Industry
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Wiesmann, the German manufacturer of lightweight, retro-styled sports cars powered by BMW M engines, finally went out of business earlier this year after several years of barely scraping by. But for brothers Martin and Friedhelm Wiesmann, it’s still not quite over for the company they founded back in 1988. Speaking with Autovisie, Friedhelm Wiesmann revealed that he and his brother are currently negotiating with several potential investors a potential revival of the Wiesmann sports car brand. The brothers are hopeful of finding “a solution” within the next four to six weeks...
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Renault Nissan Alliance Looked At Purchase Of Aston Martin Stake: ReportEarlier this week, it was confirmed that senior Renault Nissan executive Andy Palmer will be joining Aston Martin as its new CEO. Palmer is a Nissan veteran, having worked for the firm since 1991, and was widely tipped as a replacement for Renault Nissan CEO Carlos Ghosn, so the move came as quite...
Viknesh Vijayenthiran -
Tesla Picks Nevada For Gigafactory Site: OfficialThe competition for Tesla Motors' massive battery Gigafactory is over.
Stephen Edelstein -
Audi Opens Driving Experience Center In GermanyIn the past, a driver buying a high-performance car would be handed the keys and then off on their merry way, to experience for themselves the performance of their vehicle... with occasionally destructive results. Now, it's not uncommon for companies like Porsche and BMW to offer driving...
Antony Ingram -
Product Guru Andy Palmer Quits Nissan To Head Aston MartinNissan executive vice president Andy Palmer, a performance car champion with an engineering background, has been named CEO of Aston Martin. The famous British sports car brand has been without a CEO for some time, with previous CEO Ulrich Bez stepping down in early 2013, so Palmer’s...
Viknesh Vijayenthiran -
Facing Bankruptcy, NEVS Loses Rights To Saab NameSaab owner National Electric Vehicle Sweden recently ran out of cash but on Friday was thrown a lifeline by a Swedish court, which has given the struggling firm time to restructure and source new investment. During the restructure, NEVS parent company National Modern Energy Holdings will provide it...
Viknesh Vijayenthiran -
Cadillac is set to introduce an all-new SRX for the 2017 model year, and production of the vehicle has been confirmed for General Motors Company’s [NYSE:GM] Spring Hill plant in Tennessee. The current SRX is sourced from a plant in Mexico. MUST SEE: Nissan Juke-R (WITH NAWSSS) Laps The Nürburgring Like A Beast: Video GM is in the process of upgrading the former Saturn plant, which in addition to the new SRX will also be responsible for a second mid-sized vehicle as well as production of new Ecotec engines. About 390 jobs will be retained due to the engine production while 1,800...
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India Fines Carmakers For Violating Anti-Trust LawsIndian regulators accuse carmakers of overcharging for spare parts.
Stephen Edelstein -
Jaguar Land Rover SVO Gets New HeadquartersAbout 150 new staff will work at the recently established Jaguar Land Rover Special Vehicles Operations (SVO) unit that serves as the British automaker’s personalization and performance division. The SVO team’s first product was the F-Type Project 7, which goes on sale later this year...
Viknesh Vijayenthiran -
China To Fine Audi For Breaking Monopoly Law, Other Makes Under InvestigationAudi will reportedly be fined around $40 million for violating an anti-monopoly law.
Stephen Edelstein -
UPDATE: Saab Owner’s Bankruptcy Petition Withdrawn, Investor Talks OngoingYesterday, it was reported that suppliers to Saab had petitioned a Swedish court to declare the struggling automaker’s latest owner, National Electric Vehicle Sweden (NEVS), bankrupt. According to the Associated Press, Labo Test, which supplies test equipment for car parts, said NEVS had...
Viknesh Vijayenthiran -
Tesla Inks Battery Deal For Gigafactory—But Where?Tesla and its battery partner Panasonic have finally confirmed a formal agreement to build a battery 'gigafactory'--from which Tesla will produce the huge volumes of batteries it needs to ensure continued expansion of the company. MUST SEE: Clear Valve Covers Make For Mesmerizing Machine Action...
