The so-called “hard Brexit” scenario will have disastrous consequences for the British car industry, according to a study by Deloitte. The radical version of Brexit will take the UK back ten years, at the height of the financial crisis. This is the conclusion drawn by the Deloitte study, published on February 8, 2018. In its… Continue reading Deloitte anticipates the disastrous impact of Brexit on cars
Tag: People
China’s electric car startup Byton to raise up to $400m at $1.2b valuation: Report
February 8, 2018 China’s electric vehicle (EV) startup unicorn Byton is targeting to raise $300-400 million from a Chinese government investment institution at a valuation of $1.2 billion, according to a China Money Network report. The deal, which is said to be in an advanced phase of negotiation, would be the second financing received by… Continue reading China’s electric car startup Byton to raise up to $400m at $1.2b valuation: Report
Bill Ford: $11 billion investment will make profit per vehicle “remarkable” | How to avoid the steps to the sale that …
On today’s CBT Newscast for Wednesday, January 17th, 2018: Steve Stauning: How to avoid the steps to the sale that customers dislikeAs a dealership, you have salespeople who know a lot about the customer’s buying process and how to initiate it. Steve Stauning, author, contributor to CBT Magazine, and founder of SteveStauning.com, says knowing the… Continue reading Bill Ford: $11 billion investment will make profit per vehicle “remarkable” | How to avoid the steps to the sale that …
Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company
Can you begin by telling us a little about yourself?I wanted to be a designer for as long as I could remember. I didn’t realise that there were any other fields until I was a little bit older, because my dad was an architect, and my uncles were architects, so I thought that was all… Continue reading Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company
Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
German car production stalled as union calls more 24 hour strikes
Workers attend a 24-hour strike by German industrial trade union IG Metall in Berlin, German. [Photo/Agencies] FRANKFURT – Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW. The full-day walkouts were union IG Metall’s… Continue reading German car production stalled as union calls more 24 hour strikes
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh Launches its range of all-electric vehicles – e2oPlus, eVerito and eSupro in Uttar Pradesh e-Alfa Mini, Mahindra’s electric rickshaw for passenger movement, was launched in Uttar Pradesh, in September, 2017 Vehicles to be available in Lucknow, Agra and Kanpur Lucknow, February 5, 2018: Mahindra &… Continue reading Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017
First European Customers Receive Their Ford GT Supercars
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading First European Customers Receive Their Ford GT Supercars