Tag: Industry

Morgan Bids Farewell To 84-Year-Old Steel Chassis As Production Comes To An End

This week marks a historic moment for Morgan Motor Company, as the boutique sports car manufacturer has made its last-ever steel chassis. Introduced in 1936, the steel chassis has been produced continuously ever since, making it the longest-ever running production car architecture. But even a company as traditional as Morgan must keep up with the […]

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Tesla And Elon Musk Take A Dig At Short-Sellers By Launching ‘S3XY’ Shorts

After becoming the world’s most valuable carmaker, Tesla and its CEO Elon Musk decided to make fun of the company’s short-sellers by offering red satin shorts on their merchandise store. The announcement came from Elon Musk himself on Twitter, who has repeatedly expressed his dismay against investors betting against Tesla stock prices. Tesla’s stock has […]

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BMW Expanding Production Capacity In Dingolfing To 500,000 E-Drive Units By 2022

The BMW Group is ramping up production of electric motors, transmissions, power electronics and batteries for electric vehicles at its largest European manufacturing facility in Dingolfing, Germany. The automaker has opened the Competence Center for E-Drive Production at the plant, which will be able to build 500,000 BMW e-drive units a year from 2022. The […]

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Daimler CEO Says Drastic Salary Cuts Are Coming, Warns Exec To Brace For Reductions

Daimler chief executive Ola Kallenius said that his company, as well as the car industry as a whole, are facing painful salary cutbacks due to the economic fallout caused by the COVID-19 pandemic. This situation will result in carmakers having to restructure their business more harshly than they originally thought, said Kallenius during a webcast […]

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VW Aborts Plan For New Plant In Turkey Amid Plunging Car Sales

The coronavirus pandemic and the ensuing economic crisis appear to have put the final nail in the coffin for Volkswagen’s planned multi-brand car factory in Turkey. The project, which was put on hold in October last year among international criticism about Turkey’s military operations in Syria, has reportedly been dropped. The Volkswagen Group has decided […]

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Nissan Slams Reports Of Conspiracy Against Carlos Ghosn

Nissan has denied recent media reports that suggested a conspiracy within the company to oust former chairman Carlos Ghosn. The report in question quoted leaked emails from 2018, when Ghosn pledged to strengthen the alliance between Nissan and Renault, coming from senior managers at the Japanese carmaker, revealing a campaign to “neutralize [Ghosn’s] initiatives before […]

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