Nanterre, October 30, 2017APPOINTMENT OF NEW BOARD MEMBERSEffective immediately, the Faurecia Board of Directors has agreed to appoint Valérie Landon as a new Board member. Ms Landon replaces Amparo Moraleda, following her decision to leave the Faurecia Board.Faurecia’s Board of Directors also acknowledged the appointment of two new members, who will represent Faurecia employees, effective… Continue reading FAURECIA : APPOINTMENT OF NEW BOARD MEMBERS
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Tokai University Solar Car Team Supported by Panasonic Completes the 3,000km “Bridgestone World Solar Challenge 2017”
Adelaide, Australia – The solar car race, “Bridgestone World Solar Challenge (WSC) 2017,” began in Australia on October 8, 2017, and the Tokai University Solar Car Team powered by Panasonic’s “HIT(TM)” solar modules and high capacity lithium-ion batteries crossed the finish line in fourth place. (Top class results among teams using silicon solar modules. *Please… Continue reading Tokai University Solar Car Team Supported by Panasonic Completes the 3,000km “Bridgestone World Solar Challenge 2017”
FAURECIA : Strong organic* growth at +10.7% in Q3 ; Increased outperformance vs. automotive production of 870bps in Q3 ; FY 2017 guidance confirmed
www.faurecia.com.A conference call for financial analysts and media will be held today at 6:30 pm (Paris time). It can also be followed on the Faurecia website (www.faurecia.com)Dial in numbers for the conference call:· France +33(0)1 76 77 22 28· UK +44(0)20 3427 0503· USA +1 646 254 3367Access code: 9333749CalendarJanuary 7-12, 2018: First… Continue reading FAURECIA : Strong organic* growth at +10.7% in Q3 ; Increased outperformance vs. automotive production of 870bps in Q3 ; FY 2017 guidance confirmed
“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
Maserati Cuts Production for a Month Due to Lack of Demand
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Maserati Cuts Production for a Month Due to Lack of Demand
19 Dec 2017, 20:18 UTC · by Mihnea Radu
/ Home / News / Car Profile
While most car manufacturers are talking about all-time high sales and employee bonuses for 2017, Maserati's people will be taking a month-long siesta.
5 photosMore specifically, the Ghibli and Quattroporte sedans will stop being made between December 15 to January 15. Meanwhile, the Levante, which is doing slightly better, will be out of production from December 20 to January 15. And as for the GranTurismo and GranCabrio, they will be out from December 15 to January 8th, according to Automotive New Europe.
“It is clear that production is slowing down and investment in new models are on hold,” union boss Federico Bellono told the publication.
On paper at least, adding an SUV to the roster seemed like the perfect solution to Maserati's slow sales. However, competition is harsher than ever, and the V6 engine just couldn't do a good enough job to hide the Levante's flaws.
About a year after the Quattroporte was launched, it because clear that Maserati was going to continue struggling, as production was slowed. In 2017 alone, the automaker shut down the line on two other occasions.
Problems with the Chinese economy are mostly to blame now. However, the country, which is now the world's largest producer of solar energy, has also become unwelcoming for gas guzzling cars. Meanwhile, the Levante PHEV is nowhere to be seen.
It's important to understand just how small the Trident brand is right now. Back in April, it delivered its 100,000 cars. So there are fewer Maseratis in the world then there are W222 Mercedes S-Class sedans.
In 2016, Maserati's sales volume in China broke 12,000, which marks an increase of 120 times over the 100 sales made in 2004, the company's first year operating there. Today, Maserati has around 30,000 customers in China, 38 percent of whom are women. So there's still room to grow. But we're not sure the new coupe models being planned are what people want.
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MASERATI models:MASERATI Ghibli GranLusso LuxuryMASERATI GranCabrio Roadster & ConvertibleMASERATI GranTurismo CoupeMASERATI Ghibli LuxuryMASERATI Quattroporte VI LuxuryAll MASERATI models
2018 Lamborghini Urus Partially Revealed On The Assembly Line
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2018 Lamborghini Urus Partially Revealed On The Assembly Line
18 Oct 2017, 11:46 UTC · by Mircea Panait
/ Home / News / Car Profile
The House of the Raging Bull is proud of its ongoing strategic investment program, which sees the Sant’Agata Bolognese facility expand from 80,000 to 160,000 square meters. Without beating around the bush, most of the money was poured into an all-new factory, which will handle production of the Urus.
