Sergio Marchionne once defined his mission at Fiat Chrysler Automobiles NV — a company formed via the unlikely union of two hobbled automotive also-rans — in almost biblical terms. “We need to be able to cross the desert,” the CEO told investors in 2016 as he looked at the technological revolution facing the industry. “We… Continue reading Leading Fiat Out of the Desert
Author: Bingborg Newsfeed
Total Unconvinced by Hydrogen Cars as France Unveils Subsidies
LISTEN TO ARTICLE SHARE THIS ARTICLE France’s biggest energy company expressed skepticism about the economics of hydrogen-powered vehicles as the government unveiled subsidies to promote the gas as way of cutting fossil-fuel consumption and fighting climate change. “We find it difficult to be convinced it has a future in 10 years time,” Total SA Chief… Continue reading Total Unconvinced by Hydrogen Cars as France Unveils Subsidies
Analysts and Deutsche Bank Shares Shrug Off Ratings Blow
LISTEN TO ARTICLE SHARE THIS ARTICLE While Deutsche Bank AG’s staff are apparently sick of bad news surrounding the German lender, most analysts were more upbeat on Friday, despite the fresh blow of a credit-ratings downgrade by S&P Global. The bank’s shares rose as much as 4.2 percent, the most in more than five weeks,… Continue reading Analysts and Deutsche Bank Shares Shrug Off Ratings Blow
Maserati’s Plans to Speed Past Tesla
LISTEN TO ARTICLE SHARE THIS ARTICLE Maserati isn’t even trying to hide its ambitions — it’s out to get Tesla. Its weapon of choice: the full-electric Alfieri sportscar, with a top speed exceeding 186 miles per hour (about 300 km/h) and an acceleration from zero to 62 mph in less than two seconds. By comparison,… Continue reading Maserati’s Plans to Speed Past Tesla
Europe’s Rising Car Emissions Box BMW, Daimler Into Tight Corner
LISTEN TO ARTICLE SHARE THIS ARTICLE European plans to tackle vehicle emissions that cause climate change are at risk of coming undone, sending manufacturers like Daimler AG back to the drawing board to avoid potential fines. A series of events over the past weeks have highlighted the region’s struggle to contain greenhouse gases and air… Continue reading Europe’s Rising Car Emissions Box BMW, Daimler Into Tight Corner
Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62000
Updates with analyst comment in seventh paragraph. Go to Source
Simba in talks with four major car makers about assembly in Kenya
Nairobi — Simba Corporation, a closely held Kenyan company, is in talks with four vehicle makers, including France’s Renault, about assembling their vehicles in East Africa’s biggest economy. The manufacturers are looking to tap demand in an industry that’s expected to grow 15% this year, CEO Adil Popat said in an interview in the capital,… Continue reading Simba in talks with four major car makers about assembly in Kenya
Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars
LISTEN TO ARTICLE SHARE THIS ARTICLE Bittrex Inc., a Seattle-based cryptocurrency exchange that lets users swap nearly 200 different digital coins, said it forged banking agreements that will allow some customers to trade in U.S. dollars. The closely held firm said the pact will let corporate clients in some states buy virtual tokens using dollars… Continue reading Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars
Simba of Kenya Says Renault Considering Local Auto Assembly
Updates with ministry’s comment from first paragraph below New Policy subheadline. Go to Source
Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000
LISTEN TO ARTICLE SHARE THIS ARTICLE Frank Ursomarso thinks the Trump administration is merely jawboning by floating potential tariffs of as much as 25 percent on imported autos. If the longtime dealer is wrong, he expects to be selling fewer cars. Take some of the cheaper sedans Ursomarso sells at Union Park BMW in Wilmington,… Continue reading Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000