A Geely Emgrand EV300 is on display at an auto exhibition in Fuzhou, East China’s Fujian province, June 19, 2017. [Photo/VCG] HANGZHOU – Chinese automaker Geely on Wednesday announced that it has signed a deal to set up an automatic transmission joint venture with Japan’s Aisin AW. The joint venture has a registered capital of… Continue reading Geely, Aisin sets up automatic transmission JV
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Penta Security Introduces Blockchain That Trades Vehicle Data
Penta Security System has chosen blockchain as its new driving force. Based on its experiences from vehicle security industry, it is planning to introduce blockchain for trading vehicle data. It is also pushing for ICO (Initial Coin Offering) in Singapore next month.CEO Lee Seok-woo of Penta Security held a press conference at its headquarters on… Continue reading Penta Security Introduces Blockchain That Trades Vehicle Data
UPDATE 3-Ford accelerates cost-cutting plan, will drop most U.S. sedans
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers. FILE PHOTO: A Ford worker inspects paint work on the body of a… Continue reading UPDATE 3-Ford accelerates cost-cutting plan, will drop most U.S. sedans
Volvo’s Polestar 1 luxury hybrid will cost $155,000
Polestar At the Geneva Motor Show last month, Volvo flaunted its long-range plug-in hybrid Polestar 1, which can pull with 600 horsepower thanks to its two electric motors and a 2.0 liter turbo engine. The final price on such a beast has just been revealed at Auto China 2018 in Beijing: $155,000 in the US,… Continue reading Volvo’s Polestar 1 luxury hybrid will cost $155,000
BRIEF-Volkswagen AG to offer electrified versions of its models
* VOLKSWAGEN TO OFFER ELECTRIFIED VERSIONS OF ITS MODELS Further company coverage: Go to Source
Auto parts supplier: New Mahle CEO Stratmann wants to build the Group sustainable and powerful
Jörg Stratmann The manager has been working for Mahle for ten years. (Photo: MAHLE) If you’re out of luck, bad luck comes along too, mumbles a press worker on this sunny morning in the Mahle headquarters in Stuttgart. The annual press conference of the automotive supplier will start there. But at the same time important… Continue reading Auto parts supplier: New Mahle CEO Stratmann wants to build the Group sustainable and powerful
Porsche Doubles Target for Deliveries of Electric Cars by 2025
Porsche set one of the industry’s most aggressive targets for selling plug-in hybrid and battery-powered cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electric models is speeding up. The Volkswagen AG luxury brand is readying the all-electric Mission E sports car… Continue reading Porsche Doubles Target for Deliveries of Electric Cars by 2025
Bosch defends tooth and nail diesel
Do everything, even play the hawkers, to save the Diesel soldier. Bosch says it has found a quick fix for drastically reducing nitrogen oxide emissions from diesel engines – a fuel that theoretically emits 15 to 20 percent less CO2 than gasoline. Engineers of the German equipment manufacturer, a major player in diesel, have found… Continue reading Bosch defends tooth and nail diesel
Study estimates traveling with Uber and Lyft will be cheaper than owning a car in some cities by 2027
Autonomous Uber test vehicles at the Advanced Robotics Group in Pittsburgh. (GeekWire Photo / Taylor Soper) The cost of owning a car could be less than traveling exclusively with rideshare services in Seattle and Denver by 2027, according to a new study by QuoteWizard. Two commuters — one in Seattle and one in Denver —… Continue reading Study estimates traveling with Uber and Lyft will be cheaper than owning a car in some cities by 2027
Automesse Peking: So ran the first big appearance of the new VW boss Diess
One last bite into the chocolate bar and a sip of water. Herbert Diess gets ready for his first big appearance as CEO of Volkswagen, Then he is called to the stage in the old industrial hall in the East of Beijing, and his presentation is about to start. Chance wants it this way: Herbert… Continue reading Automesse Peking: So ran the first big appearance of the new VW boss Diess