Stellantis has launched the Fiat brand in Algeria and announced plans for local production of six carlines: Fiat 500 Hybrid, Fiat 500X, Fiat Tipo, Fiat Doblo, Fiat Scudo and Fiat Ducato. “Supporting the Fiat project and hence, the development of the automotive ecosystem in Algeria has an historical symbolism that reflects the long-lasting good relations… Continue reading Stellantis launches Fiat brand in Algeria, to locally produce six models
Category: US Motoring Press
Stellantis to expand manufacturing footprint to South Africa
Stellantis has, earlier this month, signed a Memorandum of Understanding (MoU) with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (DTIC) to develop a manufacturing facility in South Africa. The signing ceremony took place at the office of Ebrahim Patel, Minister of Trade, Industry and Competition, and was attended by… Continue reading Stellantis to expand manufacturing footprint to South Africa
First ride: 2023 Genesis G90
The Genesis G90 – a rival for the Audi A8, BMW 7 Series and Mercedes S-Class in terms of its size and luxury intentions – is being considered for potential sale in Europe. While that still means it’s unlikely to make it to the UK – the cost of right-hand drive conversion likely to undermine… Continue reading First ride: 2023 Genesis G90
Toyota enhances THUMS crash test simulation software for automated driving
Toyota has announced further development of THUMS (Total Human Model for Safety), its software programme for computer simulation and analysis of the injuries resulting from vehicle crash impacts. The latest advances take account of changes in people’s posture when taking advantage of automated driving systems. The latest Version 7 of THUMS has improved modelling of… Continue reading Toyota enhances THUMS crash test simulation software for automated driving
Brakes India launches brake pads for luxury cars
A week after it launched brake pads for electric passenger vehicles, TVS Group company Brakes India has introduced Platinum brake pads for the luxury cars in the Indian market. Launched by TVS Apache, Brakes India’s friction brand, they are equipped with a unique abrasive film for higher performance and for both front and rear fitment.… Continue reading Brakes India launches brake pads for luxury cars
Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar maker Ouster said on Thursday that it remains on track… Continue reading Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
Apple, Ford and Estee Lauder are in the news Thursday. Here are our takes
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters Go to Source
How Ford plans to turn a profit on EVs in under four years
John Lawler, Chief Financial Officer of Ford, rings the opening bell at the New York Stock Exchange (NYSE), March 23, 2023. Brendan McDermid | Reuters Ford Motor disclosed Thursday that its electric vehicle unit, called Ford Model e, lost $2.1 billion in 2022 — and could lose as much as $3 billion in 2023. But… Continue reading How Ford plans to turn a profit on EVs in under four years
Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was more than offset by $10… Continue reading Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires
General Motors‘ self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night. A witness to the Cruise robotaxi failures, John-Phillip Bettencourt, shared photos of the stalled vehicles on Twitter. He told CNBC that around 1:45 p.m. on March… Continue reading Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires