The long-term future of the Ford Mondeo looks increasingly uncertain after the automotive giant announced plans to drop the popular model’s sister vehicle – the Fusion – in the United States, and focus on pick-ups and SUVs in that region instead. The current Mondeo was introduced in 2014 in Europe – and it has survived declining sales… Continue reading Ford Mondeo’s future in doubt as Fusion is axed in US
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Waylands Automotive to open new Volvo dealership in Reading
Waylands Automotive has started work on a multi-million-pound Volvo eight-car showroom and workshop, which will become Volvo Cars Reading’s new home in November. Volvo Cars Reading opened for business towards the end of last year under the ownership of Waylands Automotive, headed up by ex-Ridgeway Garages CEO John O’Hanlon. The opening is part of a… Continue reading Waylands Automotive to open new Volvo dealership in Reading
BMW is working with LiDAR company Innoviz to make self-driving cars
BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from startup Innoviz to enable its Level 3 – 5 autonomous vehicles to “see” their surroundings. For clarity, level 3 involves highly-automated driving, level four… Continue reading BMW is working with LiDAR company Innoviz to make self-driving cars
Tesla Model 3: Highly innovative, but built with 'dinosaur technology'
Buy Photo Munro & Associates CEO Sandy Munro discusses design flaws he has found with the body of a Tesla Model 3 that was part of a reverse engineering event at Munro & Associates in Auburn Hills on Wednesday April 25, 2018. (Photo: Mandi Wright, Detroit Free Press)Buy Photo The Tesla Model 3 appears to… Continue reading Tesla Model 3: Highly innovative, but built with 'dinosaur technology'
(2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales
(ATTN: ADDS analyst comment and stock price in paras 5-8) By Choi Kyong-ae SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. In an earnings shock, net profit for the… Continue reading (2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales
(LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand
(ATTN: ADDS details in paras 3-4) SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent on the strong won and sluggish demand in China. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9… Continue reading (LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand
Hyundai Mobis Q1 net falls 39 pct on weak demand
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent as demand from major clients remained weak. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9 billion won a year earlier, the company said… Continue reading Hyundai Mobis Q1 net falls 39 pct on weak demand
Hyundai Mobis outlines growth plans in line with group’s streamlining
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its domestic… Continue reading Hyundai Mobis outlines growth plans in line with group’s streamlining
It’s a Bad Time to Stop Making Small Cars
April 26, 2018, 5:00 AM EDT
Tesla’s head of Autopilot leaves, ex-Apple exec to succeed
(Reuters) – Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company. An advertisement promotes Tesla Autopilot at a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Pete Bannon, who… Continue reading Tesla’s head of Autopilot leaves, ex-Apple exec to succeed