Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle

Ford’s Chariot shared commuter shuttle service is expanding to its latest new market: Columbus, Ohio. The Columbus launch is in partnership with JPMorgan Chase, and initial service in the area will be specifically a shuttle for the company’s 400 Corporate Center employees located within the city. Chariot will operate daily shuttles for these employees staring… Continue reading Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle

Ghosn lays groundwork for withdrawal as Renault CEO

PARIS (Reuters) – Renault-Nissan (RENA.PA)(7201.T) is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker. Ghosn, who heads of the Renault-Nissan alliance that also includes Mitsubishi Motors (7211.T), had already stepped back from… Continue reading Ghosn lays groundwork for withdrawal as Renault CEO

GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market

General Motors Chairman and CEO Mary Barra told analysts Tuesday GM expects to exceed its 2017 profitability in North America and China. (Photo: Steve Fecht for General Motors) General Motors expects its 2018 profit to be in line with earnings from 2017, details of which it will report Feb. 6. But the automaker  will not… Continue reading GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market

Federal-Mogul Powertrain Supplies Engine Technologies for All 10 of Wards 10 Best Engines for 2018

SOUTHFIELD, Mich., Jan. 17, 2018 /PRNewswire/ — Federal-Mogul Powertrain is supplying engine technologies for all 10 of Wards 10 Best Engines for 2018 model year vehicles. Since the inception of the Wards 10 Best Engines competition 24 years ago, Federal-Mogul Powertrain has designed and manufactured leading technologies for many of the engines recognized each year as… Continue reading Federal-Mogul Powertrain Supplies Engine Technologies for All 10 of Wards 10 Best Engines for 2018

News Release – Magna Debuts Active Air Dam on 2019 Ram Pickup

Industry-first high-volume active air dam Redirects airflow to reduce drag and improve fuel economy Smart actuators deploy the system automatically DETROIT, MI, Jan. 17, 2018 /PRNewswire/ – Magna showed its growing range of active aerodynamic systems at the North American International Auto Show in Detroit, with an active air dam launching on the 2019 Ram… Continue reading News Release – Magna Debuts Active Air Dam on 2019 Ram Pickup

Ghosn Hints He May Leave CEO Role at French Carmaker Renault

Carlos Ghosn opened the door to stepping down as chief executive officer of Renault SA, as the longtime car-industry boss focuses on the Franco-Japanese alliance he built with Nissan Motor Co. and Mitsubishi Motors Corp. Ghosn, who handed over the CEO reins at Nissan last year, retains leadership posts at all three manufacturers while heading… Continue reading Ghosn Hints He May Leave CEO Role at French Carmaker Renault

Magneti Marelli to showcase its latest technology and innovation in electronics, lighting and autonomous vehicles at the North American International Auto Show in Detroit

Magneti Marelli to showcase its latest technology and innovation in electronics, lighting and autonomous vehicles at the North American International Auto Show in Detroit ·       Integrated sensors, cameras, radar and LiDAR in headlamps and tail lamps ·       Live sensor fusion demo available through “ride and drive” experience ·       In-booth networking reception on Industry Preview Days… Continue reading Magneti Marelli to showcase its latest technology and innovation in electronics, lighting and autonomous vehicles at the North American International Auto Show in Detroit

Dana Incorporated Announces Strong Preliminary 2017 Financial Results and Guidance for 2018, Increased Outlook for 2019, $800 Million of Sales Backlog, and Increase to Quarterly Dividend

MAUMEE, Ohio, Jan. 17, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced strong preliminary financial results for 2017 and guidance for 2018.  Preliminary sales and adjusted EBITDA for 2017 are in line with the company’s previous guidance.  The 2018 guidance reflects significant sales, earnings, and cash flow growth.  The increased outlook for 2019 represents a… Continue reading Dana Incorporated Announces Strong Preliminary 2017 Financial Results and Guidance for 2018, Increased Outlook for 2019, $800 Million of Sales Backlog, and Increase to Quarterly Dividend

Welsh Government purchases three per cent stake in TVR

TVR has gained a minority shareholder in the form of the Welsh government, which now owns three per cent of the revived British sports car manufacturer. Accounts filed at Companies House last month revealed that the Welsh government has spent £500,000 on acquiring the three per cent stake in TVR, with the Welsh taxpayer providing… Continue reading Welsh Government purchases three per cent stake in TVR