Tag Archives: Industry

Report: Chinese automaker makes bid for Fiat Chrysler Automobiles

Fiat Chrysler Automobiles CEO Sergio Marchionne has been fishing for a potential merger partner or buyer for the past couple of years. His goal is to find someone willing to share the burden of steep capital costs the auto industry demands. Now it seems that one party has finally bitten. Automotive...

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Lotus shocks, heads toward profitability as fiscal year closes

Lotus has pulled a money-laden rabbit from its top hat. With the results of its 2016/2017 fiscal year, Lotus Group International Limited's operations are heading toward profitability. At the close of the fiscal year, Lotus posted a positive earnings before interest, tax, depreciation, and...

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Volkswagen views Tesla as competitor, possible threat

Times are changing in the automotive industry when traditional automakers begin to view disruptors—such as Tesla—as true competitors. The latest such comments come from the world's largest automaker by sales: Volkswagen Group. Volkswagen brand CEO Herbert Diess told Reuters it...

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Ferrari loses the Testarossa trademark in Germany

In a shocking decision by a German court, Ferrari has lost the rights to the "Testarossa" name in the country. A German toy maker will now use the Testarossa name and has plans for some oddball items to brand with the moniker we've long associated with the prancing horse. First reported by German...

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Genesis brand to get its own separate dealerships

Genesis is to working hard to distinguish itself as the luxury arm of automaker Hyundai. Initially, it was conceived as a top-tier luxury model under the Hyundai name, but now it's spun off to become a sub-brand. Genesis is looking to further distance itself from the Hyundai equation, and to do...

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Tata cancels plans for Tamo sub-brand, Racemo sports car

Efforts to reduce costs at Tata means the Indian automaker will no longer proceed with plans for the Tamo sub-brand and Racemo sports car. The information comes from Autocar India which also reports that Tata will skip the Geneva auto show next year for the first time in two decades, and also...

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German firm plans Tesla Gigafactory-rivaling battery plant

The race to capitalize on the growing need for electric car batteries is well and truly underway. Although Tesla has an early start with its massive 35-gigawatt-hour Gigafactory, a German firm has announced plans for its own battery plant to rival Tesla's operation. A consortium known as Terra E...

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