Category Archives: Car Companies

Daimler says Future Success Benchmark to Include Car-Sharing Use Rate

PARIS –  The rise of new trends like car sharing and autonomous driving may usurp sales volume as a benchmark for measuring success in the auto industry, the head of marketing and sales at Mercedes-Benz, said on Thursday. Daimler’s Mercedes brand is on track to overtake German rival BMW this year as the biggest seller of luxury cars globally, earlier

Read more

Apple, McLaren Tech & Lit Motors – EV Venture?

Apple Inc., which is working to build an electric car, has held talks about investing in British sports-car maker McLaren Technology Group, according to a person familiar with the matter, but McLaren denies any talks are ongoing. The person familiar with the matter said the discussions began “several months ago” but wouldn’t discuss whether they are ongoing. The person familiar

Read more

Renault-Nissan Acquires French Software-development Company

The Alliance will launch more than 10 vehicles with autonomous drive technology by 2020. Widespread connected car technology will improve the ownership experience, enable the Alliance to offer innovative new services to customers, and drive increased business efficiency. PARIS, September 20, 2016 /PRNewswire/ – The Renault-Nissan Alliance is acquiring the French software-development company Sylpheo to accelerate the expansion of its connected

Read more

BMW Car-Sharing Offers Free Lifetime Memberships

Seattle – Portlanders have a new way to get around town with today’s official launch of ReachNow car sharing. ReachNow provides members with convenient and easy access to a fleet of new BMW and MINI vehicles perfect for trips around town, evenings out and weekend getaways. To celebrate ReachNow’s second city, lifetime membership is free for a limited time, with drive

Read more

Automotive Manufacturing to Drive ‘Make in India’ initiative

The Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26. Addressing a CII International Automotive Design Conclave 2016 on Friday, Mr Girish Shankar, Secretary, Ministry of Heavy Industries and Public

Read more

Magna Steyr to build cars for Mercedes, BMW, Toyota and Jaguar Land Rover

MUNICH — Austrian contract manufacturer Magna Steyr will be producing six models for four different automakers at its plant in Graz, Austria, starting in 2018, Automobilwoche has learned. In addition to the Mercedes G-Class, the redesigned BMW 5 Series and the BMW Z5, Toyota and Jaguar Land Rover models will also be built there. Automobilwoche, a business and trade newspaper

Read more

Ford Plans to Roll Out Cars with No Steering Wheel or Pedals in 5 Years

Ford Motor Co. made its latest plea for investors to view the auto maker more like a Silicon Valley company, promising lofty returns on future ventures while warning near-term profit will be pinched by deep investment. The car maker told investors that its new business services unit eventually will deliver 20% margins, two-and-a-half-times its core auto-making operation. It updated its

Read more

Ford Acquires Chariot, Launch GoBike in San Francisco

Ford is teaming up with major global cities – starting with San Francisco – to solve congestion issues and help people move more easily, today and in the future. The company announced an agreement to acquire Chariot, a San Francisco-based crowd-sourced shuttle service, and collaborating with bike-sharing provider Motivate to expand its transportation solutions in city centers. Ford also is

Read more

PSA & Bollore to Launch Car-Sharing Service in Los Angeles

France’s PSA will launch car-sharing services in Los Angeles in partnership with Bollore Group, CEO Carlos Tavares said on Monday. “We’re working with a good number of cities, including LA, to offer car-sharing solutions with Bollore Group,” Tavares said at a seminar organized by business daily Les Echos, adding that the company had “other discussions in progress”. Tavares also said

Read more
« Older Entries Recent Entries »