Russian billionaire Oleg Deripaska is discussing selling part of his automotive business to minority investors, including former Magna International Inc. chief Siegfried Wolf, as part of a plan to end sanctions on the company. Deripaska is in talks with Wolf, whom he has known for more than a decade, about selling a portion of his… Continue reading Deripaska Plans Auto Stake Sale to Lift Sanctions
Tag: VW
Alfa Romeo Lures Drivers Bored With BMW in US Luxury Expansion
LISTEN TO ARTICLE SHARE THIS ARTICLE Fiat Chrysler Automobiles NV plans to take a bigger bite out of the U.S. luxury market by filling up its Alfa Romeo brand’s model lineup. As part of an ambitious five-year plan that Sergio Marchionne unveiled Friday outside Turin, Italy, the chief executive revealed that Alfa Romeo has seven… Continue reading Alfa Romeo Lures Drivers Bored With BMW in US Luxury Expansion
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
LISTEN TO ARTICLE SHARE THIS ARTICLE Alfa Romeo announced on Friday that it will produce a supercar that could go up against the likes of Ferrari, McLaren, and Porsche. The upcoming coupe, which will be called the 8C, will run on a turbo-charged mid-engine, using an all-wheel-drive electric drive system. Total output will equal at least 700 horsepower,… Continue reading Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
Flue gas scandal: Transport Minister Scheuer threatens Daimler with fines of nearly four billion euros
Scouring and Zetsche 5000 Euro order money per vehicle? (Photo: AP) HamburgFür Daimler it comes in the diesel scandal possibly schlüppeldick: Should be true that the car company similar to competitors Volkswagen has cheated on exhaust emissions, threatens the Stuttgartern according to a magazine report, a fine of almost four billion euros. Der Spiegel reported… Continue reading Flue gas scandal: Transport Minister Scheuer threatens Daimler with fines of nearly four billion euros
SKODA AUTO DigiLab collaborates with Israeli start-ups
ŠKODA AUTO DigiLab Israel Ltd is ŠKODA AUTO’s scout looking for start-ups in Tel Aviv to collaborate on future shared business ideas. At the end of 2017, ŠKODA AUTO founded the joint venture together with the Israeli importer Champion Motors. At the beginning of 2018, the team at ŠKODA AUTO DigiLab Israel Ltd started work… Continue reading SKODA AUTO DigiLab collaborates with Israeli start-ups
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
UPDATE 2-Toyota sheds some manufacturing to focus on new car technology
TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Friday said it was planning to transfer some its parts manufacturing operations to its main supplier Denso Corp (6902.T) to free up resources to compete more effectively on new vehicle technologies. Toyota said it would consolidate core electronics component operations of within Denso from late next year,… Continue reading UPDATE 2-Toyota sheds some manufacturing to focus on new car technology
Car manufacturers are betting to reduce the barriers to drive the electric car
Posted 01/06/2018 14: 01: 23CET MONTREAL (CANADA), June 1 (EUROPA PRESS) – Car manufacturers insist on the importance of breaking barriers that prevent the large-scale installation of the electric car, such as the lack of charging infrastructure or the vehicle’s own autonomy. At the global sustainability summit ‘Movin’On 2018’, which takes place from May 30… Continue reading Car manufacturers are betting to reduce the barriers to drive the electric car
Waymo’s Uber-rivalling ride-hailing app to enter service in 2018
Google parent company Alphabet and Fiat Chrysler Automobiles have announced that the Uber-rivalling ride-hailing service Waymo will commence public service later this year. It’ll be the first ride-hailing service offered to the public to use driverless vehicles on public roads upon launch, using a fleet of over 62,000 Chrysler Pacifica MPVs across the Waymo service.… Continue reading Waymo’s Uber-rivalling ride-hailing app to enter service in 2018