Category Archives: auto news

FCA Balks at French Government In-Laws. Renault Marriage Off

However, Renault’s Board of Directors was unable to take a decision due to the request by the representatives of the French State to postpone the vote to a later Council. Continue reading

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Trump Tariffs on Mexico – Job Destroying Taxes on Workers

Ultimately, prices on models imported from Mexico could increase by $8500. Factoring in parts for assembly in the US, the average price of all vehicles sold in the US could rise by as much as $2,500-3,000. the substantial increase could lower sales by 500,000-1.5 million units annually. Continue reading

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Renault Board Confirms Expenses Improperly Used by Ghosn

Several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations. Continue reading

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Renault’s Board of Directors Continue FCA Merger Study

The proposed combination would create a global automaker, pre-eminent in terms of revenue, volumes, profitability and technology, benefiting the companies’ respective shareholders and stakeholders, according to FCA. Continue reading

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Chinese Junk Watch – Recalled ION Audio Sport Express

Consumers should immediately stop using the recalled portable speakers and contact ION Audio for a refund in the form of an ION Audio gift card. Ion Audio has received five reports of speakers exploding including four incidents resulting in property damage to the surrounding area. No injuries have been reported. Continue reading

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Volkswagen ID.R Sets New EV Record on The Nürburgring

The Volkswagen ID.R, powered by two electric motors, lapped the Nürburgring-Nordschleife in 6:05.336 minutes – faster than any electric vehicle before it. Romain Dumas (F) beat the previous record set by Peter Dumbreck (GB, NIO EP9) in 2017 by 40.564 … Continue reading

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Dixon – Last and First in Detroit Indy Car Weekend

Josef Newgarden, driver of the #2 Hitachi Team Penske IndyCar Chevrolet V6, won on Saturday, during the first of two weekend Chevrolet Detroit Grand Prix races on Belle Isle in Detroit, Michigan. The win solidified Newgarden’s spot – for the moment only – as the top driver in the point standings. Rossi, Dixon, Pagenaud and Sato all drive like a series winner. Continue reading

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GM to Invest $24m Expanding Full-Size Truck Production

Combined sales of the Chevrolet Silverado 1500 and GMC Sierra 1500 crew cab pickups, which launched in the second half of 2018, were up a claimed 20% in Q1 of 2019 versus a year ago. However, total sales of Silverado and Sierra were off 15%. Continue reading

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Ferrari SF90 Stradale – a New Production +$500,000 Supercar

The SF90 is immoderate on every level because it delivers unprecedented performance for a production car. Figures such as 1000 horsepower with three electric motors helping and 390 kg of downforce at 250 km/h not only put the SF90 Stradale at the top of its segment, but also means that a V8 is the top-of-the-range model for the first time in the marque’s history. It can travel up to 15.5 miles (25 km) in zero-emissions electric power only – making legal in cities that ban use of conventional gasoline engines.  Continue reading

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INFINITI Leaves Hong Kong for Yokohama in EV Reorg

The relocation is an attempt to address a disconnect with
global design, research and development and manufacturing functions based in
Japan. This connection is said to crucial as INFINITI ramps up development of
its battery electric and e-POWER offerings. Continue reading

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BMW North America Appoints Uwe Dreher to VP Marketing

 A 17-year employee of the BMW Group, Dreher is said to have a wide range of marketing expertise with positions both at headquarters in Munich and abroad. He started with the company in 2002 working on brand management with MINI at the time of the relaunch of the brand. Continue reading

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Hyundai Shows Performance Control for Commercial EVs

The ability to calculate the gross weight of a moving vehicle in theory means that an electric vehicle’s torque output can be optimized to maximize estimated remaining range. This reduces potential wheel spin and reduced traction when a vehicle is carrying less payload, increasing commercial efficiency. The new technology also allows for changes in torque output based on topography, altering the amount of torque needed to propel a vehicle uphill based on its gross. Continue reading

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BMW Honors Designer Marcello Gandini

Like many Italian show cars of the 1960s and 1970s, the original BMW Garmisch was developed by Bertone as an independent design proposal intended to demonstrate the studio’s creativity. Continue reading

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Groupe Renault Board Meeting Now on FCA Merger Bid

Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading

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Carvana Ups Size, Price of Common Offering. Results Unknown

The offering is subject to customary closing conditions. Wells Fargo Securities, Citigroup and Deutsche Bank Securities acted as book-running managers for the proposed offering. Continue reading

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