Post Tagged with: "auto"

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Is Apple gearing up to deliver an automotive division?

Is Apple gearing up to deliver an automotive division?

The Cupertino-based technology giant, arguably the most valuable company in the world, has opted to bring into its ranks yet another major automotive executive. Apple has recently hired Doug Betts, an auto manufacturing executive that worked for Fiat Chrysler Automobiles NV, according to a recent report from the Wall Street […]

US: Steve Miller is back in the auto world

US: Steve Miller is back in the auto world

Known for rescuing Chrysler in 1981 from bankruptcy and also the more recent car technology supplier Delphi from a financial impasse, Steve Miller is diving back into the car business. The 73-year-old car whisperer will become later this month the President, CEO and director of the $6 billion part company […]

Europe: Greek auto sales fall in June

Europe: Greek auto sales fall in June

Greece, which is in complete turmoil, has posted the biggest fall in demand for new vehicle sales of any western European car market last month, according to industry figures. The auto sales in June plunged 21.6 percent from the same level last year as political uncertainty hovered as the country […]

Booming auto market attracting investors to Mexico

Booming auto market attracting investors to Mexico

Interested investors have stayed clear of the automotive industry for years after the Great Recession, but the recent international boom of certain countries, such as Mexico or Spain, has rekindled sagging interest. For example, when it comes to Mexico a huge opportunity arises today as Nemak SAB will incur a […]

Worldwide auto industry innovation last year slowed

Worldwide auto industry innovation last year slowed

Even as the hype surrounding connected car technologies and the approaching era of autonomous vehicles is reaching cosmic proportions, there’s a new study that shows the automotive industry’s pace of innovation actually declined last year. Thompson Reuters studied a dozen technology sectors across the automotive industry, with global levels of […]

US: women reach record tally of driven miles

US: women reach record tally of driven miles

The latest University of Michigan study has concentrated on a segment of the consumer market that might be referred to as the “soccer mom” – showing that women are today driving more miles than ever. According to research done by Michael Sivak, an official of the U-M’s Transportation Research Institute, […]

US: spring auto deals you might want to consider

US: spring auto deals you might want to consider

After another long and rather harsh winter in most parts of continental US, it’s time for the spring meltdown of frozen accounts and the long awaited leg stretching en route to the local car dealership. Auto sales in the United States have remained positive even after half a decade of […]

Survey – China’s leading brands are VW, BMW

Survey – China’s leading brands are VW, BMW

According to a new research conducted by a division of Deutsche Borse, the auto-acquisition sentiment among Chinese consumers ranks high Volkswagen, followed by BMW and Buick. The German automaker is the largest foreign auto company in terms of Chinese sales, which means the survey’s result is not entirely a surprise […]

US: ex-Hitachi executive pleas guilty, goes to jail for 15 months

US: ex-Hitachi executive pleas guilty, goes to jail for 15 months

The US Department of Justice continues its long running investigation across the automotive industry that searched for monopoly practices and price fixing violations. This time around it was time for a former executive that worked for auto parts producer Hitachi Automotive Systems to acknowledge his wrongdoings, with the person pleading […]

US: banking regulator cautions subprime auto loan bonds

US: banking regulator cautions subprime auto loan bonds

According to New York’s top banking regulator, the emergence of sales of bonds that rely on subprime auto loans is bringing “a disalignment of incentives” for lenders, adding debt to borrowers already seen at risk. Benjamin Lawsky, superintendent of the Department of Financial Services, commented in front of state senators […]