Road Race The trucks that will roam the city streets of the future will be electric. But which automaker will lead the charge? Volvo might have a chance at getting ahead. The Swedish company is about to deliver its first entirely battery-powered truck to the streets of Hamburg, Germany, Bloomberg reports. E-Trucks Designing an all-electric utility truck meant… Continue reading Volvo’s Electric Garbage Truck Is Its Answer to Tesla’s Big Rig
Tag: Volvo
Automaker: VW sold cars without a license for years – and is once again fighting for credibility
DüsseldorfThe letter from Wolfsburg is clear and unambiguous. “In internal reviews, we found that vehicles were sold in a certain period of time, where the condition may not have been in line with the series production status at the time of marketing,” it states Volkswagen-Brief to the Passat holder. Therefore, give it now a callback,… Continue reading Automaker: VW sold cars without a license for years – and is once again fighting for credibility
FreeWire Raises $15 Million In Financing For Mobile Fast Charging
12 M BY MARK KANE FreeWire is not alone in believing that mobile fast charging is a good idea. FreeWire Technologies, the California start-up known mostly from its mobile electric vehicle charging systems, announced the successful closing of its $15 million Series A financing. “The financing will support the commercialization of FreeWire’s ultrafast EV charging… Continue reading FreeWire Raises $15 Million In Financing For Mobile Fast Charging
Handelsblatt Auto Summit: Volkswagen announces the end of the internal combustion engine
VW production director Michael Jost Energy balance for the entire life cycle of a vehicle. (Photo: Uta Wagner for Handelsblatt) Wolfsburg product strategy is nothing new for Michael Jost. Already ten years ago, the automanager joined Skoda taken care of. In 2015 he moved to Wolfsburg to do the same job for the brand there… Continue reading Handelsblatt Auto Summit: Volkswagen announces the end of the internal combustion engine
Top Automotive Industry News for Week of October 29 – November 4, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best
(Car and Driver)
Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed
(Forbes)
Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says
(CNBC)
GM memo: We must cut costs, can't wait to see what happens in industry
(Detroit Free Press)
GM Throws Weight Behind Nationwide Electric-Car Quota
(Cars.com)
GM to offer buyout to some workers in cost-cutting move: DJ
(CNBC)
Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump
(autoblog)
Tesla electric vehicles will park themselves in 2019, Elon Musk says
(USA Today)
Tesla’s third-largest shareholder says it’s willing to pump more money
into the company
(CNBC)
The brutal and extreme tests Ram, Ford, Chevy run on trucks
(Detroit Free Press)
US regulators subpoenaed Tesla Model 3 production forecasts, data
(USA Today)
Volvo and Baidu join forces to mass produce self-driving electric cars
in China
(CNBC)
-Automotive Evolution News-
Cadillac cancels its car subscription program after just two years
(autoblog)
Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo
(MarketWatch)
GM is making e-bikes as it expands beyond cars
(autoblog)
Hyundai, Kia Motors to develop new solar charging tech for vehicles
(Reuters)
Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems
(LA Times)
Uber says it's ready to start testing self-driving cars again
(Mashable)
VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year
(Forbes)
Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises
(Forbes)
-Automotive Retail News-
5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list
(USA Today)
FCA, Honda and VW Lead October Auto Sales
(The Detroit Bureau)
GM Financial: More Loans, Fewer Leases in Q3
(Auto Dealer Monthly)
Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market
(CNBC)
New Vehicle Prices Continue to Rise in Fourth Quarter
(The Detroit Bureau)
Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars
(USA Today)
Rising interest rates pinch U.S. auto sales, consumer confidence
(Reuters)
Vehicle sales reached 11-month high in October
(MarketWatch)
-Automotive Wholesale News-
Car Depreciation Reaches 10-Month High
(Vehicle Remarketing)
Lane watch: Wintry chill hits wholesale prices
(Auto Remarketing)
-Automotive Ownership News-
A Comfortable Place to Spend 38,000 Hours Behind the Wheel
(The New York Times)
-Automotive Enthusiast News-
140-car collection headed to Mecum’s Las Vegas auction
(ClassicCars)
Here are the most Googled car brands of 2018
(autoblog)
-Automotive Servicing News-
AAA offers free Lyft rides to and from repair shops
(autoblog)
New car safety technology saves lives — but can double the cost of
repairs
(NBC)
Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines
(Detroit Free Press)
Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling
(USA Today)
-General Business & Executive News-
Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel
(Reuters)
New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands
(PR Newswire)
U.S. Auto Industry's October Surprise
(Forbes)
With $50M investment, AutoNation obtains 7% stake in Vroom
(Auto Remarketing)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com
Volvo Cars has no current plans for stockmarket listing: CEO
STOCKHOLM/LOS ANGELES (Reuters) – Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn. FILE PHOTO: Hakan Samuelsson, President and Chief Executive Officer of Volvo, smiles… Continue reading Volvo Cars has no current plans for stockmarket listing: CEO
ChargePoint raises $240 million to serve an anticipated flood of electric vehicles
Electric vehicle charging network ChargePoint has raised $240 million in a Series H funding round that attracted a diverse group of investors from the automotive, energy, financial, venture capital, utilities, and even oil and gas industries. New investors in the round include American Electric Power, Chevron Technology Ventures, Canada Pension Plan Investment Board, Daimler Trucks… Continue reading ChargePoint raises $240 million to serve an anticipated flood of electric vehicles
Volvo Cars and Luminar reveal groundbreaking LiDAR technology
Volvo Cars and Luminar reveal groundbreaking LiDAR technology
Luminar and Volvo Show Off High-Res, Long-Range Lidar 27 Nov
About the Cars That Think blog
IEEE Spectrum’s blog about the sensors, software, and systems that are making cars smarter, more entertaining, and ultimately, autonomous.
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Philip E. Ross, Senior Editor
Willie D. Jones, Assistant Editor
Evan Ackerman, Senior Writer
Lucas Laursen, Contributor
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Self-Driving Trucks Will Transport Limestone in a Norwegian Mine
Rock Carriers An often-overlooked use for autonomous driving technology is in industrial applications, where raw materials have to be shipped from point A to point B. In what automaker Volvo calls its “first commercial autonomous solution transporting limestone from an open pit mine to a nearby port,” six existing autonomous trucks will be upgraded with sophisticated… Continue reading Self-Driving Trucks Will Transport Limestone in a Norwegian Mine