STOCKHOLM (Reuters) – Geely-owned automaker Volvo Car Group reported a rise in quarterly operating earnings on Friday, on growth in the Chinese and U.S. markets and forecast higher sales, but also steeper spending, in the year ahead. The logo of Volvo is seen on the front grill of a Volvo XC40 SUV displayed at a… Continue reading Geely’s Volvo Cars posts 3.6 percent profit rise in the first quarter
Tag: Ford
Bollinger to Bring Its B1 All-Electric Sport Utility Truck to Production in 2019
Over 12,000 people have already preordered the truck. via Bollinger Bollinger Motors has been one of the most interesting players in the electrification market since it first announced the all-electric B1. Without taking the flashy approach that many modern manufacturers are going with their iterations of EVs, Bollinger was able to produce a functional and… Continue reading Bollinger to Bring Its B1 All-Electric Sport Utility Truck to Production in 2019
Lotus SUV will put brand in ‘more luxury’ market
The forthcoming Lotus SUV is set to position the Norfolk-based sports car brand as a more luxury car maker than previously – and could be the first in a series of crossover machines from the firm. The project was one of the first signed off by Chinese company Geely after it bought the British firm last year. As previously revealed by… Continue reading Lotus SUV will put brand in ‘more luxury’ market
Fiat Chrysler Automobiles on course to cancel debt this year
Industry by Sam Sheehan, Autocar UK Apr 27, 2018 The Alfa Romeo Stelvio is one of FCA’s best-selling cars Fiat Chrysler Automobiles could clear all debts this year if its efficiency-boosting measures continue to have the same effect. The Italian-American carmaker announced in its first-quarter financial report that it had reduced current debt to €1.3 billion (£1.1bn) (Rs… Continue reading Fiat Chrysler Automobiles on course to cancel debt this year
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following: First quarter: Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Toyota to invest $170 mln in Mississippi plant, create 400 jobs
DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs
Ford: We won’t abandon affordable, entry-level vehicles
Ford says U.S. consumers no longer want sedans. Jim Farley, Ford president of global markets, told The Detroit News on Thursday that doesn’t mean the Blue Oval won’t have affordable, fuel-efficient options. (Photo: Justin Sullivan / Getty Images) Some dealers are concerned that Ford Motor Co.’s decision to cut back its lineup of sedans and… Continue reading Ford: We won’t abandon affordable, entry-level vehicles
Ford Is About to Abandon American Sedans
The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely. Henry Ford and the… Continue reading Ford Is About to Abandon American Sedans
Ford fined $7.6 million by Australian court for mishandling PowerShift complaints
Rod McGuirk, Associated Press Published 8:26 a.m. ET April 26, 2018 | Updated 8:31 a.m. ET April 26, 2018 In this May 23, 2013, file photo, a banner is displayed at a Ford dealership in Sydney. Ford Motor Co.’s Australian subsidiary was fined 10 million Australian dollars ($7.6 million) by an Australian court on Thursday,… Continue reading Ford fined $7.6 million by Australian court for mishandling PowerShift complaints
UPDATE 4-GM results dented by pickup truck changeover
DETROIT (Reuters) – General Motors Co (GM.N) on Thursday reported better-than-expected first-quarter earnings despite a drop in production of high-margin pickup trucks as it gears up for new models, but investors disappointed by the automaker’s lower pre-tax profit sent its shares down more than 2 percent. FILE PHOTO: The GM logo is seen at the… Continue reading UPDATE 4-GM results dented by pickup truck changeover