Category Archives: milestones

SoftBank Vision Fund to Invest $2.25 B in GM Cruise

The SoftBank Vision Fund investment will be made in two phases. At the closing of the transaction, the Vision Fund will invest the first tranche of $900 million. At the time that Cruise AVs are ready for commercial deployment, the Vision Fund will complete the second tranche of $1.35 billion. Continue reading

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Monthly Sales Reports Die as GM Shifts to Quarterly Updates

“Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” said Kurt McNeil, U.S. vice president, Sales Operations. Continue reading

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70 Years Porsche Sports Cars at Retro Classics

The Porsche Museum is celebrating “70 years of the Porsche sports car” at this year’s Retro Classics exhibition on March 22–25, 2018, at the Messe Stuttgart trade fair center. Continue reading

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Troubled Asset Relief Program – Total Cost $32B

The Troubled Asset Relief Program (TARP) of 2008 and other desperate actions let the Department of the Treasury promote stability in financial markets through the purchase and guarantee of “troubled assets.” It was a latter part of the Emergency Economic … Continue reading

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Largest US Auto Exporter – BMW Manufacturing

BMW Manufacturing has exported 272,346 BMW X models from the Spartanburg plant during 2017. Nearly 87% of these “Sports Activity Vehicles and Coupes” were exported through the Port of Charleston with a value of approximately ~$8.76 billion, according to data from the U.S. Department of Commerce. Continue reading

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Renault-Nissan-Mitsubishi and Didi Chuxing Sign Chinese Car-Sharing MoU

Automotive Alliance to explore future business opportunities with global Chinese transportation company. Continue reading

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Automotive Hall of Fame Honors Roy Lunn and GT40

Lunn was ideal to work for Ford. A former designer and engineer for AC, Jowett, and Aston Martin, he previously led a Le Mans campaign for Aston and his work had led him, eventually, to a position in Dearborn – via Ford of England where he designed the Anglia. In that Detroit suburb, notable for a racist Mayor, Lunn contributed to the mid-engine 1962 Ford Mustang I. Continue reading

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Racing Legend Dan Gurney Dead at 86

Gurney was also the first driver to spray champagne on the podium, inadvertently starting a tradition that is now imitated all around the world. Hoosier milk doesn’t foam, though. Continue reading

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More Significant Stories, Trends of 2017. And 2018?

A real victory starting in 2016 came from the work of the Union of Concerned Scientists. (Trump of course wants to ban the word and work of “science” because of its relentless search for the truth that in personal practice Trump has banned as a guiding principle for the largest democracy in the world.) Continue reading

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BMW Sets Two Guinness World Records for Drifting

To accomplish these exploits, BMW worked with North Carolina based automotive fabricators, ironically called, Detroit Speed to develop a custom dry break fuel system capable of refueling the BMW M5 mid-drift similar to the way that fighter jets can refuel in mid-flight. The resulting fueling system allowed Schwartz to drift continuously for the entire eight hours allocated. Continue reading

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Alfa Romeo Returns to Formula 1 in 2018 via Sauber

The single-seat race cars will carry the colors and logo of Alfa Romeo with Alfa Romeo Sauber F1 Team the team’s Title Sponsor, and will be equipped – no surprise – with 2018 Ferrari power units, not Ram diesels. Continue reading

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GAC Motor to Export Trumpchi Vehicles to US in late 2019

One hopes they will be suited better to their purpose than their coincidental namesake, which might not survive the ocean voyage. GAC hopes it will be the first Chinese car brand to succeed in the U.S. market, despite years of promises from other firms. Continue reading

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NAFTA Talks Stalled. Doomed?

There are three main options if the NAFTA negotiators do not reach a new agreement: the parties could continue to negotiate, knowing that there would be limited time to get the agreement approved in all three countries; the three countries could agree to continue trading under the existing agreement; or one or more parties could withdraw from NAFTA, effectively terminating the agreement. Continue reading

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DENSO to Spend $1 billion in Tennessee

Globally, DENSO claims to be a leading developer of electrification systems for automobiles, tasks involved in vehicle safety and security, and newer areas that connect vehicles and society. These systems will play a crucial role in meeting increasing electric vehicle demand, says DENSO. Continue reading

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Glub? Aston Martin Going into Submarine Business!

In the deal at sea appropriately announced at the Monaco, Aston Martin Consulting will work on a partnership that it claims will lead to an exclusive, strictly-limited edition submersible Project Neptune takes Triton’s three-person platform as a basis upon “to explore a new iteration of Aston Martin’s progressive design language.” Continue reading

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