Ford’s new CEO, Jim Hackett, just announced a bold strategic move for America’s most enduring automaker: abandoning the car business. Hackett completely reversed former CEO Alan Mulally’s full-line strategy to focus on trucks and SUVs. A 3 percent jump in Ford’s stock price validated Hackett’s decision, but that adrenaline shot could be short-lived. Jettisoning automobiles… Continue reading Ford CEO Hackett’s decision to dump cars ‘may prove fatal’
Tag: Tata
Bentley boss: we could have been more prepared for electrification
The Bentayga hybrid is the brand’s first electrified model New company CEO admits the firm needs to accelerate its electrification plans – and hints full electric car is due within five years New Bentley boss Adrian Hallmark has acknowledged that the brand was not as prepared for future technology as it could have been –… Continue reading Bentley boss: we could have been more prepared for electrification
Tata Motors begins FY19 registering 86% growth in domestic sales in April 2018 with CV business growing at an impressive 126%
Download press kit 1 May, 2018 Key growth drivers: M&HCV (317%), I&LCV (94%), SCV Cargo & Pickups (84%) and Passenger Vehicles (34%) In April 2018, Tata Motors registered an impressive growth of 86% at 53,511units as against 28,844 units over last year due to the continued strong sales performance of its Commercial and Passenger Vehicles Business… Continue reading Tata Motors begins FY19 registering 86% growth in domestic sales in April 2018 with CV business growing at an impressive 126%
2019 Bentley Flying Spur due with much more distinctive design
Bentley’s next Flying Spur will be reinvented as a much more distinctive luxury saloon in 2019 and will be the last Bentley to be launched before the company completely reinvents its cars for the era of electrification. The four-door Flying Spur will be Bentley’s answer to the likes of the Rolls-Royce Ghost and Mercedes-Maybach S600. It… Continue reading 2019 Bentley Flying Spur due with much more distinctive design
UK car output slumps on poor demand
The number of cars made in the UK during March fell by 13.3% from a year earlier as both domestic and overseas demand for vehicles declined. The Society of Motor Manufacturers and Traders (SMMT) said poor weather had affected production. But it said that double-digit falls in output for the both home market and exports… Continue reading UK car output slumps on poor demand
End doubts over diesel’s future, says Ford boss
Media playback is unsupported on your device Uncertainty about the future of diesel is threatening the UK car industry and leaving drivers in limbo, according to Ford’s UK boss. Andy Barratt said consumers were buying fewer diesel cars, fearing they were polluting and will face new taxes. However, he claimed new diesels were “every bit… Continue reading End doubts over diesel’s future, says Ford boss
Nissan to cut hundreds of UK jobs
Nissan is to cut hundreds of jobs at its Sunderland car plant, as diesel sales decline. The carmaker builds its Qashqai and Juke models at the north-eastern England site, where it employs 7,000 people. As well as a fall in the demand for its diesel cars, the job losses relate to a switch in production… Continue reading Nissan to cut hundreds of UK jobs
Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
April 30, 2018 Volkswagen AG, the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi‘s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed… Continue reading Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase
MAUMEE, Ohio, April 30, 2018 /PRNewswire/ — Highlights Sales of $2.1 billion, an increase of $437 million, growth of 26 percent Net income attributable to Dana of $108 million; diluted EPS of $0.73 Adjusted EBITDA of $248 million, an increase of $43 million providing a margin of 11.6 percent Diluted adjusted EPS of $0.75, an… Continue reading Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase
Fitch affirms Tata Motors at BB+; outlook stable
TML‘s sales volume grew by 9% yoy in medium and heavy commercial vehicles and 23% in light commercial vehicles in FY18. New Delhi: Tata Motors (TML’s) rating, which includes a one-notch uplift from its standalone rating of ‘BB’ on its linkage with Tata Sons (TSOL), reflects its position in the Indian commercial-vehicle market and the… Continue reading Fitch affirms Tata Motors at BB+; outlook stable