Ferrari is going all-electric … just not yet.The Italian automaker is set to launch its first plug-in hybrid next year.The lack of one hasn’t been an issue for the company’s current success, however.
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USMCA will lead automakers to choose US: Former Ford CEO
The U.S.-Mexico-Canada Agreement (USMCA) could lead to automakers deciding to move production to the United States.Under the USMCA’s rules of origin, 75 percent of auto content must be produced in North America for the finished car to be considered a North American product and therefore be subject to agreement’s tariff exemptions.Current NAFTA rules stipulate that only 50 percent of a car’s value is required to be produced in North America to be subject to the agreement’s free trade protections.
Ferrari CEO says brand’s first all-electric car coming after 2025
Ferrari CEO says brand’s first all-electric car coming after 2025 Fox Business | Dec 12, 2019 at 11:35 AM Ferrari will issue its first fully electric model after 2025, with battery technology still requiring more development.
Auto workers OK labor deal at Fiat Chrysler
New York (CNN Business)Auto workers at Fiat Chrysler have ratified a new four-year contract, closing the door on the possibility of another strike like the one that shut down rival General Motors for six weeks.Fiat Chrysler (FCAU) made far greater use of those relatively new hires and their lower pay scale than its rivals did, giving the company a competitive cost advantage over GM (GM) and Ford (F).The 40-day walkout at GM earlier this fall cost the automaker an estimated $2.9 billion, but despite inflicting those costs on GM the strikers did not convince the automaker to drop plans to close three US factories.
Porsche’s Electric Taycan Barely Clears the 200-Mile-Range Mark
Porsche has long been synonymous with the highest-performance cars money can buy. But its debut electric model is decidedly average in one very significant respect: range.
Toyota Names Japanese Successor to Longest-Serving America Chief
Toyota Motor Corp.’s longest-serving American head of its U.S. business is retiring and will be replaced by a Japanese executive who’s little known outside the company.
Tesla’s German plant to produce 500,000 cars a year: Bild
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany’s Bild newspaper reported on Wednesday.German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros in the plant.Construction will start in 2020, the newspaper reported.
Honda Cars India launches Any Time Warranty program for 10 years
Honda Cars India has launched the annual Any Time Warranty program that a customer can buy till 10 years of vehicle usage from the time of its initial purchase.The Any Time Warranty program will reduce the total ownership cost of the vehicle and also increase the resale value.The Any Time Warranty program provides coverage of one year or 20,000 km.
Noodling On How Much Revenue Self-Driving Cars Will Ultimately Generate
Noodling On How Much Revenue Self-Driving Cars Will Ultimately Generate Forbes | Dec 10, 2019 at 12:00 AM It’s handy to consider how much revenue self-driving cars will bring in.
Japan regulators recommend $22 million fine on Nissan
Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) over the under-reporting of compensation of its former chairman, Carlos Ghosn.Nissan Motor Co. said it accepted the penalty and had corrected its securities documents in May, although its final decision will come after it receives official notice.Nissan was charged earlier with under-reporting Ghosn’s compensation.