17 photosIn fact, pilot production is already underway, with the following video teasing many bits and bobs of the “Super SUV” that will likely take the Nurburgring record from the Alfa Romeo Stelvio Quadrifoglio. And the bottom line is, Lamborghini intends to double its production output to 7,000 vehicles per year.
Other than the all-new assembly line, finishing department, and office building, the investment also brings worth an all-new test track with thirteen different surfaces specific to sport utility vehicles. Dubbed Manifattura Lamborghini, the Urus-building factory and its annexes were completed in 18 months. And as expected, the facility relies heavily on robots and automation.
The line that handles Urus production is called Industry 4.0 and is dedicated to the SUV that shares its underpinnings with the Audi Q7, Porsche Cayenne, and Bentley Bentayga. From the video of the Manifattura Lamborghini, it’s easy to spot at least three unfinished Urus vehicles. The one on the assembly line features carbon ceramic brakes, which is a must in a hefty sport utility vehicle.
The clip further treats us to the design of the five-spoke alloy wheels and the 4.0-liter twin-turbo V8 developed by Porsche, as well as the side profile and front fascia of the Urus. It’s no LM002, but according to Lamborghini, the technology built into the Urus makes it properly capable in off-road scenarios.
Packing at least 650 horsepower and mated to an 8-speed automatic transmission, the Urus will be followed by a plug-in hybrid model in the near future. As a brief refresher, the Italian automaker will take the veils off the all-new SUV on December 4 at the Sant’Agata Bolognese site.
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LAMBORGHINI models:LAMBORGHINI Urus Medium SUVLAMBORGHINI Aventador S Roadster ExoticLAMBORGHINI Huracan Performante ExoticLAMBORGHINI Huracan LP 580-2 Spyder (RWD) ExoticLAMBORGHINI Huracan LP 580-2 (RWD) ExoticAll LAMBORGHINI models
2019 Subaru Ascent Production Will Create New Jobs At Indiana Plant
19 cup holders, seating for eight, and the platform from the Impreza. The Ascent is the next big thing for Subaru, and as the automaker prepares to roll out the mid-size crossover next year, the Lafayette plant will benefit from a $140 million investment to support production of the newcomer.
As part of those $140 million, the Indiana-based plant will grow … (continue reading >>)
Toyota-Mazda Shared Plant To Crop Up In Alabama Or North Carolina
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Toyota-Mazda Shared Plant To Crop Up In Alabama Or North Carolina
15 Nov 2017, 14:32 UTC · by Mircea Panait
/ Home / News / Industry
Building and selling cars is big business. And in addition to big, it’s complicated business for one too many reasons, chief among which is legislation. In the U.S., for example, it’s easier for foreign automakers to build cars locally because the state will offer incentives. This, in turn, creates jobs, and the pricing advantage over imports is nothing to scoff at.
9 photos Toyota and Mazda find themselves in this situation, with the two announcing that they’re planning on spending $1.6 billion on a plant in the United States that will create 4,000 jobs. The factory would be operational by 2021, but there’s a catch with this promise. And that catch is, Toyota and Mazda have refused to spell out the location where the plant will be.
The background story originates with Donald Trump, who attacked Toyota with a “big border tax” over the automaker’s plan to construct a factory in Guanajuato, Mexico. There, Toyota would’ve produced the Corolla, but once President Trump got in on the action, the Japanese automaker decided that it would be better to build the Tacoma in Mexico.
Trump’s attack wasn’t in vain, for the POTUS convinced Toyota to relegate Corolla production to the United States, at the factory this story is about. Mazda joined Toyota in its ambitious plan, with Mazda announcing that it'll build “new crossover vehicles” at the yet-to-be-constructed plant.
According to Bloomberg, the search for a location for the Toyota-Mazda plant has been narrowed to two states: Alabama and North Carolina. All that’s left to do now is for state officials to sweeten the deal, with Toyota-Mazda expected to take the better offer as far as incentives are concerned.
Whichever state wins, the shared factory is actually a victory for the Trump administration. After all, it is “the first new auto assembly plant to be announced during the tenure of President Donald Trump,” and that’s good news considering Ford will source the next-generation Focus from China.
Editor's note:
Mazda2 Sedan-based Scion iA pictured.
