Tag: FCA

Geely Mulls $1.9 Billion Revival Plan for Lotus Cars

LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter. Zhejiang Geely Holding Group Co., which also controls Volvo Car Group, plans to… Continue reading Geely Mulls $1.9 Billion Revival Plan for Lotus Cars

Noble M500 borrows its engine from the Ford GT, headlights from the Corvette

It’s been a while since we’ve heard anything from British boutique automaker Noble, maker of hardcore performance cars like the current M600. But the company is back with a new supercar called the M500, which Noble described on Twitter as a “friendlier little brother to the M600.” But only a little friendlier. The M500 will… Continue reading Noble M500 borrows its engine from the Ford GT, headlights from the Corvette

Ford executive said to leave over ‘accusations of inappropriate behavior’

Pradeep Gaur | Mint | Hindustan Times | Getty Images Ford global director of program management Prakash Patel at a launch of a Ford Mustang on January 28, 2016 in New Delhi, India.  A high-profile executive at Ford has reportedly left the company over accusations of inappropriate behavior, according to an article in Automotive News… Continue reading Ford executive said to leave over ‘accusations of
inappropriate behavior’

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group Our future world need not necessarily look like a scene straight out of a sci-fi thriller. But it would entail newer business and job opportunities powered by humans and technologies, and hopefully, concerted efforts by our race to be more sustainable. Anand Mahindra caught up with… Continue reading Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

BMW beats second-quarter forecasts as new anti pollution rules dent rivals

FRANKFURT (Reuters) – BMW (BMWG.DE) reported a smaller-than-expected 6 percent decline in second quarter operating profit on Thursday while brushing off concerns about new anti-pollution rules and global trade tensions which caused rival Daimler (DAIGn.DE) to warn on profits. FILE PHOTO: The logo of German car manufacturer BMW is seen on the bonnet of a… Continue reading BMW beats second-quarter forecasts as new anti pollution rules dent rivals

UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel

MILAN (Reuters) – Ferrari (RACE.MI) reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the Italian supercar maker following the death of Sergio Marchionne. FILE PHOTO: The Ferrari Insignia is seen at the back of a Ferrari Testarossa during a… Continue reading UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel

The future of Ferrari under the Marlboro man

Getty Images Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles is viewed next to a Ferrari after ringing the Closing Bell on the floor of the New York Stock Exchange (NYSE) on October 13, 2014 in New York City. Friends and colleagues of Camilleri, who requested anonymity because they aren’t authorized to speak for him… Continue reading The future of Ferrari under the Marlboro man

Waymo strikes deals with Walmart, others to boost access to self-driving cars

Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Waymo, the Alphabet company that spun out of Google’s former self-driving car division, is partnering with some of the country’s largest companies to expand how many people have access to its self-driving vehicles.