DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday reported slightly higher-than-expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up 7 percent after hours. The logo of the Ford Motor Company is seen outside a car dealership in Cape Town,… Continue reading UPDATE 2-Ford third-quarter profit beats estimates, shares rise
Tag: FCA
BMW Group enlists KPIT and TTTech as software development partners for autonomous driving. Strong partnerships serve as enablers for Autonomous Driving Platform.
In teaming up with KPIT and TTTech, the BMW Group has chosen software partners with a global footprint and proven expertise in the development of both software platforms and autonomous driving technologies. The partners will be able to assist with rolling out the software stack within the Autonomous Driving Platform to third parties, thereby facilitating… Continue reading BMW Group enlists KPIT and TTTech as software development partners for autonomous driving. Strong partnerships serve as enablers for Autonomous Driving Platform.
Ford, Fiat and Nissan ads banned
Three different carmakers have had ads banned for encouraging unsafe driving. Two ads for Ford Mustang cars fell foul of the Advertising Standards Authority (ASA) after viewers complained that they showed driving as a way of releasing anger. The ASA also ruled against a Nissan Micra ad which it said depicted driving at excessive speeds.… Continue reading Ford, Fiat and Nissan ads banned
Calsonic Kansei and Magneti Marelli to Create a Leading Independent Automotive Components Supplier
October 22, 2018 , London – Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU/MTA: FCA) announces that it has entered into a definitive agreement (the “Transaction”) to sell its automotive components business Magneti Marelli S.p.A. (“Magneti Marelli”) to CK Holdings Co., Ltd. (“CK Holdings”), a holding company of Calsonic Kansei Corporation (“Calsonic Kansei”), a leading Japanese automotive… Continue reading Calsonic Kansei and Magneti Marelli to Create a Leading Independent Automotive Components Supplier
Exclusive: Andy Palmer on apprenticeships, Ferrari, James Bond and Aston Martin going public
In our exclusive interview with Aston Martin President and CEO Andy Palmer he talks about the launch of the Palmer Foundation, the company’s upcoming IPO, the new Project 003 hypercar, Lagonda luxury models, Brexit and, of course, James Bond. You’ve just announced a new charitable project dealing with a subject that’s very close to your… Continue reading Exclusive: Andy Palmer on apprenticeships, Ferrari, James Bond and Aston Martin going public
Aston Martin Files Valhalla Trademark, Possibly For New Supercar
The Valkyries carry slain warriors to Valhalla, so the name is a perfect match with Aston Martin’s other hypercar. Aston Martin takes inspiration from Norse mythology for the name of the upcoming Valkyrie hypercar, and the British brand might stick with this theme for a future mid-engined supercar by calling it Valhalla. The automaker applied… Continue reading Aston Martin Files Valhalla Trademark, Possibly For New Supercar
The way out of the target trap
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UPDATE 1-Frustrated GM investors ask what more CEO Barra can do
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks at GM’s press conference at the North American International Auto Show… Continue reading UPDATE 1-Frustrated GM investors ask what more CEO Barra can do
Devel Sixteen reportedly not even close to production
Devel Sixteen Dubai-based Devel is reportedly a far cry from producing the 5,007-horsepower Devel Sixteen supercar, and a notable engineering company is no longer working with the company. Road & Track reported on Tuesday that a source claimed the car is indefinitely stuck in development. Since the project’s inception, the Garella-family’s Manufattura Automobili Torino (MAT) has… Continue reading Devel Sixteen reportedly not even close to production
Fiom Cgil, Federico Bellono farewell: “They were 8 years of resistance”
Each race arrives at its natural end. Even if Federico Bellono, at the farewell step from the provincial secretary of Fiom Cgil, does not get caught up in emotion or nostalgia. Tomorrow the baton will pass to Edi Lazzi, 37, from Turin and coming from the Collegno area. “But I’m not retired, I’m at the… Continue reading Fiom Cgil, Federico Bellono farewell: “They were 8 years of resistance”