Tag Archives: Industry

New Ferrari CEO says Marchionne’s targets were “aspirational”

Ferrari shares dropped 11 percent on Wednesday after new CEO Louis Camilleri told analysts in a conference call that profit targets previously announced by his predecessor Sergio Marchionne were "aspirational." Nevertheless, Camilleri will still attempt to reach the targets, which call for an increase in total sales to more than 10,000 units and a doubling...

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How Cosworth uses race data to develop self-driving tech

Cosworth isn't best known for its self-driving car technology, but that could very well change one day. The legendary maker of Formula 1 and other high-performance engines plans to expand into the self-driving car arena, and it's using race data to expedite its offerings. Company CEO Hal Reisiger told Automotive News (subscription required) in an interview...

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Ferrari improves painting process

Always looking for ways to improve its production process, Ferrari has a new paint that reduces energy consumption at its plant and improves the resistance of the painted surfaces. The paint has been developed in collaboration with supplier PPG and offers several benefits. It incorporates a specially formulated clear coat that makes it possible for a car to...

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BMW drops price of car subscription in battle with rivals

Car subscriptions are uncharted territory for major automakers, especially as it remains unclear how much partakers will be willing to spend for the ability to swap in and out of cars nearly seamlessly. BMW is the first to realize it perhaps asked a bit too much. The German brand has slashed the monthly price of its Access by BMW subscription from $3,700 to...

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FCA didn’t have prior knowledge of Marchionne’s illness

Sergio Marchionne's resignation from the top post at Fiat Chrysler Automobiles on July 21 due to health reasons and his subsequent death four days later came as a shock to many, including close employees at the automaker he ran. This is despite Marchionne having had received treatment from University Hospital Zurich for more than a year, which the Swiss...

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Land Rover Road Rover? British brand moves to trademark name

Could Land Rover have a radical new model in the works? A new trademark filing has fueled speculation that the SUV-centric brand could bring a more road-biased model to market. Autocar reported on the trademark filing Wednesday, but little else is known about what Jaguar Land Rover may do with the name. Rumors first swirled over a Mercedes-Benz S-Class...

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Land Rover Road Rover? British brand moves to trademark name

Could Land Rover have a radical new model in the works? A new trademark filing has fueled speculation that the SUV-centric brand could bring a more road-biased model to market. Autocar reported on the trademark filing Wednesday, but little else is known about what Jaguar Land Rover may do with the name. Rumors first swirled over a Mercedes-Benz S-Class...

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Land Rover Road Rover? British brand moves to trademark name

Could Land Rover have a radical new model in the works? A new trademark filing has fueled speculation that the SUV-centric brand could bring a more road-biased model to market. Autocar reported on the trademark filing Wednesday, but little else is known about what Jaguar Land Rover may do with the name. Rumors first swirled over a Mercedes-Benz S-Class...

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Land Rover Road Rover? British brand moves to trademark name

Could Land Rover have a radical new model in the works? A new trademark filing has fueled speculation that the SUV-centric brand could bring a more road-biased model to market. Autocar reported on the trademark filing Wednesday, but little else is known about what Jaguar Land Rover may do with the name. Rumors first swirled over a Mercedes-Benz S-Class...

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Ford Autonomous Vehicles is Blue Oval’s new unit for self-driving cars

Future self-driving cars and associated engineering will have a home inside Ford Autonomous Vehicles LLC. The Dearborn, Michigan-based automaker announced the new organization on Tuesday with the intent to accelerate its self-driving car business. Ford AV will be tasked with handling numerous segments of the self-driving car industry. They include system...

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