Volkswagen may use Ford’s plants in U.S. for building cars
Volkswagen’s chief executive stated on Tuesday following a meeting at the White House that the German automaker was making an alliance with Ford Motor and might use the U.S. automaker’s capacity to build cars. VW CEO Herbert Diess stated the company was further “considering building a second car plant” in the United States, adding, “We
- Published in Ford, Volkswagen
Nissan panel puts off selection of successor to Carlos Ghosn
A Nissan Motor panel on Tuesday failed to nominate a successor to Carlos Ghosn as chairman following his arrest and dismissal for alleged financial misconduct in November, a source knowledgeable with the situation informed Reuters. Ghosn could remain in detention until the end of this year as Tokyo prosecutors prepare to rearrest him on a
- Published in Nissan
White House presses German automakers to boost U.S. investments
President Donald Trump pressed senior executives of top German automakers to boost their investments in the United States as the White House thinks about imposing new tariffs on European-made vehicles. German automakers stated after the meeting they informed Trump they planned to increase U.S. investments, but cautioned they would not be able to do so
- Published in BMW, Daimler, Volkswagen
Waymo brings self-driving taxi service in Arizona for paying consumers
Alphabet’s Waymo on Wednesday unveiled a major development in its expensive, decade-long quest for autonomous transportation: self-driving taxis that generate fares. With little fanfare, the company has started charging passengers to use its driverless vehicles in a approximately 100-mile (160 km) zone in four Phoenix suburbs – Chandler, Tempe, Mesa and Gilbert – where tested
- Published in Google
Last generation of combustion engines to be launched in 2026, says Volkswagen
Volkswagen‘s strategy chief stated on Tuesday the German automaker’s core brand is going to develop its final generation of vehicles utilizing combustion engine technology in 2026. Volkswagen made a strategy shift toward battery-driven vehicles following diesel-emissions cheating scandal in 2015, which forced the automaker to pay over 27 billion euros in fines. “In the year
- Published in Volkswagen
Do You Know These 5 Technical Terms Related to Your Car Insurance?
Before buying a car insurance you must be familiar with the technical terms related to its insurance. After understanding them thoroughly you can buy it from any leading car insurance firm more easily. An informed decision is anytime better than impulsive or ignorant one. A car policy is an investment of both your money and
- Published in Car Insurance
Timing of auto tariffs depends on talks, says US Commerce Secretary
U.S. Commerce Secretary Wilbur Ross stated that potential tariffs on automakers are aimed at encouraging companies to make more cars and other vehicles in the United States and the timing regarding any duties would depend on the success of continued negotiations. “It’s a very, very important component of the European situation,” Ross informed CNBC in
- Published in American
Daimler raises possibility of increasing stake in BAIC Motor
Daimler AG has boosted the prospect of increasing its stake in a joint venture with Chinese partner BAIC Motor, Bloomberg reported on Tuesday, mentioning people knowledgeable with the matter. Daimler has shown an interest in raising its holding in the JV to no less than 65 percent from 49 percent, as per the report. The
General Motors moves to challenge rivals in U.S. commercial fleet sales
General Motors is strengthening its competition with rival Ford Motor’s lead in sales to U.S. commercial fleets to prop up profit targets amid slowing consumer demand, according to executives at the No. 1 U.S. automaker. GM is counting on new medium-duty Silverados – equipped as tow trucks, utility bucket trucks and delivery trucks – to
- Published in Ford, General Motors
Nissan board members fails to nominate chairman to succeed Carlos Ghosn
Nissan Motor’s external board members failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the automaker following his arrest and dismissal for alleged financial misconduct, Kyodo News noted. The Japanese news agency did not mention its sources in reporting that the three members of the nine-member board had delayed the decision
- Published in Nissan
Audi to spend 14 billion euros in e-mobility and self-driving cars
Volkswagen’s premium auto brand Audi stated on Tuesday it would spend 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and self-driving. Overall, the company’s projected expenditure for the upcoming five years amounts to 40 billion euros, the company stated. It also prepares restructuring measures that will generate 1 billion in revenues uplift
- Published in Audi
Tokyo prosecutors to arrest Ghosn on new claim, prolonging custody
Tokyo prosecutors prepare to arrest Carlos Ghosn on a fresh claim of understating his earning, the Sankei newspaper reported on Tuesday, in a move that could keep the former chairman of Nissan Motor in detention until the end of this year. Ghosn has been detained in Tokyo since his November 19 arrest on suspicion of
- Published in Nissan
Senators, union press General Motors CEO on plant closings, job cuts
General Motors CEO Mary Barra, facing increasing criticism, will meet with Ohio’s two U.S. senators on Wednesday regarding the automaker’s strategies to idle five North American plants and slash up to 15,000 jobs. Senator Rob Portman, a Republican, and Sherrod Brown, a Democrat, stated in a joint statement they are going to “press” the automaker
- Published in General Motors
U.S. November car sales see positive results
Holiday season deals propped up U.S. auto sales in November, limiting the scale of yearly decline at some automakers and putting total figures on course to top experts’ expectations, numbers from several top producers revealed on Monday. No.1 automaker General Motors posted an approximately 1 percent increase in sales, according to a source knowledgeable with
- Published in American, Ford, General Motors
BMW expects currency, tariff and raw material headwinds in next year
BMW expects headwinds from increasing currency and commodities costs to reach a mid to high triple-digit million euro amount in next year, Chief Financial Officer Nicolas Peter stated on Monday. BMW still intends to reach an operating margin in the automotive segment of between 8 percent and 10 percent, Peter informed analysts at a presentation
- Published in BMW