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Tag Archives: Industry

Polestar starts construction of plant in China

Polestar, formerly Volvo's in-house tuner, will forge ahead as a standalone brand within Volvo Cars Group. On Monday, the brand announced it broke ground on its first manufacturing facility in Chengdu, China. It will be the assembly plant for all future Polestar models. Volvo already has a plant in Chengdu and the new plant will follow typical Chinese...

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Self-driving Jaguar Land Rover prototypes take to public roads in UK

Self-driving prototypes from Jaguar Land Rover last week took to public roads in the automaker's home market for the first time. The test was part of the United Kingdom's Autodrive project, a government-backed 3-year initiative that involves testing of self-driving cars on the streets of Milton Keynes and Coventry. Previously, all testing was...

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Hyundai SUV onslaught will include diesel, electric and fuel cell models

Hyundai's been caught out by the consumer shift to SUVs and pickup trucks, and this is reflected in the automaker's sales which in the first half of the year are down nearly 11 percent compared to an overall market decline of only 2.9 percent. The picture is much bleaker when you focus solely on Hyundai's sedans. In response, Hyundai is...

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Book by Cadillac expands to LA and Dallas

Car subscription services have begun to gain more widespread attention with launches such as Care by Volvo and Porsche Passport. Before both of those services, Cadillac arrived on the scene with its Book service, which launched early this year. Following a pilot program in New York City, Cadillac announced on Monday that Book will expand to pilot programs...

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Terrafugia sold to Geely, promises flying car by 2019

Zhejiang Geely, the Chinese holding company that controls the Volvo, Lynk & Co., Geely and Lotus brands, announced on Monday plans to fully acquire American flying car startup Terrafugia. Terrafugia, based in Boston, Massachusetts, became one of the first firms in the flying car space when it was founded in 2006 by a group of engineers at MIT. Geely...

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Did Tata just buy a $900M stake in Faraday Future?

Faraday Future may have just been thrown a life line in the form of a $900 million investment by Indian automaker Tata. Chinese automotive news aggregator Gasgoo claims media sources in China are reporting that the $900 million is for a 10 percent stake in Faraday Future, thus valuing the electric car startup at $9 billion. While it may seem like Tata is...

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The electric school bus of the future has arrived

If Daimler has its way, the wheels on the bus will go round and round via electric motors and battery packs in the very near future. Last Friday, Daimler subsidiary Thomas Built Buses revealed the all-electric Saf-T-Liner C2 "Jouley" school bus. The nickname "Jouley" comes from the word "Joule," which is a measurement of energy. The brand said the bus will...

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End of an era as Ferdinand Piëch finally cut ties with VW Group

Two years ago, Ferdinand Piëch, then chairman of the Volkswagen Group, resigned from his post following a public spat with Martin Wintekorn, who was the automaker's CEO at the time. The 80-year-old has now cut all ties with the VW Group by offloading his sizable stake in Porsche Automobil Holding (Porsche SE), the holding company founded in 1931...

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Elon Musk meets Turkish President to discuss SpaceX, Tesla

Elon Musk met with Turkish President Recep Tayyip Erdogan on Wednesday to discuss ways in which Tesla and SpaceX, both run by Musk, could aid Turkey in some ambitious projects the country is undertaking. Erdogan, who last year sought to punish a German comedian for making fun of him, met with Musk at a presidential palace complex in the capital Ankara...

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Service, not protectionism, is why American car brands suffer in Japan

It's something that has bothered numerous U.S. leaders for decades: Why do American automakers struggle to gain a foothold in the world's third-largest auto market, Japan? Recently, President Donald Trump opened up this conversation yet again on his 12-day-long Asia-Pacific trip. He referenced the massive trade deficit the U.S. holds with Japan, which...

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