By on October 10, 2016

FCA Sterling Heights

There’s more than just Ram 1500 production coming to Fiat Chrysler Automobiles’ Sterling Heights assembly plant.

According to planning documents, the Michigan facility will gain a test track as part of its $1.48 billion overhaul, The Detroit News reports. (Read More…)

By on May 25, 2016

Uber

Not wanting to be left out of the mobility party, Toyota and Volkswagen recently invested in two ride-sharing companies, becoming the latest automakers to sink cash into the sharing economy.

Toyota invested a rumored $100 million in the ubiquitous ride-sharing company Uber, while Volkswagen, which has to meter out its dough carefully (thanks to a pesky little scandal), dropped $300 million on Uber’s taxi-hailing rival Gett. (Read More…)

By on November 30, 2015

2017 Cadillac XT5 luxury crossover

With the CT6 and XT5 hitting the floor soon, Cadillac is working on a new dealer incentive program to encourage improvement of the buying experience at its stores.

Automotive News reports the program could bring as much as $850 million to $1 billion USD “in incremental profit” for the brand’s dealership network over the next four to five years, according to president Johan de Nysschen:

If we want to have a strong brand, we need to have a strong franchise. To do that, it means the dealers are profitable and that they’re able to invest in the business and to build the customer experience.

(Read More…)

By on February 9, 2015

2013 Tesla Model S P85 Fishing boat

Looking for new stock to add to your portfolio in 2015? Credit Suisse has one for your consideration: Tesla.

(Read More…)

By on May 8, 2014

Sergio Marchionne - FCA

Though Fiat Chrysler Automobiles CEO Sergio Marchionne’s five-year plan announced this week may be ambitious, analysts are raising questions about how the plan will be funded — and how much will be needed — if it is to be successful, let alone live up to Marchionne’s vision.

(Read More…)

By on February 11, 2014

Hyundai production line Alabama plant

After a two-year break in expansion mandated by Hyundai Motor Company Chairman Chung Mong-koo in order to avoid quality issues experienced by Toyota during their aggressive growing spurt in the 2000s, Hyundai and Kia are both looking through feasibilities studies to determine where to invest in expanding their manufacturing footprint.

(Read More…)

By on February 1, 2014

Audis at an Oil Pump

Audi’s bio-fuel initiative is expanding into France through an investment by the automaker to Global Bioenergies, whose bio-isooctane could be the replacement for petroleum gasoline when the time comes to make the switch.

(Read More…)

By on January 28, 2014

opel-cascada-cabriolet-2013-001-1350468054

Appearing before Opel’s best and brightest in Germany, General Motors CEO Mary Barra proclaimed her company’s European brand, though unprofitable, is a vital one for the General.

(Read More…)

By on December 10, 2013

RenCen GM HQ Circa June 2008

It’s official: the United States government has sold off its remaining $49.5 billion investment in General Motors.

(Read More…)

By on November 25, 2013

2013 Volkswagen Beetle Convertible 70s, Exterior, Side 3/4, Picture Courtesy of Alex L. Dykes

With plans to give the world more of their wonders, such as the XL1, Twin Up! and Jetta, through 2018, Volkswagen has opted to shield their product spending from cost-cutting.

(Read More…)

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