Industry
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After taking over the CEO position at Ford in May, Jim Hackett immediately set to work on a 100-day review of the company to develop a strategy to address the massive forces afflicting the automotive industry, namely automation, electrification and falling demand for traditional passenger car models. Hackett on Tuesday presented his 5-year strategy which attempts to improve the “fitness” of Ford in this changing landscape. It calls for tighter growth assumptions, substantial cost reductions, and a new focus for product strategy. Hackett’s strategy also called for Ford to...
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Volkswagen Group decides to keep DucatiThe Volkswagen Group has ruled out selling Ducati following strong opposition from the Italian motorcycle brand’s labor union, FIOM CIGL. Ducati CEO Claudio Domenicali made the announcement to staff on Friday, union representative Bruno Papignani confirmed to Bloomberg. Helping to sway the...
Viknesh Vijayenthiran -
First of 20 new GM electric cars by 2023 due within next 18 monthsWhile Europe’s major automakers have been quick to jump on the electric car bandwagon, automakers in other regions have so far been more reserved. The tide is slowly changing, though, as evidenced by General Motors’ announcement on Monday it will launch 20 electric cars by 2023. And the...
Viknesh Vijayenthiran -
VW introduces 6-year/72,000-mile warrantyVolkswagen doesn’t quite have the same reputation for dependability as some of its rivals, an issue only worsened by the diesel scandal. The automaker is keen to change perceptions, though. That’s why it announced on Friday a new 6-year/72,000-mile (whichever comes first) People First...
Viknesh Vijayenthiran -
Volkswagen Group low-cost brand back on the table?The VW Group for years has been mulling whether to launch a low-cost brand to challenge the Renault Nissan Mitsubishi Alliance’s successful Dacia brand as well as some popular emerging market brands such as India’s Tata and several offerings from China. The biggest hurdle remains...
Viknesh Vijayenthiran -
Mercedes tests the waters with on-demand drone delivery serviceAutomakers often tout “mobility services” as a potential source of future growth. It’s easy to see car- and ride-sharing services fitting in with the portfolio of mobility services but there are many more possibilities. Mercedes-Benz, or more specifically Mercedes-Benz Vans, is...
Viknesh Vijayenthiran -
For the first time ever, the Detroit Big Three will likely cede the North American production crown this year. A new automotive manufacturing forecast says General Motors, Ford, and Fiat-Chrysler Automobiles will build fewer cars in North America than foreign automakers (plus Tesla) on the continent. Specifically, the forecast expects the Big Three's total production figure to total 8.6 million vehicles in North America, which includes Canada, the United States, and Mexico. Foreign automakers and U.S. automaker Tesla will just inch out GM, Ford, and FCA with 8.7 million vehicles built...
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China’s Geely completes acquisition of LotusZhejiang Geely Holding Group in May agreed to purchase 51 percent of Lotus, giving the Chinese automaker a sports car brand to sit alongside its other brands which include the likes of Volvo, Lynk & Co. and Geely. Geely Holding on Friday closed the deal which sees the remaining 49 percent of...
Viknesh Vijayenthiran -
Report: Former Porsche R&D chief arrested in connection to diesel scandalFormer Porsche R&D chief Wolfgang Hatz who stepped down in the wake of the diesel scandal afflicting the Volkswagen Group has been arrested in Germany as part of an investigation into the scandal by local prosecutors, a person familiar with the matter told Reuters on Thursday. German business...
Viknesh Vijayenthiran -
Ford and Lyft partner on self-driving carsFord has partnered with ride-sharing company Lyft to help accelerate the rollout of a fully self-driving taxi service. It’s a goal a number of firms spanning the automotive, ride-share and tech industries are chasing, and this has led to several partnerships like the one between Ford and...
Viknesh Vijayenthiran -
Vacuum company Dyson plans electric car by 2020British household appliance firm Dyson’s claim to fame may be a bagless vacuum cleaner, but in the not too distant future we may also associate the company with cars. In an email sent to Dyson employees on Tuesday, founder and chief engineer James Dyson confirmed plans for an electric car to...
Viknesh Vijayenthiran -
Volvo to build next-gen XC90 in US starting from 2021Volvo on Monday confirmed it will add XC90 production to its new plant being constructed just outside of Charleston, South Carolina. The first model to be produced at the plant which becomes operational in the fall of 2018 will be the next-generation S60. XC90 production will start in 2021. By...
