Press Releases – Insufficient support for electric vehicle charging infrastructure hampers uptake, new report shows

Brussels, 12 April 2018 – A report published today by the European Environment Agency (EEA) shows that there is still serious underinvestment in electric vehicle recharging infrastructure across Europe, with only one in three EU member states providing incentives. According to the EEA report, specific incentives for electric vehicle charging points were found in only… Continue reading Press Releases – Insufficient support for electric vehicle charging infrastructure hampers uptake, new report shows

Thiel-Backed Autonomous Car Supplier Slashing Cost, Scaling Up

Luminar Technologies Inc., the self-driving sensor startup backed by billionaire Peter Thiel, is rolling out a cheaper-to-make version of its laser technology and ramping up production to supply the key component for autonomous vehicles. The startup released a new sensor platform Thursday that reduces the cost of its most expensive part from tens of thousands… Continue reading Thiel-Backed Autonomous Car Supplier Slashing Cost, Scaling Up

Minister of Transport relies on auto industry: No diesel fund, no technical retrofitting

All articles and backgrounds 04/11/2018 Minister of Transport relies on car industry No diesel fund, no technical retrofitting BMW If the new Federal Cabinet in Meseberg in Brandenburg continues its meeting today, decisions should be made in the end as well, including the tiresome question of the nitrogen oxide pollution caused by diesel cars in… Continue reading Minister of Transport relies on auto industry: No diesel fund, no technical retrofitting

Icahn to sell Federal-Mogul to Tenneco for $5.4 billion

(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal, unloading an investment he has held for nearly two decades and picking up a new stake in Tenneco. Tenneco plans to separate into two independent, publicly traded companies – one… Continue reading Icahn to sell Federal-Mogul to Tenneco for $5.4 billion

NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO

FRANKFURT, April 10 (Reuters) – Loved by investors and prepared to take on trade unions, Volkswagen brand boss Herbert Diess is likely to finally get his chance to lead Germany’s biggest carmaker which is expected to change faster under his cost-cutting style. Diess is known for squeezing more savings out of suppliers than fellow managers… Continue reading NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO

Ford really wants to succeed in India: Here's why

Pankaj Radhe, Special to the Free Press Published 6:00 a.m. ET April 6, 2018 | Updated 9:55 a.m. ET April 6, 2018 From left to right: Jim Farley, Ford executive vice president and president of Global Markets, Peter Fleet, Group vice president & president, Ford Asia Pacific with Rajan Wadhera, president, automotive sector and Pawan… Continue reading Ford really wants to succeed in India: Here's why

Ford Debuts More Upscale Focus to Trade Sales for Richer Margins

As Ford Motor Co. rolls out a redesigned version of its Focus compact car in China and Europe, it’s also debuting a strategy to be more choosy about which buyers it battles for and where. The automaker is taking the wraps off upscale grades of the car in London including the Focus Vignale, expanding the… Continue reading Ford Debuts More Upscale Focus to Trade Sales for Richer Margins

UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln

(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal that will also give him a stake in the company. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York… Continue reading UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln

Ford redesigns the Focus for a global market

This is European version of the 2019 Ford Focus ST. Ford has not said what versions of the Focus will be sold in the U.S. (Photo: Ford) Ford Motor Co. on Tuesday showcased an all-new global-platform 2019 Focus, giving hints as to what the the car will look like in the U.S. when it arrives… Continue reading Ford redesigns the Focus for a global market

Toyota’s China Crisis

The world’s biggest carmaker and the world’s biggest car market should be made for each other. So why is Toyota Motor Corp. misfiring in China? As recently as 2015, it was the No. 2 marque in the country, behind the eternally dominant Volkswagen AG.  Since then, though, sales have flatlined, while rivals have picked up… Continue reading Toyota’s China Crisis