Industry
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Nissan has made a bold and somewhat unprecedented promise to offer an autonomous car by the year 2020. The move is part of Nissan’s aim to reduce the rate of accidents involving its cars to almost zero, a target several other automakers including Mercedes-Benz, Volkswagen and Volvo are also hoping to achieve through self-driving cars. Nissan doesn’t want to preclude the technology from anyone, so is planning to make it available across its model range within two vehicle generations. This suggests to us that Nissan doesn’t want to take control away from the driver completely...
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GM To Return To Super Bowl Advertising In 2014Ads from General Motors were noticeably absent from the Super Bowl this year, although the American auto giant was not completely invisible, as its 2014 Chevrolet Corvette Stingray was awarded to the game’s MVP, quarterback Joe Flacco, who was decisive in the Ravens win over the 49ers...
Viknesh Vijayenthiran -
Google May Build Its Own Self-Driving Car: ReportThe future is going to be automatic. Automatic social updates pushed automatically to your mobile phone, synced automatically to your computer and to your car, which then drives you automatically to work where you automatically perform the tasks for which your employer automatically drops credits...
Nelson Ireson -
Volvo To Share Development With Geely, Build Cars In ChinaChinese officials have given approval for Volvo to establish new plants in Daqing and Zhangjiakou. As a result, Volvo's full Chinese industrial base, including a current site in Chengdu, has been approved. An assembly plant in Daqing is under construction and is expected to be fully operational in...
Viknesh Vijayenthiran -
Tesla Eying Asian Production On Back Of Strong Expected Demand For Gen 3 SedanTesla Motors has made no secret of its plans to move into the Asian market, and the company now says manufacturing plants in both Europe and Asia are on the cards. It's part of a large expansion planned for the electric car startup over the next few years, including new model launches, new...
Antony Ingram -
German Group Offers $25 Million For Fisker: ReportDespite it being close to a year since Fisker last made a car, the company is yet to announce bankruptcy and remains confident a new investor or even a potential buyer can be found. Several groups have made their interest known, including one led by auto industry veteran Bob Lutz, another led by...
Viknesh Vijayenthiran -
With NEVS’ acquisition of Saab and some of the bankrupt automaker’s remaining assets complete, the consortium, made up of Chinese and Japanese interests, is now focused on the launch of its first model. The plan is to start production at Saab’s main facility in Trollhättan, Sweden and then eventually ramp up production in China as well. Speaking with Automotive News (subscription required), NEVS spokesman Mikael Oestlund said the company had hired about 300 staff at the Trollhättan plant and that production could be restarted this year. Oestlund went on to reveal...
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New Self-Driving Car Tech To Come From Continental, Google, IBM Alliance?Self-driving cars are a divisive topic. Enthusiasts despise the idea of being cut out of the loop, and tinfoil hat conspiracists despise the idea of Big Brother looking over their shoulder; on the other hand, commuters would welcome the extra free time and even an enthusiast can appreciate being...
Nelson Ireson -
Sports Car Brand Wiesmann Files For InsolvencyLuxury sports car maker Wiesmann has filed for insolvency in its native Germany, the latest niche automaker to be hit by the downturn of the European new car market. Wiesmann is known for its retro-styled roadsters, typically using BMW drivetrains, and the company says it has sold more than 1,600...
Antony Ingram -
Elon Musk Reveals Details On 800-MPH HyperloopAfter first dropping hints a year ago on a revolutionary form of transportation dubbed the Hyperloop, Elon Musk, CEO of Tesla, has now revealed the details behind the concept. Musk, one of few men in history to have ever established two completely unrelated billion dollar firms, could be on his way...
Viknesh Vijayenthiran -
U.K. Political Party Wants Ban On Non-Hybrid Gas And Diesel Cars By 2040One of Great Britain's major political parties says it wants to see diesel-powered and non-hybrid gasoline-powered passenger cars banned from British roads by 2040. The Liberal Democrats, part of the U.K.'s current coalition government, said it would even be willing to accelerate the timing of the...
Viknesh Vijayenthiran -
Tungsten Mined By Terrorist-Listed Group Could Wind Up In Your Luxury CarTungsten is a rather important element. Bearing Atomic Number 74, Tungsten is used in a wide range of applications including the production of LCD screens to internal parts of high-performance engines such as crankshafts. There are mines around the globe that supply the planet with its Tungsten...
