Industry
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Holden boss Mike Devereux has confirmed that a next-generation Commodore will be launched once the latest model, the VF, to be revealed on Sunday and sold in the U.S. as the 2014 Chevrolet SS, ends production in 2016. There were fears that Holden, the Australian subsidiary of General Motors Company [NYSE:GM], was going to drop the Commodore from its lineup after the VF had run its course due to declining sales, but Devereux has now put those fears to rest. The Holden exec didn’t go so far as to reveal what bodystyle the new Commodore would feature, though a switch to a crossover, which...
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Is The Volkswagen Group Considering Adding A 13th Brand?The Volkswagen Group is currently the third largest automaker in the world, outmatched only by General Motors and Toyota in overall sales, though that could easily change in the next year or two given the German auto giant’s recent performance. Within the group, there are 12 individual...
Viknesh Vijayenthiran -
Infiniti Tries To Find Its Way To JapanLuxury brand Infiniti is doing all it can to have a global presence. Well-established in the United States, Infiniti also has a relatively strong customer base in Europe and China. Brazil and Mexico now have Infiniti dealerships in-country, too, thanks to a growing middle class population. Oddly...
Kurt Ernst -
To Make Up Lost Luxury Market Sales, Lincoln Expedites MKZ’s LaunchIn January, luxury car sales in the United States were up, and generally by a large margin over prior year. Cadillac delivered 47 percent more cars than it did in 2012, while Porsche delivered a 32 percent gain. Lexus was up by nearly 27 percent, followed by Acura (13.2 percent), Mercedes-Benz...
Kurt Ernst -
Luxury Car Sales In January: Cadillac Rising Fast, Audi Continues Record PaceThe overall U.S. automotive industry's sales tally for January is looking rather good: sales are up almost across the board, and total sales figures are well above last year's. An increase, year-on-year, of 8 percent puts the total seasonally adjusted annual rate (SAAR) at 12.9 million retail...
Nelson Ireson -
Daimler Buys Into China's BAICThe relationship between Mercedes’ parent Daimler and China’s Beijing Automotive Group (BAIC) isn’t a new one. Beijing Benz Automotive Company (BBAC) has been building Mercedes-Benz passenger cars since 2006, while another Beijing subsidiary began producing Auman-branded Mercedes...
Kurt Ernst -
Earlier this week, we reported that Chinese auto parts giant Wanxiang had received approval from the U.S. government to purchase the non-military business of bankrupt lithium-ion battery maker A123 Systems. That’s good news for luxury plug-in hybrid automaker Fisker, as A123 Systems was the sole supplier of the lithium-ion cells used to construct the Karma’s battery packs. Fisker has been in a production hold since A123 went bankrupt, and that hold will likely be lifted as soon as Wanxiang begins supplying new inventory. As we speculated, Wanxiang may soon be supplying more than...
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GM Appoints Former Volkswagen Exec To Head Troubled OpelLast summer, General Motors’ European unit Opel made the surprise announcement that its chief, Karl-Friedrich Stracke, was being reassigned to a new role, and that its turnaround expert, Steve Girsky, would fill in as interim chief. Since then, we’ve seen Opel enter an alliance deal...
Viknesh Vijayenthiran -
Ferrari To Announce New Alfa Romeo Engine Deal Within A MonthA few months ago we told you that Sergio Marchionne, the boss of Fiat-Chrysler, was looking to get Ferrari to start building engines for Alfa Romeo, just like it does for Maserati. During a conference call with analysts yesterday, following the announcement of Chrysler’s fourth quarter...
Viknesh Vijayenthiran -
GM Consolidates Powertrain Divisions, Moves Performance Build Center To Corvette PlantGeneral Motors Company [NYSE:GM] is overhauling the structure of its powertrain division, including investing up to $200 million in the construction of a new testing facility and consolidating several other facilities with its Global Powertrain Engineering Headquarters in Pontiac, Michigan. The...
Viknesh Vijayenthiran -
Amidst A ‘Strategic Review,’ Fisker Hires A Consultant To Manage CashAs struggling plug-in hybrid automaker Fisker broadens its search for investors or partners, it’s hired Huron Consulting Group to manage its day to day operations and cash flow. Bloomberg says that Huron Consulting’s Hugh Sawyer has been put in place as a chief administrative officer...
Kurt Ernst -
Chrysler's Revised Product Plan Mixes Good News And BadIf you were holding out hope for a new Mustang and Camaro-fighting SRT Barracuda to debut in the next few years, you may want to sit down. According to the latest product plans released by Chrysler this morning, the SRT brand won’t see a new model before the 2016 model year. If that’s...
