Industry
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A lawsuit hints that Apple is working on a car.
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Facing Bankruptcy, Saab Owner NEVS Seeks Debt Reduction From CreditorsSaab’s latest woes appear to have no end in sight with news emerging overnight that the automaker’s owner, Chinese-backed National Electric Vehicle Sweden (NEVS), which itself is facing bankruptcy and currently in administration, is seeking a reduction on some of its debts. NEVS is...
Viknesh Vijayenthiran -
Infiniti Names New U.S. Chief In Move To Boost Brand’s PresenceWith no new products due this year, Nissan’s upmarket division Infiniti has a tough time ahead as it continues on its quest for relevancy in the global luxury market, and the reshuffling of some of its most senior executives isn’t helping. Following the sudden departure of its chief...
Viknesh Vijayenthiran -
Insiders Say Apple Is Working On Its Own Car Under Project Titan Code NameWith stories of Tesla Motors’ [NSDQ:TSLA] pilfering of talent from Apple, and a flow of workers the other way also making the rounds, it’s perhaps no surprise that the electronics brand is being tied up with rumors of a scratch-designed car in the works. After all, a car planned from...
Nelson Ireson -
Mark Bernhard Named Holden Chief Following Sudden Departure Of Previous HeadFollowing the sudden departure of Gerry Dorizas after just eight months in the head role at Holden, the Australian subsidiary of General Motors Company [NYSE:GM] has now announced that veteran GM exec Mark Bernhard will now take up the reigns. Importantly, he will be the first Australian to run...
Viknesh Vijayenthiran -
Google Develops Uber Rival... While Uber Develops Autonomous CarGoogle and Uber appear to be working against each other.
Stephen Edelstein -
Spyker was finally forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand, already behind in its payments, wouldn’t be able to pay back creditors. Fast forward to today and Spyker is no longer in bankruptcy thanks to a bridging loan that will keep the company going for the time being. The bridging loan provided a solid foundation for Spyker in lodging a successful appeal to have the bankruptcy ruling overturned yesterday in court. The automaker isn’t quite out of the woods yet, as it still is operating under a...
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Henrik Fisker Looks To Form Joint Venture With Indian FirmIt appears Henrik Fisker hasn’t given up on making a lasting statement in the automotive world. After suffering the setback of seeing his own car company go bankrupt and then sold off to Chinese interests, the Danish designer and entrepreneur is now seeking a tie-up with a firm in India...
Viknesh Vijayenthiran -
Germany Plans Autonomous Car Test Program On High-Speed AutobahnThe German government announced a new test program for self-driving cars.
Stephen Edelstein -
Mercedes-Benz To Outsource R-Class Production To AM GeneralThe R-Class is no longer sold in the U.S., but it's still built here.
Stephen Edelstein -
Aston Martin To Reveal Future Plans At 2015 Geneva Motor ShowAbout a month ago, it was revealed that Aston Martin was seeking additional funds to develop some new technologies as well as additional models beyond the planned replacements for the Vantage and DB9 sports cars. This week, the chairman of key Aston Martin investor Investindustrial, Andrea Bonomi...
Viknesh Vijayenthiran -
Bentley Appoints Michael Winkler As New U.S. ChiefBentley, which is enjoying record sales at the moment, here in the U.S. and across the world, has announced it is appointing Michael Winkler as the new head of Bentley Motors Inc., the automaker’s unit responsible for the Americas. A total of 3,186 Bentleys were sold in the Americas in 2014...
Viknesh Vijayenthiran -
Polaris will take over Brammo's electric motorcycle business.
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Ford To Focus On Connectivity And Autonomous Cars At New Silicon Valley Research CenterFord will develop technology related to autonomous cars and connectivity at its new Silicon Valley research center.
Stephen Edelstein -
BMW And Volkswagen Team Up With ChargePoint To Expand Electric Car Fast-Charging SitesBMW and Volkswagen will back a buildup of the CCS fast-charging network.
Stephen Edelstein -
Lex Kerssemakers Named Volvo’s U.S. ChiefVolvo has announced that it is appointing Dutch executive Lex Kerssemakers as its new U.S. chief. The 55-year-old replaces former chief Tony Nicolosi and will have an expanded role that will also see him run things in the rest of the Americas, including crucial emerging markets in South America...
Viknesh Vijayenthiran -
Microsoft HoloLens To Transform Way Cars Are Designed?Microsoft's new gadget holds some possibilities for future car design.
Stephen Edelstein -
Lotus Sees Sales Rise 54 Percent, Promises Exciting Reveal For Geneva Motor ShowStruggling sports car brand Lotus has announced that its sales performance is finally starting to turn around for the better. Sales over the past nine months came in at 1,565 cars, which is up 54 percent on the same period one year and all the more impressive when you consider that there...
Viknesh Vijayenthiran -
Toyota has announced it sold 10.23 million vehicles in 2014, a 2.5 percent gain on the 9.98 million it sold the previous year and the first 10-million-plus annual sales figure for the Japanese giant. Importantly, Toyota’s tally, which includes sales from the Scion, Lexus, Daihatsu and Hino brands, makes it the world’s biggest automaker in 2014, though the Volkswagen Group is catching up fast. WATCH: Chevy Corvette Z06 Versus Dodge Viper TA: America Wins Sales of the German giant’s various brands totaled 10.14 million vehicles in 2014, which was up 4.2 percent on the 9.73...
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New Large Car Confirmed By GM, Will Wear Commodore Name In OzGeneral Motors Company’s [NYSE:GM] Australian division Holden has confirmed that a “next-generation large car” will arrive in Holden showrooms in 2018 wearing the brand’s storied Commodore nameplate. This will be the first imported Commodore in the nameplate’s...
Viknesh Vijayenthiran -
Elon Musk Proposes Hyperloop Test Track In TexasElon Musk says he's considering building a test track for the Hyperloop tube-transport concept, possibly in Texas.
Stephen Edelstein -
Maserati Sells Record 36,500 Cars In 2014It’s hard to believe that as recently as 2010, Maserati’s annual sales were a cottage industry-like 5,675 cars. In less than five years, Maserati has managed to increase those figures more than sixfold—and this is before the Levante SUV, expected to be the most popular model, has...
Viknesh Vijayenthiran -
McLaren Sells Record 1,648 Cars In 2014Despite only being a volume producer of cars since the start of the decade, McLaren Automotive is already well on its way to catching up with more established brands in the supercar scene, such as Lamborghini. McLaren has announced it delivered 1,648 cars to customers worldwide in 2014, which is up...
Viknesh Vijayenthiran -
Jaguar Land Rover Sells Record 462,678 Cars In 2014Jaguar Land Rover, like many automakers offering luxury cars, enjoyed its best year on record in 2014. The British automaker managed to sell 462,678 cars across its Jaguar and Land Rover brands, which was 9 percent better than the 425,006 it sold the previous year. Land Rover was by far the more...
Viknesh Vijayenthiran