Roger Penske, CEO of Penske Automotive Group, told analysts last month that the Audi e-tron is not selling as fast as he would like. But 4,000 sales over the past half-year for a relatively unknown new, luxury EV seems about right. In February, Audi announced that it had 20,000 reservations worldwide for its e-tron electric SUV. That… Continue reading Dealership group rushes judgment on Audi e-tron sales, patience required
Tag: Manufacturing
Cybertruck is Tesla’s last product for ‘awhile’ but Elon teases tech announcements
Elon Musk says that Tesla is going to stop unveiling new products for “a while”, but the CEO is also teasing some upcoming technology announcements. Tesla had ramped up product unveilings lately with 2 major unveiling events this year: The Model Y event in March and the Cybertruck event last week. After the event, Musk… Continue reading Cybertruck is Tesla’s last product for ‘awhile’ but Elon teases tech announcements
Tesla wants to use laser beams to automatically clean debris off cars – Yes really
Tesla has been working on a technology consisting of laser beams installed on vehicles, and other products, to automatically clean debris off the windshield of its cars. No, I am not kidding. If you thought that Tesla’s Cybertruck was futuristic, wait until you hear about this new technology that Tesla has been developing, which basically… Continue reading Tesla wants to use laser beams to automatically clean debris off cars – Yes really
DHL to debut zero-emission electric delivery vans in U.S. cities
LOS ANGELES (Reuters) – Deutsche Post DHL Group’s StreetScooter electric vehicle unit will enter the U.S. market next year as delivery firms and municipalities work to cut greenhouse gas emissions. FILE PHOTO: Achim Kampker (L), Chief Executive Officer (CEO) of electric delivery van maker StreetScooter GmbH, a subsidiary of German postal and logistics group Deutsche… Continue reading DHL to debut zero-emission electric delivery vans in U.S. cities
China-owned MG challenges Japanese dominance of SE Asian auto market
BANGKOK — Cars produced under the long-established British-brand MG by a joint venture between China’s SAIC Motor and Thailand’s conglomerate Charoen Pokphand Group are racing ahead. Since its entry into the Thai auto market dominated by Japanese carmakers several years ago, MG has gradually strengthened its presence, overtaking Japan’s Suzuki Motor in terms of market share in the first nine… Continue reading China-owned MG challenges Japanese dominance of SE Asian auto market
Fiat Chrysler has started 90% of planned investments in Italy: executive
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on… Continue reading Fiat Chrysler has started 90% of planned investments in Italy: executive
Daimler Truck acquires 15 pct of Russian truck maker Kamaz
MOSCOW, Nov. 25 (Xinhua) — Daimler Truck AG, a subsidiary of German automaker Daimler AG, has acquired a 15-percent stake in Russian truck maker Kamaz.
The transaction took place on Nov. 15, according to a Kamaz statement on Monday, without elaborating.
Kamaz is Russia's top producer of heavy cargo trucks. It also manufactures a broad spectrum of other commercial vehicles, including diesel, gasoline and electric-powered buses.
Russian state-run conglomerate Rostec is Kamaz's largest shareholder. Another big owner is Avtoinvest company, which is controlled by a group of Russian business people and bankers.
@Honda: Honda Holds the World Premiere of the 5th Generation All-new Honda City, Creating a “REIMAGINE” Phenomenon that Goes Beyond any Possibilities
BANGKOK, Nov 25, 2019 – (JCN Newswire) – Honda Automobile (Thailand) Co., Ltd. officially launched the world premiere of the 5th generation all-new Honda City in Thailand, the next level of a city car that offers an unprecedented and unparalleled experience that goes beyond any possibilities. The new model’s exterior design offers an image of… Continue reading @Honda: Honda Holds the World Premiere of the 5th Generation All-new Honda City, Creating a “REIMAGINE” Phenomenon that Goes Beyond any Possibilities
‘Inadequate Safety Culture’ to Blame for Uber’s Automated Vehicle Crash
The pedestrian’s impairment at the time of the crash, coupled with crossing outside a crosswalk, contributed to the crash, as did the Arizona Department of Transportation’s insufficient oversight of automated vehicle testing, the NTSB found. Photo via NTSB/Wikimedia. The National Transportation Safety Board (NTSB) called upon federal regulators to create a review process before allowing automated test vehicles… Continue reading ‘Inadequate Safety Culture’ to Blame for Uber’s Automated Vehicle Crash
Geely Sets Up JV With German Air Taxis Start-Up After Leading Its $55M Series C1 Round
Chinese automotive company Zhejiang Geely Holding Group has led the first closing of a series C round of financing worth €50 million (US$55.16 million) in German aircraft manufacturer Volocopter, which will help the start-up realize commercial launch within the next three years. The investment took the total capital raised by Volocopter to €85 million (US$93.77… Continue reading Geely Sets Up JV With German Air Taxis Start-Up After Leading Its $55M Series C1 Round