Nissan’s newly appointed CEO Makoto Uchida met with a group of U.S. dealers to hear what they had to say about the brand. He asked them to be brutally honest, and they didn’t disappoint blasting the brand for poor products and a reputation for being a “bargain-basement brand”. The first meeting was described as being […]
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Jaguar Land Rover today announced it is cutting approximately 500 jobs at its Halewood plant in the UK – roughly 10 percent of the workforce. The automaker justified the decision with the need to improve efficiency by changing shift patterns. “This is about efficiency, not loss of volume. Through its ongoing transformation program, Jaguar Land […]
Read MoreTesla has agreed with a group of Chinese banks on a new $1.4 billion (10 billion yuan) five-year loan for the automaker’s Shanghai-based Gigafactory, according to Reuters. The report adds that the new loan will be used by Tesla to partly roll over an existing $500 million 12-month facility that’s due to be repaid on […]
Read MoreConsolidation within the automotive space shows no signs of stopping and according to data and analytics company GlobalData, will continue through 2020. The final quarter of this year has been marked with the huge alliance formed between PSA Group and Fiat Chrysler Automobiles (FCA) to create the world’s fourth-largest automaker. The former head of FCA, […]
Read MoreDaimler and BMW said that they will withdraw their Share Now and Car2Go joint venture from the North American car-sharing market, halting their operation in Montreal, New York, Seattle, Washington, D.C., and Vancouver on February 29. The two German car makers cited “volatile state of the global mobility landscape” as the reason of their retirement […]
Read MoreUK car production output fell by a significant 16.5 percent in November to 107,573 units, as demand in both home and overseas markets decreased. Output for the UK market dropped 26.6 percent, while the production destined for export markets fell 14.2 percent. According to the Society of Motor Manufacturers and Traders (SMMT), year-to-date car production […]
Read MoreVolkswagen will launch 34 new models worldwide in 2020 as part of its major investment in future technologies, including of course electric cars. Out of the 34 new VW models we’ll see next year, 12 will be SUVs and eight will be electric or hybrid vehicles. These will include the first two models of the […]
Read MoreMercedes is reportedly bringing out its axe in order to meet the ever stricter emission targets in Europe, with possible victims including some of the fire-breathing AMG models. Citing unnamed sources within the company, the Financial Times report that Daimler is expected to reduce around 75 percent of the availability of some models within the […]
Read MoreThere has been a lot of talk about Volkswagen’s decision to pick Turkey as the location for a new multi-brand vehicle assembly plant. Despite opposition from German labor unions, the carmaker went through with the plan and announced in July that the plant would be built in Manisa, a city on Turkey’s western coast. The facility […]
Read MoreVolvo and Isuzu have signed a non-binding Memorandum of Understanding to form a strategic alliance in the commercial vehicle business. The partnership will see the Volvo Group transfer complete ownership of its UD Trucks business globally to Isuzu Motors. This will cost Isuzu Motors approximately $2.3 billion and help it on its course to develop […]
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