:48 PM PST · by 2ndDivisionVet · 54 replies
    Wired | November 17, 2017 | Aarian Marshal
    Link only due to copyright issues: