MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations
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Toyota Launches New Mobility Ecosystem and Concept Vehicle at CES 2018
Toyota President Akio Toyoda today announced a new mobility service business alliance at CES 2018, the global technology showcase in Las Vegas. He also revealed details of a new e-Palette Concept Vehicle, designed to meet the demands of future multi-mode transport and business applications. He said: “The automobile industry is clearly amid its most dramatic… Continue reading Toyota Launches New Mobility Ecosystem and Concept Vehicle at CES 2018
China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing
FAW Car Co Ltd., a Shenzhen Stock Exchange-listed passenger car maker will take a 10% stake in bike-sharing firm Mobike’s new car-sharing unit Mobike Chuxing Technology Co, according to a securities filing by FAW. Mobike’s venture in to car sharing could place it in direct competition with China’s largest ride sharing firm Didi Chuxing. The value of… Continue reading China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing
Volkswagen plans to dismiss all temporary contract workers in German plants
Volkswagen plans to dismiss all temporary contract workers in German plants By Dietmar Henning 8 January 2018 On 4 January, the Tagesschau newspaper reported that the Volkswagen Group plans to dismiss its entire temporary contract workforce by 2020. The move is a consequence of the “Future Pact” agreed by VW, the IG Metall union… Continue reading Volkswagen plans to dismiss all temporary contract workers in German plants
McLaren Automotive achieves another year of record sales in 2017
5 Jan 2018 McLaren Automotive, the British creator of luxury sports cars and supercars, has recorded another record year of growth, selling a total of 3,340 cars in 2017. Around two-thirds of sales are attributed to the Sports Series family, the vast majority of which are new buyers to the brand, with the rest coming… Continue reading McLaren Automotive achieves another year of record sales in 2017
This is going to be the world of the automobile and mobility in 2018
The study2025 Automotive 360º VisionIt is not a crystal ball, but it is a tool that anticipates tendencies of evolution in the automobile sector and mobility. This time we want to share with you some of our impressions for next year, while we take the opportunity to wish you a great 2018. Today we all… Continue reading This is going to be the world of the automobile and mobility in 2018
So Volkswagen is to be rebuilt
Volkswagen is facing a far-reaching transformation: around one fifth of the business is to be sold – in order to save costs. Employee representatives announce resistance. Friday, 08.09.2017 18:04 clock A few days before the start of the Frankfurt Motor Show IAA Volkswagen CEO Matthias Müller makes the car world sit up and take notice:… Continue reading So Volkswagen is to be rebuilt
Volkswagen Group and leading self-driving technology company, Aurora, announce strategic partnership at CES 2018
Today, the Volkswagen Group and leading self-driving technology company, Aurora, announced a strategic partnership that brings the two companies together to bring self-driving electric vehicles to cities as Mobility-as-a-Service (MaaS) fleets. The Volkswagen Group defined its goal of becoming a global leader in autonomous driving with its dedicated Self-Driving System (SDS) in its future program… Continue reading Volkswagen Group and leading self-driving technology company, Aurora, announce strategic partnership at CES 2018
FAURECIA TO PURCHASE HUG ENGINEERING AND BECOME MAJOR PLAYER IN DEPOLLUTION SYSTEMS FOR HIGH HORSEPOWER ENGINES
Faurecia today announced that it had entered into an agreement for the acquisition of 100% of the Swiss company Hug Engineering. The company is a market leader in complete exhaust gas purification systems for engines above 750hp. Hug Engineering is currently owned by the German Group ElringKlinger. High horsepower engines are used in marine propulsion,… Continue reading FAURECIA TO PURCHASE HUG ENGINEERING AND BECOME MAJOR PLAYER IN DEPOLLUTION SYSTEMS FOR HIGH HORSEPOWER ENGINES
FAURECIA AND ACCENTURE JOIN FORCES TO REINVENT ONBOARD EXPERIENCE FOR CONNECTED AND AUTONOMOUS VEHICLES
Faurecia (EO.PA) and Accenture (NYSE: ACN) today announced they have signed a memorandum of understanding for a five-year collaboration to accelerate innovation for mobility services. Faurecia and Accenture will combine their innovation expertise and co-invest to develop products and services for connected and autonomous vehicles. They will focus initially on two areas: cognitive technologies to reinvent… Continue reading FAURECIA AND ACCENTURE JOIN FORCES TO REINVENT ONBOARD EXPERIENCE FOR CONNECTED AND AUTONOMOUS VEHICLES