(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
Tag: Ford
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
Tesla Model 3 Dual-Motor Coming In “Probably July” 2018
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NOW REPORTING: 2018 New York Auto Show
More on this:1 Tesla Model 3 Is the Best Selling Electrified Car in the U.S.2 Tesla Is Very Likely to Miss Its Model 3 Production Target for the End of Q13 Tesla Model 3 Vs. Chevrolet Bolt Drag Race Is Here to End Discussions4 Not All Tesla Model 3 Owners Are Happy with Their Cars on Closer Inspection5 Ford's Innovation Center in Dearborn Is Busy “Innovating” a Tesla Model 3
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Tesla Model 3 Dual-Motor Coming In “Probably July” 2018
8 Apr 2018, 14:37 UTC · by Mircea Panait
/ Home / News / Car Profile
When asked about Tesla Model 3 Dual-Motor availability, Elon Musk replied on Twitter to a fellow user that “probably July” is when the all-wheel-drive option will be added to the automaker’s configurator. That’s the seventh month of 2018, which is later than the initial announcement of “Spring 2018” for the Dual-Motor.
16 photosDespite this information, Tesla has registered the first VINs for the dual-motor configuration in January 2018. In all likelihood, the Palo Alto-based automaker is getting its act together in terms of production difficulties, namely production output.
According to Elon Musk, the company needs to achieve 5,000 units per week “before adding complexity that would inhibit production ramp.” In other words, a lot of people are still waiting for their Model 3s, and shareholders aren’t happy with Tesla’s overpromising but underperforming nature. Something has to give, right?
On the flip side, the Model 3 is the best-selling electrified car in the United States of America in the first three months of the year. An estimated 8,180 examples were delivered in this quarter, which is more than the Toyota Prius Prime (6,468) and Chevrolet Bolt (4,375). The second-generation Nissan Leaf compact hatchback is still fighting for a piece of the pie, moving 2,545 units in the three-month period.
The latter half of 2018 will see Tesla start international deliveries of left-hand drive Model 3s. Come 2019, right-hand drive cars will begin rolling off the assembly line for markets that include the United Kingdom, Ireland, Malta, Cyprus, and Australia.
What’s next for Tesla after the Model 3? The Model Y compact-ish crossover holds the greatest promise, scheduled for production in late 2019 for the 2020 model year. Production plans, including the location where the Y will be manufactured, will be revealed no later than October 2018.
An electric pickup truck, semi, and the second-generation Roadster are also in the pipeline, but expect more information on those after Tesla fulfills its promises regarding the Model 3.
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Yet to turn a profit, Ford won't give up on India
Pankaj Radhe, Special to the Detroit Free Press Published 12:41 p.m. ET April 8, 2018 CLOSE Ford is going to import the EcoSport from India. It will be the brand’s smallest SUV vehicle and DJ Khaled was on hand to unveil the vehicle in advance of the Los Angeles Auto Show. Robert Hanashiro, USA TODAY… Continue reading Yet to turn a profit, Ford won't give up on India
UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference… Continue reading UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes