(Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. Washington said on Wednesday it will open a so-called Section… Continue reading Car imports probe gives GM, Ford shares tiny lift
Tag: Daimler
Apple, Spurned by Others, Signs Deal With Volkswagen for Driverless Cars
Two former Apple employees also recalled how their colleagues built a model of a sport-utility vehicle with four seats facing each other, which some employees tested by sitting inside, similar to a design Mercedes advertised in 2015. As recently as 2016, Apple planned to spend hundreds of millions of dollars to build research and development… Continue reading Apple, Spurned by Others, Signs Deal With Volkswagen for Driverless Cars
Flight of the Valkyries.
The serially loss-making Aston Martin Holdings Ltd. is purring again. At least, that’s the conclusion you might draw from the few financial figures the luxury carmaker hands out to journalists each quarter. Revenue jumped by half last year thanks to swish new models such as the DB11. The private-equity and Kuwaiti-owned company’s 87 million pounds ($116 million) of… Continue reading Flight of the Valkyries.
Car manufacturers penalized by rising steel prices
Peter laughing, John crying. If the spectacular rise in steel prices over the last two years (nearly 70%) is pleasing to the giants of the steel industry, it is not doing the car manufacturers’ business. Last year, the rise in material costs (and other external costs) weighed 358 million euros on the results of the… Continue reading Car manufacturers penalized by rising steel prices
Tesla Model 3 registrations zip past rivals in California
(Reuters) – Tesla Inc’s Model 3 sedan recorded more registrations in California than its class rivals BMW 3-Series and Mercedes C-Class in the first quarter, according to a report by the California New Car Dealers Association (CNCDA). Model 3 registrations totaled 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes… Continue reading Tesla Model 3 registrations zip past rivals in California
Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China
YANCHENG, China, May 23, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today inaugurated a facility in Yancheng, China, that will manufacture thermal-management products for conventional and new-energy vehicles. Dana repurposed an 8,000 square-meter (86,000 square-foot) plant with an investment of CNY105 million (US$16.7 million), making it the company’s 16th facility in China and the second in… Continue reading Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China
WiBLE will replace its Kia Niro fleet with 100% electric vehicles in two years
Posted 05/23/2018 11: 39: 01CET MADRID, May 23 (EUROPA PRESS) – WiBLE, the car sharing service of Kia and Repsol that will operate in Madrid from June for 0.24 euros per minute, will replace its fleet of 500 Kia Niro with 100% electric vehicles in two years. The CEO of WiBLE, Javier Martínez Ríos, assured… Continue reading WiBLE will replace its Kia Niro fleet with 100% electric vehicles in two years
Israel’s defense expertise drives tech boom for autonomous cars
SHFAYIM, Israel (Reuters) – Technology that has helped Israel’s military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars. FILE PHOTO: The logo Israeli driverless technology firm Mobileye is seen on the building of their offices in Jerusalem March 13, 2017. REUTERS/Ronen Zvulun/File… Continue reading Israel’s defense expertise drives tech boom for autonomous cars
BP Invests In StoreDot – Firm Promises Charging As Quick As Fueling
5 M BY MARK KANE BP Ventures, the investment arm of the oil major BP, invested $20 million in Israeli-based StoreDot, which promises batteries capable of ultra-fast charging in 5-minutes. StoreDot has been hinting at its breakthrough batteries for several years now (see news from 2015 and from 2017), and finally this year is securing… Continue reading BP Invests In StoreDot – Firm Promises Charging As Quick As Fueling
Third-generation Tesla Supercharger to double existing UK charger capacity
Tesla will reveal its third generation of the Supercharger later this summer, CEO Elon Musk has revealed. The current Supercharger charges at a capacity of 120kW and the next-gen version is likely to double this, given Musk’s previous comments. While the second-gen Supercharger is currently the UK’s fastest, charge point provider Pod Point announced in February… Continue reading Third-generation Tesla Supercharger to double existing UK charger capacity