Category: Automotive

Ford focuses on middle mile in autonomous transportation

The manufacturer Ford and its startup Argo AI want to take on the middle mile. Cargo shipments are divided into three sections: the first, middle and last mile. The last mile means delivery to customers, the middle mile to the distribution center before and the first mile is from production to the distribution center for… Continue reading Ford focuses on middle mile in autonomous transportation

Stellantis expands its car-sharing offering by acquiring Share Now from BMW and Mercedes-Benz

Stellantis continues to bet on car sharing. The French automotive group announces, this Tuesday, having reached an agreement with BMW and Mercedes-Benz for the acquisition of their Share Now service. If the three manufacturers have “agreed not to disclose the details of the transaction”, for analyst Jürgen Pieper of the private bank Bankhaus Metzler quoted… Continue reading Stellantis expands its car-sharing offering by acquiring Share Now from BMW and Mercedes-Benz

Eaton Reports Record First Quarter 2022 Results

10% Organic Sales Growth, Above the High End of Guidance, Record Backlog and Accelerating Order Activity up 30% in Electrical and up 35% in Aerospace DUBLIN, May 03, 2022–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.33 for the first quarter of 2022. Excluding charges of $0.25 per… Continue reading Eaton Reports Record First Quarter 2022 Results

Tesla, new profit champion among automakers

Who would’ve believed that ? Barely a year ago, Tesla’s meager profits came largely from sale of CO2 credits . Today, against all odds, the champion of the electric car has also become the champion of profitability in the automotive industry. According to the ranking established by the firm EY based on the 2021 accounts… Continue reading Tesla, new profit champion among automakers

Cummins Reports First Quarter 2022 Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2022. First quarter revenues of $6.4 billion increased 5 percent from the same quarter in 2021. Sales in North America increased 12 percent while international revenues decreased 3 percent, driven primarily by a slowdown in China. “Demand for our products remains… Continue reading Cummins Reports First Quarter 2022 Results

Hyundai Motor America Reports Second-Best April Retail Sales in its History

Hyundai Electrified Vehicle Retail Sales Increased 68% in April Led by the World Car of the Year IONIQ 5 Electric SUV FOUNTAIN VALLEY, Calif., May 3, 2022 /PRNewswire/ — Hyundai Motor America reported April retail sales of 61,668 units, its second-best April retail sales month in its history. Electrified vehicle year-over-year retail sales increased 68%… Continue reading Hyundai Motor America Reports Second-Best April Retail Sales in its History

Wiesmann is back with a 500kW electric roadster – Stuff.co.nz

Wiesmann is back with a two-seater electric roadster producing 500kW. Funky German custom builder Wiesmann is back after being bought out and restarted in 2016, with a new all-electric two-seater roadster. Called Project Thunderball, it does away with the previous Wiesmann tradition of using BMW engines in favour of two electric motors, both mounted on… Continue reading Wiesmann is back with a 500kW electric roadster – Stuff.co.nz

The Drako GTE Was The World’s First Four-Seat Hypercar – HotCars

There’s something beguiling about this car. It reminds us of the Estoque: the four-seater Lamborghini that wasn’t meant to be. The Drako GTE EV is genuinely the first four-seater hypercar in the world, but the Koenigsegg Gemera stakes that claim rather embarrassingly – and if we ever stood the chance, we’d like to punch someone… Continue reading The Drako GTE Was The World’s First Four-Seat Hypercar – HotCars

@BMW: BMW Group and Mercedes-Benz Mobility intend to sell their car-sharing joint venture SHARE NOW to Stellantis001938

Stuttgart/Munich, May 3, 2022. Mercedes-Benz Mobility and BMW Group intend to sell their joint venture SHARE NOW to Stellantis. The three companies recently signed an agreement to this effect and agreed not to disclose the details of the transaction. It is also subject to the approval of the relevant antitrust authorities. The sale of the… Continue reading @BMW: BMW Group and Mercedes-Benz Mobility intend to sell their car-sharing joint venture SHARE NOW to Stellantis001938