HOUSTON, March 19, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced that first quarter earnings will be negatively affected by weak market conditions, including pressure on used car margins, as well as costs associated with a series of long-term, strategic investments designed… Continue reading Group 1 Announces Market Conditions and Costs Associated with Strategic Initiatives Will Negatively Impact First Quarter Results
Category: Automotive
Desktop Metal close new financing round with Ford
Desktop Metal, a 3D printer manufacturer, has received $65 Million in a new funding round led by Ford. The latest financing round follows a successful 2017 for the Burlington Massachusetts based company and brings total funding to $277 Million. In June 2017 the closure of a series D finance round brought unicorn status to the… Continue reading Desktop Metal close new financing round with Ford
Electric Vehicles Are the Future, but Their Batteries Are Stuck in the Past
Electric vehicles, many believe, will save the planet, and the humans that live on it. But that only if making them doesn’t decimate it (and us) first. How’s a car owner to choose? Most traditional cars run on lead-acid batteries. Lead-acid batteries are fairly cheap, perform well in cold temperatures, and don’t put drivers at risk… Continue reading Electric Vehicles Are the Future, but Their Batteries Are Stuck in the Past
UPDATE 2-VW to invest $340 mln in Tennessee to build new SUV
WASHINGTON (Reuters) – Volkswagen AG (VOWG_p.DE) announced on Monday that it plans to invest $340 million to build a new sport utility vehicle at its Chattanooga, Tennessee, plant in the United States as demand surges for larger vehicles. FILE PHOTO – The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell It… Continue reading UPDATE 2-VW to invest $340 mln in Tennessee to build new SUV
Can you 3D-print a car? This company in China will mass print cars by 2019 for US$10000 each
X Electrical Vehicle, from Italy, says it is edging closer to mass production in China of its low-speed 3D-printed cars, which could now be hitting the streets by the second quarter of 2019. Guo Xiaozheng, a senior designer at the firm also known as XEV, said the electric car – expected to sell at 60,000… Continue reading Can you 3D-print a car? This company in China will mass print cars by 2019 for US$10000 each
Adaptation to new fuel consumption and emissions tests: BMW takes 7th in Europe for year from the offer
All articles and backgrounds 03/19/2018 Adaptation to new fuel consumption and exhaust emissions tests BMW takes 7 Series in Europe for a year from the offer BMW 7 Series: BMW wants to suspend the production of its flagship in the gasoline version in Europe but also the other models temporarily In view of future new… Continue reading Adaptation to new fuel consumption and emissions tests: BMW takes 7th in Europe for year from the offer
VW to build new SUV at Chattanooga plant
Share This Story! Let friends in your social network know what you are reading about VW to build new SUV at Chattanooga plant The German automaker will invest $340 million to bring the vehicle to market Post to Facebook Sent! A link has been sent to your friend’s email address. Posted! A link has been… Continue reading VW to build new SUV at Chattanooga plant
NHTSA probes 4 deaths in Hyundai-Kia cars when air bags failed
Detroit Free Press Published 11:29 a.m. ET March 17, 2018 Air bag light (Photo: deepblue4you, Getty Images/iStockphoto) Air bags in some Hyundai and Kia cars failed to inflate in crashes and four people are dead. Now the U.S. government’s road safety agency wants to know why. The National Highway Traffic Safety Administration says it’s investigating… Continue reading NHTSA probes 4 deaths in Hyundai-Kia cars when air bags failed
A self-driving Uber just struck and killed a woman — here’s a look at how its autonomous cars work
In response to Monday’s accident, Uber suspended tests of its self-driving cars. Uber On Monday, a self-driving vehicle operated by Uber hit and killed a woman in Tempe, Arizona. While proponents of self-driving technology say autonomous cars will be much safer than those driven by humans, they’ll have to prove accidents involving self-driving cars are… Continue reading A self-driving Uber just struck and killed a woman — here’s a look at how its autonomous cars work
Ford Appoints Kiersten Robinson as Chief Human Resources Officer
Robinson, a 23-year Ford employee, elected to serve as chief human resources officer globally and lead cultural transformation She brings deep experience having served in leadership roles in Asia Pacific, Europe and North America. DEARBORN, Mich., March 19, 2018 – Ford Motor Company today announced Kiersten Robinson is elected Ford group vice president and appointed… Continue reading Ford Appoints Kiersten Robinson as Chief Human Resources Officer