Category: Automotive

Ford doesn’t want the F-150 Lightning’s launch to be plagued by scalpers

Ford is fighting to keep the 2022 F-150 Lightning from being scalped — the company has sent a notice offering to help dealers prevent 2022 F-150 Lightning buyers from reselling their trucks, according to a report from CNET. If a dealer chooses to add a no-sale provision provided by Ford to its contracts, the buyer… Continue reading Ford doesn’t want the F-150 Lightning’s launch to be plagued by scalpers

Exclusive: Future of Aston Martin CEO Tobias Moers in doubt

Tobias Moers’ future as CEO of Aston Martin is uncertain following this morning’s trading update warning that the firm would miss its earnings targets, Autocar UK has learned. Speculation regarding Moers’ ongoing role at the firm follows indifferent financial results for the Gaydon-based luxury car maker, which was taken over by a consortium led by billionaire Lawrence Stroll in January… Continue reading Exclusive: Future of Aston Martin CEO Tobias Moers in doubt

@VW Group: 911 Love: an interview with Arthur Kar004435

© 2021 Dr. Ing. h.c. F. Porsche AG. *Data determined in accordance with the measurement method required by law. As of 1 September 2018 the Worldwide Harmonised Light Vehicles Test Procedure (WLTP) replaced the New European Driving Cycle (NEDC). Due to the more realistic test conditions, the fuel/electricity consumption and CO₂ emission values determined in… Continue reading @VW Group: 911 Love: an interview with Arthur Kar004435

06:59 ETDana Incorporated Announces Two Appointments to Board of Directors, Reaches Agreement with Icahn CapitalDana Incorporated (NYSE: DAN) today an…

MAUMEE, Ohio, Jan. 7, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced that it has entered into an agreement with Icahn Capital, whereby Brett Icahn and Gary Hu, both of whom are portfolio managers at Icahn Capital, will join the Dana Board of Directors, effective immediately, and stand for election at the company’s 2022 Annual… Continue reading 06:59 ETDana Incorporated Announces Two Appointments to Board of Directors, Reaches Agreement with Icahn CapitalDana Incorporated (NYSE: DAN) today an…

Ford threatens dealers: We won’t send you F-150 Lightnings if you break sales rules

Ford Motor Co., concerned about its reputation and customer complaints related to the upcoming launch of the F-150 Lightning, is warning dealers not to upsell reservations for the popular EV truck and also wants customers to sign a contract preventing them from reselling it within a year, according to a letter from the automaker to its dealers. Go to Source

Ford’s e-scooter company is pulling out of any city that doesn’t limit competition

Spin, the e-scooter company owned by Ford, announced a major restructuring Friday where it will pull out of “nearly all open permit markets.” More specifically, Spin is beginning to exit “a few” US markets, Germany, and Portugal, and it is “projecting” to close down in Spain as soon as February. Moving forward, Spin says it… Continue reading Ford’s e-scooter company is pulling out of any city that doesn’t limit competition

@Daimler: Mercedes-Benz Reports 2021 Sales of 329,574 Vehicles

ATLANTA–(BUSINESS WIRE)–Mercedes-Benz USA (MBUSA) today reported Q4 2021 sales of 60,326 Mercedes-Benz models. Additionally, Mercedes-Benz Vans recorded Q4 sales of 15,705, bringing MBUSA to a grand total of 76,031 vehicles for the quarter, a decrease of -20.2% over the comparable period last year. On a year-to-date basis, MBUSA recorded sales of 276,102 Mercedes-Benz passenger vehicles… Continue reading @Daimler: Mercedes-Benz Reports 2021 Sales of 329,574 Vehicles

Bubble trouble: Rivian is the latest high flyer to pop on Wall Street

Skeptics who have long fretted about a speculative bubble in shares of hyper-expensive, unprofitable companies are pointing to this week’s blowup in Rivian Automotive Inc. as the latest sign that the air is leaking out fast. Rivian, a maker of electric pickup trucks, briefly surpassed Volkswagen AG’s market value after its November initial public offering… Continue reading Bubble trouble: Rivian is the latest high flyer to pop on Wall Street

Aston Martin gauges Ford executive’s interest in becoming CEO

Aston Martin Lagonda Global Holdings Plc’s chairman has approached Steven Armstrong, a senior Ford Motor Co. executive, to gauge his interest in becoming chief executive officer of the British carmaker, according to people familiar with the matter. Billionaire Lawrence Stroll reached out to Armstrong — a former chairman of Ford Europe — twice last month,… Continue reading Aston Martin gauges Ford executive’s interest in becoming CEO