Stuart Rowley

Stuart Rowley is vice president and chief operating officer, Ford North America, effective March 1, 2018. Rowley is responsible for driving the redesign of the North American business to improve its overall fitness. He reports to Kumar Galhotra, group vice president and president, Ford North America. Previously, Rowley was vice president of Strategy, Ford Motor… Continue reading Stuart Rowley

That’s it, Mr. Zetsche

Saturday, 02/24/2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely, is with 9.69 percent the largest single shareholder at Daimler , So far, the Kuwait sovereign wealth fund was the largest shareholder with 6.8 percent, the corporation does not have a real anchor shareholder.… Continue reading That’s it, Mr. Zetsche

Chinese billionaire becomes largest shareholder Daimler

Friday, 02/23/2018 19:42 clock The Chinese carmaker Geely makes serious with the billion dollar entry into the German traditional group Daimler and becomes the largest single shareholder in one go. Geely CEO Li Shufu has secured 9.69 percent of the shares through an investment company, according to a voting rights announcement. Geely is one of… Continue reading Chinese billionaire becomes largest shareholder
Daimler

Chevrolet Sonic Will Stick Around Until 2019

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Chevrolet Sonic Will Stick Around Until 2019

10 May 2018, 13:19 UTC · by Mircea Panait
/ Home / News / Car Profile

Even though Cadillac decided to pull the plug on the ATS Sedan, Chevrolet is confident the Sonic deserves another model year despite the fact passenger cars are not selling all that well in the United States. According to spokesman Nick Jaynes Morgan, “Sonic will indeed be sold to both retail and fleet customers for 2019.”
9 photosRumors of the Sonic’s imminent demise gained traction after the golden bowtie took the veils off the 2019 Spark, Cruze, and Malibu, leaving the subcompact hatchback and sedan out of the equation. On the other hand, Morgan’s confirmation contradicts the jibber-jabber, paving the way to another year of disappointing sales.
“Chevy's investment in its sedans and hatchback stands in marked contrast to Ford,” highlights The Car Connection, which is true if you bear in mind the Blue Oval stopped production of the Focus and C-Max without even announcing it. Given time, the Ford Motor Company’s passenger-car lineup in the United States will consist of the Focus Active (imported from China) and Flat Rock-built Mustang.
Over at General Motors, the Impala is at risk of discontinuation over dwindling sales. From 97,006 examples in 2016, the full-size sedan nosedived to 75,877 units in 2017. And yes, sales from the first four months of 2018 are worse compared to the same period last year. Wanna bet ten bucks the Impala will be gone by 2020?
The Car Connection reports the ordering guide for the 2019 Sonic “shows no notable changes,” meaning that the hatchback and sedan will carry on in LS, LT, and Premier trim levels. The Sonic starts at $15,295 plus $875 destination, featuring the EcoTec 1.8-liter engine as standard. Fuel economy for the manual-equipped Sonic Sedan is EPA-rated 29 miles per gallon combined (26 city and 35 highway).
Including destination, care to guess how much the Sonic Hatchback costs in fully-loaded flavor, including the automatic transmission and 1.4-liter turbo? It's $26,685, and we're just as surprised as you are.

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The truck revolution

A ls Frank Appel the motto was that Deutsche Post DHL should become a green corporation, he could not imagine this scenario yet: the CEO would once run a company that manufactures electric cars. Not at all, his imagination was so far that the largest postal and logistics service provider in the world would once… Continue reading The truck revolution

Li Shufu visits Daimler headquarters

Hardly in business, already on a visit: Daimler’s new major shareholder, Chinese businessman Li Shufu, is already inspecting the Group headquarters in Stuttgart today. picture alliance / Wiktor Dabkov New Daimler major shareholder Li Shufu Sunday, 25.02.2018 12:26 The new major Daimler shareholder Li Shufu is, according to information from “Bild am Sonntag” on Sunday… Continue reading Li Shufu visits Daimler headquarters

Chinese billionaire becomes largest shareholder at Daimler

With a share of over seven billion euros, the boss of Volvo’s mother Geely has participated in Daimler. The Chinese company is counting on the departure from the pure combustion engine. Li Shufu, principal owner of Chinese auto giant Geely Friday, 23.02.2018 19:42 clock The Chinese carmaker Geely makes serious with the billion dollar entry… Continue reading Chinese billionaire becomes largest shareholder at Daimler

That’s it, Mr. Zetsche

Li Shufu, head of Chinese automaker Geely, joins Daimler as a major shareholder. Hostile takeover? In fact, the group from Stuttgart could be trimmed with it faster on electric mobility. Geely boss Li Shufu Saturday, 24.02.2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely,… Continue reading That’s it, Mr. Zetsche

Geely entry makes investors uncertain

The entry of the Chinese Geely owner Li Shufu has caused uncertainty among Daimler shareholders. The government assesses the transaction more relaxed – with small restrictions. Getty Images Mercedes plant in Sindelfingen Monday, 26/02/2018 12:38 clock The uncertainty about the new major shareholder from China on Monday has the shareholders of Daimler vexed. The shares… Continue reading Geely entry makes investors uncertain

Polestar 1 Production Plant Starts Construction In China

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Polestar 1 Production Plant Starts Construction In China

20 Nov 2017, 13:55 UTC · by Mircea Panait
/ Home / News / Industry

Chengdu isn’t just one of the most populous areas in the People’s Republic of China, but it briefly served as the capital of the country from 1949 until the closure of the Chinese Civil War. Chengdu is the region’s equivalent to Silicon Valley in the United States, which might have had something to do with Polestar deciding to set base in this area of China.
21 photosSpun off from Volvo as a standalone brand and controlled by Geely, Polestar announced that the production facility for the 1 plug-in hybrid supercoupe is coming together in Chengdu. By mid-2018, the factory should be completed and ready to start tooling and pre-production tests.
The nine-month construction plan is challenging in its own right, but then again, the Polestar 1 is a plug-in hybrid unlike any before it. If that wasn’t impressive enough, Polestar highlights the plant “will be the most environmentally-responsible car factory in China.” And that’s saying something considering China’s environmental record isn’t all that green.
“We are building a Production Centre that is a reflection of our brand,” declared head honcho Thomas Ingenlath. “A facility that is modern, progressive, technically advanced and environmentally responsible. The Polestar Production Centre will be an embodiment of the Polestar brand.”
Described by its maker as a grand touring coupe, the 1 features a performance-oriented powertrain with 600 horsepower on tap and up to 150 kilometers of electric range. To whom it may concern, that translates to the longest pure electric distance of any hybridized car in the world.
Production of the 1 will start by mid-2019 and be capped at 500 examples per year, with pricing expected to range from €130,000 to €150,000 ($153,000 to $177,000) for the entry-level trim. There’s also the possibility Polestar will adopt the Care by Volvo subscription service introduced by the XC40. It all boils down to a flat fee that covers things such as the cost of the car, insurance, and maintenance into one monthly paid installment.

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