Category: Automotive

SUSTAINED CUSTOMER DEMAND BOOSTS JAGUAR LAND ROVER SALES

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GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit

General Motors Co. defied a softening auto market with a surprise prediction that profit will remain steady this year and grow in 2019 thanks to a wave of new trucks and SUVs. Earnings this year will be consistent with the record result the company pre-reported on Tuesday. While GM is going to grapple with costs… Continue reading GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit

Vrtucar to Acquire Community CarShare

Photo courtesy of Vrtucar Community CarShare is planning to dissolve due to financial issues, according to an article by The Record. The article reported that Community CarShare’s total liabilities were nearly $796,500 and total assets were just under $227,000 as of April 2017.  The nonprofit carsharing cooperative received a letter of intent from Vrtucar, an… Continue reading Vrtucar to Acquire Community CarShare

Kia, Repsol Launch WiBLE Carsharing Service in Madrid

WiBLE will launch in Madrid in late 2018. Photo via Ángela Ojeda Heyper/Flickr  Kia Motors Iberia and Repsol announced their partnership to launch a new carsharing service called WiBLE (Widely Accessible, very accessible).  WiBLE will launch in Madrid, due to the Spanish capital’s geography and demographics which lend well to a carsharing market. Details about the operation of the service are… Continue reading Kia, Repsol Launch WiBLE Carsharing Service in Madrid

Mercedes will build an electric version of its popular Sprinter van

Daimler It’s all well and good to drive your own electric car, but what about the companies delivering your mail or fixing your water heater? They could stand to benefit from EVs, too — and Mercedes-Benz is happy to help out. It’s launching a refreshed Sprinter van that will, for the first time, include an… Continue reading Mercedes will build an electric version of its popular Sprinter van

GM posts strong 2017 despite losses

General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses