Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Tag: Mobility
BMW and Mercedes-Benz will also try out subscription plans for new cars
Not to be left out by rivals, BMW and Mercedes-Benz appear to be joining the world of automotive subscription models that cover all of the fees required with car ownership or leasing under one payment. Both BMW and Mercedes are expected to announce pilot programs for a subscription service that covers not only car payments,… Continue reading BMW and Mercedes-Benz will also try out subscription plans for new cars
Car Bosses Give Lukewarm Endorsements to Their Own Electric Lineups
Global automakers, rarely shy about marketing themselves with glitz and confidence, are noticeably more sober about how customers may react to their own upcoming electric vehicle lineups. Big-truck king Ford Motor Co., for example, said at this week’s Detroit auto show that it’s more than doubling electric-car spending to $11 billion — and in the… Continue reading Car Bosses Give Lukewarm Endorsements to Their Own Electric Lineups
Peugeot confident of SUV and EV push after strong sales results
Peugeot CEO Jean-Philippe Imparato believes his company is well placed to capitalise on the electric and SUV “revolutions” following a year of strong global growth. Speaking exclusively to Autocar, Imparato said that the brand’s 600,000 SUV sales in 2017, which represented 60% growth on the year before, was an example of its improving image and… Continue reading Peugeot confident of SUV and EV push after strong sales results
China’s Chery will use Nvidia-powered ZF ProAI for Level 3 autonomous cars
Chinese automaker Chery will be building cars with Level 3 autonomous features powered by supplier ZF’s ProAI platform, which itself uses Nvidia GPUs for its driving intelligence. The partnership was announced at the North American International Auto Show today in Detroit, and follows announcements from CES where Nvidia announced further collaboration with ZF and with… Continue reading China’s Chery will use Nvidia-powered ZF ProAI for Level 3 autonomous cars
Lyft opens up Concierge, its ride-booking service for businesses, to all
Lyft today announced it’s expanding its Concierge program – the service that allows organizations to schedule rides for other people – to more business customers. First announced in 2016, the service was originally designed to help patients get to medical appointments, particularly in areas where they may not have a car of their own, like… Continue reading Lyft opens up Concierge, its ride-booking service for businesses, to all
Ferrari Has Plans to Make an Electric Supercar
Ferrari NV will make a battery-powered supercar to challenge Tesla Inc. at the high end of the electric-auto market, Chief Executive Officer Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles NV, has been expanding its lineup to lift sales without losing the exclusivity of a brand associated with Italian design and… Continue reading Ferrari Has Plans to Make an Electric Supercar
UPDATE 4-GM sees flat 2018 earnings, with pickups picking up in 2019
DETROIT (Reuters) – General Motors Co (GM.N) shares rose on Tuesday after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up about… Continue reading UPDATE 4-GM sees flat 2018 earnings, with pickups picking up in 2019
VW Chief Sales Officer: E-mobility is making rapid progress in the USA
Jürgen Stackmann “In terms of charging infrastructure, a lot is happening in the country, which means that the barriers to entry into electromobility are falling,” said the VW board member. (Photo: AP) Despite the enthusiasm of the Americans for SUVs and heavy pickup trucks will, according to estimates of VWBoard member Jürgen Stackmann E-Mobility in… Continue reading VW Chief Sales Officer: E-mobility is making rapid progress in the USA
Schaeffler reports strong growth in 4th quarter 2017
HERZOGENAURACH, Germany, Jan. 16, 2018 /PRNewswire/ — Global automotive and industrial supplier Schaeffler announced its preliminary revenue figures for 2017 today. The company increased its revenue to approximately 14.0 billion euros (prior year: approximately 13.3 billion euros), growing by 5.9 percent at constant currency. Fourth quarter revenue rose to approximately 3.5 billion euros (prior year quarter:… Continue reading Schaeffler reports strong growth in 4th quarter 2017