Aston Martin thinks F1 could use it against Ferrari quit threat

Aston Martin believes Formula 1 can use its intention to become an engine supplier in 2021 as a bargaining chip against Ferrari’s threats to quit the championship. F1’s owner revealed its blueprint for the series’ future at the Bahrain Grand Prix, including plans for simpler, cheaper, louder and more powerful engines than the current V6… Continue reading Aston Martin thinks F1 could use it against Ferrari quit threat

Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

April 30, 2018 Volkswagen AG, the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi‘s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed… Continue reading Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

Top Automotive Industry News for Week of April 23 – April 29, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week April 23, 2018 – April 29, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 6 Reasons Ford CEO Jim Hackett Decided To Deep-Six Its Sedans… Continue reading Top Automotive Industry News for Week of April 23 – April 29, 2018

Sergio Marchionne Admits Maserati Levante Launch ‘Sucked’

The struggling SUV had problems from the get go. The Levante hasn’t exactly been a huge success for Maserati. Since its launch in 2016, the company has had to halt production twice – shortly thereafter cutting production of the SUV by a whole 59 percent. In 2017, Maserati moved just 5,485 examples of the Levante.… Continue reading Sergio Marchionne Admits Maserati Levante Launch ‘Sucked’

Bollinger to Bring Its B1 All-Electric Sport Utility Truck to Production in 2019

Over 12,000 people have already preordered the truck. via Bollinger Bollinger Motors has been one of the most interesting players in the electrification market since it first announced the all-electric B1. Without taking the flashy approach that many modern manufacturers are going with their iterations of EVs, Bollinger was able to produce a functional and… Continue reading Bollinger to Bring Its B1 All-Electric Sport Utility Truck to Production in 2019

Fiat Chrysler Automobiles on course to cancel debt this year

Industry by Sam Sheehan, Autocar UK Apr 27, 2018 The Alfa Romeo Stelvio is one of FCA’s best-selling cars Fiat Chrysler Automobiles could clear all debts this year if its efficiency-boosting measures continue to have the same effect. The Italian-American carmaker announced in its first-quarter financial report that it had reduced current debt to €1.3 billion (£1.1bn) (Rs… Continue reading Fiat Chrysler Automobiles on course to cancel debt this year

Toyota to invest $170 mln in Mississippi plant, create 400 jobs

DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs

Ford Is About to Abandon American Sedans

The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely. Henry Ford and the… Continue reading Ford Is About to Abandon American Sedans

UPDATE 4-GM results dented by pickup truck changeover

DETROIT (Reuters) – General Motors Co (GM.N) on Thursday reported better-than-expected first-quarter earnings despite a drop in production of high-margin pickup trucks as it gears up for new models, but investors disappointed by the automaker’s lower pre-tax profit sent its shares down more than 2 percent. FILE PHOTO: The GM logo is seen at the… Continue reading UPDATE 4-GM results dented by pickup truck changeover