Industry
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Over the years, the saying of “win on Sunday and sell on Monday” seems to have devolved into “spend a lot of money to race on Sunday, to have the potential of a few more sales on Monday.” For automakers in tight financial times, spending the kind of money necessary to sponsor and back professional racing efforts, especially at the factory level, isn’t always easy to justify. As The Detroit News points out, however, there’s still marketing value to be had in motorsports. By GM’s own estimation, over 30-percent of Chevrolet’s sales leads can be...
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Does This Video Show The Refreshed Chevy Cruze Sedan?This much is clear: the above Chevrolet Korea video shows a slightly restyled Chevrolet Cruze sedan, which seems to carry over the same front-end look debuted by the Cruze Wagon at this year’s Geneva Motor Show. As World Car Fans (via Auto Forum) points out, the existing car’s mesh...
Kurt Ernst -
Lotus CEO Dany Bahar Suspended For 'Conduct'An official statement released today confirmed that earlier rumors of Lotus CEO Dany Bahar's suspension were in fact true--though the only reason given for the suspension was a matter of "conduct." The suspension is termed temprorary in the statement from DRB-Hicom, which recently acquired Lotus'...
Nelson Ireson -
BMW Appoints Karim Habib As New Design BossBMW has promoted its current chief of exterior design, Karim Habib, to the new role of head of design for the BMW brand. Habib, the 42-year-old Lebanon-born Canadian, will report to Adrian van Hooydonk, the head of design for the entire BMW group. Habib was responsible for the design of several...
Viknesh Vijayenthiran -
California On Track To Be Next State For Autonomous Car TrialsGoogle’s fleet of self-driving cars may soon be heading to California, with the state’s Senate passing a bill this week that would allow the autonomous cars to be tested and operated on its roads. The bill, which establishes guidelines for the use of autonomous cars on public roads...
Viknesh Vijayenthiran -
Next-Gen Mazda MX-5 To Spawn New Alfa Romeo Spider: OfficialMazda and Alfa Romeo parent company Fiat have announced the signing of a non-binding Memorandum of Understanding (MoU) for the development and manufacturing of a new convertible sports car for the Alfa Romeo brand based on Mazda’s next-gen MX-5. Not to be mistaken with the smaller and more...
Viknesh Vijayenthiran -
Volvo has selected electronics giant Mitsubishi Electric, a subsidiary of the same group that owns the automaker Mitsubishi, to help develop next-generation infotainment systems for use in its future cars. Mitsubishi Electric will develop the central module and be the main supplier for the overall infotainment system, which Volvo will feature under its Sensus brand. Sensus is Volvo’s all-in-one onboard operating system that brings together infotainment, navigation, car settings and other features and functionalities. Sensus is also the interface that promotes communication with the car...
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BMW Voted World's Most Valuable Car BrandBrand value can be a fickle thing. It’s impossible to measure accurately and it can be affected by numerous volatile factors. However, at the end of the day, if a consumer is willing to pay more for one brand over another then brand value becomes a vital indicator of a company’s overall...
Viknesh Vijayenthiran -
Aston Martin's Lagonda SUV Plans Still Alive And KickingAston Martin’s 2009 Lagonda SUV concept was hardly a critical success. In fact, at least one media outlet implored Aston Martin to abandon plans for the large and ungainly SUV. In the years since, word of an Aston Martin Lagonda SUV seems to crop up every six months or so, which means...
Kurt Ernst -
Pininfarina Forecasts First Profit Since 2004After recent turbulence legendary Italian design house Pininfarina is poised to post its first profit since 2004. Over the years the company has suffered some major setbacks including the death of its CEO Andrea Pininfarina back in 2008 and the loss of design contracts to internal design studios...
Viknesh Vijayenthiran -
Swedish Union Seeks President Obama’s Help To Save Saab?Despite Saab having several suitors interested in purchasing the brand, paying off its debts and restarting production, no deal could ever be finalized and the automaker finally declared bankruptcy last December. The reason no deal could be finalized was because of GM’s refusal to allow any...
Viknesh Vijayenthiran -
British Racing Firm Lola Appoints AdministratorBritish engineering firm and race car constructor Lola, established in 1958 and based in Huntingdon, England, has announced today that it is suffering from severe cashflow problems and has appointed an administrator. The company, which includes a separate composites division and also works with...
