Industry
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Remember when a BMW was considered “The Ultimate Driving Machine”? The automaker still makes great driving machines, but the ultimate? That’s difficult to gauge objectively but even BMW acknowledges it’s focus is changing, at least when it comes to high-end models. For cars like the 7-Series, the i8 and the inbound X7 and 8-Series, BMW says the focus won’t be on driving pleasure. Instead, the automaker hints at new ideals such as desirability, exclusive experiences and unforgettable moments in time. What exactly does that mean? BMW is still attempting to find out...
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Williams Advanced Engineering debuts off-the-shelf EV platformAutomakers spend millions to design and engineer vehicle platforms, but some suppliers think a switch to off-the-shelf solutions may be an essential part of future vehicles. To capitalize on this, Williams Advanced Engineering, the technology offshoot of the Williams Formula 1 team, has revealed...
Sean Szymkowski -
Jaguar Land Rover the latest to commit to fully electrified lineupJaguar Land Rover is the latest automaker to commit to a fully electrified lineup. CEO Ralf Speth made the announcement on Thursday at Jaguar Land Rover’s Tech Fest event in the United Kingdom. Jaguar Land Rover has set a deadline of 2020 from which every new model launched will be...
Viknesh Vijayenthiran -
Marchionne: no offer for FCA on the tableDespite his best efforts to find a buyer or merger partner for Fiat Chrysler Automobiles, Sergio Marchionne, who serves as the automaker’s CEO, has confirmed there’s been no takers. Speaking with Reuters on Saturday, Marchionne replied with a “no” when asked whether FCA had...
Viknesh Vijayenthiran -
Flush with cash, Detroit Electric to announce full vehicle lineup in SeptemberFlush with cash from a major Chinese investor, Detroit Electric is on the verge of announcing a full lineup of electric cars the company plans to launch in the coming years. The historic American brand was revived in 2008 by a former Lotus engineer together with Chinese interests, and has since...
Viknesh Vijayenthiran -
Domino's is working with Ford for autonomous pizza deliveryThe pizza guy, or lady, may one day be a thing of the past as Ford and Domino's announced a new partnership to deliver pizzas with self-driving cars. With a fleet of self-driving Ford Fusion Hybrids, Domino's will begin to carry out pizza deliveries with the advanced cars, though a Ford safety...
Sean Szymkowski -
Following an incredibly turbulent year for the popular ride-sharing company, Uber has chosen its next CEO. Dara Khosrowshahi, CEO of Expedia, has been tapped to replace former CEO and Uber founder Travis Kalanick. The New York Times reports the selection has been made official by Uber's board of directors, though Khosrowshahi hasn't formally been offered the position yet. A formal offer and acceptance is expected to occur on August 29. Khosrowshahi has been heralded for turning Expedia into a travel-site powerhouse. The travel website was spun off from parent company IAC in 2005 and...
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VW engineer receives 40-month prison term, $200,000 fine for diesel scandalFormer Volkswagen engineer and German citizen James Liang was sentenced on Friday in a Detroit court to 40 months in prison and given a fine of $200,000 for his involvement in the Volkswagen Group’s diesel scandal. The sentence was handed down by U.S. District Court Judge Sean Cox and was...
Viknesh Vijayenthiran -
Alfa Romeo, Maserati spinoff back in the spotlightLate last year, talk of Fiat Chrysler Automobiles spinning off its upmarket Alfa Romeo and Maserati brands emerged in investor circles. The thinking was that the money raised could eliminate FCA’s debts of around $7 billion and thus improve the company’s credit rating and better prepare...
Viknesh Vijayenthiran -
NEVS partners with Chinese ride-sharing giant Didi Huaxing, Beijing tech firmChinese-backed, Swedish-based NEVS has forged two new alliances as it prepares to start production of electric cars based on former Saab platforms. NEVS’s goal is to become an electric car company and provider of mobility services. One of NEVS’s future mobility services is likely to be...
Viknesh Vijayenthiran -
Ford exploring potential joint venture with Chinese company to build electric carsChina is the world's number one automotive market, and adding fuel to booming auto sales is the fact that electric cars are expected to grow exponentially. With this in mind, Ford has signed a memorandum of understanding to potentially build a line of future electric cars in conjunction with a...
Sean Szymkowski -
Audi to introduce new naming structure to incorporate nonconventional powertrainsPrepare for Audi's naming structure to become slightly more complicated. The German luxury brand has revealed its new naming structure, which will allow Audi to incorporate vehicles with nonconventional powertrains, such as plug-in hybrids and electric cars, into its naming scheme. To be clear, the...
