The Ford Fiesta looks to be picking up and moving from its current assembly locations in India and Mexico to a central location in Thailand when the next generation rolls around in 2016.
If it weren’t for a Papal visit, Dr. Z may never have come to know Mercedes-Benz.
Bad news on the subprime front, as credit rating agency Experian reports a rise in delinquencies and repossessions for auto loans in Q1 2013.
Melinda Zabritski offered a rather dubious explanation for the nearly 17 percent rise in repos (as well as the 1.3 percent uptick in 30 day delinquencies and 12.4 percent rise in 60-day delinquencies) Read More >
Beleaguered EV start-up Better Place faced yet another blow this week, as Nissan CEO Carlos Ghosn declared that rapid-charging, not swappable batteries, will be the predominant charging technology for EVs.
Cadillac may be gunning too hard for Germany’s domain of rear-drive sports sedans, but one area where The Standard of the World won’t be gunning for them is in the volume race. GM CFO Dan Ammann told Automotive News that unlike BMW, Mercedes-Benz and Audi, ”We’re not going to be in every single segment that they’re in”.
Carmaking is a cyclical business. In crisis times, it’s “we are all in this together.” When business improves, relations between automakers and their suppliers revert to the old arrogance, to hurry up, make more for less. It’s that time again. Read More >
Following in the footsteps of Spanish bank Santander, GM Financial announced that it would enter the prime lending market in 2014.
Weaker than expected growth in the United States has led Carlos Ghosn to issue an even more ambitious goal; double Nissan’s sales by 2017.
Despite sales of the Fiat 500 picking up, Fiat dealers are getting antsy for new product, with some showrooms struggling to turn a profit based on sales of the subcompact alone.
“Self-driving sounds like it’s going to do something you don’t want it to do. Autopilot is a good thing to have in planes, and we should have it in cars.”
According to Elon Musk, what we have here is… failure to market effectively.
Bosch has introduced a home charging point for EVs that costs half as much as current competitors, which will no doubt be welcome news for current and prospective EV buyers.
More than any other country, Canadian-built vehicles seem to have an inordinate amount of foreign parts content, according to a study done by Scotiabank Economics.