Tag: Ford

China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results

WUHAN, China, March 28, 2019 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2018. Fourth Quarter 2018 Highlights Net sales were… Continue reading China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results

VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck

A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse HANNOVER (Reuters) – Volkswagen has signed a deal to develop a pick-up truck with U.S. rival Ford and may extend its alliance to include autonomous driving and mobility services, the… Continue reading VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck

Speed Limiters and Built-In Breathalyzers May Soon Be Mandatory in All EU Cars

New safety features for cars, including speed-limiting technology, are likely to be mandated in Europe after lawmakers and European Union countries reached a deal Tuesday. So-called intelligent speed assistance (ISA) technology is already found in some high-end vehicles from manufacturers such as Ford and Honda, but the plan is to ensure it’s rolled out more… Continue reading Speed Limiters and Built-In Breathalyzers May Soon Be Mandatory in All EU Cars

UPDATE 3-Ford to leave Russian car market, cede control in joint venture

MOSCOW (Reuters) – Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million. FILE PHOTO: Employees make a final check of a Ford Focus at a Ford Sollers, U.S. carmaker… Continue reading UPDATE 3-Ford to leave Russian car market, cede control in joint venture

Ford Restructures Russian Joint Venture to Grow Commercial Vehicle Business; Exiting Passenger Vehicle Market in Russia

Supporting Ford’s global redesign strategy to strengthen its leadership in commercial vehicles and growth in Europe, Ford and its partner, Sollers PJSC, confirm the restructuring of their Russian joint venture A restructured Ford Sollers will build on Ford Transit strength as Russia’s top-selling, non-domestic commercial vehicle nameplate and maintains a strong brand presence in the… Continue reading Ford Restructures Russian Joint Venture to Grow Commercial Vehicle Business; Exiting Passenger Vehicle Market in Russia

Great Wall, Ford hitch up to burgeoning Chinese demand for pickup trucks

BEIJING (Reuters) – Grey Liu bought his third vehicle four months ago – a Foton pickup truck, lured by its $7,000 price tag and its ability to transport his sports motorcycle to the grasslands of northern China where he likes to ride. A worker closes the back of a Toyota Tundra pickup truck at Pickup… Continue reading Great Wall, Ford hitch up to burgeoning Chinese demand for pickup trucks

South America resists electric vehicles as local fuels remain in favor

SAO BERNARDO DO CAMPO, Brazil (Reuters) – Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America’s protected auto market is likely to resist a broader global move toward electric vehicles for years to come. FILE PHOTO: A man… Continue reading South America resists electric vehicles as local fuels remain in favor

Volvo Cars issues new EUR bond

VOLVO CAR AB STOCK EXCHANGE RELEASE 26 March 2019 at 17:20 CET   Volvo Cars issues new EUR bond   Volvo Cars has today successfully issued a EUR 600m bond under its Euro Medium Term Note programme. The bond matures in April 2024 and pays a fixed coupon of 2.125%. The issue price was 99.625,… Continue reading Volvo Cars issues new EUR bond

Ford to launch mild-hybrid Fiesta and Focus in 2020

Ford will launch mild-hybrid versions of the Fiesta and Focus in 2020, as part of the start of a “significant” electrification programme. The two models will be launched at an event next week alongside mild-hybrid versions of its Transit van and Tourneo people mover. Ford also says it will reveal “significant electrification, commercial vehicle and… Continue reading Ford to launch mild-hybrid Fiesta and Focus in 2020