Tag Archives: Industry

Raj Nair named president of Ford North America

Following Ford's decision this week to remove Mark Fields as CEO—and name Jim Hackett as his replacement— the automaker has now announced quite a shuffle of its executive deck around the world. Foremost, Raj Nair, formerly executive vice president, product development, and chief...

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Skip Barber Racing School files for bankruptcy, seeks buyer

Famed driving instruction academy Skip Barber Racing School on Tuesday filed for bankruptcy. Specifically, the school, which has coached drivers since 1975, filed for Chapter 11 protection with a United States Bankruptcy Court for the Southern District of New York. Chapter 11 allows the company to...

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Japanese automakers band together on hydrogen infrastructure

Eleven firms from Japan's automotive and energy industries are banding together on hydrogen infrastructure. The firms, which include major automakers Toyota, Nissan and Honda, have signed a memorandum of understanding on collaboration toward the large-scale construction of hydrogen stations for...

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Geely agrees to purchase major stake in Lotus, Proton

China's Zhejiang Geely Holding Group, the company that owns the Volvo, Lynk & Co and Geely car brands, on Wednesday agreed to purchase 49.9 percent of Lotus parent company Proton from current owner DRB-Hicom. As part of the deal, Geely will also purchase a 51 percent stake in Lotus. Terms...

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Audi promises fully self-driving car by 2021

Audi has promised to launch a fully self-driving car by 2021. The target date is a popular one as it's close enough to be practical but at the same time far enough that should the target be missed few are likely to remember. Other automakers with a similar target include BMW, Ford...

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