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After being knocked off the top perch of the “fastest growing economy” podium in 2016, India is expected to return to the Number One spot both this year and next. The world’s second most populous country has seen average per-capita incomes rise to record levels and, while the average only amounts to $1,500 greenbacks, India’s well-to-do class is thriving.
For automakers, the untapped Indian market offers big potential. The latest to the game: Lexus, which arrived today to offer citizens something better than just a Camry. Read More >
There’s a battle brewing between France and China over a famous Malaysian-owned British automaker. Who said globalization was in danger?
Geely, Volvo’s Chinese parent company, is in talks to buy Proton, the Malaysian owner of the famed Lotus brand, the Financial Times reports. Proton’s not doing well these days, all thanks to an influx of affordable imports that has eroded its domestic market share. To reach its goal, Geely must first stave off stiff competition from Europe.
France’s PSA Group, maker of Peugeot and Citroën (and potential future owner of Opel and Vauxhall), also wants to get its hands on Proton. However, it looks like the competing automakers want different things from the deal. Read More >
Reactions are varied following this morning’s announcement that President Donald Trump will renegotiate the North American Free Trade Agreement and pull the country out of the Trans Pacific Partnership.
North of the border, however, the leader of Canada’s Detroit Three autoworkers was apparently dancing a jig. Unifor president Jerry Dias seemed thrilled when he appeared on talk radio to sing the praises of the president’s executive actions. Trump’s moves are “a great opportunity to right the ship,” he said. Read More >
It was a bombshell decision that Fuji Heavy Industries describes as “extraordinary.”
Subaru’s parent company announced today that its board of directors has decided to eliminate its industrial division to free up resources for its car division. FHI built its empire on small industrial powerplants, spawning a quirky car company in the process, but that car brand is now the corporation’s main focus.
What does the new love mean for Subaru? Read More >
Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the world (and possibly the galaxy) to head three companies.
The $2.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 percent controlling stake in Mitsubishi — a financial lifeline for the struggling, scandal-plagued automaker. Already, the company’s new chairman (and demoted former chair) have big, big plans for the Mirage maker.
Nissan-sized plans. Read More >
Forget Chevrolet’s cringe-inducing launch of the first-generation Spark — this could be the biggest hipster Millennial marketing/branding effort to date.
Naturally, it’s for an affordable car brand, but with a difference: this brand is completely new and its products have yet to be revealed. Lynk & Co, a new subsidiary of Volvo parent company Geely, launches on October 20, Reuters reports, and it’s clear it wants to be every free-spirited young adult’s first car. Read More >
After the awkward auto show apologies of the past year, Volkswagen executives are looking forward to a rosy time in the near future after the brand stabilizes itself.
Those “good times” will return, according to global brand chief Herbert Diess, but not before three to four years of rough slogging. In a Bloomberg TV interview from the Paris Auto Show, Diess mulled adding new models to its U.S. lineup. Read More >
Move over Chevrolet, Ram and Ford?
It’s hard to say if American van and truck builders have anything to worry about after the head of Volkswagen’s commercial vehicles division publicly mused about jumping into the U.S. market. Read More >
Harkening back to its early days as a purveyor of horseless carriages, Ford Motor Company has patented a no-frills folding vehicle for those who want something more than a bicycle.
Intended for developing countries with poor infrastructure, the patent filing uncovered by Autoblog details a lightweight, endlessly configurable vehicle with a collapsible frame. Read More >
Update: Automotive News is reporting General Motors is now focusing “on the higher end of the market while the Japanese firm sticks to selling vehicles for everyday commercial purposes,” strongly hinting that GM is the one that broke off the collaboration. We’ve added detail below.
After announcing a new bromance with Mazda just over a week ago, Isuzu is calling it quits with its old beau General Motors.
(Or maybe GM caught Isuzu cheating behind its back. Who knows? The relationship dynamics at play between automakers are difficult to flesh out.)
Regardless, midsize trucks — badged as both Isuzus and Chevrolets — will be no more in the Land of Smiles. The duo, which has a truck plant each in Thailand, will decouple their R&D efforts as they move toward engineering new global midsize pickups.
Read More >
Lately, it seems the only headlines written about Tesla Motors are brimming with controversy, so wonderCEO Elon Musk decided to change the channel the best way he knew how — by generating 100 megawatts of hype.
As he’s known to do, Musk took to Twitter last night to tease something big. Well, a looming announcement of something big. But something that could change the world. But no details just yet. In typical Bond villain-esque fashion, Musk tweeted, “Working on Top Secret Tesla Masterplan, Part 2. Hoping to publish later this week.” Read More >
Indonesia is the biggest vehicle market in Southeast Asia, and Ford Motor Company is running away from it.
The automaker’s announcement earlier this year that it plans to stop selling vehicles in the country came as a shock to dealers, who now want Ford to compensate them in a big way, Reuters reports. Read More >
It was a little terrifying watching the question-and-answer session near the end of Tesla’s livestreamed annual shareholder’s meeting, and it wasn’t just the lady asking about goji berries.
All of the speakers — well, the majority of them — seemed to possess a stratospheric level of admiration for Tesla CEO Elon Musk. Like religious (or political) disciples, the trust they placed in the man’s brilliance and decision-making abilities seemed limitless.
Well, after this week’s announcement that Tesla is offering to buy SolarCity — a solar energy provider co-founded and chaired by Musk — cracks are forming in his circle of supporters, especially in the financial realm. Read More >
Shortly after publicly dissing Tesla for the umpteenth time and speculating that electric cars aren’t the future, Fiat Chrysler Automobiles CEO Sergio Marchionne now says he wants to make an electric car.
Well, maybe. If he has to. But it’s probably gonna happen. This EV thing could be big, you know. Read More >
Volkswagen Group wants to give its operation a top-to-bottom shakeup, which means ditching the bureaucratic, centralized ways of the past and positioning itself as a lean, nimble player in a rapidly evolving marketplace.
Oh, and there will be tons of electric vehicles. Piles and piles of them.
In its announcement of the TOGETHER – Strategy 2025 plan, the automaker came off sounding more like a tech startup, touting a newfound “entrepreneurial mindset and approach” that will bring the company out of the long shadow of the emissions scandal. Read More >