Tag Archives: Industry

GM to commercialize Cruise AV self-driving car in 2019

General Motors will put into production self-driving cars devoid of steering wheels and pedals in 2019, the automaker said Thursday. GM also said it planned to start a commercial service for the vehicles that same year, where the public would be able to hail a ride via an app. The car, known as the Cruise AV (Autonomous Vehicle), is based on the Chevrolet...

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Volkswagen plans to launch one electric car per month starting in 2022

Volkswagen will open the floodgates in 2022 and launch a new electric car every month as it works aggressively to electrify its portfolio, the automaker said. VW CEO Matthias Müeller told journalists Tuesday in Berlin that 30 electric cars will be launched by 2025, according to Autocar. Volkswagen calls the plan "Together - Strategy 2025" and it...

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The Boring Company’s tunnels will prioritize mass transit over cars

Elon Musk early last year announced plans for the new venture The Boring Company that would look to create tunnels under congested cities through which cars could be transported riding on electric-powered, high-speed sleds. But Musk took to Twitter on Friday to announce that The Boring Company, as well as a Hyperloop venture the Tesla CEO is also planning...

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Porsche first to bring blockchain to auto industry

Porsche believes it will thrive and also set standards in the auto industry's coming electrification era, and the innovation has already begun today. The German performance marque announced it will bring blockchain to its cars, a digital ledger that records transactions chronologically and publicly. For a bit of background, blockchain predominantly powers...

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Volkswagen will kill the Beetle, squashes plans for a successor

When the current-generation Volkswagen Beetle runs out its current lifecycle, it will be the end of the road for the nameplate. The German automaker confirmed plans for a next-generation Beetle are off the table and the car will exit production, according to an Autocar report published this Tuesday. The news follows rumors of an all-electric Beetle that had...

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Aston Martin posts first profit since 2010

Aston Martin's financial turnaround is complete as the company on Tuesday announced its first annual pre-tax profit since 2010 and is poised to grow substantially in the coming years. The British sports car marque's profit for 2017 came in at $121 million, overturning a loss of $226 million reported the previous year. This was on the back of record revenues...

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Volvo says it’s done developing gas-powered engines

The current portfolio of Volvo engines will be its last. The Swedish luxury brand confirmed it's finished with gasoline-powered engines as it paves the way for a fully electric future. At the Volvo V60's reveal, the brand's CEO Håkan Samuelsson and other executives told Road & Track, in a report published last Friday, that its current engines are...

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Geely buys 9.7 percent of Daimler in $9B deal

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. Mercedes-Benz parent company Daimler on Saturday confirmed that Geely, which also owns Volvo and Lynk & Co., plus its own eponymous car brand, has acquired 9.69 percent of its...

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Mini plans to build electric vehicles in China

BMW Group, Mini's parent automaker, has signed a letter of intent to initiate a joint venture with China's Great Wall to produce battery-electric Minis in the country. Currently, the Mini plant in Oxford, England, is set to produce an electric Mini in 2019. The German automaker said production follows the market, and it sees immense opportunity for...

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