Volkswagen AG, unveiling a version of the revamped Jetta sedan, said it’ll invest more than $3.3 billion in North America to help lift the brand out of irrelevance in the U.S. The spending through 2020 will mostly go toward new models, including two more planned sport utility vehicles designed to finally turn VW’s fortunes, after lingering at… Continue reading VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Tag: Financial Results
Top Automotive Industry News for Week of January 8 – January 14, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week January 8, 2018 – January 14, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 2018 Detroit Auto Show Preview: Here’s What to Expect (Car &… Continue reading Top Automotive Industry News for Week of January 8 – January 14, 2017
Toyota Kicks Off Detroit Auto Show with Its ‘Walk In My Boots’ Community Outreach Program By Helping Local Families In Need
Donates Winter Boots and Socks To Homeless and Low-Income Families Enriching Lives…One Step At A Time at The Salvation Army Harbor Light/Booth Family ShelterHeld in conjunction with the 2018 North American International Auto Show January 14, 2018 DETROIT, Jan.13, 2018 – For the seventh consecutive year, while showcasing new vehicles at the North American… Continue reading Toyota Kicks Off Detroit Auto Show with Its ‘Walk In My Boots’ Community Outreach Program By Helping Local Families In Need
Fiat CEO Sees Room to Double Profit by 2022
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne, one of the longest-serving bosses in the auto industry, said the company can double profit within five years by exploiting the potential of the Jeep brand. Sergio Marchionne Photographer: Chris Ratcliffe/Bloomberg With the offroad nameplate in position to grab as much as 20 percent of the… Continue reading Fiat CEO Sees Room to Double Profit by 2022
No pedal to the metal in GM’s planned self-driving Cruise AV car – Times of India
DETROIT: General Motors Co is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said. For passengers who cannot open doors, the Cruise AV – a rebranded version of GM‘s Chevrolet Bolt… Continue reading No pedal to the metal in GM’s planned self-driving Cruise AV car – Times of India
Carillion crunch rescue talks to resume
Talks will continue later to try to save the troubled construction firm Carillion amid reports it could collapse by Monday. Its future is being discussed at high-level Whitehall meetings, the BBC understands. The government contractor is involved in major projects such as the HS2 high-speed rail line, as well as managing schools and prisons. Carillion… Continue reading Carillion crunch rescue talks to resume
Carillion’s woes
UK construction firm Carillion is in huge financial trouble. The UK’s second-largest construction company is shouldering a whopping £1.5bn debt pile and some fear it could collapse into administration. The big concern is over the disruption this might cause, given Carillion holds so many government contracts – from building hospitals to managing schools. It also… Continue reading Carillion’s woes
Ford Revives Ranger as Truck Sales Boom Beckons Return to U.S.
Big-truck king Ford Motor Co. has been missing out on soaring mid-size pickup sales. It’s now bringing its Ranger model back to make up for lost time. The American version of the Ranger debuting Sunday at the Detroit auto show and going on sale next year reverses course on Ford’s 2011 decision to depart what… Continue reading Ford Revives Ranger as Truck Sales Boom Beckons Return to U.S.
TriForce Tokens Blockchain Gaming Welcomes Angel Investor David Drake to Advisory Board
NEW YORK, Jan. 13, 2018 /PRNewswire/ — Blockchain-powered gaming platform TriForce Tokens is pleased to bring on board LDJ Capital Chairman David Drake as an adviser, strengthening its bid to revolutionize the multi-billion dollar online gaming industry with proven venture capital expertise. Triforce Tokens has reached yet another significant milestone in recognition and acceptance, with renowned venture capitalist… Continue reading TriForce Tokens Blockchain Gaming Welcomes Angel Investor David Drake to Advisory Board
Fastned Raises $14.8 Million In 10 Days, Will Install 350 kW Chargers
Fastned Raises $14.8 Million In 10 Days, Will Install 350 kW Chargers 30 mins ago by Mark Kane Fastned charging station Dutch company Fastned is covering the Netherlands, Germany and other European countries with fast chargers, but what Fastned’s doing really fast is selling bonds. Fastned charging station In just 10 days, the company was… Continue reading Fastned Raises $14.8 Million In 10 Days, Will Install 350 kW Chargers