(Reuters) – Canada’s auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants. In contrast, light truck… Continue reading Canada auto sales fall marginally in May
Tag: Ford
UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
Ford India sales up 11% to 26,188 units in May
NEW DELHI: Ford India has reported 11.42 per cent rise in total sales at 26,188 units in May against 23,503 units in the same month last year. The company said its domestic sales stood at 9,069 units last month as against 6,742 units in May 2017, up 34.51 per cent. Exports grew to 17,119 units… Continue reading Ford India sales up 11% to 26,188 units in May
UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar
(Reuters) – Japan’s SoftBank Group Corp (9984.T) will invest $2.25 billion in General Motors Co’s (GM.N) autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up nearly 13 percent. The move by SoftBank’s $100-billion Vision Fund is one of… Continue reading UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar
Trump moves to impose tariffs on imported cars
Gregory Korte and Todd Spangler, USA Today and Detroit Free Press Published 10:34 a.m. ET May 23, 2018 | Updated 10:32 p.m. ET May 23, 2018 President Donald Trump speaks during a meeting with automotive executives in the Roosevelt Room of the White House, Friday, May 11, 2018, in Washington. From left, Environmental Protection Agency… Continue reading Trump moves to impose tariffs on imported cars
Taking Getaround for a spin: Can the Airbnb model work for renting your neighbor’s car?
Using a smartphone app, I was able to rent someone’s car in Seattle — this nice 2008 Nissan Rogue — and drive it around for a few hours thanks to a new service in town called Getaround. (GeekWire photo / Kurt Schlosser) Over the past decade, we’ve been conditioned to be comfortable with the notion of… Continue reading Taking Getaround for a spin: Can the Airbnb model work for renting your neighbor’s car?
Active On-Demand Helped Ford Motor Company Deliver Mission Critical Component to Resume Production of Best …
BELLEVILLE, Mich., May 31, 2018 /PRNewswire/ — Active On-Demand, a Roadrunner Transportation Systems company, is proud to be a mission critical air and ground transportation solutions supplier to Ford Motor Company. After a recent fire disrupted vehicle production for a number of auto manufacturers, Active On-Demand worked closely with Ford to provide logistics expertise to… Continue reading Active On-Demand Helped Ford Motor Company Deliver Mission Critical Component to Resume Production of Best …
Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000
LISTEN TO ARTICLE SHARE THIS ARTICLE Frank Ursomarso thinks the Trump administration is merely jawboning by floating potential tariffs of as much as 25 percent on imported autos. If the longtime dealer is wrong, he expects to be selling fewer cars. Take some of the cheaper sedans Ursomarso sells at Union Park BMW in Wilmington,… Continue reading Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000
Scoot adds a bike sharing service as it expands to Barcelona
Scoot Scoot is getting into bicycles. The company known in San Francisco for its red electric scooters populated by riders with lightning bolt-emblazoned black helmets is adding bikes to its lineup. But not in San Francisco. Instead, the company is opening its first international location in Barcelona where it’ll drop 1,000 electric bikes and 500… Continue reading Scoot adds a bike sharing service as it expands to Barcelona
Fiat Chrysler investors want electric road map in CEO’s swan song
MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song