Ram Trucks didn’t reveal any new vehicles at this year’s Detroit auto show, but the enthusiasm that brand CEO Mike Koval Jr. offered in an interview might make you think otherwise. Over the next six to eight months, the brand will be on a “precipice of something extraordinary,” Koval predicted during last week’s show. It… Continue reading Ram Trucks CEO: Our electric pickup will ‘push past’ competition
Category: Automotive
@Daimler: Mercedes-AMG Motorsport celebrates early GT World Challenge Europe drivers’ title win
Raffaele Marciello (SUI) has secured an early drivers’ title during the Fanatec GT World Challenge Europe Powered by AWS race weekend at Circuit Ricardo Tormo in Valencia. In the final Sprint Cup round of the series on Sunday, the Swiss finished in second place together with his fellow AKKODIS ASP Team driver Timur Boguslavskiy (FIA).… Continue reading @Daimler: Mercedes-AMG Motorsport celebrates early GT World Challenge Europe drivers’ title win
@Ford: Ford Previews Effect of Parts Shortages on Q3 Performance, Reaffirms Full-Year Adjusted EBIT Guidance of $11.5-$12.5B
Adjusted EBIT is a non-GAAP financial measure. Ford does not provide guidance on a net income basis, the comparable GAAP measure. Ford’s net income in 2022 will include potentially significant special items that have not yet occurred and are difficult to predict with reasonable certainty, including gains and losses on pension and OPEB remeasurements and… Continue reading @Ford: Ford Previews Effect of Parts Shortages on Q3 Performance, Reaffirms Full-Year Adjusted EBIT Guidance of $11.5-$12.5B
@GM: Chevrolet Refreshes SUV Portfolio in China with All-New Seeker
Chevrolet Refreshes SUV Portfolio in China with All-New Seeker 2022-09-19 CHANGSHA – Chevrolet today launched the all-new Seeker. The compact SUV joins the all-new Tracker RS small SUV, Equinox midsize SUV and Blazer mid-large SUV in the brand’s China lineup, giving it a refreshed portfolio across the segment. The all-new Seeker is available in five variants, including… Continue reading @GM: Chevrolet Refreshes SUV Portfolio in China with All-New Seeker
@GM: BrightDrop Breaks into Grocery Industry with eCart for Optimized Online Order Fulfillment and Pickup
BrightDrop Breaks into Grocery Industry with eCart for Optimized Online Order Fulfillment and Pickup Kroger is slated to be first customer of the BrightDrop Trace Grocery 2022-09-19 BrightDrop unveils the Trace Grocery, a new temperature-controlled eCart, designed to optimize fulfillment and curbside pickup for the $240 billion online grocery industry Trace Grocery is available to… Continue reading @GM: BrightDrop Breaks into Grocery Industry with eCart for Optimized Online Order Fulfillment and Pickup
German Handelsblatt: Automaker: What investors should know about the Porsche IPO005241
Porsche Center Dortmund The IPO is imminent. (Photo: Bloomberg) The largest IPO in Europe for more than ten years starts on Tuesday: Then investors can place their orders for shares in Porsche AG. The stock exchange prospectus required for this was published on Monday evening. With the IPO, the sports car manufacturer is to receive… Continue reading German Handelsblatt: Automaker: What investors should know about the Porsche IPO005241
German Handelsblatt: Volkswagen: Why investment professionals are critical of the Porsche IPO005240
Porsche logo Investment bankers are hoping that Porsche’s IPO will act as some sort of icebreaker. (Photo: Reuters) Despite the economic crisis, fears of inflation and market turbulence, the VW Group is serious about the largest German IPO in a quarter of a century. However, the response from investors is mixed. “With Porsche, one of… Continue reading German Handelsblatt: Volkswagen: Why investment professionals are critical of the Porsche IPO005240
Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O.
Volkswagen said late Sunday that it planned to sell shares in Porsche, the luxury sports car brand it owns, at a valuation of up to $75 billion, setting the stage for one of the biggest stock market debuts of the year. At that level, Porsche — maker of the 911 sports car and the Taycan… Continue reading Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O.
Why Ford will have to eat an extra $1B in supplier costs this quarter
Ford said Monday that supplier costs will be $1 billion higher in the third quarter than expected due to rising inflation and persistent supply chain problems. Ford also disclosed that supply shortages have caused a backlog of thousands of assembled, yet incomplete vehicles. Ford anticipates that between 40,000 and 45,000 unfinished vehicles — most of… Continue reading Why Ford will have to eat an extra $1B in supplier costs this quarter
Ford drivers could get alerts from nearby pedestrians’ phones
Ford is working on a mobile app designed to alert drivers to pedestrians and bicyclists nearby. The app, scheduled to debut at the Intelligent Transportation Society of America’s World Congress in Los Angeles this week, uses Bluetooth Low Energy to send a location alert from a pedestrian or cyclist’s smartphone to passing Ford vehicles equipped with… Continue reading Ford drivers could get alerts from nearby pedestrians’ phones