New Ford CEO Jim Farley eyes expansion into tech fields

Jim Farley

Ford Motor incoming CEO Jim Farley said on Tuesday he wants to expand the automaker’s operations into relevant technology fields, including software, fleet management, and electric vehicle charging. “These are new growth initiatives that could create a lot of value for the company,” Farley informed Reuters, after the automaker announced that he will succeed Jim […]

Ferrari’s orders accelerate after coronavirus hit to full-year outlook

Ferrari 488 Challenge

Ferrari has trimmed its full-year earnings forecast on Monday following the decline in second-quarter income of about 60% because of the impact of the coronavirus crisis but said orders were “very strong,” sending the luxury automaker’s shares increased almost 4%. Chief Executive Louis Camilleri informed analysts that last quarter’s order book was up double digits […]

General Motors asks judge to reinstate racketeering case against Fiat

General Motors and Fiat Chrysler Automobiles

General Motors on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles (FCA), saying it has new details on foreign accounts used in an alleged bribery scheme involving its smaller competitor and union leaders. In its filing to U.S. District Judge Paul Borman, GM says the scheme, which it […]

U.S. auto sales recovery continues as Toyota posts lowest decline this year

cars on urban road

U.S. new vehicle sales in July continued to show indications of recovery from the coronavirus pandemic, as Toyota Motor on Monday published its lowest sales reduction since the coronavirus crisis damaged the sector in mid-March. The Japanese automaker informed that its sales in July fell 19% versus the same month in 2019, to 169,484 units. […]

Maruti Suzuki sees increase in first-time buyers and additional purchase

New Maruti Suzuki Swift images

The percentage of first-time buyers and additional vehicle buying have boosted in the midst of the coronavirus crisis as customers prefer personal mobility over public transport, a senior official of Maruti Suzuki India said. The company also believes that while auto sales have increased in July, the outlook for the festive season will depend on how the coronavirus […]

Automotive lighting market to reach $28.77 billion by 2026

automotive lighting

Increasing concerns about vehicle safety and stringent government regulations have spurred technical innovations across the automotive lighting market. Additionally, the increasing population and rising consumer buying power throughout the developing world are expected to deliver lucrative opportunities in this space, according to a recent report. The global automotive lighting market size was valued at $18 billion in 2018 […]

Skoda’s first-half deliveries decline 31%, sees steady markets ahead

Skoda Rapid images

Skoda Auto sees signs of recovery following first-half deliveries saw a 31% decline amid coronavirus lockdown measures, the Czech automaker owned by Volkswagen stated on Friday. The automaker, a bellwether for the Czech economy which contracted by a record 10.7% year-on-year in the second quarter, stated it expected worldwide markets to stabilize gradually as long […]

Volkswagen asks U.S. appeals court to reconsider ruling on emissions updates

Volkswagen logo

German automaker Volkswagen owned U.S. subsidiary on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling which stated that two counties could seek financial penalties for excess diesel emissions that might cost the automaker billions of dollars. The 3-0 ruling in June said Utah’s Salt Lake County and Florida’s Hillsborough County […]