Sean Szymkowski -
A Chinese automaker named after the country's most iconic structure says it wants to own the most quintessentially American of automakers: Jeep. One week ago, a report claimed an unnamed Chinese automaker had placed a bid to buyout Fiat-Chrysler Automobiles, a move that would fulfill CEO Sergio Marchionne's dream of merging with another automaker ahead of his retirement. Following that initial report, FCA's suitor has revealed itself—though it's really just interested in the crown jewel: Jeep. Automotive News (subscription required) reports Chinese automaker Great Wall Motor Company has...
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FCA joins BMW, Mobileye, and Intel's self-driving car allianceFiat-Chrysler Automobiles has signed a memorandum of understanding to become the first automaker to join BMW, Intel, and Mobileye's alliance to develop a dedicated self-driving car platform, the automakers announced Wednesday. Intel and BMW began work on a self-driving car platform last year and...
Sean Szymkowski -
Toyota and Intel form big-data alliance for connected an autonomous carsWith the rise of connected and self-driving cars, a nearly unlimited amount of data is being created for companies to harness and mine. It's easier said than done, and that's precisely why Toyota and Intel have formed an alliance with a handful of other companies to create a definitive ecosystem...
Sean Szymkowski -
German Chancellor Merkel says non-electrified cars will be phased out, but won’t say whenGovernments, particularly in Europe, are under pressure to curb emissions. In July, both France and the United Kingdom agreed to ban the sale of cars powered solely by gasoline or diesel by 2040. But the government in Germany, a country perhaps more closely linked with its auto industry than any...
Viknesh Vijayenthiran -
Report: Chinese automaker makes bid for Fiat Chrysler AutomobilesFiat Chrysler Automobiles CEO Sergio Marchionne has been fishing for a potential merger partner or buyer for the past couple of years. His goal is to find someone willing to share the burden of steep capital costs the auto industry demands. Now it seems that one party has finally bitten. Automotive...
Viknesh Vijayenthiran -
Lotus shocks, heads toward profitability as fiscal year closesLotus has pulled a money-laden rabbit from its top hat. With the results of its 2016/2017 fiscal year, Lotus Group International Limited's operations are heading toward profitability. At the close of the fiscal year, Lotus posted a positive earnings before interest, tax, depreciation, and...
Sean Szymkowski -
Times are changing in the automotive industry when traditional automakers begin to view disruptors—such as Tesla—as true competitors. The latest such comments come from the world's largest automaker by sales: Volkswagen Group. Volkswagen brand CEO Herbert Diess told Reuters it officially views Tesla not as an underdog, but a legitimate competitor. Not only that, but he alluded to the electric-car maker as a true threat. Asked about Volkswagen's direct competitors, he replied, "In the old world it is Toyota, Hyundai, and the French carmakers. In the new world, it is Tesla." This is...
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Faraday Future leases Californian plant after receiving $14M rescue loanAfter stopping work on its planned $1 billion plant in Nevada in July, electric car startup Faraday Future has managed to secure access to an existing plant that will allow it to get its first model, the FF 91, to market faster. Faraday Future on Monday said it has leased a 1 million-square-foot...
Viknesh Vijayenthiran -
Ferrari loses the Testarossa trademark in GermanyIn a shocking decision by a German court, Ferrari has lost the rights to the "Testarossa" name in the country. A German toy maker will now use the Testarossa name and has plans for some oddball items to brand with the moniker we've long associated with the prancing horse. First reported by German...
Sean Szymkowski -
Tata cancels plans for Tamo sub-brand, Racemo sports carEfforts to reduce costs at Tata means the Indian automaker will no longer proceed with plans for the Tamo sub-brand and Racemo sports car. The information comes from Autocar India which also reports that Tata will skip the Geneva auto show next year for the first time in two decades, and also...
Viknesh Vijayenthiran -
German firms likely to stop ICE development in as little as 6 years, says major supplierContinual improvements in alternative technologies coupled with environmental mandates that spur their growth may lead to automakers starting to abandon internal combustion engine development in as little as six years. That’s the word of major automotive supplier Continental’s CFO...
Viknesh Vijayenthiran -
German firm plans Tesla Gigafactory-rivaling battery plantThe race to capitalize on the growing need for electric car batteries is well and truly underway. Although Tesla has an early start with its massive 35-gigawatt-hour Gigafactory, a German firm has announced plans for its own battery plant to rival Tesla's operation. A consortium known as Terra E...
Sean Szymkowski