Viknesh Vijayenthiran -
If you’re used to nothing but doom and gloom surrounding new electric car start-ups, here’s a rare bit of good news: Tesla CEO Elon Musk has advised shareholders that deliveries of the Model S sedan will begin in June, one month ahead of schedule. Perhaps even better news is that Tesla will begin repayment of its $465 million in Department of Energy loans by year-end. Of the initial amount granted, Bloomberg reports that some $104.5 million remains untapped; it's likely that Tesla will access this in the third quarter, in order to ramp-up Model S sedan production. Tesla's chief...
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Infiniti Confirms New Compact Will Be Built In AustriaFollowing yesterday’s announcement of the groundbreaking of a new powertrain plant in Tennessee, Infiniti and Mercedes-Benz have today confirmed that a new compact car to be launched by Infiniti but underpinned by Mercedes technology will be manufactured in Austria by independent vehicle...
Viknesh Vijayenthiran -
Nissan Breaks Ground For Mercedes-Benz/Infiniti Engine Plant In TennesseeCarlos Ghosn and Dieter Zetsche buddied up for an alliance between Renault-Nissan and Daimler just over two years ago, and while the duo has been cooperating in the background, today's groundbreaking in Tennessee for a new plant that will build engines for both Mercedes-Benz and Infiniti is a much...
Nelson Ireson -
China On Track To Become Biggest Market For Auto Design FirmsChina is already the single biggest market for new cars, but soon it will be the biggest for new car designs too. That’s the prediction of Silvio Pietro Angori, the CEO of legendary Italian design firm Pininfarina. Speaking with Automotive News (subscription required) recently, Angori...
Viknesh Vijayenthiran -
Google Awarded First Autonomous Car License By Nevada DMVYesterday marked a significant milestone in the advancement of self-driving cars with Internet and technology giant Google being awarded the nation's first license for autonomous cars. The license was issued by Nevada’s Department of Motor Vehicles and comes less than a year after the state...
Viknesh Vijayenthiran -
Marussia B2 Sports Coupe Order Books FullWe’ve got bad news for any European readers hoping to buy a Russian-designed, Finnish-built lightweight sports coupe styled after a fighter jet: you’re chance to place an order for a Marussia B2 has come and gone. Word from the Dutch newspaper De Telegraaf is that the order book for the...
Kurt Ernst -
While normally the strongest of rivals, German auto giants BMW and Daimler have joined forces to help come up with the design for the electric car of the future. Most approaches towards electric car design has so far led to vehicles that either are too heavy and too expensive or fail to meet standard safety requirements for new cars. Now, BMW and Daimler, together with scientists at the Technical University Munich (TUM), are attempting to develop concepts for electric cars that are efficient, safe, and inexpensive. The parties have formed the joint research project ‘Visio.M’ and...
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BMW And Hyundai In Talks Over Possible Engine Deal: ReportDespite already having engine tie-ups with PSA Peugeot Citroen and Toyota, BMW is now reportedly in talks with Hyundai over a possible deal to share future development costs for powertrains and other areas. The information was revealed by an inside source who said the two automakers were only at...
Viknesh Vijayenthiran -
Google Seeks Automotive Partner For Autonomous Car ResearchAfter first announcing its self-driving, autonomous car project in 2010, Google is now about to embark on the next major advancement of the technology and that is to team up with a major automaker. The technology giant has already tested its fleet of autonomous cars over hundreds of thousands of...
Viknesh Vijayenthiran -
Chevrolet Corvette Launches In South KoreaThe Corvette will be the ninth Chevrolet model to be offered by GM Korea in the South Korean market.
Viknesh Vijayenthiran -
Honda Pioneers Technology Aimed At Preventing Traffic JamsAnyone who’s driven on a busy highway can attest that vehicles moving erratically and braking needlessly breaks up the smooth flow of traffic and leads to congestion. Honda has also observed this phenomenon and claims to have pioneered a technology based on this principle that, rather than...
Viknesh Vijayenthiran -
Formula 1 Gearing Up For IPO And Singapore Exchange Listing?We first heard rumblings that the commercial rights to the highest echelon of motorsports, Formula 1, might be for sale early last year, and then just last month reports broke that the sport’s largest equity holder, CVC Capital Partners, was considering launching an initial public offering...
Viknesh Vijayenthiran