Canada has started a fund on Thursday to invest in community-based projects to reduce emissions, with the bulk of the money coming from a fine that Volkswagen AG paid for breaking the country’s diesel emissions regulations. The C$206 million ($157 million) fund is part of the country’s new Climate Action and Awareness Fund which seeks […]
Top digital transformation trends in automotive for 2020
Technology is changing everything, and the automotive industry has not been left behind. Car manufacturers are investing in digital innovations that are improving customer experiences. A good example is car tracking. Apart from keeping track of your vehicle, there are other digitals trends that are popular in 2020. Here are some examples; 1. Internet connectivity […]
New generation Ford F-150 pickup trucks to go on sale in November
Ford Motor said on Thursday it has started production of the new generation F-150 pickup truck at its Dearborn, Michigan, plant, and expects the renovated model to go on sale in November. The new F-150 launch is “on time and on track,” Ford’s incoming CEO Jim Farley said during an event Thursday at Ford’s Dearborn […]
Volkswagen reportedly in talks to sell Bugatti to Croatia’s Rimac
Volkswagen is in talks to sell its supercar brand Bugatti to Croatian businessman Mate Rimac, Manager Magazin said on Thursday citing individuals familiar with the talks. The sale to Mate Rimac will be discussed by Volkswagen’s committees this year, the report said. Bugatti, Mate Rimac and Volkswagen have refused to comment. Rimac was founded in […]
India-China tensions delay sale of General Motors’ plant in India
Delays to American automaker General Motors’ sale of its Indian plant to Chinese automaker Great Wall Motor because of the tensions between India and China are likely to result in hefty unplanned costs for GM, people familiar with the matter said. The sale of the plant located in Talegaon in Maharashtra state was announced in January […]
Kia Motors halts factories near Seoul as eight workers contract coronavirus
Kia Motors has suspended production at all of its factories near Seoul, South Korea from Wednesday as eight of its workers have tested positive for the coronavirus, a union official said. The factory produces Kia’s Carnival SUV and its Rio small car, among other models. Kia did not have an immediate comment when it was […]
Dentsu and Toyota team up to improve marketing strategy
Dentsu Group Inc and Toyota Motor have agreed to establish a business alliance and form two companies to enhance Toyota’s communications and digital transformation strategy, Dentsu said on Wednesday. Dentsu is an advertising agency founded in 1901 in Japan. Both the companies are going to operate under a holding company, of which Toyota will own […]
Three Considerations When Renewing Your Truck Fleet
If you are looking at upgrading your current fleet of trucks, you need to do some research to find out what’s the most viable way to do so for your business. When adding more trucks or replacing old ones, you can rent, buy, or have them custom built to suit your requirements. We will break […]
Ferrari gives grand tourer a makeover with new Portofino M
Ferrari rolled out the Portofino M, a modified version of its top-selling gran tourer, on Wednesday as the sportscar maker looks for a rapid turn over of new models despite the crisis caused by the coronavirus. The new car, the first to be launched since Ferrari closed its operations for seven weeks during a COVID-19 […]
General Motors explores the market for electric ‘flying cars’
General Motors is discovering options in the aerial taxi market, including whether to construct the vehicles known colloquially as “flying cars,” as part of a push by the automaker to look for a boost in related transportation markets, two people knowledgeable with the matter said. CEO Mary Barra on Monday briefly made her first reference ever […]
Volkswagen plans to take stake in rental firm Sixt
German automaker Volkswagen prepares to take a stake in Sixt, a rental firm that has branched out into mobility services such as car-sharing and ride-hailing, Manager Magazine reported on Wednesday. Sixt is a German multinational car rental company with about 2,100 operations in more than 105 countries. The automaker could take a stake of up […]
Fiat Chrysler shares increased by PSA merger deal revision
Shares in Fiat Chrysler Automobiles (FCA) increased sharply in Milan on Tuesday after the automaker and French partner PSA modified the terms of their merger deal, with FCA’s shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which in 2019 agreed to merge to give birth to Stellantis, the […]
BMW to use software from Tactile Mobility in next-gen vehicles
Israel’s Tactile Mobility said on Tuesday its software will be embedded into the German automaker BMW’s next-generation vehicles starting in 2021. The collaboration will gear up with BMW vehicles with the ability to analyze the road surface attributes under their tires, allowing detection of road conditions. Tactile Mobility, founded in 2012, develops software that uses a […]
Tesla shares boost again due to ‘Battery Day’ excitement
Tesla Inc’s stock was set for a fifth consecutive session of gains as expectation heats up for its “Battery Day” event next week, recouping some of its latest valuation declines after a sell-off and surprise exclusion from the S&P. The company’s shares were up as much as 4.4% at $437.89 in early trading on Tuesday. Traders […]
Daimler to pay $2.2 billion in diesel emissions cheating settlements in the U.S.
German automaker Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, according to court documents. The automaker and its Mercedes-Benz USA LLC unit revealed on August 13 it had reached a settlement in principle resolving civil and environmental claims associated with 250,000 […]
