Automotive – Page 4 – PressClub World

31. 1. 2020 No Responses

Billionaire Lawrence Stroll Rescues Iconic Aston Martin With $657M Bailout

Confirmed by a London Stock Exchange filing on Friday morning, a group of investors led by Canadian billionaire, fashion tycoon, and Racing Point Formula 1 team owner Lawrence Stroll just took a 16.7% stake in Aston Martin for the British equivalent of...

22. 1. 2020 No Responses

Trump Threatens to Slap 25% Tariffs on European Cars if No US-EU Trade Deal

The Trump administration has long accused the EU of too much positive trade balance surplus and has clashed with its trans-Atlantic allies over state subsidies to manufacturers and taxes on US tech companies. Donald Trump on Wednesday renewed his threat...

16. 1. 2020 No Responses

PSA Group’s sales slump 10% in 2019

French carmaker PSA Group (Peugeot Citroen Opel) said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and...

14. 1. 2020 No Responses

Nissan and Renault dismiss reports of possible break-up

French carmaker Renault and Japanese partner Nissan said on Tuesday their alliance was in no danger of being dissolved. The announcement follows a Financial Times report that Nissan was beefing up plans to quit. The alliance, which also includes Japan’s...

29. 11. 2019 No Responses

Mercedes-Benz owner Daimler to cut 10,000 jobs and Audi to cut 9,500

Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars. Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would...

21. 11. 2019 No Responses

Corruption-Ridden UAW President Gary Jones Resigns

Corruption-Ridden UAW President Gary Jones Resigns After Union Moves To Expel Him From Office. Just weeks after the UAW struck a deal with General Motors, ending one of the longest labor strikes in history, the union’s corrpution-ridden President, Gary...

19. 11. 2019 No Responses

Hydrogen Truckmaker NIKOLA Claims It Has Breakthrough Hydrogen Battery Tech

Vaporware company NIKOLA Motor, the Phoenix-based startup that wants to disrupt trucking with futuristic electric semis powered by hydrogen, says it’s developed a new type of battery cell with double the energy density, only 40% of the weight and half...

30. 10. 2019 No Responses

Fiat Chrysler in merger talks with French automaker Peugeot

FCA – Fiat Chrysler and Peugeot owner PSA Groupe are in merger talks, the companies confirmed Wednesday. The companies issued separate, nearly identical statements, signifying a coordinated messaging strategy, with Italian-American automaker FCA addin...

3. 10. 2019 No Responses

Detroit 3 and Japan 3 tumbled heavily

The biggest Asian automakers recorded double-digit sales declines and estimates for the Detroit 3 showed double-digit drops as well. Ford Motor Co. posted a 12 percent drop for the month, according to Data Center estimates. Ford F-series sales dropped 13...

12. 9. 2019 No Responses

Frankfurt 2019: BMW Concept 4, Nissan parody in Francfort and Hyundai retro EV

BMW Concept 4 Debuts With Massive Double Kidney Grille BMW has revealed the Concept 4 Series Coupé at the Frankfurt motor show, previewing radically revamped styling for the second-generation version of the two-door coupé, set to launch in late 2020...

10. 9. 2019 No Responses

2019 Frankfurt Auto Show Starts

New 2020 Volkswagen ID.3: electric car arrives at Frankfurt The VW ID.3 arrives with a choice of three different battery sizes, with top spec models offering a range of between 242 and 342 miles. This is the Volkswagen ID.3, the...

7. 9. 2019 No Responses

Heavy-Duty Truck Orders Collapsed 80% Y/Y

Production slashed, cancellation orders soar. New reports from the trucking industry show the transportation recession continues to gain momentum through the end of summer, likely to continue through 2019 into 1H20. The US trucking industry had a blockbuster...

August Car Sales: Hyundai, KIA, VW, Volvo, Porsche Up, While Infiniti and Mazda Falling Fast

6. 9. 2019 No Responses

Category: Automotive