Tuesday, 17/10/2017 09:47 clock Because of defective cables on the steering column, Mercedes-Benz wants to recall more than one million cars worldwide to the workshops. Among them are 400,000 vehicles of various series in the UK and several hundred thousand in Germany, said a Mercedes spokesman. Affected are Class A, B, C and E cars… Continue reading Mercedes-Benz calls more than a million cars
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Tag: Daimler
EU investigators also visit Daimler and VW
The allegations of antitrust-relevant collusion, the EU investigators now go directly to Daimler and VW. They examine documents of the car companies – as before at BMW. Mercedes E coupe Monday, 23.10.2017 6:00 pm Investigations by the EU Commission regarding cartel allegations against German carmakers are gaining momentum. After last week already BMW had visit… Continue reading EU investigators also visit Daimler and VW
“Unannounced exam” at BMW
In the course of the cartel allegations against the German auto industry uncovered by SPIEGEL, auditors of the EU Commission have made representations to BMW. Meanwhile, Daimler admitted that it had applied for leniency. The headquarters of the car manufacturer BMW in Munich. Friday, 20.10.2017 18:22 clock In the case of a suspected cartel against… Continue reading “Unannounced exam” at BMW
Sluggish Sales Equal Production Slowdown For Alfa Romeo, Maserati, Jeep, Fiat
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Sluggish Sales Equal Production Slowdown For Alfa Romeo, Maserati, Jeep, Fiat
19 Oct 2017, 14:42 UTC · by Mircea Panait
/ Home / News / Industry
Bad news, fans of Fiat Chrysler’s most Italian of brands! Both Alfa Romeo and Maserati are not doing great regarding sales, the reason why FCA decided to cut production for both automakers. And the reason for this slump in demand? Apparently, new Chinese import rules have hit Fiat Chrysler hard, especially the two brands.
36 photosAlthough China faced criticism in the past for being too lenient on emissions and pollution, the People’s Republic is working hard on addressing these issues. Collateral damage comes in the form of increased restrictions for automakers, mostly because China follows the model set by France and the UK, countries that will ban the sale of fossil fuel cars and SUVs by 2040.
By August 2017, China had reached its 2020 target for solar energy installation, which makes the People’s Republic the largest producer of solar energy in the world. Large-scale carbon capture plants are also on the way, with the first of a planned eight currently being built. The bottom line is, China’s government is very focused on reducing the carbon footprint.
And as a result of these policies, imported automobiles are not exactly welcome in the Middle Kingdom unless they’re hybridized or electric. Alfa Romeo and Maserati don’t have such vehicles in their lineup, and that’s the gist of it. According to Automotive News, FCA declined to comment on the matter, but the cited publication has the numbers to back up its claims.
The Levante plant in Mirafiori will shut down for two weeks between October and November, with sales in China now averaging 350 examples per month compared to more than 800 units per month in the first half of the year. Over at Alfa Romeo, the Cassino plant in Italy now builds 265 vehicles per shift instead of 300. This decision follows four Fridays that were hampered down by production stops, totaling a loss of 2,000-plus Giulias and Stelvios.
From 2,666 Stelvio units delivered in China in July, Alfa Romeo slumped to 227 examples in August. As if that wasn’t bad enough, the Fiat 500X and Jeep Renegade have both seen production reductions at the Melfi plant in Italy. From the report: “Workers at the plant have been temporarily laid off for 21 days this year, including 11 days in the third quarter. As a result, production of the two models was down 25 percent in the quarter.”
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US customers filed a class action lawsuit against German car companies on
Thursday, 07/27/2017 15:46 clock The cartel allegations against German carmakers could also have legal consequences in the USA. Throw three customers Volkswagen . Daimler and BMW to have violated US competition law, among other things with illegal agreements on prices and exhaust technology. The corresponding Complaint behind which the law firm Robins Kaplan stands ,… Continue reading US customers filed a class action lawsuit against German car companies
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LeEco Founder Jia Yueting Sells Stake In US EV Firm Lucid Motors
Amidst an ongoing liquidity crisis, the founder of Chinese tech conglomerate LeEco has sold his stake in Menlo Park, California-based electric vehicle company Lucid Motors. Jia Yueting, who once dreamed of creating a Chinese tech juggernaut combining the attributes of Netflix, Apple and Tesla, revealed the news of his divestment last week during an especially… Continue reading LeEco Founder Jia Yueting Sells Stake In US EV Firm Lucid Motors
1st year of Taxify South Africa
Taxify recently celebrated its 1st birthday in South Africa after launching back in 2016! Over this short period, Taxify has had a great impact on the way they have been moving riders across the country. What happened within the first year: Taxify Expanded to 3 of South Africa’s biggest cities within 6 months of launch.… Continue reading 1st year of Taxify South Africa
Fiat Chrysler participates in Alliance for robot cars
Wednesday, 08/16/2017 13:26 clock Fiat Chrysler wants to work with you in the future BMW and the US chip specialist Intel Assistance Systems for self-driving cars develop. The Italian-American concern with brands such as Fiat, Chrysler, Jeep and Alfa Romeo joins for it as the first automaker of the alliance founded last year, as the… Continue reading Fiat Chrysler participates in Alliance for
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BAIC’s Electric Vehicle Unit Raises $1.6B In Series B Round
Chinese car maker Beijing Automotive Group’s (BAIC Group) electric vehicle business unit, BAIC BJEV, has raised a RMB11.1 billion (US$1.6 billion) series B round from 14 investors, including state-owned enterprises China Cinda Asset Management Co., Ltd. and Zhongji Investment, a firm co-founded by the Hebei provincial government. The round values BJEV at RMB28 billion (US$4.2… Continue reading BAIC’s Electric Vehicle Unit Raises $1.6B In Series B Round
China Fines For Foreign Automakers Raise Regulatory Risks
Investigations by China’s National Development and Reform Commission (NDRC) into anti-competitive behavior in the autos sector have raised regulatory uncertainty and risk for international car makers, says credit rating agency Fitch Ratings. The potential fines likely to be levied are not expected to have a material impact on corporate stability. However, it is unclear whether… Continue reading China Fines For Foreign Automakers Raise Regulatory Risks