This is European version of the 2019 Ford Focus ST. Ford has not said what versions of the Focus will be sold in the U.S. (Photo: Ford) Ford Motor Co. on Tuesday showcased an all-new global-platform 2019 Focus, giving hints as to what the the car will look like in the U.S. when it arrives… Continue reading Ford redesigns the Focus for a global market
Tag: Financial Results
Toyota’s China Crisis
The world’s biggest carmaker and the world’s biggest car market should be made for each other. So why is Toyota Motor Corp. misfiring in China? As recently as 2015, it was the No. 2 marque in the country, behind the eternally dominant Volkswagen AG. Since then, though, sales have flatlined, while rivals have picked up… Continue reading Toyota’s China Crisis
China: Alibaba-backed Xiaopeng Motors to raise $2.7b this year
April 10, 2018 Xiaopeng Motors, which counts Alibaba Group Holding Ltd. and Foxconn Technology Group among its investors, plans to raise 17 billion yuan ($2.7 billion) in funds this year as the Chinese car startup seeks to take on rivals in the world’s biggest market for electric vehicles. The company plans to start pre-sales of… Continue reading China: Alibaba-backed Xiaopeng Motors to raise $2.7b this year
BMW and Mini launch pay-as-you-go subscription service
BMW and Mini have launched a subscription service that rolls all the costs of car ownership into monthly instalments. Payments, which start from £131 per week (equating to around £568 a month), include the costs of insurance and maintenance, as well as breakdown cover, as one bill. Although BMW is the first major car maker to offer such a service… Continue reading BMW and Mini launch pay-as-you-go subscription service
Yet to turn a profit, Ford won't give up on India
Pankaj Radhe, Special to the Detroit Free Press Published 12:41 p.m. ET April 8, 2018 CLOSE Ford is going to import the EcoSport from India. It will be the brand’s smallest SUV vehicle and DJ Khaled was on hand to unveil the vehicle in advance of the Los Angeles Auto Show. Robert Hanashiro, USA TODAY… Continue reading Yet to turn a profit, Ford won't give up on India
Alibaba-Backed China Car Startup to Raise $2.7 Billion This Year
Xiaopeng Motors, which counts Alibaba Group Holding Ltd. and Foxconn Technology Group among its investors, plans to raise 17 billion yuan ($2.7 billion) in funds this year as the Chinese car startup seeks to take on rivals in the world’s biggest market for electric vehicles. The company plans to start pre-sales of its first model,… Continue reading Alibaba-Backed China Car Startup to Raise $2.7 Billion This Year
To own, or to access – that is the question
Is Netflix where you look when you’ve got a spare hour in the evening? Is your workplace anywhere you can access your Office 365 account? If so, then you’re among the countless people who use an online subscription service. Without a doubt, we’re a long way from when Steve Jobs famously proclaimed in 2003, “you… Continue reading To own, or to access – that is the question
As GM union faces big job losses, South Koreans turn cold shoulder
“I don’t think anyone is feeling for us anymore,” a grim-faced Lee, who was rehired by GM a year after it bought Daewoo in 2002, said. BUPYEONG, South Korea: When Lee Bum-yeon lost his job along with nearly 2,000 other union workers in 2001 after South Korea’s Daewoo Motor went bankrupt, his neighbours at supermarkets… Continue reading As GM union faces big job losses, South Koreans turn cold shoulder
2018 Nissan Leaf electric car: Is there a fast-charging problem?
2018 Nissan Leaf with EVgo fast charger at NJ Turnpike Molly Pitcher travel plaza, Feb 2018 Enlarge Photo As Tesla has shown, not all fast charging is created equal. Now owners of the new 2018 Nissan Leaf are complaining that that the car’s “fast” charging is not always as fast as advertised. Owners have found… Continue reading 2018 Nissan Leaf electric car: Is there a fast-charging problem?
Annual Shareholders’ Meeting approves dividend of €3.65 per share
Berlin, Germany – At the Annual Shareholders’ Meeting of Daimler AG in Berlin on Thursday, the shareholders approved a dividend of €3.65 per share for financial year 2017. The dividend distribution amounts to €3.9 billion. The dividend will be paid out on the third business day after the resolution by the Annual Shareholders’ Meeting, April… Continue reading Annual Shareholders’ Meeting approves dividend of €3.65 per share