Industry

Read By

GM to boost its small pickup output

GM to boost its small pickup output

General Motors plans to speed up the production of the Chevrolet Colorado midsize pickup to meet demand, a company executive said. Chevy trucks are in high demand and short supply has determined General Motors to build more vehicles at its Wentzville assembly line in Missouri. Therefore, there are some arrangements […]

Tesla targets sales growth of up to 80% in 2016

Tesla targets sales growth of up to 80% in 2016

The electric car automaker said it would start making profit this year, planning to boost its deliveries with about 60 – 80 percent. Tesla CEO Elon Musk announced this week the company’s fourth-quarter results, also targeting a boost of up to 80 percent in its sales in 2016. Tesla’s cash […]

Japan’s auto industry to shrink by the end of the decade

Japan’s auto industry to shrink by the end of the decade

The Japanese automotive industry is the home of too many automakers at the moment, and it is likely to close its ranks by 2020, analysts say. Japan is the home of more automakers than Germany or United States have, with eight independent global players being involved in the automotive industry. […]

Volkswagen might sell one of its engines units

Volkswagen might sell one of its engines units

Sources told Reuters that several investors were interested in buying one of Volkswagen’s units which make engines used in ships or small power stations. With costs over the emissions scandal mounting up, many analysts are speculating that Volkswagen will eventually be forced to sell some assets to cope with the […]

German green group says Fiat’s 500X shows excess emissions

German green group says Fiat’s 500X shows excess emissions

Another report from the German DUH lobby group shows that Fiat’s compact crossover 500X is exceeding the emissions limits. The German environmental lobby group DUH has lately disclosed a lot of information about the inside world of the auto industry, revealing that Volkswagen is not the only automaker singled out […]

The US Army is heavily testing autonomous technologies

The US Army is heavily testing autonomous technologies

Not only carmakers will benefit from the upcoming self-driving trend, but the US Army is also very interested in autonomous technologies. Automotive giants are all deeply involved in the development of self-driving technologies, alongside with tech companies and some ride-sharing services. However, there is one more entity watching very closely […]

Development costs to narrow Porsche’s profit

Development costs to narrow Porsche’s profit

As Porsche is heavily investing in future models, VW’s sports-car brand is expecting lower profits on mid-term, Chief Executive Oliver Blume said. The first full electrically powered Porsche is on its way and the sports-car maker is investing about 1 billion euros to build it, creating also over 1,000 new […]

Ford plans to speed up its output in Mexico

Ford plans to speed up its output in Mexico

Ford is clearing up its US production lines to focus on more profitable cars by doubling its production capacity in Mexico, according to a report from The Wall Street Journal. The three auto-giants from Detroit, General Motors, Ford Motor and Fiat Chrysler Automobiles NV’s, are all rumored to move some […]

Volume is not everything, Daimler CEO says

Volume is not everything, Daimler CEO says

Mercedes-Benz is aiming to become the world’s number one luxury brand, but Daimler says it will not sacrifice margins in its quest. Despite starting the year with a 20 percent sales boost, Mercedes-Benz is not in a hurry to overpass BMW and take the luxury crown. Daimler Chief Executive Dieter […]

GM puts on hold its Egypt operations

GM puts on hold its Egypt operations

General Motors has temporarily suspended its operations in Egypt due a currency crisis, a company source told Reuters. Import-dependent Egypt has been in economic crisis since the 2011 uprising and subsequent political turmoil drove foreign investors and tourists away. Dollar reserves have more than halved to 16.4 billion dollars since […]