Tag Archives: Industry

Lotus shocks, heads toward profitability as fiscal year closes

Lotus has pulled a money-laden rabbit from its top hat. With the results of its 2016/2017 fiscal year, Lotus Group International Limited's operations are heading toward profitability. At the close of the fiscal year, Lotus posted a positive earnings before interest, tax, depreciation, and...

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Genesis brand to get its own separate dealerships

Genesis is to working hard to distinguish itself as the luxury arm of automaker Hyundai. Initially, it was conceived as a top-tier luxury model under the Hyundai name, but now it's spun off to become a sub-brand. Genesis is looking to further distance itself from the Hyundai equation, and to do...

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German firm plans Tesla Gigafactory-rivaling battery plant

The race to capitalize on the growing need for electric car batteries is well and truly underway. Although Tesla has an early start with its massive 35-gigawatt-hour Gigafactory, a German firm has announced plans for its own battery plant to rival Tesla's operation. A consortium known as Terra E...

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Ford thinks Lynk & Co sounds too much like Lincoln

Lynk & Co is a new automotive brand from Chinese firm Geely which also has its own Geely brand as well as Volvo and Lotus in its portfolio. At the moment, Lynk & Co is working on developing small SUVs and sedans before moving on to other models. There's already a problem, though, as the...

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Mazda and Toyota join on electric cars, US plant

Mazda and Toyota agreed on Friday to collaborate on a wide range of areas including development of electric and connected car technologies, as well as production facilities. Crucially, the two will also form a shared capital structure, continuing the trend of consolidation among the major...

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Mercedes outlines 3-pronged approach to self-driving cars

The race for the autonomous car is on, and how it will shake out is anyone's guess. The future could see fleets of automated taxis, people could subscribe to car companies and use an app to call up their autonomous pods, or buyers could choose to drive on their own, then flip a switch and let the...

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