BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
Tag: Strategy
Ford India sales up 11% to 26,188 units in May
NEW DELHI: Ford India has reported 11.42 per cent rise in total sales at 26,188 units in May against 23,503 units in the same month last year. The company said its domestic sales stood at 9,069 units last month as against 6,742 units in May 2017, up 34.51 per cent. Exports grew to 17,119 units… Continue reading Ford India sales up 11% to 26,188 units in May
Maserati’s Plans to Speed Past Tesla
LISTEN TO ARTICLE SHARE THIS ARTICLE Maserati isn’t even trying to hide its ambitions — it’s out to get Tesla. Its weapon of choice: the full-electric Alfieri sportscar, with a top speed exceeding 186 miles per hour (about 300 km/h) and an acceleration from zero to 62 mph in less than two seconds. By comparison,… Continue reading Maserati’s Plans to Speed Past Tesla
Alibaba, RoboSense launch unmanned vehicle using solid-state LIDAR
The most important feature of the driverless delivery vehicle called G Plus is the solid-state LiDAR technology, the RS-LiDAR-M1Pre, developed by China’s RoboSense. This is the first time that solid-state LiDAR has been used in the development of an unmanned vehicle,clsim the companies, heralding the beginning of the solid-state LiDAR era in driverless vehicles. RoboSense… Continue reading Alibaba, RoboSense launch unmanned vehicle using solid-state LIDAR
Tata Motors domestic sales up 58% in May
NEW DELHI: Tata Motors today posted 58 per cent jump in domestic sales at 54,295 units in May, led by robust sales in commercial and passenger vehicle (PV) segments. The company had sold 34,461 units during the same month last year, Tata Motors said in a statement. Domestic sales of commercial vehicles in the month… Continue reading Tata Motors domestic sales up 58% in May
(2nd LD) Hyundai mulls investing in local car-manufacturing JV
(ATTN: ADDS Gwangju City’s comment in last 2 paras) By Choi Kyong-ae SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV… Continue reading (2nd LD) Hyundai mulls investing in local car-manufacturing JV
Jeep confirms new entry-level model to sit below Renegade
A new small Jeep model to sit below the Renegade has been confirmed by brand CEO Mike Manley. The compact-sized Jeep will launch by 2022 and will become the entry point into the Jeep range. It will be priced below the Renegade, suggesting a starting price of around £15,000. The confirmation of the model, which was scooped… Continue reading Jeep confirms new entry-level model to sit below Renegade
Waymo’s Uber-rivalling ride-hailing app to enter service in 2018
Google parent company Alphabet and Fiat Chrysler Automobiles have announced that the Uber-rivalling ride-hailing service Waymo will commence public service later this year. It’ll be the first ride-hailing service offered to the public to use driverless vehicles on public roads upon launch, using a fleet of over 62,000 Chrysler Pacifica MPVs across the Waymo service.… Continue reading Waymo’s Uber-rivalling ride-hailing app to enter service in 2018
Hyundai mulls investing in local car-manufacturing JV
SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV to generate jobs and help support the local economy. The city proposed… Continue reading Hyundai mulls investing in local car-manufacturing JV
Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China
Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China, according to Shanghai-listed Yonou Bike’s security filing. In October 2017, Youon Low Carbon Technology, a dockless bike-sharing subsidiary of docked public bike… Continue reading Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China