Industry
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The collector car market in recent years has experienced never before seen levels of growth, due mostly to rock-bottom interest rates pushing up prices of almost all assets. Yes, sadly, cars are now viewed more as investment vehicles similar to jewelry or fine art, with many owners parking their classic machines in garages or other storage facilities rather than actually driving them. It’s not at all unusual to find some of the best performance cars on the planet with only a few hundred miles on the odometer even after a decade or more of ownership. But what goes up must come down, or...
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Borgward confirms electric SUV, German plantRevived German car brand Borgward, backed by state-owned Chinese automaker BAIC, unveiled its first model in almost 50 years during the 2015 Frankfurt auto show. The model was a mid-size SUV called the BX7 that Borgward started selling in China in 2016. The BX7, which is also built in China, has...
Viknesh Vijayenthiran -
Toyota Project Portal imagines a fuel cell-powered semi truck futureTesla may have garnered buzz surrounding the announcement it will reveal a semi truck in September, but Toyota this week showed how it imagines revolutionizing the trucking industry. This hunk of tractor trailer metal is called Project Portal, and it's powered exclusively by a hydrogen fuel cell...
Sean Szymkowski -
Lynk & Co says its cars will have lifetime warrantiesLynk & Co at its Wednesday press conference at the 2017 Shanghai auto show came out with the unusually bold promise of lifetime warranties for its cars. The brand didn’t provide details on the terms but said roadside assistance will also be offered to customers. That’s not all as...
Viknesh Vijayenthiran -
Volvo’s first electric car will be built in ChinaVolvo will launch its first electric car in 2019. The car will be based on the Compact Modular Architecture designed for smaller cars and offer a range of 250 miles or more. The battery will be placed in the vehicle floor and an electric motor will be at the front axle. At the 2017 Shanghai auto...
Viknesh Vijayenthiran -
Volkswagen will build second SUV in USVolkswagen will build a second SUV at its plant in Chattanooga, Tennessee. VW Group of America CEO Hinrich Woebcken confirmed during last week’s 2017 New York auto show that a second SUV will be built at the Chattanooga plant, and that the vehicle would be a five-seater, Automotive News...
Sean Szymkowski -
Volvo has only just broken ground on its first-ever U.S. assembly plant, but we already know what vehicle will first roll out into the southern breeze of Ridgeville, South Carolina when the plant becomes operational in 2018. The next-generation S60 sedan has been selected as the first vehicle to be produced at the upcoming factory. That may sound odd, considering SUVs are the hot ticket currently, but the plans were finalized in 2014 when sedans still reigned supreme. Volvo will choose the second vehicle to fill the South Carolina plant this year. Volvo plans to produce up to 60,000 S60s for...
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Ford ready for pickup truck assault in ChinaPickup trucks may be as American as apple pie, but Ford sees a big opportunity for the vehicles in China where the automaker will be introducing its famous “Built Ford Tough” tagline. Ford’s been exporting F-150 Raptor SuperCrews to China since the start of the year, and at its Go...
Viknesh Vijayenthiran -
New York approves self-driving car tests on public roadsLong an avid opponent of driverless cars, thanks to its law requiring drivers to keep one hand on the steering wheel at all times, the state of New York has approved the testing of autonomous vehicles on public roads. According to a report by the Rochester Democrat and Chronicle, a new measure in...
Sean Szymkowski -
Maker of Peugeot and Citroën cars establishes North American opsFrench automaker PSA Group only last month agreed to purchase Opel from General Motors. The automaker has also got around to establishing PSA North America, with former TrueCar and Nissan executive Larry Dominique put in charge of the new operation. But PSA isn’t ready just yet to establish a...
Viknesh Vijayenthiran -
Audi, Porsche collaborate on next-gen platformAudi and Porsche may both be brands in the Volkswagen Group, though they’re staunchly independent. In fact, up until last year were even competing against each other in top-level motorsport. Nevertheless, they also collaborate on projects when it suits them. This has involved the sharing of...
Viknesh Vijayenthiran -
Mercedes working on ‘Level 5’ self-driving car with BoschThe scale and complexity, not to mention cost, of developing self-driving cars is causing a lot of consolidation behind the scenes. For example, Volvo has joined forces with Autoliv; BMW with Intel and Mobileye (soon to be owned by Intel); and now Mercedes-Benz has also announced it will work with...
