Industry
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Fiat is now the sole owner of diesel engine supplier VM Motori after it acquired a remaining 50 percent stake in the fellow Italian firm from General Motors. VM Motori supplies diesel engines for vehicles like the Jeep Grand Cherokee EcoDiesel, Ram 1500 EcoDiesel and previously some Cadillac models sold overseas. General Motors Company [NYSE:GM] bought its stake in VM Motori back in 2007 in order to develop some new diesel engines. According to Automotive News (subscription required), GM has now sold the stake to Fiat for 34.1 million euros ($47.1 million). In addition to sourcing its diesel...
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Holden Boss Leaves Post At Crucial Time For Aussie BrandHolden boss Mike Devereux is stepping down from the top role at General Motors’ Australian subsidiary to take on a more international role. Devereux has been promoted to the role of vice president of International Operations at General Motors Company [NYSE:GM], where he will report to the...
Viknesh Vijayenthiran -
White Is The Most Popular Car Color, AgainWhite is the world's most popular car color for the third year in a row.
Stephen Edelstein -
Maserati Racks Up 22,500 Sales In First Nine MonthsNot long ago, Maserati was selling around 6,000 cars per year on the back of two model lines: the Quattroporte and Granturismo. Not surprisingly, many scoffed when the automaker announced in 2011 it would increase annual sales to 50,000 units and launch three additional model lines by the end of...
Viknesh Vijayenthiran -
GM Integrates Russian Operations With European Unit In Boon To OpelOpel has been thrown a lifeline in the form of greater access to the growing Russian car market, with parent company General Motors integrating its Russian operations with its European unit, which is headed by Dr. Karl-Thomas Neumann, who also happens to be CEO of Opel. Currently, the Russian...
Viknesh Vijayenthiran -
Has Fisker’s DOE Loan Just Been Sold To Hong Kong Billionaire Richard Li?Earlier this week it was revealed that the U.S. Department of Energy had started an auction for the remaining portion of a $192 million loan awarded to electric car startup Fisker Automotive back in 2010 under the government’s advanced-technology vehicle manufacturing program. There are now...
Viknesh Vijayenthiran -
Volvo is working together with independent research groups to develop a means of energy storage for future electric cars that does away completely with traditional battery and super capacitor systems, which typically carry considerable weight and take up a lot of space. The solution is a new type of material that integrates nano structured batteries and super capacitors together with carbon fiber, and which can be formed into body panels for a car. Research in the new material is being headed by Imperial College London and includes a number of partners, one of which is Volvo, the only...
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Germany Wins EU Support In Limiting C02 MandateThe latest proposed C02 emissions mandate put forward by the European Commission, which calls for a reduction of corporate average C02 to just 95 g/km by 2020, down from a current level of 130 g/km, has been criticized by Germany’s major automakers, primarily because their respective lineups...
Viknesh Vijayenthiran -
Infiniti To Finally Launch In Japan, Starting With 2014 Q50Infiniti will finally launch in its home market, potentially by the end of the year.
Stephen Edelstein -
DOE Starts Taking Bids On Fisker LoanThe U.S. Department of Energy on Friday started an auction on its loan made out to struggling electric car startup Fisker Automotive back in 2010. The DOE is still owed $168 million from the $192 million loan, which was originally awarded to Fisker under the government’s advanced-technology...
Viknesh Vijayenthiran -
Mercedes-Benz To Build C-Class And GLA In Brazil From 2016Mercedes-Benz this week announced it will start production in Brazil, initially with the next-generation C-Class and the new GLA-Class crossover. The announcement comes just a few weeks after Audi announced plans to build its new A3 and Q3 models in Brazil and a year after BMW said it was seeking...
Viknesh Vijayenthiran -
Caterham plans to become real carmakerThey grow up so fast, don't they? Caterham Cars, best known for the minimalist (nee-Lotus) Seven, has announced plans to become a full-line car maker. At the launch of the AeroSeven concept in Singapore, Caterham chairman Tony Fernandes said he wanted to expand the company into a brand with global...
Stephen Edelstein -
As sales of luxury cars in China start to mature, major automakers are now looking for the next country or region to offer the most growth. One of the top contenders is Brazil, which benefits from strong demand for its resources, a growing service industry and access to markets in both North and South America. Audi has already announced it will build its Q5 crossover in Mexico from 2016 onwards and now the automaker has confirmed it will build its A3 and Q3 models in Brazil from as early as 2015. Audi will be updating an existing Volkswagen plant in the Brazilian city of São...
