Tag Archives: Industry

Aston Martin to follow Ferrari with IPO?

Aston Martin may be about to follow in the footsteps of Ferrari and launch an initial public offering. People familiar with the matter told Bloomberg that a decision hasn't been made and that Aston Martin is waiting for its 2017 financial results before proceeding further. Should the go-ahead...

Read More »

Lamborghini expands plant

Lamborghini delivered a record 3,457 cars in 2016. With the arrival of its new Urus SUV, Lamborghini is predicting the number of deliveries to double. With Lamborghini choosing to assemble the Urus at its home in Sant'Agata Bolognese, some major upgrades are in store for the site. The main...

Read More »

Report: Ford firing CEO Fields, self-driving car boss taking over

According to a report from Forbes, Ford [NYSF: F] is set to announce on Monday that it has fired President and CEO Mark Fields and replaced him with former Steelcase CEO Jim Hackett. According to the report, the change is being made because Executive Chairman Bill Ford, Jr. and the rest of the...

Read More »

GM to end sales in India, manufacturing in South Africa

General Motors on Thursday made major announcements concerning its operations in India and South Africa. The automaker confirmed that it will cease sales in India by the end of 2017, though it will still continue to manufacture cars there for export. Stefan Jacoby, who heads GM's unit for...

Read More »

Germany passes law to allow self-driving cars on public roads

Despite being home to some of the world's biggest automakers, Germany has lagged other countries when it comes to legislation allowing for self-driving cars to take to public roads. That changed on May 12 when the government there passed a law that lists the conditions under which self-driving cars...

Read More »

VW Group CEO Matthias Müller under investigation

Volkswagen Group CEO Matthias Müller is in legal hot water for the first time due to an investigation into whether he adequately disclosed information on the diesel emissions cheating scandal to shareholders. Bloomberg reports that German prosecutors have opened an investigation into whether...

Read More »

Ford confirms large-scale job cuts for North America, Asia

Amid pressure from shareholders over its underperforming stock price, Ford has confirmed it will shed 10 percent of its salaried workforce in North America and Asia. The automaker said it plans to accomplish the cuts through voluntary buyouts and early retirement packages. In all, the 10 percent...

Read More »

McLaren design boss Frank Stephenson rumored to rejoin Mini

Owners of the first generation of the modern Mini should be doing a happy dance today, because if a certain rumor is true the man behind the iconic, retro-inspired design could be coming home to the brand. Motoringfile, a site exclusively focused on Mini-related news, is reporting a rumor that...

Read More »