SHANGHAI, June 6, 2018 /PRNewswire/ — The global automotive market has more than 1.3 billion cars and is a 10 trillion US dollar market. However, it is a typical lemon market due to asymmetric information. George A. Akerlof won the Nobel Prize in Economics for his paper “The Market for Lemons: Quality Uncertainty and the… Continue reading AlphaCar, the First Community Token Economy with Large Scale Application on Blockchain
Tag: FCA
The 3.9-litre V8 takes the International Engine of the Year Award
Ferrari’s turbo-charged V8 is voted the best engine of the last 20 years The 3.9-litre V8 takes the International Engine of the Year Award for the third year running A record number of six awards Stuttgart, 5 June 2018 – The latest iteration of Ferrari’s turbo-charged V8 that equips, in various forms, all Ferrari’s V8-engined… Continue reading The 3.9-litre V8 takes the International Engine of the Year Award
Aston Martin: Valkyrie is Marketing for Volume Mid Engine Car
The Aston Martin Valkyrie hypercar will be limited to just 150 units and all of them have already been sold. The Valkyrie will feature aerodynamics penned by Red Bull Racing’s not-so-secret weapon Adrian Newey and a bespoke V12 engine developed by Cosworth. You might think engineering something so complex would be a bit of a… Continue reading Aston Martin: Valkyrie is Marketing for Volume Mid Engine Car
Press Releases – Post-2020 CO2 targets: Cars must be affordable and rechargeable, auto industry says
Brussels, 5 June 2018 – One month before key votes on future CO2 targets for cars in the European Parliament, and a few weeks before discussions amongst EU environment ministers, members of the European Automobile Manufacturers’ Association (ACEA) have re-iterated their commitment to decarbonisation, as well as their concerns about the consequences of a poorly-managed… Continue reading Press Releases – Post-2020 CO2 targets: Cars must be affordable and rechargeable, auto industry says
Why Subaru Is Happy to Be Last in Electric Race
LISTEN TO ARTICLE SHARE THIS ARTICLE Subaru owners are a green bunch. They tend to bike, camp and kayak more than other drivers and inordinately live in the parts of the U.S. with the toughest emissions mandates. The company plays to this ecological image by producing more than 1 million vehicles each year without sending any waste to landfills. Yet the Subaru… Continue reading Why Subaru Is Happy to Be Last in Electric Race
Heavy factory, dealer discounts fuel US truck price war
(Reuters) – Heavy discounts of up to $16,000 per vehicle are fueling a “truck war” among full-size pickups sold in the United States by the Detroit Three, a Reuters analysis shows. Strong U.S. sales this year of the highly profitable big trucks have helped offset lagging passenger car sales. But it is not clear how… Continue reading Heavy factory, dealer discounts fuel US truck price war
Waymo expands autonomous driving partnership with Fiat Chrysler
On the same day of a massive $2.25 billion Softbank investment into General Motors’ Cruise, Fiat Chrysler Automobiles (FCA) is announcing an expanded partnership with Waymo that will add up to 62,000 more Chrysler Pacifica minivans to Waymo’s self-driving car fleet later this year. This isn’t too surprising, given Waymo said earlier this year that… Continue reading Waymo expands autonomous driving partnership with Fiat Chrysler
Lotus boss leaves as new owner Geely promotes from within
Lotus’s boss has left the sports car manufacturer less than a year after it was acquired by Chinese automotive giant Geely. Jean-Marc Gales was brought in to the Norfolk-based company in 2014 with a remit to get it back on track after an ambitious expansion plan under former Ferrari marketing chief boss Dany Bahar failed.… Continue reading Lotus boss leaves as new owner Geely promotes from within
Exclusive: Lotus boss Jean-Marc Gales departs car maker
Jean-Marc Gales has abruptly left his position as CEO of Group Lotus plc, the Norfolk-based sports car maker and technology consultancy acquired last year by China’s Geely group, which also owns Volvo, Lynk&Co, Proton and LEVC. Gales told Autocar that he was leaving for “personal reasons” and that it was “time to move on”. He departs his job today and described it as… Continue reading Exclusive: Lotus boss Jean-Marc Gales departs car maker
Chrysler and Dodge’s days may be numbered despite surviving Friday
Autoplay Show Thumbnails Show Captions Last SlideNext Slide John Elkann president of the FCA Italy group, right, holds a necktie to Fiat Chrysler CEO Sergio Marchionne prior to a press conference at the FCA headquarters, in Balocco, Italy, Friday, June 1, 2018. In his last big presentation as CEO of Fiat Chrysler before retiring, Sergio… Continue reading Chrysler and Dodge’s days may be numbered despite surviving Friday