Tag Archives: Industry

Major classic car dealer and restorer JD Classics hits financial troubles

Classic car sales have been on a tear for the past decade but that hasn't insulated one of the biggest names in the business from becoming insolvent. British firm JD Classics, a dealer of classic cars but also an expert restorer and organizer of classic racing events, entered administration on Friday, a process similar to bankruptcy protection here in the...

Read More »

Vietnam’s Vinfast launches with a pair of rebodied BMWs

Vietnam is getting into the vehicle manufacturing business with its own brand. Called Vinfast, the first two products from the newly established car company have been confirmed as a mid-size sedan and SUV. They will be presented to the public for the first time during October's 2018 Paris auto show. But rather than develop its own models, Vinfast has chosen...

Read More »

Vietnam’s Vinfast launches with a pair of rebodied BMWs

Vietnam is getting into the vehicle manufacturing business with its own brand. Called Vinfast, the first two products from the newly established car company have been confirmed as a mid-size sedan and SUV. They will be presented to the public for the first time during October's 2018 Paris auto show. But rather than develop its own models, Vinfast has chosen...

Read More »

Volvo IPO put on hold due to trade war concerns

A plan to turn Volvo Cars into a publicly traded company by the end of the year has been put on hold due to concerns the stock price could be hurt by the escalating trade war primarily between the United States and China but also between the U.S. and Europe, the Financial Times reported Sunday. “It's important to know that we have headroom, so...

Read More »

Ford rules out building Focus Active in US

Ford in April made the shock announcement that by 2020 the only passenger cars in its lineup will be the Mustang and the Focus Active soft-roader based on the recently redesigned fourth-generation Focus. Ford planned to import the Focus Active from a plant in China but the 25-percent tariff introduced by the United States in July on vehicles imported from...

Read More »

GM trademarks DriveScription, potential name for subscription service

General Motors may be preparing to dive further into the car-subscription segment. The automaker filed to trademark the DriveScription name with the United States Patent and Trademark Office on August 27. GM Authority first discovered the trademark filing on Tuesday, which was filed to the goods and services categories of automotive subscription services...

Read More »

Ford has already ended national advertising for all cars bar the Mustang

Ahead of Ford sending its passenger cars out to pasture, the automaker has ended national advertising for the Ford Taurus, Fusion, Focus, and Fiesta models. Automotive News (subscription required) reported Wednesday that Tier 1 (national) marketing efforts for the models has finished. Mark LaNeve, Ford's vice president of U.S. marketing, sales, and service...

Read More »

Geely and Toyota in talks over hybrid tech

Toyota and Geely are in talks over possible cooperation in the area of hybrid technology, the automakers confirmed Thursday to Reuters. The confirmation comes after media reports in China claimed the two were already working together on hybrid tech and were due to make an announcement soon. Partnering with Toyota, a leader in hybrid technology due to...

Read More »

Ex-Rolls-Royce design boss to pen models for Chinese luxury brand Hongqi

Chinese automaker FAW Group is in the process of reviving historic brand Hongqi as China's premiere automotive label and hired the former design chief of Rolls-Royce to pen the new models. FAW announced Friday that Giles Taylor, who led the design team at Rolls-Royce from 2012 to June of this year, will serve as its new Global Vice President of Design and...

Read More »

Walmart plans to purchase 30 more Tesla Semis

After placing an order for 15 Tesla Semis, Walmart is keen to buy even more. The discount retailer plans to purchase 30 additional electric semi-trucks from the Silicon Valley automaker. Reuters reported Thursday that the 30 additional Tesla Semi trucks would operate in Canada and join 10 trucks for which it's already placed an order. The other five Semis...

Read More »