Tag Archives: Industry

Report: Infiniti and Mercedes-Benz no longer working on joint compact car project

In 2010, Renault-Nissan and Mercedes-Benz parent company Daimler agreed to a share-trading partnership that was rumored to birth a new luxury-compact car. Eight years later, a new report claims that vehicle is dead. Following a report from the daily business publication Nikkan Kogyo claiming the idea of a joint compact car is stillborn, Automotive News...

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Volvo launching M brand, but this one stands for "mobility"

Volvo Car Group announced on Wednesday it is launching a new brand, and it's called M. Not to be confused with BMW's legendary M division, Volvo's M brand simply stands for "mobility." M's mission will be to provide "on-demand access" to cars and services through a smartphone application. However, M bills itself as different from many other mobility...

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Tesla chief vehicle engineer not returning from leave of absence

Tesla has lost one of its top engineers in Doug Field, who will not return after taking a leave of absence from the electric-car maker in May. The Wall Street Journal first reported on Field's departure on Monday, the same day Tesla announced it had reached its goal of 5,000 Model 3 electric cars produced in a week. In an SEC filing, Tesla thanked Field for...

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Fresh funding pushes Lyft’s value to $15.1B

After the company's latest round of investor funding, Lyft is now worth an estimated $15.1 billion. Fresh cash in the amount of $600 million pushed the ride-sharing company to its latest heights. Tech Crunch reported on Thursday that Fidelity Management & Research Company led the investments and has contributed $800 million to date. The firm is one of...

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2020 Detroit auto show will move to warmer-weather month

The North American International Auto Show, more commonly referred to as the Detroit auto show, isn't known for its sunshine and warm temperatures, but that will change come 2020. The Detroit Auto Dealers Association (DADA) will officially move North America's largest auto show from January to a warmer month. Two proposals are on the table to move the show...

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Will GM’s first self-driving car be called AV1?

General Motors has filed to trademark a potential name for its first self-driving car. Filed on June 21, GM moved to protect the "AV1" name with the United States Patent and Trademark Office. Some may find similarities with the AV1 name to EV1—GM's first electric car. The EV1 bowed in 1996 and was made available exclusively via a lease program. Said...

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Waymo needs “large number” of cars for European self-driving fleet

Waymo CEO John Krafcik has revealed that the mobility company will need to add a “large number” of additional cars to its growing fleet of self-driving cars as it prepares to enter Europe. In an interview with Handelsblatt published Thursday, Krafcik explained that all announcements so far, including the purchase of 62,000 Chrysler Pacifica...

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Jaguar Land Rover increase electrification investment to $18B

Jaguar Land Rover plans to increase its investment into electrification for future electric cars by 25 percent, the automaker said in an investor presentation Monday. The added investment will see the figure climb to $18 billion total by 2025, Bloomberg reported. JLR cited poor demand for diesel cars in Europe as the catalyst for the increased investment...

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Former Audi and Porsche exec Wolfgang Hatz released from jail

Veteran Volkswagen Group engineer Wolfgang Hatz has been released after nine months in jail after providing $3.5 million in bail money, German prosecutors have confirmed. He was arrested last September during investigations into the VW Group's diesel scandal. Although he is yet to be charged, the prosecutors in accordance with German law decided to place...

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