Viknesh Vijayenthiran -
Regardless of where fuel prices go in the coming years, Mercedes-Benz’s future will be one skewed towards electrification. The automaker launched its new EQ sub-brand for electrified cars during last fall’s 2016 Paris auto show by unveiling the Generation EQ concept and promising 10 pure electric cars by 2025. Such is the pace of the industry’s transformation that just six months on Mercedes has announced that it will accelerate its electric car plans by three years. The new target is 10 electric cars by 2022. “We want to shape the profound transformation of the...
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Audi buying car-rental service SilvercarIt seems as if you can’t get away from the word “mobility” in today’s automotive vernacular. From BMW’s ReachNow to General Motors’ Maven, nearly every major automaker is looking for a piece of the personal mobility market. Audi has plans to further expand its...
Sean Szymkowski -
Route 66 edges closer to becoming a solar roadSolar Roadways, an Idaho-based startup, is eyeing up the iconic, cross-country Route 66 to potentially lay the familiar road with solar panels. We first learned of the plan a year ago, and since then Solar Roadways and the state of Missouri have collaborated to first install Solar Roadways’s...
Sean Szymkowski -
Ford investing $850M in Michigan to support Bronco, Ranger productionFord in January finally confirmed it is bringing back the Bronco and Ranger. The Ranger will come first, as Ford’s alternative to mid-size pickups like the Chevrolet Colorado, GMC Canyon, Honda Ridgeline, Nissan Frontier and Toyota Tacoma. It will be an updated version of the Ranger currently...
Viknesh Vijayenthiran -
Tesla CEO Elon Musk launches Neuralink venture to merge human brain with AIFirst it was electric cars, and then came the mission to conquer space exploration and Mars. Now, Tesla and SpaceX CEO Elon Musk has set his sights on yet another lofty venture called Neuralink. According to The Wall Street Journal (subscription required), Neuralink’s mission is to help human...
Sean Szymkowski -
Group led by AC Cars buys bankrupt sports car startup ZenosIn January, we learned that British sports car startup Zenos had entered administration, a process similar to bankruptcy protection. A group led by fellow British sports car brand AC Cars, maker of the legendary AC Cobra, has since acquired the rights to the Zenos name and all of the...
Viknesh Vijayenthiran -
Mercedes-Benz used the 2016 Paris auto show to launch a new sub-brand for electrified cars called EQ. Since then Mercedes has used the EQ Power+ name on its 2017 Formula One car and Mercedes-AMG GT concept to denote the cars’ respective hybrid powertrains, and eventually the automaker will start offering EQ-badged electric cars. A potential problem for Mercedes is that in China local automaker Chery has been selling an electric car called the Chery eQ for the past two years—and Chery is not happy about Mercedes adopting the name. A spokesperson for Chery confirmed to Reuters on...
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Porsche profit per car totaled $17,250 in 2016, could go higher with digital servicesPorsche delivered 238,000 cars in 2016 and banked 3.9 billion euros (approximately $4.1 billion) in operating profit. That works out to roughly $17,250 in operating profit per car, up 9 percent on 2015's results. BMW and Mercedes-Benz are looking at around $5,000 per car. Ferrari, meanwhile, can...
Viknesh Vijayenthiran -
BMW to launch 40 new or updated models in next 2 yearsHaving lost the luxury car sales race to Mercedes-Benz in 2016, BMW is planning an aggressive roll-out of new products over the next two years to claw its way back to the top spot. In a press conference held Tuesday in Munich, Germany to outline its financial results, BMW’s CEO Harald...
Viknesh Vijayenthiran -
Uber President quits after 6 monthsUber President Jeff Jones has quit just six months after joining the ridesharing firm. CEO Travis Kalanick hinted at the reason for Jones’ departure in an email sent to staff on Sunday announcing the move. (Prior to joining Uber as second in command, Jones was Chief Marketing Officer at...
Viknesh Vijayenthiran -
What’s in store for Opel’s futureRecently we looked at what’s in store for General Motors now that it’s sold its struggling European unit Opel to PSA Group. But what about the future of Opel? CEO Karl-Thomas Neumann has discussed the matter with Auto Motor und Sport, revealing that he won’t be treading far from...
Viknesh Vijayenthiran -
Following Opel sale, more downsizing in store for GMGeneral Motors this month finally sold its struggling European unit Opel (along with Vauxhall, Opel’s brand for the United Kingdom) to France's PSA Group after racking up two decades of losses totaling close to $20 billion. However, it’s unlikely the automaker has finished its...
Viknesh Vijayenthiran