Tag Archives: Industry

Fired from Ford, father of GT supercar now president of company building it

The main person behind the modern Ford GT is now one of the people in charge at the company that builds the supercar. Raj Nair, former president of Ford North America, is now president of Canada's Multimatic Motorsports, Road & Track reported Friday. Nair was pushed out of his role at Ford following an investigation into "inappropriate behavior," and...

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Heading abroad: Tesla takes steps to form Chinese operations

Following news China will scrap limited ownership rules for foreign automakers by 2022, Tesla has taken the first steps to form its independent Chinese operation. The Wall Street Journal (subscription required) reported Monday that Tesla has filed to set up a Shanghai division as the sole owner called Tesla Shanghai Co. Ltd. Under China's newly announced...

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Volvo ditches diesel

Volvo on Wednesday announced that from 2019 it will no longer launch cars fitted with diesel engines. It follows the automaker's announcement last July that every car it launches from 2019 will feature some form of electrification, whether it be mild hybrid, plug-in hybrid or pure electric power. Volvo's first new model without a diesel option will be the...

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Bugatti designer Tobias Sühlmann to style future Aston Martins

Aston Martin is strengthening its design team as it prepares to more than double its lineup in the coming years. The automaker confirmed Friday the appointment of Volkswagen Group veteran designer Tobias Sühlmann as its new head of exterior design. He replaces Miles Nurnberger who has been promoted to the role of design director, with both reporting to...

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Show-off blow off: Audi joins other luxury makes to skip 2019 Detroit auto show

Following similar announcements from Mercedes-Benz and BMW, Audi announced on Thursday that it will join the rival makes and no longer attend the Detroit auto show. It's the most recent in a series of blows to what many believe is North America's premier auto show. In a statement to Automotive News Europe (subscription required), an Audi official said, "We...

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Report: Geely selects banks to advise on Volvo IPO

Volvo could be the next major automaker to go public. The Swedish automaker's parent company Zhejiang Geely has selected investment banks Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public offering, Bloomberg reported on Thursday citing people familiar with the matter. Geely is said to be looking at a value of between $16 billion and...

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Drive.ai self-driving car service launching in Texas

Citizens of Frisco, Texas, the self-driving cars have arrived. Drive.ai plans to launch a self-driving car ride-hailing service in the Dallas suburb this July in a limited geo-fenced area. The company follows Waymo's announcement that it will operate a self-driving taxi service in a 100 square-mile area of Phoneix, Arizona. Drive.ai said in its Monday...

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Japanese automakers partner on solid-state batteries in EV race

Japan's major automakers and battery manufacturers have teamed up with their government to fast-track the development of solid-state batteries. The automakers include Toyota, Nissan and Honda, who have joined forces with Japanese battery manufacturers Panasonic and GS Yuasa in the program, the Nikkei reported on Sunday. Japan's Ministry of Economy, Trade...

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Ford might turn Detroit eyesore into self-driving, EV hub

Ford has its eye on a landmark building nestled in Detroit's Corktown neighborhood. The automaker revealed it has plans to purchase the rotting Michigan Central Station and renovate the space to house an electric- and self-driving car hub. The potential purchase follows Ford's decision to relocate 220 employees to a renovated former hosiery factory near the...

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Volvo cars and trucks can now inform each other of hazards

A new cloud-based service called Connected Safety will allow Volvo cars and trucks to automatically alert each other to hazardous traffic situations. Volvo Cars and Volvo Trucks are actually separate entities but with the Connected Safety service the two are able to share real-time data to help prevent accidents. Connected Safety will be rolled out this...

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