Tag Archives: Industry

Cosworth plans for IPO in 2019

Legendary manufacturer of Formula One engines, Britain-based Cosworth, has plans to go public in 2019 in New York. Reuters reported on Thursday that the company is looking to launch an initial public offering (IPO) after the first quarter of 2019. Today, Cosworth does much more than build engines. The British engineering company, which Ford owned until...

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Waymo eyes Europe, will likely partner with local firm

Waymo is widely seen as a frontrunner in the blooming industry for self-driving cars, though so far the Alphabet-owned company is only based in the United States. Waymo is looking at foreign markets, and at the top of the list is Europe. Europe is a different game entirely, though, and Waymo realizes this as it eyes an expansion to the old continent. Waymo...

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Daimler has 2 new electric trucks to counter the Tesla Semi

Daimler has aggressively moved to carve its niche in the electric commercial vehicle space, and the German auto giant has two new offerings for the North American market. Introduced under the Freightliner brand, the eCascadia and eM2 trucks mark Daimler's expansion into the electric heavy- and medium-duty semi market. And the first units will enter...

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GM and Honda partner on next-gen batteries

General Motors and Honda on Thursday announced plans to work together on next-generation batteries for electric cars to fast-track their development for both automakers. The batteries are said to deliver higher energy density, smaller packaging and faster charging than current designs. They will be based on a GM design, including the cells and modules...

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Rolls-Royce design chief steps down

Rolls-Royce on Wednesday announced the departure of its design chief Giles Taylor. In a statement, the automaker said Taylor had left Rolls-Royce and parent company BMW Group to pursue “alternative business interests.” A successor is yet to be named. Taylor took over the design reins at Rolls-Royce in 2012, replacing Ian Cameron who set the mark...

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Aston Martin CEO drops warning for mass-market car brands

Aston Martin CEO Andy Palmer echoed other prominent industry executives and offered up a warning to mass-market car brands: adapt or risk extinction. Palmer made the comments at an Automotive News presentation on Wednesday and struck a similar tone to Fiat-Chrysler Automobiles CEO, Sergio Marchionne. The FCA CEO delivered a similar warning in 2015 and urged...

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Mercedes-Benz Collection subscription starts at $1,095 per month

Mercedes-Benz is the latest to jump on the car subscription bandwagon with the new program Mercedes-Benz Collection starting in Nashville, Tennessee and Philadelphia, Pennsylvania on Tuesday. The program is still in a trial phase and depending on the success could be expanded to more cities. It follows Mercedes' announcement in March of the Mercedes me...

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Lotus CEO steps down

He was brought in back in 2014 to help bring back Lotus from the brink of bankruptcy and turn it into a viable automaker, but now Jean-Marc Gales has given up his CEO position at the British sports car brand. Gales on Monday revealed via a statement that he has left Lotus for “personal reasons,” though we know he also has a new job lined up at...

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Chrysler to stick around but may become mobility brand

Fiat Chrysler Automobiles didn't pull the plug on its Chrysler brand during Friday's five-year strategy announcement, as had been rumored, but there weren't any reassurances either. In fact, Chrysler didn't even get a mention in the strategy. Chrysler sells just the Pacifica minivan and 300 sedans, and FCA CEO Sergio Marchionne indicated to reporters on...

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