Antony Ingram -
Panasonic will provide funding and equipment for Tesla's massive factory.
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Porsche Remains On Top In 2014 J.D. Power APEAL StudyAutomotive Performance, Execution and Layout—APEAL—is how influential data cruncher J.D. Power measures the 'gratification' a car owner experiences with each new model on the market. Researchers survey thousands of new car buyers across the country, asking them to grade their vehicles...
Viknesh Vijayenthiran -
Porsche Buys South Africa's Kyalami Race TrackPorsche is the new owner of the track that once hosted the F1 South African Grand Prix.
Stephen Edelstein -
2015 European Car Of The Year Nominees AnnouncedThe title of European Car of the Year is one all manufacturers selling in Europe want to win, and there's sure to be hot debate over 2015's victor now the nominations list has been revealed in full. ALSO SEE: 2016 Acura NSX Burns To The Ground During 'Ring Testing To be eligible, a vehicle has to...
Antony Ingram -
Aston Martin In No Rush To Appoint New CEOIt was revealed as far back as May of 2013 that Aston Martin’s Dr. Ulrich Bez would be stepping down from the CEO position after running the company since 2000. A replacement for Bez is yet to be appointed but senior executives from the firm say there is no rush to find a successor because...
Viknesh Vijayenthiran -
Kumar Galhotra To Head LincolnFord Motor Company [NYSE:F] has confirmed that Kumar Galhotra, one of its top engineers, will head its luxury brand Lincoln. Galhotra, the current head of vehicle component and systems engineering, will serve as vice president and president of Lincoln from September 1, 2014. His old job will go to...
Viknesh Vijayenthiran -
With the Volkswagen Group currently controlling almost a dozen brands, including the likes of Audi, Bentley, Bugatti, Ducati, Lamborghini and Porsche, there are rumblings the auto giant may rebrand itself the Auto Union, a German automaker founded in the 1930s when four separate brands came under the one roof. The Auto Union, which originally consisted of the brands Audi, DKW, Horch and Wanderer, managed to survive World War II but was bought by VW in the 1960s and eventually transformed into present-day Audi. MUST SEE: 5,000-HP, 348-MPH Devel Sixteen Spotted In The Wild: Video...
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Former Ford CEO Alan Mulally Joins GoogleOnce CEO of the Ford Motor Company [NYSE:F], Alan Mulally has now joined the board of technology firm Google—just as the tech giant expands its automotive horizons to in-car entertainment and autonomous vehicles. Mulally became the boss of Ford in September 2006, but left the firm earlier...
Antony Ingram -
Porsche Moving All Sports Car Production To Main Zuffenhausen PlantPorsche currently builds some of its Boxster sports cars at a Volkswagen plant in Osnabrück, Germany. The former Karmann plant has been helping Porsche build the Boxsters because capacity at Porsche’s main plant in Zuffenhausen, the official home of the Boxster, is at the limit and...
Viknesh Vijayenthiran -
New Engineering Facility To Bring Williams F1 Tech To Road Cars, Other SectorsBritish Formula One team Williams has made steady progress this season, no doubt thanks to its decision to run superior Mercedes AMG engines as well as its new blood in the form of Valtteri Bottas and Felipe Massa. But the team, founded in 1977 by Sir Frank Williams, who still serves as team...
Viknesh Vijayenthiran -
VW To Start Building Seven-Seat SUV In Chattanooga In 2016Volkswagen confirmed this morning that a midsize, seven-seat SUV based on 2013’s CrossBlue concept will be built at its plant in Chattanooga, Tennessee, where the U.A.W. plans to form a new local. VW is hoping the new model will help it gain sales in America’s all-important SUV market...
Viknesh Vijayenthiran -
Infiniti Boss Quits After Two Years To Head CadillacInfiniti president Johan de Nysschen has resigned just two years after taking up the reins at the Japanese luxury brand. Until a replacement is found, Nissan executive vice president Andy Palmer will oversee Infiniti’s operations. It’s been revealed that de Nysschen will be heading...
Viknesh Vijayenthiran