Tag: Industry

Renault Pulls Out Of Van Deal With Fiat Chrysler, Is Looking For A New Partner

Renault has decided to end its product collaboration with Fiat Chrysler regarding vans, ahead of the latter’s merger with rivals PSA, said Renault deputy chief exec Clotilde Delbos today. The van collab was first established under former Renault boss Carlos Ghosn, with the French carmaker producing Fiat’s Talento van at its Sandouville factory in northern […]

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Tesla Starts Importing China-Built Model 3 To Europe

Tesla Motors announced it will start shipping Model 3 vehicles from its Chinese factory to Europe starting this month. Countries that will receive the China-made Model 3 include Germany, France, Italy and Switzerland. Tesla’s Shanghai factory in China first started delivering cars in December 2019 as the company’s first production facility outside the United States. […]

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GM Making “Major U.S. Manufacturing Announcement” Today, Could It Be Related To The Cadillac Lyriq?

Today is a big day for GM as it will unveil the 2022 GMC Hummer EV pickup truck. However, that’s not the only major announcement the U.S. automaker has in store. In a short statement posted on its media website, GM said it would be making “a major U.S. manufacturing investment announcement” on October 20, […]

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U.S. Truckmaker Navistar International Accepts New Merger Offer From VW Group’s Traton

The Volkswagen Group finally looks set to take over U.S. truck and bus manufacturer Navistar International (formerly International Harvester) after the German giant improved the offer it made in September. VW’s truck and bus holding company, Traton SE, already holds a stake of 16.8 percent in Navistar. On October 14 it made an offer of […]

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GM Asks Court To Reinstate Its Racketeering Lawsuit Against FCA For The Second Time

In the ongoing conflict between two of Detroit’s Big Three, General Motors wants its racketeering lawsuit against Fiat Chrysler Automobiles to be reinstated. GM infamously sued FCA for racketeering last year, claiming that the latter bribed United Auto Workers (UAW) officials to corrupt labor talks to its advantage. The General claims this cost it billions […]

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Don’t Be Afraid, BMW Promises To Keep Artificial Intelligence (AI) On A Tight Leash With These 7 Principles

Artificial Intelligence (AI) is something that freaks out many people, especially after Elon Musk famously said in 2018 that it is “far more dangerous than nukes” for the human species. While some people are wary of the ever-increasing presence and power of AI, companies fully embrace the benefits it brings. The BMW Group makes no […]

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Lotus Upgrades Hethel HQ With Major Investment In Engineering And Test Track

Lotus is upgrading its Hethel headquarters with a multi-million-pound investment as part of the company’s rejuvenated strategy under the wings of Geely. The new upgrades are designed to grow Lotus Engineering, the consultancy division of the company, and include numerous all-new and upgraded engineering test facilities, as well as a facelift for the carmaker’s own […]

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Mercedes To Phase Out Manuals And Cut Down Engine Options In Cost-Cutting Push

Mercedes has announced more details about its major cost-cutting strategy in order to achieve higher profitability and lower its break-even point. The German carmaker will gradually phase out manual transmissions and reduce the number of internal combustion engines by 40 percent until 2025 and by 70 percent by 2030. The target is to cut fixed […]

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