Viknesh Vijayenthiran -
Charging an electric car isn't exactly the same as stopping at a local fuel station to fill up in a matter of minutes. In fact, owners of electric vehicles often wait for 20 to 30 minutes while their car charges. Tesla may be interested in making the wait time at its Supercharger stations a tad more bearable and is reportedly mulling over the addition of convenience stores to its charging stations. While there are no definite plans, Grub Street reports Tesla is seriously interested in attaching 7-Eleven-like stores to its Supercharger stations. At FSTEC, the largest food and technology...
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Why Care by Volvo could revolutionize car ownershipAutomakers go to great lengths to make their cars stand out, but surprisingly they do very little to make the actual ownership experience pleasant. Typically, it’s the exclusive responsibility of the dealership or third-party firms to look after the customer. Volvo is introducing a new model...
Viknesh Vijayenthiran -
What goes up must come down: classic car values dip in 2016For the past few years, some of the most solid investments a person could make were in classic cars. From 2012 onward, the value of vintage models has skyrocketed to heights the market has never seen before. But, nothing lasts forever. The most recent report on the state of collectible items shows...
Sean Szymkowski -
Electric news: Bosch and Nikola team up on hydrogen semis, Camel Group invests in RimacTwo major movements occurred this week on the alternative-propulsion front. First, Croatian firm Rimac, responsible for the insane Concept_One supercar, announced Chinese battery manufacturer Camel Group has invested $36 million into its future operations. Second, Bosch announced it will join...
Sean Szymkowski -
Mercedes investing $1B in Tuscaloosa plant to build electric SUVsMercedes-Benz will spend $1 billion in its Tuscaloosa, Alabama assembly plant to build batteries and electric SUVs, the German automaker confirmed Thursday as part of the 20th anniversary celebration for its U.S. plant. The electric SUV is scheduled for early next decade. The plans call for a new...
Kirk Bell -
Next Dodge Challenger, Charger to ride on Maserati platform, arrive in 2021?It seems there’s been another major change in Fiat Chrysler Automobile’s planning, one that, if true, will undoubtedly cause further delays in the redesign of several key models. According to Automotive News (subscription required), FCA has ditched plans to base the next-generation...
Viknesh Vijayenthiran -
The 2017 Frankfurt Auto Show was full of new cars and futuristic designs, but one word hummed in the background: electrification. Many major automakers announced that they would produce more electric or electrified vehicles in the near future, while others doubled down on moving to fully electrified portfolios with a self-imposed date. Mercedes-Benz and Volkswagen Group were the latest. Both German automakers announced their plans to move to a fully electrified lineup over the next decade at the show's preview days last week. Mercedes-Benz said by 2022 all of its cars will offer an...
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Daimler beats Tesla to electric truck production with Fuso eCanterTesla may have pushed back the reveal of its electric semi-trailer truck to October, but German auto giant Daimler is moving full-speed ahead with its own electric truck plans. This week Daimler, which owns the Mercedes-Benz and Smart car brands as well as the Freightliner and Western Star truck...
Sean Szymkowski -
Renault Nissan’s new 6-year strategy calls for 12 electric cars, self-driving taxi serviceThe automotive alliance that consists of French automaker Renault together with Nissan and Mitsubishi, plus their respective brands, has branded itself the Renault Nissan Mitsubishi Alliance. And on Friday, Carlos Ghosn, who serves as chairman and CEO, laid out the new strategy “Alliance...
Viknesh Vijayenthiran -
Kia hires ex-BMW designer Pierre Leclercq as new design bossHyundai Motor Group is boosting its arsenal of top designers by adding Belgian Pierre Leclercq to its ranks. Leclercq will fill the new role of Head of Styling for Kia, where he will be in charge of shaping the long-term design strategy for the brand. He’s also been tasked with ensuring...
Viknesh Vijayenthiran -
China could be next to ban sale of cars powered solely by gas or diesel enginesChina could soon join the United Kingdom and France in pledging to ban the sale of cars powered solely by an internal combustion engine. Unlike the U.K. and France which have set 2040 as a deadline, China is still deciding on its own date. German Chancellor Angela Merkel also recently revealed that...
Viknesh Vijayenthiran -
Bosch develops off-the-shelf powertrain for electric carsWhile some automakers have plenty of expertise in electric powertrains, others haven't entered the realm. Bosch is hoping automakers will see past developing their own electric powertrain technology and fancy a ready-to-use unit instead. The automotive supplier has revealed its off-the-shelf...
Sean Szymkowski