Tag: Geely

Monday Morning Auto News, Apr 01, 2019

Tesla boom lifts Norway’s electric car sales to 58 percent market share – Reuters: IndiaAlmost 60 percent of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday, a global record set by a …
New Alfa Romeo GTV: 2022 hybrid super-coupe leaks – Autocar: Styling of upcoming hybrid two-door seemingly revealed well ahead of official unveiling A leaked image may have given us our best look yet at Alfa Romeo”s forthcoming GTV coupe, which isn”t due to be unveiled until 2021. The single image, purportedly…
Maruti Suzuki sales continue to fall as India car demand slows ahead of elections – Nikkei: Maruti Suzuki India’s sales continued to decline as demand for cars slowed further in March, piling up inventory and forcing …
Buying Lyft stock requires making ‘too many big assumptions,’ analyst warns amid IPO hype – CNBC: Guggenheim restrained its enthusiasm for shares of Lyft on Monday, beginning coverage of the rideshare company’s stock with a neutral rating due to what the firm sees as a hazy outlook.

Volvo XC40 full-electric variant to debut this year – Automotive News: Volvo will reveal the full-electric version of the XC40 before the end of the year. The XC40 will be the first battery-driven model from the brand.
Here’s what Uber can learn from Lyft’s IPO – CNBC: Triton Research co-founder and CEO Rett Wallace joins “Squawk Box” along with guest host Mohamed El-Erian, chief economic advisor at Allianz, …
Uber of Iran Hits Two Million Rides-a-Day Mark Amid Growth Spurt – Bloomberg: Snapp, also known as the Uber of Iran, said its ride-hailing app is generating two million fares a day as young people in Tehran embrace technology …
Skoda, Hyundai, Dacia among winners as French sales fall 2% in March – Automotive News: French new-car sales fell by 2.3 percent in March, with Skoda, Hyundai, Dacia and Seat recording double-digit increases.
For want of a quorum, America’s jobs are being lost – CNBC: … CRRC, China Mobile, SAIC Motor, China Railway, China Aerospace Science and Technology, the list of China’s national champions spans virtually …
Analysis: how to save the city car – Autocar: Cars like the Citroen C1 and Volkswagen Up are under threat Value small cars are at risk of extinction. Profits are slimming, costs are rising. Is there a solution? The message was as bleak as it was clear. “If Europe is pursuing this legal target,…
Hyundai Venue SUV: Launch, features, expected price revealed – Yahoo: Right, Hyundai Venue, I know the name, some more info please? This is a new sub-4m compact SUV by Hyundai and the much awaited rival to the …
Peugeot, Fiat Said to Explore Venture to Build Cars in Europe – Bloomberg: PSA Group and Fiat Chrysler are reportedly exploring a partnership to build cars in Europe. Bloomberg has learned the companies are holding …
The Auto Industry Is Overdue a Bout of Mega-Mergers – Bloomberg: It’s not clear that this necessary process can easily happen. As we’ve seen with the Renault-Nissan saga, the Trump administration’s automotive tariff …
VW, BMW, FCA, others make changes to protect profits in China – Automotive News: “The total market is cooling down, but the premium market is cooling down less,” Audi CEO Bram Schot told Automotive News Europe. “What’s more …
BUZZ-India’s Tata Motors rises; JLR confirms expectations of better Q4 results – Reuters: Automaker Tata Motors Ltd’s shares rise as much as 6.3 pct to 185.2 rupees, in their biggest intraday pct gain since March 5.
Toyota robot can’t slam dunk but shoots a mean 3-pointer – Washington Post: It can’t dribble, let alone slam dunk, but Toyota’s robot hardly ever misses a free throw or a three-pointer.
General Motors seeks dismissal of union lawsuit on closures – Washington Post: Attorneys for General Motors have asked a federal judge to dismiss a lawsuit claiming the automaker sidestepped an agreement with union workers through its …
