Industry
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Tesla sold approximately 360,000 cars in 2019, earning it a non-GAAP profit of $35.8 million.
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Detroit-Hamtramck to be GM's first dedicated EV plantThe Detroit-Hamtramck Assembly plant will start churning out EVs from late 2021 and the first to arrive will be a pickup truck.
Viknesh Vijayenthiran -
Lucid Air exports to Europe to commence in late 2021Europe has been named as the first export market for American EV startup Lucid.
Viknesh Vijayenthiran -
Jeep's car-sharing subscription service potentially called My FreedomJeep has filed for a trademark on the term "My Freedom," and described it as motor vehicle subscription services.
Joel Feder -
Toyota looks to the skies with $394M investment in Joby Aviation VTOL aircraftThe future of mobility may be in the skies, with Toyota investing $349 million in Joby Aviation's electric vertical take off and landing aircraft.
Kirk Bell -
Tesla looks to open R&D center in China, develop Chinese-specific vehiclesTesla posted an ad in China announcing an R&D center and looking for car designers for Chinese-style vehicles.
Joel Feder -
VW Group CEO Herbert Diess told company executives that a radical shift toward electric cars and software expertise is needed.
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The Urus SUV helped Lamborghini shatter its all-time sales record in 2019Lamborghini sold almost 5,000 Urus SUVs in its first full year on the market, which helped the brand set a new sales record.
Joel Feder -
Chevy Corvette, Kia Telluride and Jeep Gladiator take top honors in 2020 North American Car, Utility and Truck of the Year AwardsThe winners this year were picked from an original list of 46 nominees.
Viknesh Vijayenthiran -
Geely reportedly eyes Aston Martin stakeAston Martin would sit alongside Lotus, Smart and Volvo in Geely's portfolio of western car brands if the deal goes ahead.
Viknesh Vijayenthiran -
Aston Martin takes to the skies with ACH130 helicopterAston Martin and Airbus have revealed the first fruit of their recently established partnership.
Viknesh Vijayenthiran -
Carlos Ghosn flees to Lebanon to escape “injustice and political persecution” in JapanFacing trial in Japan on fraud charges, the former chief of the Renault Nissan Mitsubishi Alliance somehow managed to escape to Lebanon.
Viknesh Vijayenthiran -
The first batch of cars were delivered to Tesla employees.
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Uber founder Travis Kalanick sells shares, leaves boardKalanick has netted over $2.5 billion from selling down over 90 percent of his shares in Uber.
Viknesh Vijayenthiran -
VW expects to hit 1M-electric car milestone two years earlyVolkswagen Group is investing $37 billion on EVs through 2024, with a third of this earmarked for the Volkswagen brand alone.
Viknesh Vijayenthiran -
Turkey's new national car brand reveals electric sedan and SUVTurkey's new car brand is called TOGG and is planning its first model for launch in 2022.
Viknesh Vijayenthiran -
EV startup Rivian raises $1.3B in latest round of fundingThe funding puts Rivian in a good position to start production of its R1T pickup truck and R1S SUV on schedule in late 2020.
Viknesh Vijayenthiran -
Lamborghini CEO: Sales to stabilize at 8,500 units until arrival of fourth modelLamborghini doesn't expect its next growth spurt until the arrival of a fourth model, likely a 2+2 grand tourer, around 2025.
Viknesh Vijayenthiran -
Share Now, a car-sharing service jointly operated by BMW Group and Daimler will cease operations in the United States on February 29, 2020. Share Now will also cease operations in Canada and the European cities of London, Florence and Brussels on the same date. Reasons given include a lack of demand and rising operating costs. The service will still operate in 18 European cities and more locations could be added if there's the potential for profitable growth, Share Now said in a statement. After BMW and Daimler merged their mobility businesses in 2018, Share Now was formed from BMW and...
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AMG may have to cut back on some of its more powerful models due to emissions regsStricter emissions regulations in Europe may see some of our most cherished nameplates disappear or turn into hybrids. Otherwise, the companies building them could end up paying millions in fines. Starting in 2021, automakers operating in Europe will need to reduce their fleet average CO2 emissions...
Viknesh Vijayenthiran -
Fiat Chrysler and PSA Group sign merger agreementBased on 2018's numbers, the merged entity would have annual sales of 8.7 million units and revenues of nearly $190 billion.
Viknesh Vijayenthiran -
Jaguar Land Rover buys off-road racing specialist BowlerJaguar Land Rover on Wednesday announced it has acquired Bowler, which will form a new division of the automaker's expanding Special Vehicles Operations skunk works. Many readers may never have heard of Bowler but those who have will recognize the British firm as an off-road specialist that...
Viknesh Vijayenthiran -
Ineos partners with Magna for Grenadier SUV developmentThe Ineos Grenadier is scheduled to start production in 2021, just one year after Land Rover's new Defender.
Viknesh Vijayenthiran -
Aston Martin confirms talks with new investorsAmong the new investors is thought to be the billionaire backer of the Racing Point Formula One team.
Viknesh Vijayenthiran