May 10, 2018 Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in… Continue reading China’s Geely said to pick Citi, others for Volvo Cars IPO
Tag: Tesla
Audi invests heavily in 20 electrified cars by 2025
At its annual meeting Wednesday, Audi announced an ambitious plan to build 20 new electrified cars by 2025, most of them battery electrics,. The company says it will invest $47.6 billion (€40 billion) into these electrified cars, a new app platform for its cars, a new fleet of autonomous vehicles to be launched in 2021,… Continue reading Audi invests heavily in 20 electrified cars by 2025
Volvo Trucks introduces an EV just for hauling garbage
Volvo Trucks Volvo Trucks has joined the short list of automakers to introduce an EV bigger than a consumer car, but the Swedish company’s new vehicle is special: It’s a garbage truck. The Volvo FE Electric is built to haul up to 27 tonnes of cargo across urban environments, and like all electric vehicles, it… Continue reading Volvo Trucks introduces an EV just for hauling garbage
Mercedes shows off its EQC electric SUV prototype
Daimler Mercedes really, really wants you to know that its EQ electric cars will soon become a practical reality. The automaker has shown off heavily camouflaged prototypes of its EQC SUV with word that the production model is on track to launch in 2019. Test mules already endured “tough” winter conditions in northern Sweden between… Continue reading Mercedes shows off its EQC electric SUV prototype
Uber says its self-driving cars could return in ‘next few months’
Uber CEO Dara Khosrowshahi spoke briefly of what’s been going in the world of Uber’s self-driving cars in light of the fatal accident in Tempe, Arizona in March. At Uber Elevate today in Los Angeles, Khosrowshahi said Uber will bring back its self-driving cars “within the next few months, I don’t know.” To be fair,… Continue reading Uber says its self-driving cars could return in ‘next few months’
UPDATE 5-Ford says lost truck production will hit 2nd qtr earnings
DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is seen… Continue reading UPDATE 5-Ford says lost truck production will hit 2nd qtr earnings
UPDATE 1-Ford chairman says ‘fairly large’ changes in store for automaker
* Still ‘big things to do’ – Ford chairman * Restructuring could affect regional operations * Savings may fund technology, restructuring, shareholder returns (Adds context on Ford’s reliance on truck sales, closing share price) By Joseph White DETROIT, May 9 (Reuters) – Ford Motor Co shareholders should expect “fairly large” changes in the coming year,… Continue reading UPDATE 1-Ford chairman says ‘fairly large’ changes in store for automaker
Ford chairman says ‘fairly large’ changes in store for automaker
DETROIT (Reuters) – Ford Motor Co (F.N) shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment. FILE PHOTO: Bill Ford, executive chairman of the Ford Motor Company speaks at the Ford… Continue reading Ford chairman says ‘fairly large’ changes in store for automaker
UPDATE 4-Ford scrambles to restart truck production after fire at supplier
DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is seen… Continue reading UPDATE 4-Ford scrambles to restart truck production after fire at supplier
Nissan CEO Carlos Ghosn: 188 miles is enough for electric cars; now prices must be cut
2018 Nissan Leaf with EVgo fast charger at NJ Turnpike Molly Pitcher travel plaza, Feb 2018 Enlarge Photo At about 188 miles, the range of today’s electric cars is enough. It’s the price that needs to come down. So says Carlos Ghosn, an electric-car pioneer among CEOs of mainstream automakers. Ghosn made the statement at… Continue reading Nissan CEO Carlos Ghosn: 188 miles is enough for electric cars; now prices must be cut