SEOUL (Reuters) – General Motors’ (GM.N) South Korean union said on Thursday that it will not demand a pay rise for this year, but instead wants the U.S. automaker to provide a future production plan and job security. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February… Continue reading GM’s S.Korean union says will not demand pay rise; calls for job security
Category: Automotive
INTERVIEW – Sarah-Jane Williams, Ford’s Director, Smart Mobility (Europe)
Opportunities ahead with Smart Mobility initiatives in Europe for Sarah-Jayne Williams In September of last year, Sarah-Jayne Williams joined Ford as its first director for ‘Smart Mobility’ in Europe. Her job is to focus on future mobility solutions for Europe and to define and implement Ford of Europe’s Smart Mobility strategy. Dave Leggett recently caught… Continue reading INTERVIEW – Sarah-Jane Williams, Ford’s Director, Smart Mobility (Europe)
Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
The Audi Group increased its revenue and earnings under difficult conditions in 2017. For the first time, revenue surpassed the mark of €60 billion, thus more than doubling over the past eight years. With an operating profit of €5.1 billion before special items, the corresponding operating return on sales of 8.4 percent is within the… Continue reading Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
Ducati Group: Growing sales, turnover and results
Ducati closes 2017 with convincing results, prolonging the trend of constant growth that has characterised the Bologna-based motorcycle manufacturer’s last eight years. 55,871 motorcycles were delivered to customers all over the world (+0.8% vs. 2016), despite the global market for motorcycles bigger than 500 cc actually shrinking by 3.5%. By the end of 2017 turnover… Continue reading Ducati Group: Growing sales, turnover and results
Automobili Lamborghini crosses billion Euro turnover threshold
Worldwide sales grow for seventh consecutive year to 3,815 units Turnover increases by 11% to 1,009 Mio. Euro, the best ever Sustained, profitable growth path evidenced Super SUV Urus, presented in December 2017, doubles production capacity and creates new jobs Company maintains optimistic corporate outlook Sant’Agata Bolognese, 15 March 2018 – In Fiscal Year 2017… Continue reading Automobili Lamborghini crosses billion Euro turnover threshold
Press Releases – Passenger car registrations: +5.8% first two months of 2018; +4.3% in February
Brussels, 15 March 2018 – In February 2018 the EU passenger car market grew by 4.3%, with new registrations totalling 1,125,397. In volume terms, last month saw the best February results since 2008. In February 2018 the EU passenger car market grew by 4.3%, with new registrations totalling 1,125,397. In volume terms, last month saw… Continue reading Press Releases – Passenger car registrations: +5.8% first two months of 2018; +4.3% in February
Analyst: F-Series one reason to bet on Ford
Ford’s F-150 franchise might be worth more than the entire company, Adam Jonas said. (Photo: Ford) Ford Motor Co.’s F-150 franchise might be worth more than the entire company, according to Morgan Stanley equity analyst Adam Jonas. That’s one reason the Wall Street analyst on Wednesday raised his price target for the company from $10… Continue reading Analyst: F-Series one reason to bet on Ford
Mazda, ELIIY Power and Ube Industries Agree to Jointly Develop 12-Volt Lithium-ion Starter Batteries for Vehicles
2018/03/15 Products and Technology Developing Safe, Durable Lithium-ion Batteries to Replace Lead-Acid Batteries HIROSHIMA, Japan-Mazda Motor Corporation, ELIIY Power Co., Ltd. and Ube Industries, Ltd. have agreed to jointly develop lithium-ion batteries for use in automobiles. The three companies will work together to develop durable, heat- and impact-resistant 12-Volt lithium-ion batteries as a viable replacement… Continue reading Mazda, ELIIY Power and Ube Industries Agree to Jointly Develop 12-Volt Lithium-ion Starter Batteries for Vehicles
Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Please click HERE for a PDF version of the release. Magna and Lyft will fund and develop self-driving systems Co-developed self-driving systems can be deployed on the Lyft network as well as for the entire automotive industry The partnership will benefit from data generated by the 5+ billion miles traveled per year on the Lyft… Continue reading Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Tesla says Model S, Model X production efficiency much improved
(Reuters) – Tesla Inc said the number of labor hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets. The body of a Tesla Model S is transported by an automated crane at the… Continue reading Tesla says Model S, Model X production efficiency much improved