Toyota robot can’t slam dunk but throws a mean three-pointer – Washington Post: It can’t dribble, let alone slam dunk, but Toyota’s robot hardly ever misses a free throw or a three-pointer.
In North America’s Biggest Uber Holdout, It Pays to Know Chinese – Bloomberg: Welcome to Vancouver, one of Uber’s most obstinate holdouts — the largest North American metro region without legal ride sharing, where …
Italy Seen Needing Energy Storage to Deliver on Pollution Pledge – Bloomberg: … cars might help balance the grid, since the batteries in those vehicles might … the executive said in an interview at Bloomberg’s European headquarters in London. “Today in Italy, we have a limited number of electric vehicles. … a battery is a…
French interest in Jeep: Deja vu? – Automotive News: Last week’s French drama, in which PSA Group and Renault-Nissan were said in dueling media reports to both be interested in a bid for Fiat Chrysler …
Merger buzz rings with irony – Automotive News: And how odd that with both Fiat Chrysler CEO Sergio Marchionne and former Renault-Nissan Chairman Carlos Ghosn gone, their companies find …
What a truck”s off-road package really gets you – Detroitnews: Are off-road packages worth the money?
GM brushed off UAW concessions to idle Lordstown plant – Detroitnews: Union workers are angry they agreed to make $118 million in annual concessions to save the plant in mid 2017.
Convicted Fiat Chrysler exec raises questions about former UAW boss – Detroitnews: Retired UAW President Dennis Williams could be questioned about alleged illegal payments amid corruption scandal involving Fiat Chrysler.
Jettisoned Chrysler dealers challenge U.S. in court – Automotive News: Almost 300 of the Chrysler dealers whose franchises were terminated in the 2009 bailout will continue their fight in Washington on April 8, nine years after they sued the U.S. Treasury.
U.S. sales drop with no reason for buying – Automotive News: “Consumers simply haven’t had a compelling reason to buy,” Cox Automotive’s chief economist said.
Sun plays tricks on Cadillac’s Super Cruise – Automotive News: The issue involves a critical part of the system that monitors the driver’s attentiveness.
Toyota’s Lentz: U.S. has a lot to lose in trade fight – Automotive News: If the U.S. and Japan can’t find common ground, tariffs could knock down 2 million new-vehicle sales as quick as a Texas windstorm, the automaker’s North America chief warned.
JLR wins a rare challenge against Chinese copycat Landwind – Automotive News: A Chinese court ruled recently that Jiangling Motors’ LandwindX7 SUV from 2014 was too similar to Range Rover Evoque. In a rare decision, it ordered the …
Survey finds flagging loyalty in the pickup truck market – Automotive News: What does it take to get a truck owner to switch brands?
Cadillac’s next-gen Super Cruise system to address camera’s sunlight issue – Automotive News: The issue involves a critical part of the system that monitors the driver’s attentiveness.
Rakuten says to book $990 million gain on Lyft investment – Reuters: Japan’s Rakuten said on Monday it will book a 110 million yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm’s listing last week.
GRAINS-Corn ticks up after deep cuts; abundant supplies cap gains – Reuters: China’s State Council said on Sunday that the country would continue to suspend additional tariffs on U.S. vehicles and auto parts after April 1, in a …
Porsche looking at subscription model for special models? – Autocar:
Nissan CEO, Ghosn Mulled Fourth Partner for Alliance, Email Says – Bloomberg: Last September, two months before his arrest in Tokyo, then Nissan Motor Co. Chairman Carlos Ghosn and the carmaker’s chief executive officer considered …
Rakuten to book $990m profit from Lyft IPO – Nikkei: … ($990 million) profit in its first-quarter earnings from a jump in the value of its stake in Lyft, after the U.S. ride-hailing company went public on Friday.

