Industry

Yesterday was a historic day for Fiat Chrysler Automobiles [NYSE:FCAU] whose shares started trading on the New York Stock Exchange. The day marked an important step for CEO Sergio Marchionne’s efforts to turn newly merged FCA, which includes brands as diverse as Dodge and Ferrari, into one of...

Fiat Chrysler Automobiles CEO Sergio Marchionne says he plans to do something else after 2018, when a company-wide five-year strategy he announced in May is expected to conclude. “I’ll undoubtedly do something else” Marchionne told Bloomberg when asked what he’ll do once his...

Ferrari chief engineer Roberto Fedeli, the man who headed the development of some of the world’s best performance cars like the LaFerrari, F12 Berlinetta and 458 Italia, will soon be working for BMW. The German automaker has confirmed Fedeli will join it in November but hasn’t revealed...

New Lotus CEO Jean-Marc Gales has just made the painful decision of eliminating a quarter of the automaker’s global workforce, but he has further tough calls to make including the possibility of parts sharing with parent company Proton. In the near term Lotus will upgrade its existing trio of...

The Tesla Model S is a pretty hot ticket if you're a well-heeled individual with a desire to drive the latest look-at-me-sedan. It's a great looking car that also happens to be a pure EV, so it's got the green cred too. This isn't an inexpensive vehicle though, as the base price is just over...

Back in April, the CEO of French automaker PSA Peugeot Citroën, Carlos Tavares, revealed that the automaker may make a return to the U.S. market using its DS brand, a fledgling premium brand spun off from Citroën that at present only sells cars under its own brand in China. Now, a second...

The Ford Motor Company [NYSE:F] has taken a page out of the Volkswagen playbook by making public its aggressive new growth targets, which will see the Blue Oval contend not only with VW but also General Motors Company [NYSE:GM] and Toyota for top automaker status. Under its new ‘Vision...

While Audi and Mercedes-Benz have made headlines recently with news they’ve received permits to test autonomous cars on California’s roads, BMW has now revealed that it plans to start testing self-driving cars in China. Like its rivals, BMW has been testing its own autonomous car...

With the high content of carbon fiber found in its cars, Lamborghini has established its own repair service that has the right equipment and technical staff to properly deal with the advanced composite material. In some cases, staff will even fly out to fix the cars, avoiding the hassle of shipping...

Saab’s owner National Electric Vehicle Sweden said it intends to lay off up to 200 of the Swedish automaker’s employees as it attempts to reduce costs during its restructuring process. After briefly restarting Saab 9-3 production late last year, in May of this year NEVS ran out of cash...

With its new CEO Johan De Nysschen at the helm, Cadillac is making some major changes: it will no longer call Detroit home, instead moving to New York and becoming its own business unit. The new offices in New York will be Cadillac’s global headquarters, to open in 2015. ALSO SEE: Brand New...

Infiniti may have just lost its turnaround strategist Johan de Nysschen but the automaker has no intention of slowing down the expansion plans devised under the guidance of the South African executive. Infiniti recently appointed a new chief in the form of former BMW exec Roland Krüger, and at...

Lotus looks set to fade further into obscurity in the U.S. market with news emerging that sales of the Evora 2+2 sports car in local showrooms could soon cease for the same reason Lotus’ Elise and Exige lines are no longer sold here. Like the Elise and Exige, the Evora doesn’t meeting...

Earlier this week we saw Audi become the first automaker to receive the new license from the state of California to allow testing of autonomous car prototypes on public roads, and now fellow German automaker Mercedes-Benz has announced that it's also received the license. California has allowed...

Group Lotus Plc today announced a global restructuring program that could result in the loss of as many as 325 jobs around the world. Group Lotus includes the automotive division, Lotus Cars, as well as the Lotus Engineering and Lotus Motorsport divisions. A total of 1,215 people are employed by...

It was back in 2012 that Lincoln first announced it was expanding into the lucrative Chinese market, and now the first cars have landed. An additional two shipments of Lincolns will arrive by early October to support a series of grand opening events scheduled for later that same month. Despite...

In a crackdown on monopoly behavior in the Chinese auto industry, regulators have found Audi and Chrysler guilty of price fixing of cars and spare parts. Both automakers were slapped with fines by China’s anti-monopoly regulator, the National Development and Reform Commission (NDRC), mostly...

Ferrari looks set to reverse a decision to limit its annual sales to no more than 7,000 cars after Fiat Chrysler Automobiles CEO Sergio Marchionne takes over the running of the fabled Italian sports car brand and racing team in mid-October, when current boss Luca di Montezemolo will step down. The...

UPDATE: Video interview with Luca di Montezemolo added. Ferrari chairman Luca di Montezemolo has confirmed his resignation from the top post at the Italian sports car manufacturer and race team, a role he has enjoyed for the past 23 years. The 67-year-old explained that Ferrari is transitioning...

After the sudden exit of Johan de Nysschen from the top role at Infiniti back in July, the Japanese luxury automaker has now announced that Roland Krüger will be its new president. Like de Nysschen, who previously worked for Audi, Krüger also comes to Infiniti from one of Germany’s...