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Father Of Lexus Brand Eiji Toyoda Passes AwayThe longest-serving Toyota president in the automaker's history, Eiji Toyoda, died yesterday aged 100. He was a cousin of Toyota founder Kiichiro Toyoda and ran the company from 1967 up until 1982. He served as chairman until 1994 and as an honorary advisor right up until the time of his death...
Viknesh Vijayenthiran -
Mercedes And Renault Nissan May Develop Next-Gen Compact Car Platform TogetherRenault Nissan plans to use a Mercedes-Benz-developed compact car platform for its Infiniti Q30 hatch, which is due in 2015 and has been previewed in concept form at this week’s Frankfurt Auto Show. The platform, known as the MFA, can support a range of bodystyles as well as powertrains and...
Viknesh Vijayenthiran -
First Formal Offer For Fisker Submitted To DOE: ReportA few weeks ago it was revealed that an investor group in Germany was interested in acquiring Fisker for the lowly sum of $25 million, with the intention to start limited production of the Karma extended-range electric sedan and several derivative models at a plant in the U.S. At the time, it was...
Viknesh Vijayenthiran -
Tobias Moers To Head AMGThere’s been a major executive shuffle at Mercedes-Benz following the resignation announcement of the automaker’s veteran sales chief, Joachim Schmidt. Ola Källenius, who currently heads the AMG performance division, will replace Schmidt. That leaves an opening at AMG. Filling that...
Viknesh Vijayenthiran -
Ford CEO Alan Mulally May Retire Early: ReportFord CEO Alan Mulally, the man primarily credited with turning around the automaker’s fortunes by streamlining operations and implementing the ‘One Ford’ policy, may step down from the top job earlier than planned. The 68-year-old exec is scheduled to resign at the end of 2014 but...
Viknesh Vijayenthiran -
The industry as a whole is trending strongly upward at the end of a long summer of brisk car sales, but the luxury segment in particular is showing positive returns. Leading the charge are Cadillac and BMW, up 37.8 percent and 45.7 percent, respectively. For General Motors' [NYSE:GM] luxury brand, Cadillac, continuing strong sales of the ATS (3,380 units) and XTS (3,533 units), plus the still-strong SRX (7,211 units) drove most of the gains. The soon-to-be-replaced CTS fell 22.5 percent in August to 3,980 units sold, while the Escalade line saw mixed results: the base model fell 4.8 percent...
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Jaguar Land Rover Leads Research Group Looking Into Electric Car TechAt the 2013 Frankfurt Auto Show next week Land Rover will show off new hybrid versions of its Range Rover and Range Rover Sport SUVs, but the company isn’t slowing the pace of its green car development as it has announced today it is spearheading a new research project looking to further...
Viknesh Vijayenthiran -
Holden Gets New Design Chief As Former Head Moves To CadillacRichard Ferlazzo, the man responsible for 2006’s stunning Efijy concept (pictured above), has been promoted to head of design at General Motors’ Australian outpost Holden. He replaces Andrew Smith, who heads to North America to run the design team at Cadillac as part of a major shakeup...
Viknesh Vijayenthiran -
Gumpert May Finally Be Down For The CountIf you're a fan of visually unappealing yet wildly potent automobiles, the Gumpert Apollo is probably your desktop background right now. Founded in 2004 by ex-Audi Sport director Roland Gumpert, this manufacturer is best known for production of the Apollo. A rather unique machine, the Apollo is...
Jeff Glucker -
Alternative Vehicle Loan That Helped Fund Tesla, Fisker Might Be BackThe system of Energy Department loans set up in 2007 to promote the development of green technology has come under plenty of criticism, both ideological and political. Following the high-profile failures of several companies that accepted loans from the DoE, the system was put on hold in March...
Antony Ingram -
Mercedes Wins French Court Ruling In R134a Refrigerant CaseThe French government will have to overturn a ban on Mercedes-Benz sales in its country after the German automaker won a case in the Council of State, France’s highest administrative court. Sales of the latest Mercedes models, like the A-Class, B-Class and SL-Class, were blocked in France...
Viknesh Vijayenthiran