March 20, 2019

Porsche expects more growth in 2019 after achieving new records in 2018

DOHA: Success in a time of transformation: In the 2018 financial year, Porsche AG achieved new records for operating profit, sales revenue, deliveries, and headcount. The company’s operating profit grew by around 4 percent compared with the same period in the previous year, reaching"...

March 18, 2019

Ford CEO Jim Hackett earns $17.1 million in 2018 as profit fall

INTERNATIONAL – Ford Motor chief executive Jim Hackett earned salary, bonus and stock awards of $17.1 million (R246m) in 2018, up from $16.3m the previous year, while adjusted pre-tax profit for the automaker dropped $2.6 billion from 2017, the company said on Friday.

Including"...

March 17, 2019

Velodyne Lidar CEO Wins Alliance of Automobile Manufacturers’ Autos2050 Award

(AETOS Wire) -- The Alliance of Automobile Manufacturers (Auto Alliance), a trade association representing 12 automakers, honored David Hall, chief executive officer and founder of Velodyne Lidar, Inc., as an Autos2050® award winner. Hall was selected in the award’s Ingenuity category, which pays tribute to executives for demonstrating exceptional creativity and uniqueness. The Auto Alliance recognized Hall as an industry leader by achieving his company’s goal of safe autonomous driving by providing some of the most advanced......

March 14, 2019

Fiat Chrysler to recall 862,520 US vehicles over emissions standards

INTERNATIONAL - Fiat Chrysler Automobiles NV will recall 862,520 gasoline-powered vehicles in the United States that do not meet US emissions standards, the Environmental Protection Agency said on Wednesday.

The"...

March 14, 2019

Volkswagen aims to produce almost 50 per cent more electric cars than it previously targeted

Volkswagen aims to produce almost 50 per cent more electric cars than it previously targeted, boosting a bet that has already strained profit margins.

The world’s largest automaker now plans to build 22"...

March 13, 2019

Continental Technology powers Jeep Wrangler’s new eTorque Mild-Hybrid System

Continental, the leading German tire and automotive technology company, is partnering with Fiat Chrysler Automobiles (FCA) to develop an eTorque mild-hybrid technology that will be applied on the all-new Jeep® Wrangler. Continental’s industry-first, liquid-cooled 48-volt Eco Drive"...

March 11, 2019

Hyundai driving talks for new Seoul HQ

Hyundai Motor is in talks with potential investors to develop its new headquarters planned for the South Korean capital of Seoul to share additional investment costs worth about 3.7 trillion won ($3.27 billion), it said on Sunday.

The"...

March 10, 2019

Nissan launches IMQ concept at 2019 Geneva Motor Show

Nissan unveiled the all-new IMQ concept vehicle, an advanced technology and design showcase that signals the direction of the next generation of crossovers.

Unveiled at the Geneva International Motor Show, the"...

February 28, 2019

Fiat Chrysler announces $4.5 bn investment plans

NEW YORK: Fiat Chrysler announced plans for $4.5 billion in new US investment to upgrade five plants and build the first new assembly plant in Detroit in almost three decades.
The announcement — a bet on strong US demand for larger vehicles for the foreseeable future —"...

February 24, 2019

Daimler and BWM to invest €1bn to take on mobility tech rivals

Daimler and BMW will invest more than €1 billion (Dh4.16bn) to expand their merged car-sharing and ride-hailing operations to take on the likes of Uber Technologies and Lyft.

The investment by the two biggest"...