Category: Automotive

Dana Incorporated Announces Strong Second-quarter Results; Affirms Full-year Guidance Ranges

MAUMEE, Ohio, July 31, 2019 /PRNewswire/ — Second-quarter Highlights Strong sales of $2.3 billion, an increase of $252 million compared with second-quarter 2018; represents 11th consecutive quarter of year-over-year sales growth Net loss attributable to Dana of $68 million; diluted EPS a…

Fiat Chrysler confirms year guidance on strong North America performance

MILAN, July 31 (Reuters) – Fiat Chrysler reiterated its full-year profit guidance on Wednesday after operating profits topped expectations in the second quarter, thanks to record results in the North American market. In its first earnings release after a failed attempt to merge with France’s Renault, FCA said its was confident its adjusted earnings before… Continue reading Fiat Chrysler confirms year guidance on strong North America performance

Man in Japan buys 5 Fenyr hypercars for ca. $9M – Forma car News

Tetsumi Shinchi, a major businessman in Japan, has acquired a batch of five Fenyr SuperSport Launch Edition hypercars worth over U.S. $1,750,000 each. The vehicles were produced by Lebanon-based manufacturer W Motors. The entire production run consisted of just 10 copies, and a full half of it now goes to Japan. Each vehicle sports a… Continue reading Man in Japan buys 5 Fenyr hypercars for ca. $9M – Forma car News

Aston Martin posts £78.8m loss in first half of 2019

Aston Martin recorded a pre-tax loss of £78.8 million in the first half of this year, due to lower-than-expected sales in Europe and expansion costs – but company boss Andy Palmer insists the firm’s ambitious growth plan remains on track. The publication of Aston Martin Lagonda latest results came a week after the firm issued… Continue reading Aston Martin posts £78.8m loss in first half of 2019

LEVC produces 2500th TX hybrid taxi in Coventry

London Electric Vehicle Company (LEVC) has produced the 2500th example of its TX range-extender hybrid taxi, marking a significant production milestone for the firm. Production of the low-emission model began in January 2018 at the company’s purpose-built Coventry facility following a £500 million investment from Chinese parent company Geely, which took over the British firm in 2013. The factory… Continue reading LEVC produces 2500th TX hybrid taxi in Coventry

Cadillac XT5 Refinements Broaden Appeal for 2020

Cadillac XT5 Refinements Broaden Appeal for 2020 Revised design cues, enhanced technologies and new propulsion choice for the brand’s global best-seller 2019-07-25 OSHAWA – Cadillac’s global best-selling XT5 is revamped for 2020, with a new turbocharged engine, enhanced technologies and revised design cues that combine distinctive trims that offer customers greater choice in matching this… Continue reading Cadillac XT5 Refinements Broaden Appeal for 2020

Startups BRCK and Swvl partner on free WiFi for Kenyan ride-hail buses

Nairobi based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring WiFI and online entertainment to on-demand bus service in Kenya. BRCK will install its routers on Swvl vehicles in Kenya and run its Moja service, which offers free public WiFi—internet, music, and entertainment—subsidized by commercial partners. Founded in… Continue reading Startups BRCK and Swvl partner on free WiFi for Kenyan ride-hail buses

Aston Martin shares plunge to new low as carmaker slumps to half-year loss

LONDON (Reuters) – Shares in Aston Martin (AML.L) plunged 17% to a post-flotation low on Wednesday after the luxury British carmaker slumped to a half-year loss, the latest automotive firm to be hit by falling demand in Europe. FILE PHOTO: An Aston Martin car is seen at the production line at the company’s world headquarters… Continue reading Aston Martin shares plunge to new low as carmaker slumps to half-year loss