(Reuters) – Automakers on Friday reported a decline in U.S. light vehicle sales for February as demand for SUVs slows after years of rapid growth, pointing to a drop in overall sales in 2019. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25,… Continue reading U.S. auto sales fall in February on weak SUV demand
Tag: Honda
Jaguar Land Rover to announce major UK investment: BBC
FILE PHOTO: A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble LONDON (Reuters) – Luxury carmaker Jaguar Land Rover, part of Tata Motors Ltd, is preparing to announce hundreds of millions of pounds worth of investment in Britain, the BBC reported on Friday. The reported investment would… Continue reading Jaguar Land Rover to announce major UK investment: BBC
Acura Sales Climb 11% as American Honda Posts Strong February Results
Honda HR-V set a new February sales record, helping American Honda trucks to a 4.6% sales increase for the month. The company reported February sales for both Honda and Acura brands today. Related Documents Acura Sales Climb 11% as American Honda Posts Strong February Results Honda Logo. (PRNewsFoto/American Honda Motor Co., Inc.) (PRNewsfoto/American Honda Motor… Continue reading Acura Sales Climb 11% as American Honda Posts Strong February Results
Ford slashes 2000 jobs in China after sales drop nearly 40% – Nikkei Asian Review
BEIJING/TOKYO — Ford Motor’s main Chinese joint venture is reducing its workforce by 2,000, or about 10%, after suffering a sharp reversal in the world’s biggest auto market. Several executives revealed the decision to cut jobs at Changan Ford Automobile, which is owned equally by Ford and state-owned China Changan Automobile Group. Changan Ford’s cuts mostly affect its main… Continue reading Ford slashes 2000 jobs in China after sales drop nearly 40% – Nikkei Asian Review
CATL Deepens Battery Tie With BAIC BJEV, Pride Power
2 M BY GASGOO CATL to grow even larger. Chinese EV battery provider Contemporary Amperex Technology Limited (CATL) announced on February 25 that it has signed a five-year agreement to deepen the cooperation with BAIC BJEV and Beijing Pride Power System Technology Limited (Pride Power). More CATL News According to the announcement, CATL and Pride… Continue reading CATL Deepens Battery Tie With BAIC BJEV, Pride Power
Hyundai Motor CEO says China capacity cuts being considered: sources
FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing, China January 25, 2019. REUTERS/Jason Lee/File Photo SEOUL (Reuters) – Hyundai Motor Co, which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, Chief Executive Lee Won-hee said,… Continue reading Hyundai Motor CEO says China capacity cuts being considered: sources
The American-Made Vandal One R Packs 560-Horsepower – RoadandTrack.com
With track car specialist startups like Zenos and Elemental basically ceasing communication, and even TVR running into more and more delays, sports car fans have every reason to be skeptical about yet another company’s entrey into this limited market. Especially from the niche-end, which already seems to be full of BACs, Ariels, Ginettas, Radicals and… Continue reading The American-Made Vandal One R Packs 560-Horsepower – RoadandTrack.com
UPDATE 1-BMW, Daimler pool resources on automated driving technology
FRANKFURT (Reuters) – Daimler and BMW deepened their alliance on Thursday to share development costs for highly automated driving technologies, even as each carmaker continues to pursue separate efforts to develop fully self-driving cars. Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, attend… Continue reading UPDATE 1-BMW, Daimler pool resources on automated driving technology
UPDATE 1-Aston Martin boss says Brexit delay would prolong uncertainty
LONDON (Reuters) – A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister Theresa May promised to give lawmakers a vote on extending the date Britain leaves the EU. Andy Palmer, CEO of Aston Martin poses for a photograph at… Continue reading UPDATE 1-Aston Martin boss says Brexit delay would prolong uncertainty
Aston Martin boss says Brexit delay would prolong uncertainty
LONDON (Reuters) – A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister Theresa May promised to give lawmakers a vote on extending the date Britain leaves the EU. FILE PHOTO: Andy Palmer, CEO of Aston Martin poses for a… Continue reading Aston Martin boss says Brexit delay would prolong uncertainty