FRANKFURT/DETROIT (Reuters) – Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real world success, industry veterans told Reuters. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S.… Continue reading FCA, Renault face tall odds delivering on cost-cutting promises in merger
Tag: Volvo
Continental Expands Product Portfolio to Include New Commercial Vehicle Drive Belts
40 new multi V-belt types for Mercedes-Benz, MAN and DAF commercial vehicles Addition of further types for Volvo, Scania, Renault and Iveco commercial vehicles planned for fall 2019 Hanover, May 2019. Technology company Continental is expanding its range of drive belts for the commercial vehicle aftermarket. More than 40 multi V-belts for the auxiliary drive… Continue reading Continental Expands Product Portfolio to Include New Commercial Vehicle Drive Belts
Out of stealth, Stratio emerges with predictive AI to stop your bus from breaking down
Remember that future we were promised where our vehicle magically tells us that we’re about to break down? Or actually never does? Or that the pickup truck arrives before the driver even knows something is wrong? That future is arriving. But like many things, the practical reality is that this technology starts to arrive in… Continue reading Out of stealth, Stratio emerges with predictive AI to stop your bus from breaking down
UPDATE 1-VW plans to launch downscaled Traton IPO next week – sources
FRANKFURT (Reuters) – Volkswagen is looking to officially launch the stock market listing of its trucks unit Traton next week with a smaller deal size than originally anticipated, people close to the matter said on Tuesday. FILE PHOTO: The logo of Volkswagen’s truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover,… Continue reading UPDATE 1-VW plans to launch downscaled Traton IPO next week – sources
Factbox: Auto industry consolidation – mega-mergers and alliances
FRANKFURT (Reuters) – Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest carmaker and trigger a fresh round of industry consolidation. FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near… Continue reading Factbox: Auto industry consolidation – mega-mergers and alliances
BMW Shareholders Concerned Over Tesla’s Advantage
Shareholders are asking BMW about electric models that would blow Tesla out of the water. Premium car manufacturers in general are experiencing tough times with difficulties to increase sales and raising R&D costs due new trends like electrified, autonomous and connected cars. According to automotive analysts, current business model of premium/luxury brands needs to be… Continue reading BMW Shareholders Concerned Over Tesla’s Advantage
Dealers unhappy about return on investment in EV training
Dealers are unhappy about the return on investment they are making in equipment training for EV and plug in vehicles. That’s one of the key findings of the second NFDA Electric Vehicle Dealer Attitude Survey. When asked about their satisfaction with return on investment in equipment training for EV and plug-in vehicles, retailers gave the… Continue reading Dealers unhappy about return on investment in EV training
BMW CEO’s future in doubt as tensions erupt on tackling shift to EVs
BMW AG chief executive officer Harald Krueger’s job is hanging in the balance as the luxury carmaker steers towards a future of electric and autonomous vehicles and navigates weakening markets.BMW – like other carmakers – is making a costly transition to electric cars and new business models, and is confronting deep-pocketed tech competitors encroaching with new mobility options including ride hailing.Daimler, Toyota Motor Corp and Volvo Cars, meanwhile, have forged partnerships with Uber Technologies Inc, while Jaguar Land Rover is teaming up on self-driving electric cars with Alphabet Inc’s autonomous vehicle unit Waymo.
UPDATE 1-Uber and Lyft to turn the wheels on car ownership -industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi… Continue reading UPDATE 1-Uber and Lyft to turn the wheels on car ownership -industry experts
A major Chinese automaker postpones its US launch as trade war drags on
Daniel Acker | Bloomberg | Getty ImagesGAC Motor, one of China's largest carmakers, has postponed its launch in the U.S. because of the ongoing trade war between the world's two-largest economies, a company executive said Tuesday.
The automaker, headquartered in Guangzhou in southern China, said its entrance into the U.S., which was anticipated for this year, will be postponed.
“The current relationship between the U.S. and China, the trade war, the relationship is uncertain” said Hebin Zeng, president of international at GAC Motor. “We postponed the plan to enter the North American market.”
Zeng declined to give a specific timeline on when GAC could enter the U.S.
“In terms of when we will go into the market, we will have further discussions depending on the changes of circumstances,” he said.
Geely is the only Chinese carmaker that sells in the U.S. through the Volvo Car brand that it owns.
GAC has been expanding into several international markets, particularly in the Middle East.