Singapore: ComfortDelGro expands UK footprint, buys over insurance JV

February 9, 2018 ComfortDelGro Corporation is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales for £13.4 million ($18.7 million). Additionally, it has bought over an insurance joint venture it launched in 2003. The acquisition of New Adventure Travel (NAT) Group in the UK was conducted through… Continue reading Singapore: ComfortDelGro expands UK footprint, buys over insurance JV

February 6, Geely Automobile Group released January sales announcement: single-month sales break 150,000, reaching 15,5089 units, an increase of 51%, with a record high hit the 2018 market sentiment. It is worth mentioning that, Bo Yue, …

February 6, Geely Automobile Group released January sales announcement: single-month sales break 150,000, reaching 15,5089 units, an increase of 51%, with a record high hit the 2018 market sentiment. It is worth mentioning that, Bo Yue, the new Imperial Regal, Imperial GL, Imperial GS and other eight models have sold over 10,000 vehicles, including Bo… Continue reading February 6, Geely Automobile Group released January sales announcement: single-month sales break 150,000, reaching 15,5089 units, an increase of 51%, with a record high hit the 2018 market sentiment. It is worth mentioning that, Bo Yue, …

Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles

In Brief Waymo and Uber’s self-driving systems use LIDAR technology to navigate traffic. But Tesla CEO Elon Musk says cameras — not LIDAR — are the way to go. Vision of the Future Elon Musk recently reiterated his stance that Light Detection and Ranging (LIDAR) technology is not a critical component of autonomous driving systems.… Continue reading Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles

Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization

Sergio Marchionne, who has led Fiat Chrysler Automobiles since 2009, has words of advice for the automobile industry: The future of cars is coming swiftly, and if you can’t innovate and differentiate, you won’t survive. Marchionne, one of the longest-serving chief executives in the auto industry, confirmed on Monday, the opening of the North American… Continue reading Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization

Dongfeng Yulon moves into high gear, by rebranding

Dongfeng Yulon’s Luxgen models are displayed at an auto show in Changchun, Jilin province. [Photo/China Daily] Dongfeng Yulon Motor Co, a joint venture between the Chinese mainland’s Dongfeng Motor Corp and Taiwan’s Yulon Motor, is re-positioning itself in an attempt to rev up its performance in the competitive Chinese market. Jack Hsin-fa Wu, general manger… Continue reading Dongfeng Yulon moves into high gear, by rebranding

MWC 2018: Continental Is Shaping the Future of Mobility

Continental will be unveiling innovative solutions and services at the Mobile World Congress in Barcelona Holistic connectivity is turning vehicles into smartphones on wheels Smart integration of mobile devices maximizes driver and user experience Barcelona, February 8, 2018. Starting in April 2018, every new car in Europe will have to be equipped with an integrated… Continue reading MWC 2018: Continental Is Shaping the Future of Mobility

Nissan reports nine-month results for fiscal year 2017

YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017

Volvo Cars reports record operating profit of SEK14.1 billion in 2017

Volvo Cars reports record operating profit of SEK14.1 billion in 2017   Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars.   Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017

First European Customers Receive Their Ford GT Supercars

About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading First European Customers Receive Their Ford GT Supercars