Industry
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Work on Faraday Future’s planned $1 billion vehicle assembly plant in Nevada has been put on indefinite hold, the company confirmed on Monday. In a statement given to The Nevada Independent, Faraday Future said it’s looking for another means of production that will get its first model, the FF 91, to market faster. “We are in the process of identifying a manufacturing facility that presents a faster path to start-of-production and aligns with future strategic options,” Faraday Future’s statement read. The company also said it plans to retain the rights to the site...
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Tesla to build world's biggest battery in AustraliaTesla has entered a partnership with an Australian state to build the world’s biggest battery. The lithium-ion battery will be made up of Tesla’s industrial-scale Powerpacks and serve as a storage system for the power grid of South Australia. The total capacity will be 129...
Viknesh Vijayenthiran -
France to ban sales of gasoline and diesel cars by 2040France has vowed to end sales of gasoline and diesel cars by 2040 as part of efforts towards meeting the emission reduction aims of the Paris climate accord. The move is also aimed at reducing pollution in France’s major cities. Recall, Paris has already started banning older cars from its...
Viknesh Vijayenthiran -
Tesla hits back at IIHS after Model S falls short in latest crash testsThe Tesla Model S has consistently ranked at the top of independent crash tests since its debut earlier this decade, leading to its reputation as one of the safest cars in production. However, the Insurance Institute for Highway Safety only gave the electric sedan an “Acceptable” rating...
Viknesh Vijayenthiran -
Volvo makes moves to become electric-car brandVolvo aims to take an early lead among established automakers when it comes to vehicle electrification. The Swedish automaker on Wednesday made the bold statement that every car it launches from 2019 will be equipped with an electric motor. The cars will include mild hybrids, plug-in hybrids and...
Viknesh Vijayenthiran -
Ron Dennis agrees to sell McLaren stake, exit companySix months after his ouster as CEO at McLaren Technology Group due to a spat with fellow shareholders, Ron Dennis is now set to leave the company he helped craft over the past four decades. Dennis has agreed to sell his 25 percent stake back to the company, with the value estimated to be $358...
Viknesh Vijayenthiran -
China’s Zhejiang Geely, the holding company that owns the Volvo, Lynk & Co and Geely car brands, entered a deal in May to acquire a 51 percent in stake Lotus from Malaysian conglomerate DRB-Hicom. As part of the deal, Geely also agreed to acquire a 49.9 percent stake in Malaysian automaker Proton. Geely Chairman Li Shufu has since revealed that he’s open to building Lotus cars in China, Bloomberg reports. That doesn’t mean Geely wants to end production at Lotus’ home in Hethel, United Kingdom. A company spokesman told Eastern Daily Press that Geely wants to build...
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Plant that once built Hummers will soon build EVs for Chinese-backed startupIn a strange twist of fate, the plant that once built big, gas-hungry Hummers has been bought by a startup looking to build electric cars. On June 22, Chinese-backed electric car startup SF Motors announced plans to acquire AM General’s commercial vehicles plant located in South Bend...
Viknesh Vijayenthiran -
Troubled airbag manufacturer Takata files for bankruptcyTroubled Japanese parts supplier Takata has filed for bankruptcy protection in Japan and the United States. Takata’s debts have spiraled to an estimated $9 billion due to the massive recall program for defective airbags supplied to almost two dozen automakers and used in an estimated 100...
Viknesh Vijayenthiran -
Kia tops 2017 JD Power quality study while Jaguar, Volvo rank near bottomFor many shopping for a new car, something that’s well-built and reliable can be more desirable than how fast it goes or how many bells and whistles it comes with. One of the best means of determining these attributes is checking the annual studies conducted by J.D. Power, and the two most...
Viknesh Vijayenthiran -
Report: Harley-Davidson eyes DucatiMore evidence has emerged suggesting that the Volkswagen Group is about to sell Ducati. Following a report in April that the VW Group had hired an investment to explore options for Ducati, which it purchased in 2012 for approximately $935 million, Harley-Davidson is now in the headlines about a...
Sean Szymkowski -
Walter de Silva to design cars for Chinese EV startup ArcfoxFormer Volkswagen Group design boss Walter de Silva has come out of retirement to join German engineering consultancy EDAG, and his first task will be to design a fleet of cars for a Chinese electric car startup. The Italian designer quit his post at the VW Group in October 2015, a month after the...
Viknesh Vijayenthiran -
Audi’s e-tron Sportback concept unveiled in April at the 2017 Shanghai auto show will spawn a production model of the same name in 2019. On Wednesday, Audi confirmed that production of the e-tron Sportback will take place at the company’s plant in Brussels, Belgium. The news is hardly a surprise as the Belgian plant is where Audi will start production of its e-tron in 2018. The electric SUV was previewed by the e-tron Quattro concept at the 2015 Frankfurt auto show. “With the decision on the Audi e-tron Sportback, we are showing that Audi takes the issue of electric mobility...
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ZF, Hella team up for self-driving car techCombining their understanding of cameras and radar, German automotive suppliers Hella and ZF have entered into a strategic partnership that they say will pave the way forward for their efforts in teh field of self-driving cars. The two firms made their announcement Tuesday at a joint press...
Andrew Ganz -
Uber CEO and founder Travis Kalanick resignsSince the start of 2017, Uber has been rocked by a litany of scandals and an exodus of senior executives. Now the ride-sharing giant has lost its CEO and founder, Travis Kalanick. His resignation was announced on Tuesday and comes after an investor revolt, The New York Times reports. Uber is a...
Viknesh Vijayenthiran -
Next Ford Focus will be imported from ChinaNewly-minted Ford CEO Jim Hackett hasn't been on the job long, but he's already signed off on a major manufacturing decision: the next Ford Focus will be imported to the United States from China. The original plan was to import the car, due next year, as a 2019 model, from a new plant in Mexico...
Sean Szymkowski -
Bugatti Chiron test driver joins MazzantiItalian supercar marque Mazzanti has snagged the person that was responsible for honing the driving dynamics of the Bugatti Chiron: Loris Bicocchi. Bicocchi has been assigned as Mazzanti’s new R&D chief. He will be responsible for the entire development phase for future cars from the...
Viknesh Vijayenthiran -
Jaguar Land Rover Classic opens massive facility in UKIt was only last year that Jaguar and Land Rover brought together their various classic car operations under the one roof. We say "roof" figuratively, as the newly established Jaguar Land Rover Classic department was without a facility of its own. That issue has now been rectified as Jaguar Land...
Viknesh Vijayenthiran -
Boston, Massachusetts-based nuTonomy made headlines in August 2016 following the launch of the world’s first self-driving taxi service. Although limited to a few streets in Singapore, nuTonomy’s fleet of self-driving cars, all prototypes requiring a driving behind the wheel in case of an emergency, provided an early look at a likely future where self-driving cars will run around town offering rides. Ride-sharing firm Lyft, which is already partnered with General Motors and Waymo when it comes to self-driving cars, is now also partnering with nuTonomy. In a statement, Lyft and...
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Uber looks to rebuild as its CEO takes leave of absenceTo say it's been a rocky time for Uber recently is an understatement. Former president Jeff Jones quit the company after working there for just six months. Waymo is suing Uber over alleged theft of technology. CEO Travis Kalanick was caught berating one of his drivers. A female employee wrote a...
Jeff Glucker -
Amazon to sell cars online?Amazon has effectively changed the way consumers shop for many goods. What started as a place to purchase books has become an entertainment hub, a grocery store, and a place to score deals on some of the hottest tech gadgets. Now, it may be about to replace car dealerships. A report from...
Sean Szymkowski -
Apple finally confirms its car plansAfter years of secrecy, Apple has finally divulged some details on its much-hyped car project. In an interview with Bloomberg, Apple CEO Tim Cook confirmed the company is developing a self-driving system for cars, putting it in a race with rival tech giants such as Alphabet (Google’s parent)...
Viknesh Vijayenthiran -
McLaren road car business could launch IPO in 3-5 yearsMcLaren Automotive, the road car business of the McLaren Technology Group, which also controls the McLaren Formula One team, could follow in the footsteps of close rival Ferrari and launch an initial public offering. The information was revealed by the supercar manufacturer’s CEO, Mike...
Viknesh Vijayenthiran -
Opel CEO Neumann steps down, is tipped to take lead role at AudiOpel CEO Karl-Thomas Neumann confirmed on Monday he is stepping down. He will remain a member of the board until after General Motors’ sale of Opel to French auto giant PSA Group is completed. The sale was announced in March and is expected to close in the coming months. Neumann's replacement...
Viknesh Vijayenthiran