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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A spike of coronavirus cases at two of General Motors’ key factories has put the United Auto Workers (UAW) union on high alert. Since GM resumed production at its Arlington Assembly, Texas plant in late May, a total of 22 cases of coronavirus have been confirmed. The facility handles production of GM’s full-sized SUVs. At […]
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Volkswagen has released more details about the future role of its Emden plant in Germany, which currently builds the Passat and Arteon midsize cars. The conversion of the Emden plant for EV production has already started, with the first electric cars set to roll off the production line from 2022. The all-new VW ID.4 electric […]
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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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Mercedes parent company Daimler is looking to sell its Hambach factory in France, which is were Smart has been manufacturing its models since 1997. The sale is part of the carmaker’s plan to streamline its production system and, in their own words, “improve its cost structure”. The company said that the high investments in electrification […]
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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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Hertz and its bondholders are looking for ways to shrink the company’s near half-a-million vehicle fleet in what is turning into a tense standoff. It is understood that the 494,000 used vehicles in Hertz’s fleet are linked to its asset-backed securities and leased to it. Ordinarily, when a company files for bankruptcy, like Hertz has […]
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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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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 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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