Jeff Glucker -
Tesla keeps moving from strength to strength, with sales of the company’s Model S electric sedan steadily increasing, profit levels remaining positive and expansion of the business running smoothly. This week, Tesla Motors [NSDQ:TSLA] released its financial results for the second quarter of 2013 where it was revealed the company recorded a net income of $26 million, compared to the $15 million for the first quarter. Tesla also said gross margin improved from 17 percent in the first quarter to 22 percent in the second, and its automotive gross margin (excluding revenue from the sale of...
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GM Forms Dedicated China Unit, Hires Ex-Volvo CEO To Lead International OperationsThe past week has seen a number of major shakeups within the General Motors empire, with most of the changes aimed at improving the automaker’s international standing. The biggest surprise was General Motors Company’s [NYSE:GM] decision to hire former Volvo CEO Stefan Jacoby as its new...
Viknesh Vijayenthiran -
Lotus Hiring AgainLotus is showing signs of life, with news emerging this week that the British sports car manufacturer is set to hire around 100 new staff, mostly specialist engineers. Only a week ago, managers from DRB-Hicom, the owner of Lotus’ Malaysian parent Proton, revealed that Lotus’ debts had...
Viknesh Vijayenthiran -
Ferrari Sales Slow Yet Profits Still SoarBack in May, Ferrari made the announcement it would target maximum sales of 7,000 cars this year, down from 7,318 sales in 2012, in order to improve the exclusivity of the marque while at the same time protect its margins and residual values for its customers. Ferrari has now released its first...
Viknesh Vijayenthiran -
Mercedes C-Class Tops List Of Most Stolen Luxury Cars In New StudyThe National Insurance Crime Bureau (NICB) has published the results of a new study that looked at the rates of car theft around the country, with the focus being on luxury cars. The organization, which works closely with law enforcement agencies to gather its data, has found that the most popular...
Viknesh Vijayenthiran -
McLaren And Honda Open To Road Car CollaborationFollowing the announcement last May that Honda was making a return to Formula One as an engine supplier, initially to the McLaren team for the 2015 season, news immediately broke that the two might partner on development of one of McLaren’s future road cars. This was shot down only days...
Viknesh Vijayenthiran -
Following yesterday’s report on the ability of computer hackers to take control of various vehicle functions, including braking and steering, simply by using a laptop computer, comes news that a court in the U.K. has blocked a group of scientists from revealing methods to start Volkswagen Group vehicles, also by using a computer. The scientists, all cryptography experts, have written a paper that allegedly reveals methods to detect the various computer codes used by Volkswagen Group vehicles, including codes to start the engines. The vehicles, including premium models from the likes of...
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France Still Halts Sale Of Mercedes Models Despite Court Ruling To Re-Examine CaseThe French government has taken formal steps to outlaw the sale of certain Mercedes-Benz models due to the German automaker’s decision to revert back to an older form of air-conditioner refrigerant (R134a) that has been banned by the European Union for new models due to its harmful effects on...
Viknesh Vijayenthiran -
Porsche Tops 2013 J.D. Power APEAL StudyAutomotive Performance, Execution and Layout--APEAL--is how J.D. Power measures the 'gratification' a car owner experiences with each new model on the market. For automakers, the vehicles that are the most gratifying, those with the highest APEAL, tend to remain on dealer lots for shorter periods...
Viknesh Vijayenthiran -
Aston Martin forms alliance with Mercedes’ AMG divisionAston Martin, celebrating its centenary this year, has confirmed it has signed a Letter of Intent to form a wide-ranging technical partnership with Mercedes-Benz tuner AMG. A formal alliance deal is yet to be made though both parties are confident a definitive agreement can be reached before the...
Viknesh Vijayenthiran -
Ford And Toyota Ditch Plans To Develop Rear-Wheel-Drive Hybrid System TogetherTwo years ago, Ford and Toyota confirmed their intention to develop together new rear-wheel-drive hybrid systems for use in full-size pickup trucks and SUVs. Since then, the two automakers have been conducting a feasibility study for the project and have come to the understanding that it will be...
Viknesh Vijayenthiran -
Lotus To Update Existing Range Rather Than Launch New CarsLotus has been led by managers at Malaysian conglomerate DRB-Hicom since early 2012 and since then we’ve heard little on the progress of the British sports car manufacturer, whose sole model in the U.S. remains the Evora. DRB-Hicom previously said it was committed to keeping Lotus as well as...
Viknesh Vijayenthiran