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Aptiv to share its self-driving car data to help other researchers – CNET

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China, the latest smart small map

We had to find a smart solution for Smart. After twenty years of nagging efforts, Daimler could not decently write off its mini-city cars. Rather than bury his dream for good, the German group has decided to attempt an umpteenth relaunch with Chinese Geely. New models, new markets, new factory, new partner. “This is the… Continue reading China, the latest smart small map

Daimler and Geely Holding form global joint venture to develop smart

28.

March 2019

Stuttgart, Germany; Hangzhou, China

50:50 joint venture between Daimler and Geely based in China to develop and operate smart brand globally as all electric carmaker smart to gain shared expertise in manufacturing, engineering and design from both groups smart to expand to meet demand for electrification, with production based in China New smart models planned from 2022 in all-electric product renewal 28 March 2019, Stuttgart, Germany; Hangzhou, China. Daimler AG (Daimler) and Zhejiang Geely Holding Group (Geely Holding), the German and Chinese automotive groups, today announced the formation of a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.
Under the joint venture agreement, a new generation of smart electric models will be assembled at a new purpose-built electric car factory in China with global sales due to begin in 2022.
Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, said: “For more than 2.2 million customers, smart represents a pioneer in urban mobility. Based on this success story, we look forward to further enhancing the brand with Geely Holding, a strong partner in the electric vehicle segment. We will jointly design and develop the next generation of smart electric cars that combine high-quality production and known safety standards for sale both in China and globally. In the future, we are looking forward to working with all partners to sustain our success in China and worldwide. Separately, Mercedes-Benz will produce a compact electric vehicle at the Hambach plant, sustaining employment with further investment in the facility.”
Li Shufu, Geely Holding Chairman, added: “We fully respect the value of smart. This brand has a unique appeal and strong commercial value. Geely Holding and Daimler look forward to this challenging and exciting new project, through which we will further push the introduction of premium electric products to give a better mobility experience to our customers. As equal partners, we are dedicated to promoting the smart brand globally; we will leverage our experience and global competencies in brand management, R&D, manufacturing, supply chain management and other areas. The synergies from this cooperation will lead to mutual benefits, at the same time we will further develop technologies for smart including connectivity, to continue to lead in the industry as it undergoes a wider transformation.”
The board of directors of the new smart joint venture will be made up of six executives with equal representation from both parties. Daimler AG board representatives will include Hubertus Troska, Daimler AG Board of Management member responsible for Greater China, Britta Seeger, Daimler AG Board of Management member responsible for Marketing and Sales of Mercedes-Benz Cars, and Markus Schäfer, Member of the Divisional Board of Management of Mercedes-Benz Cars, Production and Supply Chain and designated Board of Management Member responsible for Group Research and Mercedes-Benz Cars Development. Geely board representatives will include Geely Holding Chairman Li Shufu, Geely Holding President, Geely Auto Group President and CEO An Conghui, Geely Holding Executive Vice President and CFO Daniel Donghui Li.
The joint venture partners have agreed that the new generation of smart vehicles will be styled by the worldwide Mercedes-Benz Design network with engineering from Geely global engineering centers. Future production will be located in China.
As part of the vehicle-development program, the smart product portfolio is also planned to be extended into the fast-growing B-segment.
Prior to the launch of new models from 2022 onwards, Daimler will continue to produce the current generation of smart vehicles in its Hambach plant France (smart EQ fortwo) and at Novo Mesto (Slovenia, smart EQ forfour).
In parallel, the Hambach plant will assume an additional new role in the Mercedes-Benz Cars production network and will produce a compact electric vehicle by Mercedes-Benz under the new product and technology brand EQ in the future. Mercedes-Benz is investing €500 million on the Hambach plant and will use the expertise of its experienced and motivated smart workforce.
The joint venture is expected to be finalised by the end of 2019. Financial terms of the smart joint venture have not been disclosed.
This joint venture follows the separate agreement between Daimler Mobility Services and Geely Technology Group announced last year, in which the companies agreed to cooperate on a new premium ride-hailing service in China.
Further information is available in a blog entry by Dieter Zetsche at the Daimler-Blog: https://blog.daimler.com/en/2019/03/28/joint-venture-geely-daimler-smart-china/

Press Contact

Ariane Fiedler

Manager International smart Communications

ariane.fiedler@daimler.com

Tel: +49 711 17-75924

Fax: –

Willem Spelten

Head of international Brand & smart Product Communications

willem.spelten@daimler.com

Tel: +49 (0)711 17-75847

Fax: +49 (0)711 17-79099473

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Cars in Europe could soon be fitted with technology to stop drivers speeding

Silas Stein | picture alliance | Getty Images
Illuminated panels indicate a speed limit of 120 kilometers per hour above the A3 motorway near Frankfurt Airport, Germany.

A range of mandatory safety features for new vehicles, including technology that could limit speed, are set to be introduced in the European Union (EU).

In an announcement Tuesday, the European Commission — the EU's executive arm — said that EU institutions had come to a provisional political agreement on the new measures. That agreement is now subject to formal approval from the European Parliament and Council, with the new technologies set to be introduced in 2022.

The proposed safety features include the introduction of intelligent speed-assistance technology, or ISA. According to the European Transport Safety Council (ETSC), ISA uses technology such as GPS, digital mapping and cameras to give vehicles location and speed limit information.
ISA systems can “limit engine power” to stop drivers from going above the speed limit. The ETSC says it recommends ISA technologies that can be temporarily overridden. This would mean that drivers could, in scenarios such as overtakes on lower-speed sections of road, override the system by putting their foot down on the accelerator.

The mandatory ISA system proposed by the Commission would not automatically slow a car down, but warn a driver that they were travelling above a road's speed limit.

Several major car manufacturers already offer various iterations of ISA systems in their vehicles.

Other proposed safety features include advanced emergency braking, cameras that assist with reversing, and lane-keeping assistance. Vehicles will also provide warnings if they detect a driver is drowsy or distracted and will use data recorders to document accidents.

“Every year, 25,000 people lose their lives on our roads,” EU Commissioner Elzbieta Bienkowska said in a statement.
“The vast majority of these accidents are caused by human error,” she added. “We can and must act to change this. With the new advanced safety features that will become mandatory, we can have the same kind of impact as when the safety belts were first introduced.”
A number of major car firms are looking to introduce increasingly sophisticated and connected safety features to their vehicles.
Just last week, Volvo Cars announced it would install in-car cameras and sensors to monitor drivers for signs of intoxication and distraction.

The firm said the technology would be used to monitor drivers and, when needed, enable the car “to intervene if a clearly intoxicated or distracted driver does not respond to warning signals and is risking an accident involving serious injury or death.”

Actions the car could take include limiting speed to slowing down and then parking the car in a safe place. Installation of the technology will start in the early 2020s.

At the beginning of March, the company announced it would introduce a 180 kilometers per hour (112 miles per hour) speed limit on all its cars from 2020.

Follow CNBC International on Twitter and Facebook.

Clarification: This story has been updated to reflect how the ISA system proposed by the European Commission would work.

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