As Cadillac begins what could be its best-ever global sales year, the brand is also going to reclaim its historic role as General Motors Co.’s high-tech line. Powered by rapid growth in China, GM believes the brand is now a good place to debut new electric and even self-driving vehicles starting in the next decade,… Continue reading Cadillac Reprises Role as GM’s Chosen Brand for High-Tech Entrée
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Cadillac to Sell Over 200,000 Vehicles in China in 2018
January 15th, 2018, 3:54 PM UTC Johan de Nysschen, president of General Motors Co.’s Cadillac unit, discusses sales growth in China and plans to re-balance the luxury brand’s product portfolio. He speaks with Bloomberg’s David Westin at the North American International Auto Show in Detroit. (Source: Bloomberg)
Fiat Chrysler’s Marchionne: The Future of Cars Will Be Electric and Commoditized
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Fiat Chrysler’s Marchionne: The Future of Cars Will Be Electric and Commoditized
Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Ford Goes ‘All In’ on Electric Cars
Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market. The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during… Continue reading Ford Goes ‘All In’ on Electric Cars
VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Volkswagen AG, unveiling a version of the revamped Jetta sedan, said it’ll invest more than $3.3 billion in North America to help lift the brand out of irrelevance in the U.S. The spending through 2020 will mostly go toward new models, including two more planned sport utility vehicles designed to finally turn VW’s fortunes, after lingering at… Continue reading VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Ford Doubling Electric Vehicle Spending to $11 Billion by 2022
Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that still comprises a fraction of the auto market. The carmaker will shell out $11 billion by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. That’s up from the $4.5… Continue reading Ford Doubling Electric Vehicle Spending to $11 Billion by 2022
Ford Chairman Bill Ford on Doubling Electric Vehicle Spending to $11 Billion By 2022
09:30 John Leahy Airbus SE, COO:Customers 10:00 John Normand JPMorgan Chase Bank NA, Head of Cross-Asset Fundamental Strategy 10:00 John Studzinski The Blackstone Group, Vice Chair:IR & Bus Dev/Senior Mng Dir 11:00 Jonathan Loynes Capital Economics Ltd, Chief Economist 11:30 Helena Kennedy (UK)House of Lords, Politician / Govt Official 11:30 Helena Kennedy (UK)House of Lords,… Continue reading Ford Chairman Bill Ford on Doubling Electric Vehicle Spending to $11 Billion By 2022
Fiat CEO Sees Room to Double Profit by 2022
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne, one of the longest-serving bosses in the auto industry, said the company can double profit within five years by exploiting the potential of the Jeep brand. Sergio Marchionne Photographer: Chris Ratcliffe/Bloomberg With the offroad nameplate in position to grab as much as 20 percent of the… Continue reading Fiat CEO Sees Room to Double Profit by 2022
Ford Revives Ranger as Truck Sales Boom Beckons Return to U.S.
Big-truck king Ford Motor Co. has been missing out on soaring mid-size pickup sales. It’s now bringing its Ranger model back to make up for lost time. The American version of the Ranger debuting Sunday at the Detroit auto show and going on sale next year reverses course on Ford’s 2011 decision to depart what… Continue reading Ford Revives Ranger as Truck Sales Boom Beckons Return to U.S.