Powerful cash injection for US high-carat startup: VW’s self-driving partner Aurora sank 90 million

All articles and backgrounds 03/02/2018 Powerful cash injection for US high-car startup VW’s self-driving partner Aurora sank $ 90 million DPA Aurora co-founder Chris Urmson receives $ 90 million from investors for his robotic car startup Just a year old and already a heavyweight in the field of autonomous driving: This lightning start has the… Continue reading Powerful cash injection for US high-carat startup: VW’s self-driving partner Aurora sank 90 million

Jaguar reveals first all-electric SUV

Jaguar has revealed the production version of its first all-electric SUV as luxury carmakers race to go green. The I-Pace can reach 60mph in 4.5 seconds and has a range of almost 300 miles on a fully charged battery. The vehicle is set to reach showrooms by July, potentially beating rival Audi’s all-electric e-tron that… Continue reading Jaguar reveals first all-electric SUV

Dyson creates 300 new electric car jobs

Dyson is seeking an extra 300 engineers in a push to build its first electric car by 2020. Best known for its vacuum cleaners and hand dryers, the firm caused a stir when it announced plans for a battery powered vehicle. Dyson already has a 400-strong team working on the project and has doubled the… Continue reading Dyson creates 300 new electric car jobs

February 2018 U.S. LV Sales Thread: Industry Hit 17.0 Million SAAR

FEBRUARY 2018 US LV SALES   FORECAST v REPORTED UNITS WardsAuto Forecast LV Sales 1.30 million February Actual LV Sales 1.29 million WardsAuto Forecast LV SAAR        17.0 million February Actual LV SAAR    17.0 million WardsAuto tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the … Premium Content (PAID Subscription Required) “February 2018 U.S. LV… Continue reading February 2018 U.S. LV Sales Thread: Industry Hit 17.0 Million SAAR

How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler

SHANGHAI/BEIJING (Reuters) – When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets – and German regulators – by surprise. Although the move seemed sudden, the head of the Chinese carmaker Geely had, according to multiple sources and documents reviewed by Reuters, spent months stealthily… Continue reading How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler

Diesel future at Daimler, VW, Volvo, BMW: Who abolishes the diesel – and who keeps his loyalty

All articles and backgrounds 03/01/2018 Diesel future at Daimler, VW, Volvo, BMW How the automakers stand on the diesel future DPA Diesel fuel pump at a gas station For one thing is clear: Matthias Wissmann is still rock solid for diesel. Even after the judgment of the Leipzig Federal Constitutional Court, the driving bans for… Continue reading Diesel future at Daimler, VW, Volvo, BMW: Who abolishes the diesel – and who keeps his loyalty

Harley-Davidson and Alta Motors to co-develop electric motorcycles

Motorcycle giant Harley-Davidson is now a stakeholder in Alta Motors, the electric motorcycle and light vehicle EV drivetrain maker based in Brisbane, California. Harley-Davidson and Alta made the investment public today, and also announced that Alta Motors will collaborate with the legendary motorbike maker on building future electric motorcycles as part of the deal. This… Continue reading Harley-Davidson and Alta Motors to co-develop electric motorcycles

Michael Lohschneller: Opel boss explains his savings plan – “It can not go on like this”

RüsselsheimThe goal that PSA has spent on the German brand is clear: By 2020 at the latest Opel make a profit again. The French do not want to reveal how high the losses of the German brand were in the past financial year. “We have no figures on a full-year basis,” said PSA CFO Jean-Baptiste… Continue reading Michael Lohschneller: Opel boss explains his savings plan – “It can not go on like this”

Daimler takes back 100% of Car2Go

The Daimler Group has reached an agreement with Europcar to take over the shares held by the renter in the car-sharing service, Car2Go. Last step before the possibility of finalizing the project with BMW. The time of the merger between Car2Go and DriveNow car sharing services is getting closer. On March 1, 2018, Daimler announced… Continue reading Daimler takes back 100% of Car2Go