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2018 Ford Expedition Starts Production At Kentucky Truck Plant
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2018 Ford Expedition Starts Production At Kentucky Truck Plant
30 Oct 2017, 16:54 UTC · by Mircea Panait
/ Home / News / Car Profile
Following an investment of $900 million, the Kentucky Truck Plant is capable of churning out the all-new Ford Expedition and Lincoln Navigator. After the luxed-up Navigator started production on September 25, the Expedition followed suit. One of the first customers of the full-size SUV is Houston pastor Develron Walker (pictured), who received his 2018 Expedition as a gift from FoMoCo.
26 photosWhy’s that? Hurricane Harvey took its toll on Develron’s church and community, as well as his previous car. Walker argues the church was denied both government assistance and a small business loan, despite the fact the pastor and his congregation helped 200 families following the storm. And that, ladies and gentlemen, is the narrative behind Ford’s generous benefaction.
“Even while facing extremely tough circumstances, Pastor Walker has shown his relentless commitment to helping those in his community, and we hope the Expedition will help him go further with his ministry as they rebuild,” declared Joe Hinrichs, the Dearborn-based automaker’s president of global operations.
Just like the previous Expedition, the 2018 Expedition is propelled by a 3.5-liter twin-turbo V6. The EcoBoost engine is rated at 375 horsepower and 470 pound-feet of torque, but there’s a more powerful tune available. Reserved for the Platinum trim level, the more potent EcoBoost develops 400 ponies and 480 pound-feet. Regardless of trim level and drivetrain specification, the newcomer relies on a 10-speed automatic transmission co-developed with GM.
Arriving at dealerships in the coming weeks, the 2018 Ford Expedition is expected to boast best-in-class mileage. What’s for certain, however, is that the redesigned Expedition is the best of its class in terms of towing, being capable of trailering 9,300 pounds (4,218 kilograms). Pricing kicks off at $51,695 for the Expedition XLT. The slightly longer XLT Max will set you back $54,385. At the other end of the spectrum, the 2018 Ford Expedition Platinum Max retails at $75,400.
Those interested in the 2018 Lincoln Navigator, well, the full-sized luxobarge is considerably more expensive. The base model starts at $72,055 while the Black Label retails at $93,705.
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FORD models:FORD Explorer Large SUVFORD Edge ST Medium SUVFORD Mustang Convertible Roadster & ConvertibleFORD Fiesta 5 doors SmallFORD Fiesta 3 doors SmallAll FORD models
Continued growth in asset finance
6 October 2017
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 3% in August, compared with the same month last year.
The plant and machinery finance sector reported new business up in August by 4% compared with the same month in 2016, while new finance for business equipment was up by 8% over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The asset finance industry has reported solid new business growth so far in 2017. Growth in asset finance provided to manufacturers has been particularly robust, with new business for production and processing plant up by more than 40% in the first eight months of 2017.”
Aug 2017
% change on prev. year
3 months to Aug
2017
% change on prev. year
12 months to Aug
2017
% change on prev. year
Total FLA asset finance (£m)
2,204
+3
7,957
+6
31,803
+6
Total excluding high value (£m)
2,163
+4
7,726
+10
30,643
+7
Data Extracts:
By asset:
Plant and machinery finance (£m)
502
+4
1,773
+21
6,546
+14
Commercial vehicle finance (£m)
513
-7
1,771
+1
7,479
+2
IT equipment finance (£m)
171
-3
595
+3
2,224
-2
Business equipment finance (£m)
187
+8
694
+10
2,567
+14
Car finance (£m)
613
+10
2,452
+9
9,842
+7
Aircraft, ships and rolling stock finance (£m)
7
-76
27
-82
611
+12
By channel:
Direct finance (£m)
1,108
+2
4,041
+9
15,571
+6
Broker-introduced finance (£m)
453
+7
1,385
+7
5,744
+16
Sales finance (£m)
602
+7
2,300
+12
9,327
+6
By product:
Finance leasing (£m)
272
0
989
+5
4,018
-2
Operating leasing (£m)
470
+4
1,687
+9
7,107
+8
Lease/Hire purchase (£m)
1,194
+3
4,201
+7
16,618
+9
Other finance (£m)
268
+4
1,080
0
4,059
+3
Note to editors:
In 2016, FLA members provided £118 billion of new finance to UK businesses and households. £30 billion of finance was provided to businesses and the public sector. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2016.For media enquiries, please contact the FLA press office on 020 7420 9656.