UPDATE 1-Tesla cuts price of mass-marked Model 3, lifts prices of premium EVs

FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. Picture taken June 1, 2018. REUTERS/Mike Blake/File Photo BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) has lowered the price of its mass-marked Model 3 and raised the prices of… Continue reading UPDATE 1-Tesla cuts price of mass-marked Model 3, lifts prices of premium EVs

Osram says AMS has made non-binding takeover offer at 38.50 euros per share

FRANKFURT, July 15 (Reuters) – German lighting group Osram Licht on Monday said it had been approached by Austria’s AMS to discuss a non-binding takeover offer at 38.50 euros per share. The offer from AMS comes after Osram backed an approach from private equity firms Bain and Carlyle at 35 euros per share. (Reporting by… Continue reading Osram says AMS has made non-binding takeover offer at 38.50 euros per share

Ford Commercial Vehicle Sales Set Q2 Record, One in Four Passenger Vehicles Sold is an SUV

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Ford Commercial Vehicle Sales Set Q2 Record, One in Four Passenger Vehicles Sold is an SUV

“We are introducing fresh SUVs – including the new Puma, new Kuga family and upcoming Explorer PHEV– at the right time to meet growing customer demand. Meanwhile, our leadership in commercial vehicles continues with sales volume up in the second quarter.”

Roelant de Waard, General Manager, Passenger Vehicles, and Vice President, Marketing, Sales and Service, Ford of Europe

Download the Sales Release PDF

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 196,000 pe..

Goodyear Declares Dividend on Common Stock

AKRON, Ohio, July 15, 2019 /PRNewswire/ — Directors of The Goodyear Tire & Rubber Company (NASDAQ: GT) have declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable Sept. 3, 2019, to shareholders of record on Aug. 1, 2019. The payout represents an annual rate of 64 cents per share. Goodyear… Continue reading Goodyear Declares Dividend on Common Stock

Ford, UAW to kick off contentious contract talks

DETROIT (Reuters) – The United Auto Workers and Ford Motor Co (F.N) will officially launch talks on a four-year contract on Monday that are expected to be contentious, with rising healthcare costs, job security and the use of temporary workers expected to be major sticking points. FILE PHOTO: United Auto Workers (UAW) union President Gary… Continue reading Ford, UAW to kick off contentious contract talks

Dr Andy Palmer receives Honorary Doctorate from Cranfield University

28 June 2019, Gaydon, UK: Aston Martin Lagonda President and Group CEO, Dr Andy Palmer, today received an Honorary Doctorate from Cranfield University, in recognition of his “drive, determination and constant quest for innovation.”
Professor Sir Peter Gregson, Chief Executive and Vice-Chancellor of Cranfield University, went on to say that Palmer is “spearheading the way in which the UK embraces Industry 4.0.”
Since joining the business in 2014, Palmer has led the transformation of Aston Martin Lagonda, highlighted by record financial results and becoming the first automotive brand to be listed on the London Stock Exchange for 30 years.
Cranfield is the UK’s only exclusively postgraduate university, focused on creating leaders in technology and management. The university awards honorary degrees to those who positively influence those sectors.
On receiving his Honorary Doctorate, Palmer said: “I am delighted, honoured and deeply humbled to receive an honorary degree from Cranfield Unive..

ASTON MARTIN VALKYRIE WOWS CROWDS ON PUBLIC DEBUT AT SILVERSTONE

Aston Martin Valkyrie showcased dynamically ahead of 2019 British GP
High performance test driver Chris Goodwin completes lap of Silverstone
Verification Prototype 1 now set to begin extensive physical testing regime

Saturday 13 July 2019, Silverstone, UK: Aston Martin Valkyrie has broken cover after making its dynamic public debut in front of an enthusiastic crowd ahead of the 2019 British Grand Prix.
Piloted by Aston Martin High Performance Test Driver Chris Goodwin, the 1,160bhp machine, took to Silverstone’s world-famous Grand Prix circuit for its first public demonstration run. With the focus not on outright lap time, today’s showcase offers a glimpse of what is to come from this extraordinary hypercar.
Following months of digital modelling and simulation work alongside both Aston Martin and Red Bull Advanced Technologies’ engineers, today’s drive becomes one of the first times that Aston Martin Valkyrie has been driven in the physical world – a testimony to the technological c..

Chinese EV start-up halts production in Mishawaka – ABC 57 News

Mishawaka – SF motors, an electric car company that took over the old AM General plant in Mishawaka, is apparently halting production for its main vehicle.  It also laid off several employees at its headquarters in California, according to media outlet “the verge.” The company came to Mishawaka a year ago and invested money into… Continue reading Chinese EV start-up halts production in Mishawaka – ABC 57 News

Bird has ‘positive unit economics’ with its custom scooter model, CEO says

Bird has positive unit economics, CEO Travis VanderZanden said Friday in a fiery response to a report from The Information that the scooter startup was seeking $300 million in new funding, had lost nearly $100 million and saw its revenue shrink to about $15 million. VanderZanden did not disclose Bird’s revenue. However, in a series… Continue reading Bird has ‘positive unit economics’ with its custom scooter model, CEO says

Incoming Daimler CEO Ola Kallenius Talks Mercedes EVs and Future of Diesel – Motor Trend

How is the Mercedes-AMG One hypercar coming? We’re in the middle of development right now. When will the first car be delivered, and how many will you make? Next year. Not early in the year. There will be 275. View 4 Photos What will your EQ electric vehicle family look like? We’re going to make… Continue reading Incoming Daimler CEO Ola Kallenius Talks Mercedes EVs and Future of Diesel – Motor Trend