Tag Archives: Industry

Dieter Zetsche to pass Daimler leadership role to Ola Källenius in 2019

A high-level executive shuffle is underway at German auto giant Daimler, parent of the Mercedes-Benz and Smart brands. Daimler confirmed Wednesday that longtime CEO Dieter Zetsche will pass the reins to current sales chief Ola Källenius in 2019. Källenius will also be responsible for the leadership role at Mercedes. Zetsche won't be leaving the...

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BMW names new chief for M division

After four years on the job, current BMW M boss Frank van Meel will exit the role. BMW has appointed van Meel, formerly of Audi Quattro GmbH (Audi Sport), to chief of total vehicle development. Replacing van Meel will be Markus Flasch, chief engineer for the new 8-Series. Evo reported on the executive shuffle on Friday and said the shift from van Meel to...

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Porsche is done with diesels–this time for real

Porsche wasn't able to avoid the recent diesel emissions scandal that afflicted a number of Volkswagen Group brands, with a diesel version of its popular Cayenne SUV among the vehicles fitted with emissions cheating software. With regulators now tightening emissions standards and placing extra scrutiny on diesel emissions in particular, Porsche has decided...

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BMW and Daimler’s joint mobility business will be based in Berlin

Daimler and BMW Group announced in March that the two rivals would join forces and combine their various mobility services under one equally owned joint venture. The two German auto giants have since confirmed that the mobility joint venture will be headquartered in Berlin. The company, which hasn't been given an official title, will see various mobility...

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Audi launches car subscription service in Dallas

Three years after launching its Audi On Demand short rental service, the German premium brand has waded into the full-blown car subscription segment with Audi Select. Audi announced Thursday that the new Audi Select car subscription service will launch in Dallas, Texas, starting with a flat subscription fee of $1,395 per month. Unlike Audi On Demand, which...

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Electric self-driving semi concept previews Ford’s long-haul vision

Ford isn't exactly known for semitrucks around the world, but that may soon change. At the IAA Commercial Vehicle Show in Germany on Thursday, Ford showed off its F-Vision Future Truck concept. Ford Otosan, based in Turkey and the automaker's largest commercial vehicle production base, debuted the F-Vision as an electric tractor with Level 4 self-driving...

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Audi launches car subscription service in Dallas

Three years after launching its Audi On Demand short rental service, the German premium brand has waded into the full-blown car subscription segment with Audi Select. Audi announced Thursday that the new Audi Select car subscription service will launch in Dallas, Texas, starting with a flat subscription fee of $1,395 per month. Unlike Audi On Demand, which...

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Electric self-driving semi concept previews Ford’s long-haul vision

Ford isn't exactly known for semitrucks around the world, but that may soon change. At the IAA Commercial Vehicle Show in Germany on Thursday, Ford showed off its F-Vision Future Truck concept. Ford Otosan, based in Turkey and the automaker's largest commercial vehicle production base, debuted the F-Vision as an electric tractor with Level 4 self-driving...

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Aston Martin could be valued up to $6.7B in IPO

Talk of Aston Martin going public by way of an initial public offering (IPO) dates back as far as the brand's 2008 sale by Ford to a consortium led by Prodrive founder David Richards. Aston Martin finally made it official in August with the announcement of its intention to float on the London Stock Exchange, and since then the company has established...

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Classic car restorer and dealer JD Classics sold to new owner

JD Classics can breathe a sigh of relief as it's been sold to a new owner. AM Online reported Tuesday that the major classic car restorer and dealer found a buyer in Woodham Mortimer, a company controlled by HPS Investment Partners LLC. Woodham Mortimer's purchase of JD Classics secured 60 jobs at the company's headquarters in Maldon, England, and the sale...

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