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Category Archives: milestones
Renault Returns the Nissan Abstinence Vote Favor
This after the French government asked for more time to study the FCA Renault merger when it learned that Nissan intended to abstain from a vote that would allow it to go forward. Continue reading
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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Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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McLaren GT – Grand Tourer in the £163,000 Pound Class
Positioned alongside the existing Sports, Super and Ultimate Series families, this McLaren is for a new audience – it’s hoped – providing an “alternative to existing products in an expanding market segment.” Continue reading
Renault, Klépierre Join on Shopping Center Mobility Services
Groupe Renault and Klépierre are also developing multi-use charging hubs for electric vehicles, dubbed “Charging Houses or Maisons de charge.” These stations will be installed by Groupe Renault in the car parks of shopping centers located in high population areas and will be used primarily by visitors during the day and residents at night and on weekends. Continue reading
Ford GoRide Health Launches First Public Service
GoRide Health is operating in Toledo now, with service coming to Cincinnati, Cleveland and Columbus by the end of the year. Later this year, the business plans to begin offering its services in major cities in Florida, beginning with Miami. In 2020, it plans to expand to several other states, including North Carolina, Louisiana, Texas, and California. Continue reading
Milestones: 10 years of the Porsche Panamera Sedan
No modest hype from what used to be a race car purveyor. IT was positioned as “Like no other car in the luxury car class, this model combines the performance one would expect from a sports car with the luxury and versatility of a touring saloon.” (Milestones – 500,000 Porsche Cayenne Made in Leipzig) Continue reading
Cayenne Coupé Marks Asian Premiere
Porsche delivered more than 31,000 units of the Cayenne in China in 2018, representing an increase of 19% compared with the previous year in the slowing Chinese market. With more than 80,000 shipped vehicles, China was once again the biggest individual market for Porsche in 2018. Continue reading
Ford Shakes Up Top Management. Again.
Ford Motor Company today announced leadership changes in the ongoing remake of its under-performing business (Ford Motor Company Declares Q2 Dividend of $0.15*). Joe Hinrichs is appointed president, Automotive, effective May 1. In this role, he will lead Ford’s drive to strengthen its Automotive operations and help deliver a sustainable global EBIT margin of at least 8%, about half that of the world’s leading automotive groups. Continue reading
Porsche E-sports – First Global Virtual Racing Series?
Forty “sim racers,” who have successfully made their way through a global qualifying process, will compete in series of ten online races – the first gets underway on April 13 on the virtual version of the Barber Motorsport Park in Alabama, USA. The final race will take place on September 28 at the Circuit Monza, Italy. The championship offers a $100,000 prize pool, according to a 1 April release. Continue reading
Daimler and Geely Form Joint Venture to Develop smart
It’s said that smart will gain shared expertise in manufacturing, engineering and design from both groups. Also, smart will expand to meet demand for electrification, with production based in China. The EVs will be assembled at a new purpose-built electric car plant with global sales due to begin in 2022 in what is said to be an all-electric product renewal. Continue reading
Ford Shakes up European and International Markets as CFO Shanks Retires. Restructuring Continues as Stock Languishes
The more significant news, perhaps, is happening at Ford’s European money pit and its struggling International Markets Group. Peter Fleet, president of IMG, has announced his intention to retire. Fleet, 51, held leading in Ford marketing, sales and service, and business operations globally for nearly 30 years. Prior to the establishment of the International Markets Group, Fleet served as president of Asia Pacific, leading all of Ford’s operations and partnerships across the region. Previously, he was president of Ford ASEAN and vice president, Sales, Ford of Europe. Continue reading
Toyota and Suzuki Agree to Consider a New Collaboration
The slow-moving Japanese companies say Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles, allows for growth through joint collaboration in production and in the popularization of electrified vehicles. Continue reading
Custom Coachwork Beetles at Amelia Island Concours
“While everyone knows the humble Beetle, it’s less well-known that the Beetle platform was used by a number of coach-builders in Europe to produce the amazing, unique vehicles on show this weekend,” said Klaus Bischoff, Head of Volkswagen Design. Continue reading
Bertha Driving the Benz Celebrated
Bertha Benz raised public attention to an invention of her husband Carl by undertaking the first long-distance car journey to Pforzheim covering nearly 100 kilometers more than 130 years age. Continue reading
Ford House Previews Spring ‘Driven by Design’ Exhibit
Three rare vehicles never shown together will be the centerpiece: a breathtaking1939 Lincoln Continental prototype, the 1932 Ford Model 18 Speedster and 1934 Ford Model 40 Special Speedster. These three vehicles tell the story of Edsel Ford’s role in bringing design to Ford Motor Company. Continue reading →