Volvo Cars global sales up 14.1 per cent in the first quarter of 2018 Volvo Cars, the premium car maker, reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year. Total sales in… Continue reading Volvo Cars global sales up 14.1 per cent in the first quarter of 2018
Tag: Financial Results
Ford releases salary, pay ratio data for entire workforce
Jim Hackett, President and CEO of Ford Motor Company, speaks during their press preview at the 2018 North American International Auto Show in Detroit in January 2018. (Photo: JEWEL SAMAD, AFP/Getty Images) Ford CEO Jim Hackett earned total compensation of $16.7 million in 2017, his first calendar year at the company’s helm, the automaker said Thursday.… Continue reading Ford releases salary, pay ratio data for entire workforce
Tesla Model 3 production crossed 2,000 last week; is it sustainable?
Follow John 2017 Tesla Model 3 “first production” car, in photo tweeted by Elon Musk on July 9, 2017 Enlarge Photo Tesla reported Tuesday that it built 34,494 electric cars in the first quarter of 2018, by far its largest quarterly production total ever. But all eyes were on one number: the production of Model… Continue reading Tesla Model 3 production crossed 2,000 last week; is it sustainable?
News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Please click HERE for a PDF version of the release. Deal signed with Guangzhou Automobile Group Co., Ltd. (GAC) subsidiary Enables mass production of composite liftgates for fast-growing market Further expands Magna’s China footprint SHANGHAI, China, April 02, 2018 (GLOBE NEWSWIRE) — As the market for crossovers and sport utility vehicles continues to grow in… Continue reading News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Nissan Leaf refurbished batteries offered for older electric cars, in Japan
Follow John 2013 Nissan Leaf, Nashville area test drive, April 2013 Enlarge Photo With more than 300,000 Nissan Leaf electric cars on the road, some more than six years old, battery degradation is becoming more and more of an issue. The different rates of capacity loss are a topic of much discussion among Leaf owners,… Continue reading Nissan Leaf refurbished batteries offered for older electric cars, in Japan
Motherson to acquire Reydel Automotive Group for $201m
Motherson Sumi Systems Ltd (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its subsidiary Samvardhana Motherson Automotive Systems Group (SMRP BV), has announced the proposed acquisition of Reydel Automotive Group (Reydel), a privately held portfolio company of Cerberus Capital Management (Cerberus) that manufactures interior components and modules for global automotive customers. The… Continue reading Motherson to acquire Reydel Automotive Group for $201m
Aston Martin wants to have proprietary electric powertrain
When Andy Palmer took over as the CEO of Aston Martin in October 2014, his main aim was to turn the British marque into one “that can stand on equal terms with Porsche, Ferrari and Bentley.” While he is working on realising part of that aim with a new set of scorchers powered by internal… Continue reading Aston Martin wants to have proprietary electric powertrain
Nissan Leaf 30-kwh battery decline 3 times that of earlier electric cars: study
Follow John The Nissan Leaf, at least for the moment, remains the highest-volume electric car produced in history, with more than 300,000 sold. One of the measures that kept its cost down was the use of passive air cooling for its battery pack, rather than the pricier liquid cooling used by other makers to keep… Continue reading Nissan Leaf 30-kwh battery decline 3 times that of earlier electric cars: study
Press Release – Magna Provides Engineering Expertise to New Automaker VinFast
Please click HERE for a PDF version of the release. Complete vehicle development for two models Advanced engineering methods reduce development time to 12 months Vehicles will be built at the VinFast production plant in Haiphong, Vietnam SHANGHAI, China, March 29, 2018 (GLOBE NEWSWIRE) — Asia represents one of the strongest growing automotive markets in… Continue reading Press Release – Magna Provides Engineering Expertise to New Automaker VinFast
Ford CEO Jim Hackett earned $16.3 million as profit dropped
Hackett was abruptly named as CEO in response to investors’ growing unease about the US automaker’s slumping stock price and its ability to counter threats from longtime automotive rivals and upstarts in Silicon Valley. DETROIT: Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $16.3 million in 2017, while… Continue reading Ford CEO Jim Hackett earned $16.3 million as profit dropped