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Category: Motorized Vehicle


Industry Focus Areas, Motorized Vehicle

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

June 13, 2018

Via: Reuters

The value of six-year-old Grab will be just over $10 billion after the investment, said a person familiar with the matter. The deal comes as the auto industry faces a spike in the need for technological prowess with the advent […]


Industry Focus Areas, Motorized Vehicle

Ford Europe’s Future Under Scrutiny Again As Profit Prospects Melt

June 13, 2018

Via: Forbes

As Ford Motor prepares revolutionary but unspecified changes to enable the company to survive and thrive in an era of autonomous and electric cars, investors are wondering if unprofitable parts of the company like Ford Europe can survive the transition. […]


Industry Focus Areas, Motorized Vehicle

Switch to electric cars threatens 75,000 German auto industry jobs

June 5, 2018

Via: Reuters

FRANKFURT (Reuters) – The switch to electric cars puts 75,000 engine and gearbox manufacturing jobs at risk, a study commissioned by German trade unions and the auto industry showed. The auto industry accounts for 840,000 jobs in Germany, of which […]


Industry Focus Areas, Motorized Vehicle

Tesla’s Musk laments Singapore electric vehicle stance

June 4, 2018

Via: Reuters

SINGAPORE (Reuters) – Elon Musk, chief executive of U.S. electric vehicle (EV) maker Tesla Inc, defended his view that Singapore was not supportive of EV ownership after a commentary in the city-state’s biggest newspaper criticized the billionaire’s social media post. […]


Industry Focus Areas, Logistics, Motorized Vehicle, Process

May U.S. sales expected to rise behind extra selling day, holiday deals

May 30, 2018

Via: Automotive News

U.S. new-vehicle sales are expected to rise in May, thanks to an extra selling day and deals over the long Memorial Day weekend. Forecasts from Cox Automotive, Edmunds and LMC Automotive/J.D. Power call for sales to rise about 3 percent, […]


Industry Focus Areas, Motorized Vehicle, Process, Production

Nissan to cut North American output up to 20% to shore up U.S. profitability, report says

May 29, 2018

Via: Automotive News

Nissan Motor Co. is slashing vehicle production by as much as 20 percent in North America to cope with falling profitability in the United States, its biggest sales market, Japan’s Nikkei business daily reported on Monday. Japan’s No. 2 automaker […]


Industry Focus Areas, Motorized Vehicle, Regulations

Tesla settles class action lawsuit over ‘dangerous’ Autopilot system

May 25, 2018

Via: Reuters

No further details of the agreement, announced in a filing in San Jose federal court late Thursday, were available. The deal still has to be approved by U.S. District Judge Beth Labson Freeman. Tesla and Steve Berman, a lawyer for […]


Industry Focus Areas, Motorized Vehicle

Ferrari Shares Defy Gravity As Profits And Sales Race Ahead

May 22, 2018

Via: Forbes

When Fiat Chrysler Automobiles floated Ferrari on the stock market just over 2 years ago, investors worried the shares were too expensive because they were valued as if it was a luxury goods company, not a storied sports car maker. […]


Industry Focus Areas, Motorized Vehicle

Model 3 price hype helps Tesla shares bounce

May 21, 2018

Via: Reuters

Shares in Tesla Inc (TSLA.O) jumped more than 4 percent on Monday as investors were encouraged by the company’s placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan. Separately, research firm Berenberg raised its price […]


Industry Focus Areas, Motorized Vehicle, Process, Production

Ford Resuming Output of F-Series After Supplier Fire

May 17, 2018

Via: Industry Week

Ford Motor Co. will resume building its biggest moneymaker, the F-150 pickup, two weeks after a fire at a supplier’s factory halted production of trucks at three plants. Production of F-Series pickups will restart first at Ford’s Dearborn, Mich., factory […]