Jan. 15, 2018 DETROIT―Jan. 15, 2018―Like molten metal being forged into a fine Japanese sword, the lines of the Lexus LF-1 Limitless concept have the potential to shape the future of a flagship luxury crossover for Lexus. Lexus established the luxury crossover segment two decades ago with the global debut of the RX 300 at… Continue reading Lexus Carves Out a New Flagship Luxury Crossover with Lexus LF-1 Limitless
Tag: Toyota
DENSO, Toshiba Digital Solutions, and Toshiba Information Systems Conclude a Capital Alliance Agreement to Enhance Development of Embedded Software for In-vehicle Products
DENSO Corporation, Toshiba Digital Solutions Corporation, and Toshiba Information Systems (Japan) Corporation have concluded a capital alliance agreement in which DENSO acquires 20% of the total number of shares issued by Toshiba Information Systems. The auto industry is changing in a way that requires ever-more complicated and advanced technologies, such as connectivity, autonomous driving, shared… Continue reading DENSO, Toshiba Digital Solutions, and Toshiba Information Systems Conclude a Capital Alliance Agreement to Enhance Development of Embedded Software for In-vehicle Products
Snows Group buys Portfield in Chichester
Snows Group has hit the acquisition trail buying Portfield in Chichester,which represents Citroën, Mazda and Peugeot (pictured) brands in the city. A Toyota franchise dealership is also being developed for the site. The deal also includes Portfield Part Exchange Centre Bognor Regis, which will become Snows’10th specialist used car outlet under the banner Too Good… Continue reading Snows Group buys Portfield in Chichester
Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
UPDATE 1-VW brand car sales hit record 6.23 mln in 2017
DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group billions of… Continue reading UPDATE 1-VW brand car sales hit record 6.23 mln in 2017
UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
DETROIT (Reuters) – Ford Motor Co (F.N) will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target… Continue reading UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
Top Automotive Industry News for Week of January 8 – January 14, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week January 8, 2018 – January 14, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 2018 Detroit Auto Show Preview: Here’s What to Expect (Car &… Continue reading Top Automotive Industry News for Week of January 8 – January 14, 2017
VW brand car sales hit 6.23 mln record in 2017
DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group billions of euros in… Continue reading VW brand car sales hit 6.23 mln record in 2017
Toyota Kicks Off Detroit Auto Show with Its ‘Walk In My Boots’ Community Outreach Program By Helping Local Families In Need
Donates Winter Boots and Socks To Homeless and Low-Income Families Enriching Lives…One Step At A Time at The Salvation Army Harbor Light/Booth Family ShelterHeld in conjunction with the 2018 North American International Auto Show January 14, 2018 DETROIT, Jan.13, 2018 – For the seventh consecutive year, while showcasing new vehicles at the North American… Continue reading Toyota Kicks Off Detroit Auto Show with Its ‘Walk In My Boots’ Community Outreach Program By Helping Local Families In Need
Fiat CEO Sees Room to Double Profit by 2022
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne, one of the longest-serving bosses in the auto industry, said the company can double profit within five years by exploiting the potential of the Jeep brand. Sergio Marchionne Photographer: Chris Ratcliffe/Bloomberg With the offroad nameplate in position to grab as much as 20 percent of the… Continue reading Fiat CEO Sees Room to Double Profit by 2022