Scouring and Zetsche 5000 Euro order money per vehicle? (Photo: AP) HamburgFür Daimler it comes in the diesel scandal possibly schlüppeldick: Should be true that the car company similar to competitors Volkswagen has cheated on exhaust emissions, threatens the Stuttgartern according to a magazine report, a fine of almost four billion euros. Der Spiegel reported… Continue reading Flue gas scandal: Transport Minister Scheuer threatens Daimler with fines of nearly four billion euros
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Canada auto sales fall marginally in May
(Reuters) – Canada’s auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants. In contrast, light truck… Continue reading Canada auto sales fall marginally in May
FCA in talks with Santander Consumer USA over car financing JV
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV
May 2018 U.S. LV Sales Thread: Industry to Hit 16.8 Million SAAR
MAY 2018 US LV SALES FORECAST v REPORTED UNITS Forecast LV Sales 1.56 million Actual LV Sales 1.58 million Forecast LV SAAR 16.6 million Actual LV SAAR 16.8 million Wards Intelligence tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the change in daily sales rate (DSR). May had 26 …… Continue reading May 2018 U.S. LV Sales Thread: Industry to Hit 16.8 Million SAAR
California will allow autonomous cars to pick up passengers
Getty Images California is launching two pilot programs that will allow autonomous vehicles to pick up passengers in the state, the San Francisco Examiner reports. One will let companies pick up passengers with their self-driving cars as long as a safety driver is behind the wheel. The other will allow for passenger pickup without a… Continue reading California will allow autonomous cars to pick up passengers
Leading Fiat Out of the Desert
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
Umicore picks Poland for battery materials plant
SKODA AUTO DigiLab collaborates with Israeli start-ups
ŠKODA AUTO DigiLab Israel Ltd is ŠKODA AUTO’s scout looking for start-ups in Tel Aviv to collaborate on future shared business ideas. At the end of 2017, ŠKODA AUTO founded the joint venture together with the Israeli importer Champion Motors. At the beginning of 2018, the team at ŠKODA AUTO DigiLab Israel Ltd started work… Continue reading SKODA AUTO DigiLab collaborates with Israeli start-ups
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
Fiat Chrysler aims to double profits, pay dividends in new plan
BALOCCO, Italy (Reuters) – Fiat Chrysler expects to at least double adjusted operating profits and return to an investment grade rating and dividends under a new plan to 2022, helped by strong growth from its Jeep SUV brand and an expansions of its premium product portfolio. FILE PHOTO: Fiat Chrysler Automobiles’ (FCA) U.S. headquarters is… Continue reading Fiat Chrysler aims to double profits, pay dividends in new plan