NIO becomes becomes one of world’s top 10 car makers by marcap China’s new energy vehicle sector saw their US listed shares rose collectively. Among them, NIO closed at US$42.35, up 12.30%, and its market value reached US$57.688 billion, a record high. This market value also exceeds that of traditional car giants such as BMW,… Continue reading China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls
Tag: FCA
SSC plans to built a “little brother” for the Tuatara – paultan.org – Paul Tan’s Automotive News
According to a report by Motor Authority, SSC plans to build a new model that slots in below the record-setting Tuatara, a project that it is calling “Little Brother.” This will help to widen the company’s line-up of offerings to draw in more customers in the future. SSC CEO Jerod Shelby revealed that the Little… Continue reading SSC plans to built a “little brother” for the Tuatara – paultan.org – Paul Tan’s Automotive News
Fiat Chrysler, PSA win Brazil antitrust approval for merger
By Reuters Staff 1 Min Read FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo MILAN (Reuters) – Fiat Chrysler FCHA.MI and Peugeot maker PSA PEUP.PA have won a green light from Brazil’s competition watchdog for… Continue reading Fiat Chrysler, PSA win Brazil antitrust approval for merger
The fossil-fuel Ferrari is running out of road
Electric sports cars accelerate fast, even if they lack the throaty roar of the traditional luxury coupe Go to Source
VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe
Volkswagen Group expects to be fined by the European Union this year for failing to achieve its CO2-reduction target for its new-car fleet — despite the automaker’s deal to pool emissions with Chinese-owned UK brand MG Motor. “We cannot provide a clear commitment at this point that we will achieve compliance. It will be a… Continue reading VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe
Honda joins Fiat in paying Tesla for Europe C02 compliance
Honda Motor Co. joined Fiat Chrysler Automobiles NV in pooling its fleet with Tesla Inc.’s to comply with emissions standards for passenger cars in Europe this year. Honda was newly added as of last week to a European Commission filing in which manufacturers declare their intent to jointly meet greenhouse-gas emissions standards. The Japanese automaker’s… Continue reading Honda joins Fiat in paying Tesla for Europe C02 compliance
@Ferrari: On track to reach the top end of the full year guidance on all metrics
2020 Guidance revised to the top end of the August 3rd guidance subject to trading conditions unaffected by further Covid-19 pandemic restrictions: Maranello (Italy), November 3, 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results(3) for the third quarter and nine months ended September 30, 2020. Shipments(4)(5) Shipments… Continue reading @Ferrari: On track to reach the top end of the full year guidance on all metrics
Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs
By David Shepardson 3 Min Read WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros ($840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is… Continue reading Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs
German Manager Magazin: Ford and Volvo agree on CO2 alliance000289
The American automaker ford tries to avoid the impending CO2 penalties in Europe through an alliance with the Swedish competitor Volvo. The companies registered their alliance with the European Union on Thursday. Ford will meet the stricter rules for CO2 emissions that have been in effect since this year together with Volvo, according to company… Continue reading German Manager Magazin: Ford and Volvo agree on CO2 alliance000289
German Manager Magazin: Ford: Pickup hype makes for profit000288
The second largest US automakerfordhas increased profit significantly in the third quarter. The bottom line was that the group earned 2.4 billion dollars (2 billion euros) in the three months to the end of September after 400 million in the same period last year. Sales rose 1 percent to $ 37.5 billion, Ford announced on… Continue reading German Manager Magazin: Ford: Pickup hype makes for profit000288