DETROIT (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 “the PSA Group will be 100 percent electrified,” and said the French automaker will use the know-how of former Opel engineers acquired from General Motors Co (GM.N) to design vehicles for the U.S. market that would compete in GM’s home… Continue reading UPDATE 1-Peugeot CEO: All PSA vehicles will electrified by 2025
Tag: GM
Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle
Ford’s Chariot shared commuter shuttle service is expanding to its latest new market: Columbus, Ohio. The Columbus launch is in partnership with JPMorgan Chase, and initial service in the area will be specifically a shuttle for the company’s 400 Corporate Center employees located within the city. Chariot will operate daily shuttles for these employees staring… Continue reading Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle
Big portion of future GM electric vehicles for China market -exec
DETROIT, Jan 17 (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell… Continue reading Big portion of future GM electric vehicles for China market -exec
GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market
General Motors Chairman and CEO Mary Barra told analysts Tuesday GM expects to exceed its 2017 profitability in North America and China. (Photo: Steve Fecht for General Motors) General Motors expects its 2018 profit to be in line with earnings from 2017, details of which it will report Feb. 6. But the automaker will not… Continue reading GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market
Federal-Mogul Powertrain Supplies Engine Technologies for All 10 of Wards 10 Best Engines for 2018
SOUTHFIELD, Mich., Jan. 17, 2018 /PRNewswire/ — Federal-Mogul Powertrain is supplying engine technologies for all 10 of Wards 10 Best Engines for 2018 model year vehicles. Since the inception of the Wards 10 Best Engines competition 24 years ago, Federal-Mogul Powertrain has designed and manufactured leading technologies for many of the engines recognized each year as… Continue reading Federal-Mogul Powertrain Supplies Engine Technologies for All 10 of Wards 10 Best Engines for 2018
Flint plant to build new engine for Silverado pickup truck
CLOSE The 2019 Chevrolet Silverado revealed at Eastern Market in Detroit on Saturday Jan. 13, 2018. Buy Photo Alan Batey, President of General Motors North America and Chevrolet Brand Chief, talks about the 2019 Chevrolet Silverado during the reveal at Eastern Market in Detroit on Saturday Jan. 13, 2018. (Photo: Eric Seals, Detroit Free Press)Buy… Continue reading Flint plant to build new engine for Silverado pickup truck
Short-term vehicle change possible: Mercedes and BMW offer cars by subscription
All articles and backgrounds 01/17/2018 Short-term vehicle change possible Mercedes and BMW offer cars on subscription Daimler Mercedes AMG GT R Daimler Show stock market chart and BMW are trying out a new sales model: Customers should no longer just buy or lease the cars, but also rent by subscription. The reports the trade journal… Continue reading Short-term vehicle change possible: Mercedes and BMW offer cars by subscription
Ford Cutting Loose From Cars After Years of Missing Margin Goal
Ford Motor Co., the more than century-old company that was first to make cars for the masses, is calling off its pursuit of everyman sedan buyers. The company responsible for putting the world on wheels with Henry Ford’s then-innovative assembly line will pivot away from being a full-line automaker, shrinking its passenger-car lineup and shifting… Continue reading Ford Cutting Loose From Cars After Years of Missing Margin Goal
Cadillac will follow XT4 with a larger, third-row crossover in early 2019
CLOSE From sleek new sports cars to hefty trucks, the international auto show had something for everyone. USA TODAY Buy Photo A 2018 Cadillac XT5 Platinum Edition is seen on display on Tuesday, January 16, 2018 during the 2018 North American International Auto Show at Cobo Center in Detroit. (Photo: Ryan Garza, Detroit Free Press)Buy… Continue reading Cadillac will follow XT4 with a larger, third-row crossover in early 2019
Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services