Tag Archives: Industry

Ford increasing production of Expedition, Navigator SUVs

It's nothing but good news for Ford and Lincoln's full-size SUVs. Ford Motor Company (automaker announced on Monday it will increase production of the 2018 Expedition and 2018 Navigator to meet customer demand. Ford is making an additional $25 million in the Kentucky truck plant to boost output of the two SUVs. Line speed will increase with the help of 400...

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Tesla reveals 2017 financial results, records near $2B loss

Investors have rallied around Tesla, riding high on a wave of future promises from the electric car company. Tesla's 2017 financial results released on Wednesday still show the company has a long way to go, however. Tesla lost a total of $1.96 billion in 2017 and posted its worst financial quarter ever in Q4. The company ended up losing a record $675.4...

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Polestar 1 production totals may increase beyond 1,500

Following Polestar's split from Volvo to become a standalone brand, the division showed its first production model: the Polestar 1. At its debut, the brand said it planned for just 500 units a year over a three-year period. But with mounting demand, Polestar is reportedly looking into increasing the production numbers. Automotive News Europe (subscription...

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All core McLarens to feature electrification, self-driving tech beginning in 2019

McLaren will set foot in a brave new world after announcing that all of the brand's future care models from 2019 onward will boast electrified powertrains and some form of self-driving technology. An Autocar report published on Tuesday detailed the sports car and supercar maker's grand plans, which will begin with the 570S replacement. The "entry level"...

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Porsche investing $7.5B in electrification over next 4 years

Porsche will aid VW Group's electrification charge with an even larger investment than it had originally planned. Through 2022, Porsche has $7.5 billion earmarked for electrification, up from $3.7 billion. The investment will focus on plug-in hybrids, pure electric cars, the brand's Turbocharger fast-charging stations, and various other "smart mobility"...

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Iconic BMW Isetta returns as a Chinese knockoff

Chinese companies have a track record for copying other automakers. Porsches, Hondas, and even tires often have knockoff alter egos in the country. The latest digs deeper into the past, however. Eagle, a Chinese carmaker, has blatantly copied the iconic BMW Isetta, Cars News China reported Tuesday. The Isetta was built between 1956 and 1962, and its design...

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Xpeng gets $350M in funding, including from iPhone maker Foxconn

Chinese electric car startup Xpeng only revealed its G3 SUV to the world at last month's 2018 Consumer Electronics Show in Las Vegas, but the vehicle, a potential rival to the Tesla Model X, has been testing in prototype form since 2016. That's why Xpeng is confident of getting the G3 into showrooms, in China only initially, as early as this year. Xpeng on...

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Nikola selects Arizona to manufacture electric semi-trucks

Nikola has taken a major step toward bringing its extended-range electric semi-trailer truck to market. The company announced on Tuesday that Buckeye, Arizona will be home to its future manufacturing facility. The American startup debuted its One electric semi in December 2016. At that time, Nikola said production would start in 2020. The latest update from...

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VW Group holds onto title of world’s biggest automaker

The Volkswagen Group was the biggest automaker by volume in 2017 after its various brands delivered a combined 10.74 million vehicles, representing a substantial rise of 4.3 percent on 2016's total. It means the VW Group has now been the biggest automaker for two consecutive years. In second place was the Renault Nissan Mitsubishi Alliance, which delivered...

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