Tag Archives: Industry

FCA looks to retool Italian plans for upscale models

Fiat Chrysler Automobiles CEO Sergio Marchionne is set to unveil a company wide-strategy on June 1, his last such strategy announcement before his retirement next year. According to a report the strategy will outline a major restructuring of FCA's Italian plants to focus on upscale cars. Citing sources familiar with the plan, Bloomberg on Friday reported...

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Compact EV will be first Mercedes sourced from France

Mercedes-Benz on Friday announced plans to add production of a compact electric car at its plant in Hambach, France. The plant is the home of the Smart brand and has more than a decade of experience building electric cars, specifically Smart's EQ ForTwo and EQ ForFour (previously Electric Drive). The new model will be branded a Mercedes, marking the first...

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Thousands of more Tesla Supercharger stations coming

In the coming days, we should have an updated map showing exactly where "thousands" of new Tesla Supercharger stations will pop up in the near future, per Tesla CEO Elon Musk. Musk responded to a vehicle owner via Twitter on Wednesday and said the "thousands" of new stations are currently under construction or remain in a permitting stage. The added...

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Fired from Ford, father of GT supercar now president of company building it

The main person behind the modern Ford GT is now one of the people in charge at the company that builds the supercar. Raj Nair, former president of Ford North America, is now president of Canada's Multimatic Motorsports, Road & Track reported Friday. Nair was pushed out of his role at Ford following an investigation into "inappropriate behavior," and...

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Heading abroad: Tesla takes steps to form Chinese operations

Following news China will scrap limited ownership rules for foreign automakers by 2022, Tesla has taken the first steps to form its independent Chinese operation. The Wall Street Journal (subscription required) reported Monday that Tesla has filed to set up a Shanghai division as the sole owner called Tesla Shanghai Co. Ltd. Under China's newly announced...

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Volvo ditches diesel

Volvo on Wednesday announced that from 2019 it will no longer launch cars fitted with diesel engines. It follows the automaker's announcement last July that every car it launches from 2019 will feature some form of electrification, whether it be mild hybrid, plug-in hybrid or pure electric power. Volvo's first new model without a diesel option will be the...

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Bugatti designer Tobias Sühlmann to style future Aston Martins

Aston Martin is strengthening its design team as it prepares to more than double its lineup in the coming years. The automaker confirmed Friday the appointment of Volkswagen Group veteran designer Tobias Sühlmann as its new head of exterior design. He replaces Miles Nurnberger who has been promoted to the role of design director, with both reporting to...

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Show-off blow off: Audi joins other luxury makes to skip 2019 Detroit auto show

Following similar announcements from Mercedes-Benz and BMW, Audi announced on Thursday that it will join the rival makes and no longer attend the Detroit auto show. It's the most recent in a series of blows to what many believe is North America's premier auto show. In a statement to Automotive News Europe (subscription required), an Audi official said, "We...

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Report: Geely selects banks to advise on Volvo IPO

Volvo could be the next major automaker to go public. The Swedish automaker's parent company Zhejiang Geely has selected investment banks Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public offering, Bloomberg reported on Thursday citing people familiar with the matter. Geely is said to be looking at a value of between $16 billion and...

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Drive.ai self-driving car service launching in Texas

Citizens of Frisco, Texas, the self-driving cars have arrived. Drive.ai plans to launch a self-driving car ride-hailing service in the Dallas suburb this July in a limited geo-fenced area. The company follows Waymo's announcement that it will operate a self-driving taxi service in a 100 square-mile area of Phoneix, Arizona. Drive.ai said in its Monday...

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