NAGOYA — Toyota Motor is ramping up efforts to sell electric vehicles in China, the world’s largest auto market, where it plans to launch its first electric Lexus in 2020. The plan was unveiled at the Guangzhou International Automobile Exhibition in late November. China’s electric vehicle market is facing challenges after the government cut subsidies.… Continue reading Lexus to launch EV in China taking on VW and Tesla
Tag: Strategy
Nissan Europe boss suffers sales slide to prep for profitable future – Automotive News Europe
Nissan’s sales in Europe fell by over a quarter in the first nine months as the company suffered headwinds ranging from an aging model lineup, difficulties adapting to WTLP regulations and management turmoil related to the departure of its scandal-hit leaders Carlos Ghosn and Hiroto Saikawa. The sales decline has happened under the watch of… Continue reading Nissan Europe boss suffers sales slide to prep for profitable future – Automotive News Europe
NIO: Punishing Dilution Inbound
This week, Piper Jaffray became the latest Wall Street shop to chronicle the strange travails of the struggling company. Despite initiating coverage with a “Neutral” rating, Piper’s analysts could find little cause for optimism. Warning! GuruFocus has detected 3 Warning Signs with NIO. Click here to check it out. NIO 30-Year Financial Data The intrinsic… Continue reading NIO: Punishing Dilution Inbound
Jury Declares Elon Musk Is “Non-Liable” For Pedo Guy Tweet
“My faith in humanity is restored,” said Tesla CEO. As of December 17, 2019, Elon Musk has 29,890,270 followers on Twitter. Anything he says there will have a much more significant impact than a private conversation would. This is why calling Vernon Unsworth a “pedo guy” put him in trouble. Unsworth led the rescue efforts… Continue reading Jury Declares Elon Musk Is “Non-Liable” For Pedo Guy Tweet
Hertz Partners with LoJack Mexico for Vehicle Tracking
Car theft in México has cost the insurance sector approximately 1 billion pesos ($51,812) monthly in losses, based on recent data out from the Association of Mexican Insurance Institutions. Photo via Depositphotos. CalAmp, a global technology solutions, announced its subsidiary, LoJack Mexico, has established a strategic alliance with Hertz, locally represented by AVASA, a Hertz, Dollar, Thrifty, Firefly,… Continue reading Hertz Partners with LoJack Mexico for Vehicle Tracking
Ford program offered rides to doctor’s offices. Why they’re ending it.
CLOSE GoRide’s non-emergency medical transportation offers true on-demand service that is especially useful for those in wheelchairs or who have other special needs. (Photo: Ford Motor Co.) Ford Motor Co. is no longer offering rides to the doctor’s office. The Dearborn-based automaker said it is pulling the plug on its non-emergency medical transport service called GoRide Health, at… Continue reading Ford program offered rides to doctor’s offices. Why they’re ending it.
Tesla changed the release dates for the most and least expensive versions of the Cybertruck by a year (TSLA)
Tesla has changed the production timelines for the most and least expensive trims of its Cybertruck pickup truck. It said production for the three-motor, all-wheel-drive Cybertruck, which starts at $69,900, would begin in 2021, a year earlier than Tesla first announced. The single-motor, rear-wheel-drive Cybertruck, which starts at $39,900, will enter production in late 2022,… Continue reading Tesla changed the release dates for the most and least expensive versions of the Cybertruck by a year (TSLA)
BMW and Hyundai hacked by Vietnamese hackers, report claims
Image: Pablo Martinez German media is reporting that hackers suspected to have ties to the Vietnamese government have breached the networks of two car manufacturers, namely BMW and Hyundai. The report, coming from Bayerischer Rundfunk (BR) and Taggesschau (TS), claims that hackers breached the network of a BMW branch sometime this spring. The attackers allegedly… Continue reading BMW and Hyundai hacked by Vietnamese hackers, report claims
Aston Martin not actively pursuing new investors as opens SUV plant
ST ATHAN, Wales (Reuters) – Aston Martin (AML.L), which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. A name plate for the James Bond 1965 Aston Martin… Continue reading Aston Martin not actively pursuing new investors as opens SUV plant
Mercedes-Benz Starts Battery Pack Production For PHEVs In Thailand
Daimler put its third (out of nine planned) battery pack production facilities into operation. Mercedes-Benz has announced the start of battery pack production for plug-in electric cars in Bangkok in Thailand, which was promised in 2018. Through an investment of more than €100 million ($111 million), the German manufacturer, together with local partners Thonburi Automotive… Continue reading Mercedes-Benz Starts Battery Pack Production For PHEVs In Thailand