Tag Archives: Industry

Geely looking to buy stake in Mercedes’ parent Daimler

Having just acquired Terrafugia, Lotus, and a sizable stake in Proton, holding company Zhejiang Geely's international buying spree doesn't look to be slowing down yet. State-run China Central Television (via The Standard) has reported that Geely, which also owns Volvo and Lynk & Co., plus its own eponymous car brand, is set to acquire...

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Alpine A110 enters production at historic Dieppe plant

It's been a long time coming, but Alpine's A110 is finally in production. Some readers will recall Alpine's parent company, Renault, first announced plans for the car in 2012. It was originally to be developed alongside a similar model from Caterham, but the British firm pulled out of the deal two years later. Thankfully Renault forged...

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Toyota and Panasonic look to form battery alliance

Toyota and Panasonic announced on Wednesday their intention to study the feasibility of a battery joint venture. In a statement, the companies said the joint venture is intended to address growing demand and expectations for vehicle electrification. Toyota alone is targeting the sale of 4.5 million hybrid vehicles together with 1.0 million electric and fuel...

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Ferrari tipped to reach 9,000-unit annual production target 1 year early

Since it was floated on the New York Stock Exchange in 2015, Ferrari has seen its shares rise from an opening price of $52 to 106.65 at the previous close. That's because the company is making major efforts to please investors including ramping up production and launching new, more mainstream models. Yes, we're talking about the recently...

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Japanese automakers, energy firms form new company for hydrogen filling stations

Japan's three major automakers Toyota, Nissan and Honda have teamed up with local energy firms and the Japanese government to form a new company whose purpose is to roll out hydrogen filling stations. The company, which will be established next spring, has an initial goal of 160 stations to be up and running in Japan by 2020, at which point it is...

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Budweiser brewer orders fleet of Tesla Semis

Budweiser brewer Anheuser-Busch wants its beer delivery process to be just a smidge more green. The company announced on Friday that it placed a pre-order for 40 Tesla Semis and proclaimed it's one of the largest orders to date. Tesla CEO Elon Musk has hinted that the trucks will start from as low as $150,000. Anheuser-Busch's order is part of the company's...

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Report: Uber’s Chinese rival Didi to expand to North America

A Chinese rival to ridesharing companies like Uber and Lyft may be about to set up shop in North America. According to Reuters' sources, Didi Chuxing plans to expand its app-based service to Mexico in 2018, the first time the company would be operating outside of China. Didi has said that its goal is to expand outside of China though the company is...

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Ford to build electric SUV in Mexico instead of Michigan

Ford in 2015 outlined plans for 13 new electrified cars to be launched by 2020, one of which will be an electric SUV with a range of 300 miles. The original plan was to build the SUV at Ford's Flat Rock plant in Michigan, where Ford is spending $700 million to transform the site into a hub for electric and self-driving car development. However, Ford...

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Ford to team up with Alibaba for online car sales in China

One of the most important markets for automakers exists in China. There is an unstoppable force of buying power that is growing, and it's doing so on a massive scale. Every automaker is looking to gain an edge when it comes to the Chinese market, and Ford may have just taken a big step towards breaking new ground. The Blue Oval brand is looking to team up...

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