Ford Motor Co., the more than century-old company that was first to make cars for the masses, is calling off its pursuit of everyman sedan buyers. The company responsible for putting the world on wheels with Henry Ford’s then-innovative assembly line will pivot away from being a full-line automaker, shrinking its passenger-car lineup and shifting… Continue reading Ford Cutting Loose From Cars After Years of Missing Margin Goal
Tag: Electric vehicles
Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) series A round from various investors, at a valuation of over RMB10 billion (US$1.6 billion), according to its official Weibo account. The identity of investors in the round was not disclosed. Launched in 2015, Hangzhou-based Caocao… Continue reading Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
INFINITI to go electric from 2021
INFINITI will launch its first pure electric vehicle in the same year Electrified vehicles will comprise more than half of INFINITI global sales by 2025 DETROIT – INFINITI Motor Company will introduce new vehicles with electrified powertrains from 2021, said Nissan Chief Executive Officer Hiroto Saikawa at the Automotive News World Congress today. Customers can expect… Continue reading INFINITI to go electric from 2021
Electric Ferrari supercar is under consideration
Ferrari is investigating building an all-electric supercar, Fiat Chrysler CEO Sergio Marchionne has admitted. The flamboyant exec had already made waves at the Detroit Motor Show by confirming his brand’s controversial SUV will be ready by late 2019 or early 2020. But Marchionne admitted the brand still has some way to go before an EV… Continue reading Electric Ferrari supercar is under consideration
Is BMW going to make you pay for Apple CarPlay every year?
Unlike many automakers that offer Apple CarPlay in their new cars, BMW makes you pay for it on all of their models. That’s unlikely to change, but it may soon cut a break to those who don’t use iOS or don’t like Apple’s smartphone integration system for the car. The automaker next year will turn… Continue reading Is BMW going to make you pay for Apple CarPlay every year?
Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Car Bosses Give Lukewarm Endorsements to Their Own Electric Lineups
Global automakers, rarely shy about marketing themselves with glitz and confidence, are noticeably more sober about how customers may react to their own upcoming electric vehicle lineups. Big-truck king Ford Motor Co., for example, said at this week’s Detroit auto show that it’s more than doubling electric-car spending to $11 billion — and in the… Continue reading Car Bosses Give Lukewarm Endorsements to Their Own Electric Lineups
Peugeot confident of SUV and EV push after strong sales results
Peugeot CEO Jean-Philippe Imparato believes his company is well placed to capitalise on the electric and SUV “revolutions” following a year of strong global growth. Speaking exclusively to Autocar, Imparato said that the brand’s 600,000 SUV sales in 2017, which represented 60% growth on the year before, was an example of its improving image and… Continue reading Peugeot confident of SUV and EV push after strong sales results
Automobile: the CO2 wall catches the builders
A paradox: it’s at the Detroit auto show, where a whole bunch of new 4x4s and other pickups are presented, that the builders say a little more about their situation in front of them. at the famous European “CO2 wall” . While Brussels has set relatively restrictive standards for 2021, the CEO Mercedes owner Daimler… Continue reading Automobile: the CO2 wall catches the builders
Ferrari Has Plans to Make an Electric Supercar
Ferrari NV will make a battery-powered supercar to challenge Tesla Inc. at the high end of the electric-auto market, Chief Executive Officer Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles NV, has been expanding its lineup to lift sales without losing the exclusivity of a brand associated with Italian design and… Continue reading Ferrari Has Plans to Make an Electric Supercar