Category Archives: milestones

Pew: American Middle-Class Losing Financially to Upper-Income Families

A recent Pew Research Center analysis also found that the wealth gaps between upper-income families and lower- and middle-income families in 2016 were at the highest levels recorded. Although the wealth of upper-income families has more than recovered from the losses experienced during the Great Recession, the wealth of lower- and middle-income families in 2016 was comparable to 1989 levels. Thus, even as the American middle class appears not to be shrinking (for now), it continues to fall further behind upper-income households financially, mirroring the long-running rise in income inequality in the U.S. overall. Continue reading

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Saudi’s to Finance Lucid EV

The deal claims to represent a major milestone for Lucid. It will provide it with the necessary funding to commercially launch its first electric vehicle, the Lucid Air in 2020. Continue reading

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Honda Title Sponsor of Formula One Japanese Grand Prix

“I want to have a venue for motor racing. Automobiles cannot be improved if they are not put through their paces on the racing circuit,” said founder and president Soichiro Honda. This was late in 1959 during a meeting to propose the construction of a welfare facility for the Suzuka Factory. It led to the birth of Japan’s first full-scale road racing circuit Continue reading

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Ford Using Inspection Drones at Dagenham Engine Plant

Now, controlling drones equipped with GoPro cameras allow maintenance staff to inspect each area in just 12 minutes. The whole production facility can be covered in a day, looking at hard-to-reach areas to ensure they are well-maintained and comply to safety standards. Continue reading

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JMC, Ford Develop Territory in China

Territory was developed and tested at Ford in Nanjing, China and Melbourne, Australia. The all-new SUV will be manufactured at JMC’s Xiao Lan plant. No word yet on possible export plans to North America, which is currently embroiled in Trump’s trade wars, although Ford acknowledges it has another small crossover coming there. From where is not confirmed. Continue reading

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Milestones – Production of 10 Millionth Mustang

The 10 millionth Ford Mustang is a, 460 horsepower 2019 Wimbledon White GT V8 six-speed manual convertible equipped with the latest driver assist technology and built at Ford’s Flat Rock Assembly Plant in Michigan where Mazda once built cars. Continue reading

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US DOT and EPA Want to Slash Fuel Economy Standards. Trump Administration Proposal Has Many Critics

The Trump Administration claimed that the new national automobile fuel economy and greenhouse gas emissions standards will give the American people greater access to safer, more affordable vehicles that are cleaner for the environment. Continue reading

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Global Warming to Be Twice as Bad as Predicted

Yet these significant observed changes are generally underestimated in climate model projections that focus on the near term. Compared to these past observations, climate models appear to underestimate long term warming and the amplification of warmth in Polar Regions. Continue reading

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Sergio Marchionne Dead at 66

An intense, yet approachable CEO, smitten with black sweaters and Apple products, Marchionne was capable of referring to business theories – some of them wryly his own about, say, the collective madness of the industry over autonomous and electric cars during auto show executive braggadocio, with references to linguistic philosophy, current politics and history during a single press conference. Continue reading

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Oshkosh Silliness? First Flying Car Slated for 2019

However, neither Chinese investments nor smart people appear to be in favor with President Trump who is enmeshed in a trade war with China and most U.S. allies that has the potential – or promise – to greatly harm auto companies in the U.S. and their workers. Continue reading

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Porsche Sets Record 5 Minute 19.55 Lap Time at Nürburgring Nordschleife in Marketing Ploy with an outdated 919 Hybrid

Timo Bernhard (D) lapped the 20.832-kilometer (12.94 miles) Nürburgring Nordschleife – aka Green Hell – race circuit in 5 minutes and 19.55 seconds. This is an average speed of 233.8 km/h (145.3 mph) on what is one of the world’s … Continue reading

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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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