China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co., will buy Beijing Electric… Continue reading China’s Biggest Electric-Car Maker to List in $4.5 Billion Deal
Author: Bingborg Newsfeed
BMW Alums’ China Electric-Car Maker Seeks $400 Million
Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to potential investors to… Continue reading BMW Alums’ China Electric-Car Maker Seeks $400 Million
BMW Ranks First, Subaru Rated Worst in Survey by Climate Lobby
As automakers pour billions of dollars into preparing for electric vehicles and stricter emission controls, among other changes in the industry, an environmental lobby has handed out progress reports. The Carbon Disclosure Project ranked responses from 16 manufacturers on three main issues: Progress towards meeting emissions standards Strategies on using self-driving technology and renewable energies Management incentives… Continue reading BMW Ranks First, Subaru Rated Worst in Survey by Climate Lobby
Mazda Says Improved Gasoline Cars Cut Need for Electric Vehicles
Mazda Motor Corp., running counter to the industry’s shift toward electric vehicles, says rapid improvements in conventional-engine technology mean non-gasoline cars won’t be needed on a mass scale to solve pollution woes. The automaker says electric cars may be more polluting than vehicles with internal combustion engines if the electric power isn’t from a clean… Continue reading Mazda Says Improved Gasoline Cars Cut Need for Electric Vehicles
Ghosn Hints He May Leave CEO Role at French Carmaker Renault
Carlos Ghosn opened the door to stepping down as chief executive officer of Renault SA, as the longtime car-industry boss focuses on the Franco-Japanese alliance he built with Nissan Motor Co. and Mitsubishi Motors Corp. Ghosn, who handed over the CEO reins at Nissan last year, retains leadership posts at all three manufacturers while heading… Continue reading Ghosn Hints He May Leave CEO Role at French Carmaker Renault
Ford Is Cutting Costs To Invest In Future Technologies: Tynan
European Car Sales Rise to 10-Year High on Peugeot, Renault SUVs
European car sales reached a 10-year high last year as widening economic growth boosted consumer confidence, with SUVs from French manufacturers Peugeot and Renault, Italian competitor Alfa Romeo and Japanese rival Toyota propelling demand. Registrations in 2017 increased 3.3 percent to 15.6 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said Wednesday in… Continue reading European Car Sales Rise to 10-Year High on Peugeot, Renault SUVs
Ford Cutting Loose From Cars After Years of Missing Margin Goal
Ford Motor Co., the more than century-old company that was first to make cars for the masses, is calling off its pursuit of everyman sedan buyers. The company responsible for putting the world on wheels with Henry Ford’s then-innovative assembly line will pivot away from being a full-line automaker, shrinking its passenger-car lineup and shifting… Continue reading Ford Cutting Loose From Cars After Years of Missing Margin Goal
Car Bosses Give Lukewarm Endorsements to Their Own Electric Lineups
Global automakers, rarely shy about marketing themselves with glitz and confidence, are noticeably more sober about how customers may react to their own upcoming electric vehicle lineups. Big-truck king Ford Motor Co., for example, said at this week’s Detroit auto show that it’s more than doubling electric-car spending to $11 billion — and in the… Continue reading Car Bosses Give Lukewarm Endorsements to Their Own Electric Lineups
Ferrari Has Plans to Make an Electric Supercar
Ferrari NV will make a battery-powered supercar to challenge Tesla Inc. at the high end of the electric-auto market, Chief Executive Officer Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles NV, has been expanding its lineup to lift sales without losing the exclusivity of a brand associated with Italian design and… Continue reading Ferrari Has Plans to Make an Electric Supercar