Tag Archives: Industry

Ford fitting line workers with bionics to help build cars

Ford is channeling the $6 Million Man for its latest technological achievement. After partnering with Ekso Bionics, Ford now offers the EksoVest for employees to reduce worker fatigue and lessen the chance of injury on the job. The EksoVest is an exoskeleton that provides lift assistance from 5 to 15 pounds per arm. Workers suit up and immediately receive a...

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Nissan sells EV battery business

Nissan confirmed Friday that its electric car battery manufacturing division will be sold to Envision Group, a Chinese energy company specializing in renewables and energy management systems. The confirmation comes following the cancellation of an earlier deal to sell the division to another firm. Nissan's battery manufacturing division includes the...

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After sports car, Gordon Murray’s car company will develop sedans and trucks

Gordon Murray will perhaps forever be known as the designing force behind the McLaren F1. But, he's even more thrilled to be working on a new sports car with F1 inspiration. Following the sports car, we now know Murray's car company, Gordon Murray Automotive (GMA), plans for a variety of cars and they include sedans and even trucks. Murray told Evo in an...

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$4.5M classic car fraud scheme shut down by FBI

As classic cars become more than just aspirational items and more investment pieces, buyers should always stay vigilant. Today, it's easy for criminals to scam would-be buyers out of a sale with a little creativity and the Internet. Many enthusiasts found that out the hard way over the past two years. The FBI and the United States Attorney for the Southern...

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New Ferrari CEO says Marchionne’s targets were “aspirational”

Ferrari shares dropped 11 percent on Wednesday after new CEO Louis Camilleri told analysts in a conference call that profit targets previously announced by his predecessor Sergio Marchionne were "aspirational." Nevertheless, Camilleri will still attempt to reach the targets, which call for an increase in total sales to more than 10,000 units and a doubling...

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How Cosworth uses race data to develop self-driving tech

Cosworth isn't best known for its self-driving car technology, but that could very well change one day. The legendary maker of Formula 1 and other high-performance engines plans to expand into the self-driving car arena, and it's using race data to expedite its offerings. Company CEO Hal Reisiger told Automotive News (subscription required) in an interview...

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Ferrari improves painting process

Always looking for ways to improve its production process, Ferrari has a new paint that reduces energy consumption at its plant and improves the resistance of the painted surfaces. The paint has been developed in collaboration with supplier PPG and offers several benefits. It incorporates a specially formulated clear coat that makes it possible for a car to...

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BMW drops price of car subscription in battle with rivals

Car subscriptions are uncharted territory for major automakers, especially as it remains unclear how much partakers will be willing to spend for the ability to swap in and out of cars nearly seamlessly. BMW is the first to realize it perhaps asked a bit too much. The German brand has slashed the monthly price of its Access by BMW subscription from $3,700 to...

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FCA didn’t have prior knowledge of Marchionne’s illness

Sergio Marchionne's resignation from the top post at Fiat Chrysler Automobiles on July 21 due to health reasons and his subsequent death four days later came as a shock to many, including close employees at the automaker he ran. This is despite Marchionne having had received treatment from University Hospital Zurich for more than a year, which the Swiss...

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Genesis overtakes Porsche in 2018 JD Power APEAL study

Following a one-two-three finish from Genesis, Hyundai, and Kia in the 2018 J.D. Power Initial Quality Study, Genesis has struck again. The Korean luxury brand was measured as the highest-ranked in the 2018 J.D. Power APEAL (Automotive Performance, Execution and Layout) Study, throwing Porsche from the top spot. Genesis ranked highest with 884 points out of...

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