Tag Archives: Industry

Lincoln to start production in China in 2019

Lincoln is set to join the increasingly long list of luxury automakers building cars in China. The brand has confirmed it will start production of an SUV in the country in late 2019. Lincoln didn't name the vehicle but said it will be it suited to Chinese tastes, suggesting that it might be a...

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Group led by AC Cars buys bankrupt sports car startup Zenos

In January, we learned that British sports car startup Zenos had entered administration, a process similar to bankruptcy protection. A group led by fellow British sports car brand AC Cars, maker of the legendary AC Cobra, has since acquired the rights to the Zenos name and all of the...

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Chery files trademark complaint against Mercedes’ EQ sub-brand

Mercedes-Benz used the 2016 Paris auto show to launch a new sub-brand for electrified cars called EQ. Since then Mercedes has used the EQ Power+ name on its 2017 Formula One car and Mercedes-AMG GT concept to denote the cars' respective hybrid powertrains, and eventually the automaker will...

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BMW to launch 40 new or updated models in next 2 years

Having lost the luxury car sales race to Mercedes-Benz in 2016, BMW is planning an aggressive roll-out of new products over the next two years to claw its way back to the top spot. In a press conference held Tuesday in Munich, Germany to outline its financial results, BMW's CEO Harald...

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Uber President quits after 6 months

Uber President Jeff Jones has quit just six months after joining the ridesharing firm. CEO Travis Kalanick hinted at the reason for Jones' departure in an email sent to staff on Sunday announcing the move. (Prior to joining Uber as second in command, Jones was Chief Marketing Officer at...

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Toyota going big in Texas with ranch and private race track

Toyota is in the midst of moving its North American headquarters from California to Texas. The new facilities should prove to be a state of the art example of what you can find in the offices of a top-tier global company. That's not all that Toyota is building out in Texas, however. As we've...

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VW pleads guilty to diesel scandal felonies

The Volkswagen Group on Friday pleaded guilty to three felony charges relating to its diesel emissions cheating scandal as part of January's settlement with the Justice Department and Customs and Border Protection regarding any criminal misconduct tied with the scandal. The charges included...

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Volkswagen CEO says he’s open to merger talks with Fiat Chrysler

Fiat Chrysler Automobiles CEO Sergio Marchionne has made little secret of his desire to merge with another major automaker due to the significant changes facing the auto industry and the steep capital costs those changes entail. Automakers Marchionne has courted include Ford, General Motors, Toyota...

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