by Joseph Szczesny | Oct 24, 2018
Apple has filed for a new patent for a suite of technology called “Peloton” which allows multiple self-driving cars to share battery capacity using a “connector arm,” according to trade publications that ferret out patent applications. The connector arm is used...
by Joseph Szczesny | Oct 24, 2018
Car makers from around the world will pause briefly during the next couple of weeks to unveil their financial statements for the July-September quarter, which, on balance, was relatively calm despite rising pressure on their margins from Chinese and American tariffs....
by Joseph Szczesny | Oct 23, 2018
Ford isn’t standing still in the face of changing business and economic climate, the company’s top executive said this week. Ford Motor Co. CEO Jim Hackett was also talking up the company’s prospects as he met with dealers and employees this week. At...
by Joseph Szczesny | Oct 22, 2018
After two years of speculation about if it and when it would do so, Fiat Chrysler Automobiles agreed to sell Magneti Marelli to KKR’s Calsonic Kansei for $7.14 billion, or 6.2 billion euros. The new company, which is now the world’s seventh largest auto supplier, will...
by Joseph Szczesny | Oct 19, 2018
Daimler AG trimmed its earnings outlook for 2018, blaming the rising cost of fines and litigation over the emissions from the company’s diesel engines and a sharp reduction in the earnings by Mercedes-Benz Cars for the expected decline. “The main factor is...
by Joseph Szczesny | Oct 19, 2018
Geely Automobile Holdings Ltd has moved to end speculation that its entrepreneurial chairman, Li Shufu, has benefited from political ties to China’s President for life, Xi Jinping. Li Shufu, who is increasingly active in the global automotive industry, has moved...
by Joseph Szczesny | Oct 18, 2018
Uber could raise as much as much as $120 billion, dwarfing the market capitalization of General Motors, Ford and Fiat Chrysler, when it launches an initial public offering next summer, according to a report in the Wall Street Journal. Uber is already in discussions...
by Joseph Szczesny | Oct 18, 2018
(This story has been updated to more accurately represent partnership between Volkswagen and Ford.) Just a day after rumors circulated about the state of its open-ended partnership with Volkswagen AG, Ford Motor Co. expanded its alliance with India’s Mahindra...
by Joseph Szczesny | Oct 17, 2018
Porsche is adding two new models to its Panamera line-up: Panamera GTS and Panamera GTS Sport Turismo models, positioned between the Panamera 4S and Panamera Turbo variants, giving customers seeking a sportier driving experience, said Porsche officials. As compared to...
by Joseph Szczesny | Oct 17, 2018
An unseasonal rise in the cost of gasoline this autumn appears to have leveled off this week, according to AAA. At $2.89, the national gas price average is 2 cents cheaper than it was a week ago amid consumer gasoline demand declining for a third week. But the price...
by Joseph Szczesny | Oct 16, 2018
Selling station wagons to American motorists has been an uphill battle, maybe even tougher than selling ice in Alaska given the pace of climate change. But Volvo, which throughout the years has made its share of iconic station wagons, is launching a new one, the V60,...
by Joseph Szczesny | Oct 15, 2018
BMW expects its earnings to drop by almost $600 million next year if the trade war between the U.S. and China remains frozen in place, the German automaker’s CFO Nicolas Peter said during an interview with Automobilwoche, one of Germany’s leading...
