Industry
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Volvo has confirmed that China will eventually become the exclusive hub for production of its S90 sedan. That means all S90s sold in the United States will eventually be sourced from China instead of Sweden where the sedans are currently sourced from. “China will play an increasingly important part in our global manufacturing ambitions,” Volvo CEO Håkan Samuelsson said in a statement. “Our factories [in China] will deliver world class products for export across the globe in coming years, contributing to our objective of selling up to 800,000 cars a year by 2020.”...
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Toyota teams up with Getaround to trial car-sharing serviceMany within the industry are predicting a future where car sharing becomes more popular than actual ownership. Though this represents a threat to automakers, rather than ignore the trend most are looking at ways to profit from it. One strategy for automakers is launching their own car-sharing...
Viknesh Vijayenthiran -
Aston Martin launches Timeless certified pre-owned programManufacturer-run certified pre-owned vehicle programs help take the worry out of buying used cars and in the longer term often improve confidence in a brand as well as resale values. Aston Martin is the latest to launch its own certified pre-owned program, which it has labeled Timeless. The program...
Viknesh Vijayenthiran -
Otto's self-driving Budweiser beer truck completes 120-mile runOtto and Budweiser brewer Anheuser-Busch made history in October by successfully making the first delivery by a self-driving truck. Last week, one of Otto’s self-driving truck prototypes traveled 120 miles on a stretch of Colorado highway between Fort Collins and Colorado Springs to deliver...
Viknesh Vijayenthiran -
Judge approves VW’s $14.7B buyback of 2.0-liter dieselsThe Volkswagen Group in June reached a settlement with the EPA and numerous other regulators to resolve civil claims over the automaker’s diesel emission cheating scandal, which erupted in September 2015 with the discovery of numerous VW Group vehicles whose diesel engines were fitted with...
Viknesh Vijayenthiran -
Renault Nissan to be a top 3 automaker following successful acquisition of MitsubishiNissan on Thursday announced the successful acquisition of a 34 percent stake in fellow Japanese automaker Mitsubishi. The deal, valued at 237 billion yen (approximately $2.28 billion), was first announced in May following the emergence of Mitsubishi’s own emissions cheating scandal, which...
Viknesh Vijayenthiran -
Tesla [NSDQ:TSLA] and its battery partner Panasonic have signed a letter of intent over a deal to manufacture solar cells and modules in Buffalo, New York. The deal would see Panasonic begin production of solar products at a plant in Buffalo in 2017, with Tesla providing a long-term purchase commitment. Panasonic already supplies Tesla with batteries for its cars and is a part owner of Tesla’s Gigafactory battery plant in Nevada. “We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity,” JB Straubel, Chief Technical Officer...
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Tighter emissions leading to... bigger engines?Europe carmakers are currently in the midst of an emissions and fuel economy crisis. According to Reuters, it seems that tougher emissions tests are on the way in the wake of the Volkswagen diesel deception. Over a handful of recent years, automakers have been steadily decreasing the size of their...
Jeff Glucker -
Report: Cost cutting could see Audi drop MLB in favor of other VW Group platformsAudi is one of a handful of brands at the Volkswagen Group that still develops its own platforms. It’s responsible for the MLB platform designed for larger front- and all-wheel-drive vehicles with longitudinal engines, for example the Q7 and A8, as well as the more bespoke platform found in...
Viknesh Vijayenthiran -
Mercedes denies claims its self-driving cars will prioritize own occupants over other road usersSelf-driving cars have the potential to bring substantial societal benefits, the primary one being improved safety. The thinking is that by replacing the human with a computer, the number of accidents could be dramatically reduced. This is based on results of studies that show the majority of...
Viknesh Vijayenthiran -
Report: Apple’s Project Titan changes focus to self-driving car techThough Apple [NSDQ:AAPL] has never publicly acknowledged it is working on a car, comments from numerous insiders as well as the tech giant’s recent poaching of senior auto industry staff suggest otherwise. Sadly, the project, which has been doing the rounds under the code name Project Titan...
Viknesh Vijayenthiran -
BMW & Hyundai score big in first-ever J.D. Power tech surveyIn theory, new technology should make our lives easier. But as anyone with an overflowing email inbox or a dodgy wireless router can attest, tech can actually make things worse. Nowhere is this truer than in cars. (For reference, check the ongoing lawsuits against Ford Motor Company [NYSE:F] over...
