Tag Archives: Industry

New boss at Audi Sport as Winkelmann focuses on Bugatti

After leading Audi Sport since early 2016, Stephan Winkelmann will now relinquish his role as chief of the performance division in order to focus on Bugatti, whose leadership he was assigned after former boss Wolfgang Dürheimer stepped down in October. To replace Winkelmann, Audi has selected Michael-Julius Renz, who currently oversees sales of the...

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BMW Group delivers over 100,000 electrified cars in 2017

The BMW Group has reached its goal of delivering more than 100,000 electrified cars in 2017. The total includes hybrids and electric cars sold across the BMW and Mini brands. The 100,000th car was a BMW i3 finished in blue. It was handed over to its owner at the BMW Group headquarters in Munich, Germany at a special ceremony on Monday. The BMW Group also...

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Aston Martin edges closer to potential sale or IPO

Reports of Aston Martin attempting to go public by filing an initial public offering (IPO) date back as far as the brand's sale by Ford in 2008 to a consortium led by Prodrive founder David Richards. Aston Martin is now in the midst of a massive expansion plan that calls for seven cars in seven years—the first two are the DB11 and redesigned...

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Toyota ramps up electrification plans, targets 1 million zero-emission cars by 2030

Toyota on Monday announced it would accelerate its vehicle electrification plans as part of an overarching strategy to reduce fleet-wide carbon emissions by as much as 90 percent from 2010 levels by the year 2050. Under the accelerated plans, Toyota hopes to have every model in the Toyota and Lexus lineups either be a dedicated electrified car or offer an...

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Geely looking to buy stake in Mercedes’ parent Daimler

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. State-run China Central Television (via The Standard) has reported that Geely, which also owns Volvo and Lynk & Co., plus its own eponymous car brand, is set to acquire...

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Alpine A110 enters production at historic Dieppe plant

It's been a long time coming, but Alpine's A110 is finally in production. Some readers will recall Alpine's parent company, Renault, first announced plans for the car in 2012. It was originally to be developed alongside a similar model from Caterham, but the British firm pulled out of the deal two years later. Thankfully Renault forged...

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Toyota and Panasonic look to form battery alliance

Toyota and Panasonic announced on Wednesday their intention to study the feasibility of a battery joint venture. In a statement, the companies said the joint venture is intended to address growing demand and expectations for vehicle electrification. Toyota alone is targeting the sale of 4.5 million hybrid vehicles together with 1.0 million electric and fuel...

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Ferrari tipped to reach 9,000-unit annual production target 1 year early

Since it was floated on the New York Stock Exchange in 2015, Ferrari has seen its shares rise from an opening price of $52 to 106.65 at the previous close. That's because the company is making major efforts to please investors including ramping up production and launching new, more mainstream models. Yes, we're talking about the recently...

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Japanese automakers, energy firms form new company for hydrogen filling stations

Japan's three major automakers Toyota, Nissan and Honda have teamed up with local energy firms and the Japanese government to form a new company whose purpose is to roll out hydrogen filling stations. The company, which will be established next spring, has an initial goal of 160 stations to be up and running in Japan by 2020, at which point it is...

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