Category: Automotive

Nissan to cut 12,500 jobs as crisis deepens after profit wipe out

YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) unveiled its biggest restructuring plan in a decade, axing nearly a tenth of its workforce and flagging possible plant closures to rein in costs that ballooned when Carlos Ghosn was CEO. Nissan CEO Hiroto Saikawa attends a news conference to release first quarter earnings at the company headquarters… Continue reading Nissan to cut 12,500 jobs as crisis deepens after profit wipe out

Tesla says number one reason owners visit service is to learn how to use Autopilot

Tesla doubled the size of its fleet over the last 12 months and it’s putting a lot of pressure on its service capacity. The automaker revealed the number one reason owners visit service and it’s a surprising one: to learn how to use Autopilot. In the release of its Q2 2019 financial results, Tesla focused… Continue reading Tesla says number one reason owners visit service is to learn how to use Autopilot

Audi and Hydro: joint commitment to sustainable aluminum

The supply chain of the Audi e-tron* is becoming more sustainable: The aluminum producer Hydro now supplies sustainable aluminum for the battery housing of the first fully electric model of the company. The material is processed and manufactured along the entire process chain in an environmentally friendly manner and under socially acceptable working conditions. This… Continue reading Audi and Hydro: joint commitment to sustainable aluminum

BorgWarner Reports Second Quarter 2019 U.S. GAAP Net Earnings Of $0.83 Per Diluted Share, Or $1.00 Per Diluted Share Excluding Non-Comparable Items

AUBURN HILLS, Mich., July 25, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today reported second quarter results. Second Quarter Highlights: U.S. GAAP net sales of $2,551 million, down 5.3% compared with second quarter 2018. Excluding the impact of foreign currencies and the net…

Nissan confirms 12,500 global job cuts

Nissan’s Sunderland car manufacturing plant appears to have avoided a new round of job cuts as the Japanese car brand announced that it plans to shed 12,500 employees worldwide. The job losses, which will be implemented over the course of the next three years, will see around one-in-10 of the manufacturer’s workforce dispensed with following… Continue reading Nissan confirms 12,500 global job cuts

The Austro Daimler Bergmeister is a 1,198bhp plug-in hybrid – Top Gear

If you’re a keen follower of ultra-exclusive concours events, you may have noticed the car above at Villa d’Este earlier this year. It’s the snappily-named Austro Daimler Bergmeister ADR 630 Shooting Grand. There’s plenty of Mercedes SLS and AMG GT in the styling with those gullwing doors and long bonnet, and the double-bubble roof and shooting… Continue reading The Austro Daimler Bergmeister is a 1,198bhp plug-in hybrid – Top Gear

Toyota Expands Collaboration in Mobility as a Service (MaaS) with Didi Chuxing, a Leading Ride-hailing Platform

Jul. 25, 2019

Toyota Expands Collaboration in Mobility as a Service (MaaS) with Didi Chuxing, a Leading Ride-hailing PlatformEstablishment of a joint venture for vehicle-related services for ride-hailing drivers, and investment in DiDi and joint venture

China steps up investments in automotive industry

CHINA has long been a key market for global automotive manufacturers.The single biggest investment in the category is Geely’s stake in Daimler, which it bought for US$9 billion in February 2018, gaining about 9.7 per cent of the company and making it the single biggest shareholder in the German luxury-car company.The purchase by BAIC makes it the third-largest shareholder of Daimler and represents the biggest strategic investment by a Chinese government entity into a global carmaker.

Cycle & Carriage Singapore enters car leasing business, forms fleet partnership with Gojek

AUTOMOTIVE group Cycle & Carriage Singapore on Thursday said it has entered the car leasing business through the formation of a new unit wholly owned by parent company Jardine Cycle & Carriage (Jardine C&C).The new unit, Cycle & Carriage Leasing, will provide various leasing options from daily rentals to long-term car rentals of up to three years, and will also be available to private hire drivers.Cycle & Carriage Leasing’s fleet will consist mainly of brands represented by Cycle & Carriage Singapore – namely Kia Cerato, Kia Stonic, Kia Niro Hybrid as well as Mitsubishi Attrage.