Kurt Ernst -
Late last week it was announced that Volkswagen would build its next-generation Golf, the recently revealed MkVII, in Mexico for export to the U.S. and Canada as well as some South American countries. What wasn’t announced was whether high-performance variants like the MkVII GTI, previewed recently in concept form, would be joining the regular Golf at the Mexican plant. According to Automotive News (subscription required), the Mexican plant, located in Puebla, will build both the Golf and sporty GTI. Production of the even more potent Golf R will likely remain exclusive to Germany...
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Chinese Firm Buys Fisker Battery Supplier A123 SystemsWhen lithium-ion battery manufacturer A123 systems declared bankruptcy last October, the move left Fisker Automotive without a battery supplier for its Karma plug-in hybrid luxury sedan. Fisker downplayed the drama, insisting that it had sufficient inventory for the near future, and that the sale...
Kurt Ernst -
Mercedes, Ford And Nissan Join Forces On Hydrogen Fuel Cell ResearchThe parent company of German luxury automaker Mercedes-Benz, Daimler, has announced it’s formed an alliance with Ford Motor Company [NYSE:F] and Nissan to help accelerate the development and eventual launch of hydrogen fuel cell technology for cars. The announcement comes just days after it...
Viknesh Vijayenthiran -
Mercedes-Benz Delays Fuel Cell Plans, Seeks Partner: ReportMercedes-Benz has decided to delay plans for the launch of a mass-produced hydrogen fuel cell vehicle until at least 2017, three years later than it had originally hoped. The vehicle was to be based on its latest B Class compact MPV sold overseas and feature a powertrain developed using knowledge...
Viknesh Vijayenthiran -
Bentley Sales Up 22 Percent In 2012, But Still Short Of RecordBentley sales in 2012 experienced growth in all major regions, ending the period with 8,510 units, an increase of 22 percent on the 7,003 units sold in 2011. However, the final figure was still well short of the 10,014 units Bentley sold in 2008, just prior to the start of the global financial...
Viknesh Vijayenthiran -
Brabham Family Wins Rights To Name After Lengthy Legal BattleAustralian racing legend Sir Jack Brabham and his family have won back the rights to the Brabham name after a lengthy legal battle taking place in German courts. The story goes back to 2008, when a tuning firm led by German Michael Trick started using the Brabham Racing name. It’s alleged...
Viknesh Vijayenthiran -
In late 2011, BMW and Toyota signed a memorandum of understanding for collaboration between the two on a number of projects ranging from the development of a new sports car platform to research into next-generation battery technology and even hydrogen fuel cell powertrains. Today, the two automakers finalized the deal by signing binding agreements. They also revealed further details about the long-term collaboration, which in addition to the development of a hydrogen fuel cell system, new sports car platform, advanced battery technology, and engine sharing, will also include research and...
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Porsche Sales Soar To New High In 2012Porsche is well on its way to achieving its goal of 200,000 sales by 2018, having set a new record for sales in 2012 and edging closer to the launch of several all-new models. Porsche has reported worldwide sales of 141,075 units for 2012, an increase of 18.7 percent on 2011’s record tally of...
Viknesh Vijayenthiran -
Sergio Marchionne Reaffirms Alfa Romeo’s 2013 U.S. ReturnOriginally due for its official return on these shores in 2012, Alfa Romeo begrudgingly postponed its arrival another year. The reason was due to a significant redesign of one of the brand’s core models, the 159-replacing Giulia mid-size sedan, at the behest of Sergio Marchionne, the boss of...
Viknesh Vijayenthiran -
It’s Official: Jeep Will Build Models In China, TooLast October we brought you word that Jeep would begin producing models, and perhaps its entire lineup, in China for the Chinese market. Our article (and others) turned into a political hot potato, as some misinterpreted the story to read that Jeep was moving all of its production to China. That...
Kurt Ernst -
Aston Martin Seeks Technical Partner, Mercedes Remains Open: ReportIn the same week Aston Martin turned 100, news that the historic British automaker is seeking a technical partner has emerged. While Aston Martin has been rumored to be in talks with several firms over technology sharing for years, one of its key investors has now confirmed it. Speaking with...
Viknesh Vijayenthiran -
Mazda And Fiat Finalize Deal To Build New Alfa Romeo Spider In 2015In May 2012, Mazda and Fiat announced plans to co-develop a new Alfa Romeo convertible sports car based on the underpinnings of the next-generation MX-5 Miata. Under the plan, the new Alfa Romeo convertible, which is tipped to revive the Spider name (although Duetto has also been hinted at), will...
Viknesh Vijayenthiran