Industry
Lotus Owner Provides Details Of Future Plans
The last we heard, Lotus’ new owner DRB-Hicom had fired CEO Dany Bahar and thrown out his overly ambitious plan to launch up to six brand new models within a five-year period. DRB-Hicom also revealed that it would announce a revised plan for Lotus before mid-2013 and that development of at...
Volvo Outlines Benefits Of Car 2 Car Communication
Earlier this month Volvo signed a Memorandum of Understanding with fellow members of the CAR 2 CAR Communication Consortium being run in Europe, helping pave the way for the... October 22, 2012 by Viknesh Vijayenthiran
Infiniti Chooses To Build New Compact In-House
After announcing in May that it would call on Austrian independent vehicle manufacturer Magna Steyr to build its upcoming compact car, believed to be a production version of... October 19, 2012 by Viknesh Vijayenthiran
Volvo Appoints New CEO, Stefan Jacoby Leaves Company
Volvo announced today that current board member Håkan Samuelsson will take over as president and CEO, effective immediately. Samuelsson replaces Stefan Jacoby, who was... October 19, 2012 by Viknesh Vijayenthiran
Faced With Declining European Sales, BMW Shifts Inventory To The U.S.
The European economic crisis is having a serious impact on car sales there, and 2012 is likely to end with the biggest single-year sales decline in 19 years. Faced with... October 18, 2012 by Kurt Ernst
Jaguar Land Rover Pushing Dealers To Dual Brand Model
Jaguar builds luxury sedans, coupes and convertibles, but no SUVs or crossovers. Land Rover builds luxury SUVs and crossovers, but has no sedans, coupes or convertibles in... October 16, 2012 by Kurt Ernst
Fisker Atlantic Production Delayed By Two Years: Report
The last we heard, Fisker had managed to raise an additional $100 million in private equity funding for the development of its second model, the mid-size Atlantic... October 16, 2012 by Viknesh Vijayenthiran
GM Mulls Deeper Ties With PSA Peugeot Citroen, Could Form Joint Venture: Report
In March of this year General Motors made the surprise move of forming an alliance with PSA Peugeot Citroen by purchasing seven percent of the French automaker’s stock... October 15, 2012 by Viknesh Vijayenthiran
Tesla Gets $10 Million California Grant For Model X Development
Tesla has reportedly been awarded a $10 million grant from the Californian government aimed at helping start development of its third model, the Model X electric SUV. In... October 12, 2012 by Viknesh Vijayenthiran
Mercedes Falling Behind BMW, Audi In Global Luxury Car Sales
Mercedes-Benz has committed to developing and launching ten new models by the year 2020, and a fresh product line may be exactly what the luxury automaker needs to combat... October 11, 2012 by Kurt Ernst
Bentley And Lamborghini SUVs May Be Delayed: Report
While a Lamborghini SUV based on the recent Urus concept is yet to be given the green light for production, it’s widely accepted that a similar high-end SUV from... October 11, 2012 by Viknesh Vijayenthiran
White Remains Most Popular Color For New Cars
For the second year in a row white remained the most popular color for new cars, though other favorites such as silver and black weren’t far behind in the rankings. The... October 11, 2012 by Viknesh Vijayenthiran
Race Car Manufacturer Lola Ceases Operations
Legendary British engineering firm and race car constructor Lola Cars, established in 1958 and based in Huntingdon, England, has ceased operations after entering... October 10, 2012 by Viknesh Vijayenthiran
Cadillac Hires Lobbyist As New Global Boss, Ponders New Models
Robert E. Ferguson, GM’s vice president for global public policy and a former AT&T executive, has been appointed to the newly-created position of vice president... October 10, 2012 by Kurt Ernst
Tesla To Be Cash Flow Positive By The End Of November
Just last week, Tesla revised its 2012 revenue projections downward from some $600 million to between $400 and $440 million, blaming production startup problems with the... October 5, 2012 by Kurt Ernst
Artega’s New Owner Ceases Production Of GT Sports Car
Production at niche sports car manufacturer Artega, based in Delbrück, Germany, has come to an end, with the company stating on its website that the last of its Henrik... October 5, 2012 by Viknesh Vijayenthiran
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