LOS ANGELES, Nov. 18 (Xinhua) — A senior manager of Ford Motor has disclosed that the company's all-new, all-electric SUV, donning the iconic pony badge and named Mustang Mach-E, would be introduced to the Chinese market in 2021.
The plan was revealed by Darren Palmer, Ford's global director for battery electric vehicles, in a document released to Xinhua after the company's first all-electric SUV was unveiled Sunday night at Jet Center in Los Angeles, a hall neighboring Tesla's factory.
Mustang Mach-E is the first vehicle based on the company's new EV architecture as part of an 11.5-billion-U.S. dollar plan to develop 40 new all-electric and hybrid models by 2022.
It also marks the first time that the name of Mustang, famous for its original model which has remained in uninterrupted production since its debut in 1964, is being used on a new electric vehicle.
As of August 2018, over 10 million Mustangs, an icon of American pop culture, had been produced in the ..
Category: Newswire
Veoneer Joins Autonomous Vehicle Computing Consortium to Accelerate Development of Autonomous Vehicles
STOCKHOLM, Nov. 19, 2019 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), the world’s largest pure-play company focused on Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD), has joined the Autonomous Vehicle Computing Consortium (AVCC) to speed autonomous driving vehicle development. Veoneer joins leading OEMs, Tier 1 suppliers and semiconductor companies, such… Continue reading Veoneer Joins Autonomous Vehicle Computing Consortium to Accelerate Development of Autonomous Vehicles
Automobili Pininfarina Presents 2020 Vision to Transform Its Luxury EV Business
At a private briefing in Los Angeles ahead of the LA Auto Show, CEO Michael Perschke, Chief Design Officer Luca Borgogno and Chief Sales Officer Jochen Rudat revealed how 90 years of Pininfarina design and innovation heritage are informing their vision for the growth of the business, starting with Battista production next year. Michael Perschke,… Continue reading Automobili Pininfarina Presents 2020 Vision to Transform Its Luxury EV Business
Gett Announces Closure of Juno and Strategic Partnership With Lyft
TEL AVIV, Israel, Nov. 18, 2019 /PRNewswire/ — Gett, the global leader in corporate on-demand transportation, today announces the closure of its New York rideshare business, Juno, effective today. Gett also announces a strategic partnership with Lyft to enable Gett’s corporate clients to access rides in the United States beginning next year. Dave Waiser, Gett… Continue reading Gett Announces Closure of Juno and Strategic Partnership With Lyft
Autoliv Introduces Airbag That Prevents Passengers From Colliding
OGDEN, Utah, Nov. 18, 2019 /PRNewswire/ — Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announced the development of a new front center airbag that is designed to save lives in side-impact crash situations. The airbag will be showcased at Autoliv’s Capital Markets Day held on November 19… Continue reading Autoliv Introduces Airbag That Prevents Passengers From Colliding
GROUPE RENAULT : Information concerning the total number of voting rights and shares – October 2019
Information concerning the total number of voting rights and shares, provided pursuant to article L. 233-8 II of the Code de commerce (the French Commercial Code) and the Article 223-16 of the Règlement général de l’Autorité des marchés financiers (Regulation of the French stock market authority) Company name of the issuer: Renault SA13/15 quai Alphonse Le… Continue reading GROUPE RENAULT : Information concerning the total number of voting rights and shares – October 2019
German Industrial Job Losses Top 80,000 With Daimler Cuts
German Industrial Job Losses Top 80,000 With Daimler Cuts Bloomberg | Nov 15, 2019 at 5:00 AM Germany’s economy may have narrowly avoided a recession, but the pressure on the country’s industry shows no sign of abating.
Honda profit plummets
Honda Atlas Cars reported a 50 per cent drop in its profit after tax down to Rs509.7 million in the July to September period of its half yearly financial results filed with the stock exchange on Thursday.The fall in sales revenue is largely due to a fall in sales volume dropping by 67pc year-on-year.HCAR saw its gross margin improve by 288 basis points to 10.4pc “on back of higher car prices and cost efficiencies” in the second quarter.
Ferrari Roma coupe unveiled
Ferrari has unveiled the new Roma.The luxury coupe can make 0-100 kmph in 3.4 seconds and 0-200 kmph in 9.3 seconds.Ferrari Roma’s chassis makes use of the modular technology developed by the luxury sports car manufacturer for its new generation models.
German auto giant BMW presents research facility for battery cells in Munich
BERLIN, Nov. 15 (Xinhua) — German auto giant BMW presented a battery cell research center on Thursday to “advance battery cell technology and carefully dissect the production processes.”
According to BMW, total investments for the research center in Munich, where 200 people will be employed, are 200 million euros (219.9 million U.S. dollars).
Battery cell technology is a “key success factor” for BMW vehicle fleet because it affects both the operational performance of cars as well as battery costs, said Oliver Zipse, chief executive officer of BMW.
BMW announced that it would not manufacture the battery cells itself but would only develop batteries specially tailored to the needs of its cars in cooperation with the battery manufacturers. Furthermore, scientists at the facility would research new materials to produce battery cells.
Employee representatives at the BMW Group would be “actively involved” with the aim of developing expertise within the company to secure jobs “for the long t..