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Ford enters the emerging car-sharing field

Ford enters the emerging car-sharing field

The second largest US automaker is ready to prototype new car-sharing programs with U.S. and UK partners in a bid to embrace a strategy that might prepare the company for a world with alternate car ownership features. Ford’s finance is scheduled to initiate pilot car-sharing programs with Getaround in the […]

US: automakers become green to earn more money

US: automakers become green to earn more money

Becoming environmentally friendly has turned from a question of doing the right thing to save the planet to getting environmentally sustainable as a new business development strategy that earns more money for the automakers. Just a generation ago, the US manufacturers and their global peers started to understand that getting […]

China could be Tesla’s deal breaker

China could be Tesla’s deal breaker

Tesla Motors Inc. has risen to prominence as the electric luxury automaker to be in the span of a few short years, but the global ambitions of the California-based company have hit a snag – China, the world’s largest auto market. Tesla, which produces high-end electric cars has many fans […]

China: Uber says ride-hailing ban has little impact

China: Uber says ride-hailing ban has little impact

Uber Technologies Inc., the well-known ride-hailing service provider, believes its strategy to partner with vehicle-rental companies in China can allow it to operate undeterred by the governmental ban of unlicensed private-car hire. Candice Lo, the project leader for the company’s expansion efforts in greater China said that company drivers and […]

Ford’s CEO fears for the future of the automobile

Ford’s CEO fears for the future of the automobile

Ford Motor Co’s Chief Executive Officer Mark Fields believes automakers are today increasingly challenged by companies from other industries that enter the auto market and seek to impose their different business model. Fields was present in Bochum, Germany, at an automotive conference where he questioned the emergence of companies as […]

Analyst opinions diverge on Tesla opportunities

Analyst opinions diverge on Tesla opportunities

Tesla Motors, the California based automaker that only produces luxury electrically-driven autos, has been the sweetheart of US investors in the last couple of years, but now analysts seem to diverge on future opportunities. For example, Morgan Stanley’s analyst Adam Jonas has opted to lower production expectations for the third […]