Richard Read -
Airbnb is shaking up the hotel industry with its online peer-to-peer accommodation sharing model, and soon we could see a similar service offered for cars. Car sharing already exists in many of the world’s major cities, but the cars are usually owned by a company, sometimes even an automaker, such as in the case of Mercedes-Benz's Car2Go. An Airbnb-style model would see individual car owners lending their cars to strangers, in return for cash. Mercedes is now about to test the waters with just such a service. ALSO SEE: BMW & Hyundai score big in first-ever J.D. Power tech survey...
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Ban on gas and diesel cars gains momentum in GermanyThe sale of gasoline- and diesel-powered cars in Germany may end up being prohibited as early as 2030, if guidelines set out in a resolution passed by the German upper house are adopted. The resolution, though non-binding, also urges the European Commission to implement the ban across the European...
Viknesh Vijayenthiran -
Ford shuts Australian plant, ending Falcon and Territory productionFord Motor Company [NYSE:F] in 1925 became the first major automaker to start car production in Australia. On Friday, the Blue Oval shut its Australian car plant, located North of Melbourne, ending production of the Falcon range and its Territory SUV variant. The automaker previously shut a nearby...
Viknesh Vijayenthiran -
Henrik Fisker revives Fisker brand for electric car startupFisker is dead. Long live Fisker. Danish designer Henrik Fisker’s previous car company Fisker Automotive may have flopped, but that hasn’t stopped the serial entrepreneur from starting a new one. No, we’re not talking about VLF, a coachbuilder Fisker formed with fellow industry...
Viknesh Vijayenthiran -
Trump attack on Ford spurs UAW boss to confirm Bronco is officialSometimes all it takes to learn a juicy bit of product news is a little bit of controversy. In response to Donald Trump's attack on Ford Motor Company [NYSE:F] for moving production of its Focus, C-Max and C-Max Energi compact cars to Mexico, the Blue Oval has said that zero jobs will be lost in...
Kirk Bell -
Lotus could be up for grabs in sale of unprofitable parent ProtonOwnership of Lotus could soon change hands if the sale of its unprofitable parent company Proton goes ahead. A controlling stake in Proton was bought by DRB-Hicom in 2012 for approximately $410 million but the Malaysian conglomerate has struggled to turn the automaker around and recently reached...
Viknesh Vijayenthiran -
There remain two main barriers to the wide-scale introduction of autonomous cars: technological and regulatory. While the automakers and tech firms continue to make rapid advancements in the technological side, the regulatory aspect has been lagging. That’s starting to change, though, and on Tuesday we saw a major step taken by the government with the Department of Transportation presenting guidelines for the safe testing and deployment of autonomous cars, which you can read in full here. The decision to go ahead with the guidelines is based on the government’s belief that...
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Report: Apple in talks to buy McLaren, possible full takeoverApple [NSDQ:AAPL] has approached McLaren Technology Group over a potential sale of part or all of the company, the Financial Times reported on Wednesday. The deal could be worth as much as £1.5 billion (approximately $1.94 billion), people familiar with the matter told the British...
Viknesh Vijayenthiran -
Private car ownership a thing of the past by 2025, predicts Lyft bossLyft President and co-founder John Zimmer says a majority of hailed rides will be in autonomous cars, as soon as 2021. Zimmer made the prediction in a manifesto of sorts titled The Third Transportation Revolution: Lyft’s Vision for the Next Ten Years and Beyond, which you can read here. He...
Viknesh Vijayenthiran -
America’s Divergent helping bring 3D-printed metal parts to carsDivergent 3D, the company that in 2015 unveiled what it claimed to be a 3D-printed supercar, has partnered with French auto giant PSA Group to introduce 3D-printed metal components in mass-produced cars. Divergent is a startup based in Los Angeles that has developed a proprietary...
Viknesh Vijayenthiran -
BMW to outsource some 5-Series production to Magna SteyrBMW is gearing up for the start of production of its seventh-generation 5-Series. Already spied extensively in prototype form, the new sedan and wagon adopt the carbon fiber-infused platform of the larger 7-Series as well as that model’s production line at BMW’s plant in Dingolfing...
Viknesh Vijayenthiran -
Aston Martin starts hiring for SUVAston Martin’s new plant in St Athan, Wales will be up and running in 2020. The automaker will initially use the plant to build an SUV and later add production of two sedans, possibly wearing Lagonda badges. A former military base has been chosen as the site. Construction will commence in...
Viknesh Vijayenthiran