Malaysian national car maker Proton launched its first SUV on Wednesday in a fresh effort to transform its stale brand and turn around its fortunes, more than a year after China‘s Geely Holding Group Co. Ltd. bought a key stake in the company. Prime Minister Mahathir Mohamad launched the 1.8 liter (0.48 gallon) -engine X70… Continue reading Malaysia’s Proton launches 1st SUV with China’s Geely – ABC News
Tag: Geely
News – Road safety: ACEA event explores automated driving and revision of General Safety Regulation
On Monday 26 November, the European Automobile Manufacturers’ Association (ACEA) welcomed some 150 guests to its ‘Towards zero: Safe vehicles, safe drivers, safe roads’ event, which was kindly hosted by the Representation of the Free State of Bavaria to the EU. The aim of the event was to foster dialogue between all key stakeholders that… Continue reading News – Road safety: ACEA event explores automated driving and revision of General Safety Regulation
Revival of PROTON underway with launch of Proton X70 SUV
Proton X70 SUV signals start of PROTON’s complete revival PROTON to benefit from Geely’s investment, technology and talent 12 December 2018, Kuala Lumpur. PROTON, the leading automotive brand in Malaysia, has launched its flagship SUV, the Proton X70, at an official launch event in Kuala Lumpur. The X70 SUV is the first vehicle released as a… Continue reading Revival of PROTON underway with launch of Proton X70 SUV
Polestar appoints Geely’s Ian Zhang as new Group CFO
NEW DELHI: Volvo cars owned sports car brand, Polestar on Wednesday announced the appointment of new Group CFO and Deputy Group CFO to support its strategy of increasing independence, and to strengthen its global finance team.The company has appointed Ian Zhang as company’s new Group Chief Financial Officer, effective from 01 January 2019, from his… Continue reading Polestar appoints Geely’s Ian Zhang as new Group CFO
Volvo’s Electric Garbage Truck Is Its Answer to Tesla’s Big Rig
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
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
The future of the auto industry lies in car sharing, Chinese executives say
Dave Zhong/Getty Images for CNBC International
Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks during Fireside Chat on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 28, 2018 in Nansha, Guangzhou, China.
Several Chinese auto and transportation industry leaders are preparing for a future in which people share cars, rather than own them individually.
“(The new generation), they're not interested in the ownership. They're probably more interested in accessibility,” Freeman Shen, founder and CEO of Chinese electric car company WM Motor, said last week at CNBC's East Tech West conference in the Nansha district of Guangzhou, China.
Technological advances in the last several years have aided the rise of multibillion-dollar ride-hailing giants such as Uber and Didi. They, in turn, have challenged the traditional taxi driver system and cultivated a habit of on-demand car services for tens of millions of users globally despite ongoing safety concerns. Traditional automakers, many already trying to navigate rising interest in the electric vehicle market, are paying close attention to the ride sharing trend. Notably, General Motors is testing the waters with its own rental program.
In China, Feng Xing Ya, general manager of Guangzhou-based automaker GAC, also said the future of the auto industry lies in car sharing.
“(It's) a challenge for the auto industry because people may buy fewer cars,” Feng said in Mandarin, according to a CNBC translation, during a Nov. 27 conference session.
Without giving much detail on a plan, Feng said he favored a strategy of entering — rather than avoiding — the car sharing economy, which he said can still generate a lot of income for a company.
However, such a rapid change in consumer tastes could give start-ups an advantage.
Shen, formerly a director at Fiat Chrysler and Chinese automaker Geely, said traditional automakers are too focused on selling cars rather than improving user experiences. He said his company's focus on software and newness to the market means he has everything to gain and little to lose from a shift to ride sharing.
Shen founded WM Motor — which stands for “world champion” in German — in 2015 and the company has received more than $1 billion in funding, according to Crunchbase.
The rise of car sharing may also lead to new kinds of living environments in China as Beijing tries to encourage technological and urban developments through “smart cities.”
“If we can allocate the seats instead of vehicles … then we can use the transportation system more efficiently,” Henry Liu, vice president, chief scientist of smart transportation at Didi, said during a conference session.
“If you think about the future city, I think the future city will have much less in terms of parking spaces, road spaces, because we don't really need that much of spaces for vehicles,” Liu said. “At that moment, I think we have an autonomous vehicle fleet. And they can serve the transportation demand.”
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-
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