Skip to main content

Posts

Showing posts from July, 2020

Nissan focuses on powertrains, adds EV

Nissan is working on new powertrains for several vehicles, including the Murano, Maxima and GT-R. But it may drop the Versa, Rogue Sport and its commercial vans. from Section Page News - Automotive News https://ift.tt/33dQa5P via IFTTT

Q&A HIGHLIGHTS: Tesla CEO outlines manufacturing domination through efficiency

Tesla's CEO believes plants could one day be 1,000 times more efficient, thinks "zero" about J.D. Power surveys and admits the company had problems getting the paint on its cars right. from Section Page News - Automotive News https://ift.tt/319yGoy via IFTTT

Requiring customers to wear masks ‘easier said than done'

With upset consumers on either side of the mask debate, dealers are grappling with whether to put their own mandates in place and how to handle any resulting customer protest. from Section Page News - Automotive News https://ift.tt/3hZQtFJ via IFTTT

GM suspends Facebook ads

GM is unhappy with Facebook’s efforts to keep hateful and disparaging content away from the automaker’s brands and has joined Ford and other companies that have stopped advertising with the social-media company, adding it is in talks with the popular platform about improving efforts to eliminate harmful content. from Section Page News - Automotive News https://ift.tt/3jZ8h5x via IFTTT

Ford will defer some quarterly payments on Energy Dept. loan

In 2009 the automaker was awarded a $5.9 billion, low-cost government retooling loan in the aftermath of the financial crisis. Ford said the loan, which has $1.26 billion of principal remaining, will be repaid on time by June 2022. from Section Page News - Automotive News https://ift.tt/39HXTua via IFTTT

Jaguar Land Rover parent Tata posts bigger quarterly loss on pandemic hit

Sales at JLR, which accounts for most of the company's revenue, fell more than 42 percent during the quarter and Tata said outlook for the unit remains uncertain. from Section Page News - Automotive News https://ift.tt/30h66CI via IFTTT

FCA loses $1.24 billion in Q2; North America ekes out a profit

North American vehicle shipments sank 62 percent. But the company said that was "partially offset by favorable channel and model mix," so the region avoided a loss even as net revenues fell 53 percent to $9.71 billion. from Section Page News - Automotive News https://ift.tt/3k0TDKS via IFTTT

Mazda braces for full-year operating loss as sales slump

The automaker posted an operating loss of $433 million in the April-June quarter and said it would forgo paying a dividend this year. from Section Page News - Automotive News https://ift.tt/3ffENwO via IFTTT

Power companies push EVs, charging infrastructure

Utilities see EV growth as a way to sell more power, balance electricity demand and meet sustainability goals. But some aspects of the industry’s campaign, such as lobbying for tax credits, put it at odds with oil interests. from Section Page News - Automotive News https://ift.tt/3gpEUqE via IFTTT

Diess has supervisory board's full support, VW says

The CEO has for months pushed to lower costs at the automaker's German operations, repeatedly clashing with labor representatives who control nine of the 19 seats on VW's board. from Section Page News - Automotive News https://ift.tt/39FkasB via IFTTT

DuPont takes $2.5 billion charge tied to auto business

DuPont said said its transportation unit earnings before interest, taxes and other expenses fell 86 percent to $49 million while total revenue fell 34 percent to $832 million. from Section Page News - Automotive News https://ift.tt/30d8D0E via IFTTT

VW Group swings to Q2 loss, cuts dividend

The automaker expects full-year operating results before and including special items to be severely lower than in 2019, albeit in positive territory. VW also predicted a significant decline in full-year sales from 2019. from Section Page News - Automotive News https://ift.tt/2EyReHk via IFTTT

Panasonic to boost energy density in Tesla battery cells by 20%

This is the first time Panasonic has outlined these targets, putting down a marker in a highly competitive sector to stay ahead of the game. The supplier also said it would commercialize a cobalt-free version of its battery cells "in two to three years." from Section Page News - Automotive News https://ift.tt/2DffDB0 via IFTTT

Ghosn aide's trial to start in September, report says

Greg Kelly is accused of helping former Nissan boss Carlos Ghosn understate his compensation. He has denied the charge and is out on bail in Japan. from Section Page News - Automotive News https://ift.tt/30ZgBtf via IFTTT

Renault CEO confident about alliance with Nissan, Mitsubishi

Luca de Meo said that contacts between the French and Japanese parts of the alliance had taken on a new tone in the past few months. "We are trying to focus on four or five key projects where we can really prove to each that by working together it's going to bring a benefit," he said. from Section Page News - Automotive News https://ift.tt/309ocq2 via IFTTT

Renault reports record $8.6 billion first-half loss

The loss underlines the challenges facing the automaker, which is slashing costs and trying to repair relations with alliance partner Nissan. Renault refrained from giving any financial guidance for the year except to say it’s on track with cost savings. from Section Page News - Automotive News https://ift.tt/2Pb3Ki6 via IFTTT

Cox Automotive cuts 1,600 jobs in North America

About 1,100 of the 1,500 positions eliminated in the U.S are part of Cox's Manheim wholesale auction unit. Another 130 posts were cut in Canada. from Section Page News - Automotive News https://ift.tt/30cxVf2 via IFTTT

Cox Automotive cuts some 1,600 jobs in North America

About 1,100 of the 1,500 positions eliminated in the U.S are part of Cox's Manheim wholesale auction unit. Another 130 posts were cut in Canada. from Section Page News - Automotive News https://ift.tt/39EKD9z via IFTTT

Fred Schwab, who helped rescue Porsche's U.S. fortunes, dies

A former accountant drafted to overhaul Porsche's U.S. management, Schwab oversaw the U.S. introduction of the Boxster and Cayenne, fueling a sales boom while fostering a new base of fans. from Section Page News - Automotive News https://ift.tt/2X9b2r3 via IFTTT

Tesla's Musk says he's open to supplying batteries to rivals

In a tweet, the CEO said the electric vehicle maker is "trying to accelerate sustainable energy, not crush competitors." from Section Page News - Automotive News https://ift.tt/33adeCv via IFTTT

Marelli to close lighting plant in Michigan

The closure is due to "a number of prolonged challenges" including downward trending vehicle volumes "exacerbated by COVID-19" and new technology from nontraditional suppliers, Marelli said. from Section Page News - Automotive News https://ift.tt/3gagxNV via IFTTT

GM posts $758M Q2 loss but shows 'resiliency' in N.A. amid plant closures

Production and revenue fell by more than half, but cost cutting and strong pricing allowed the automaker to nearly break even in North America despite its plants being closed for eight weeks. from Section Page News - Automotive News https://ift.tt/2DcZrjQ via IFTTT

Honda Odyssey undergoes mild makeover

A restyled grille and front bumper, along with additional standard safety equipment, highlight the changes to the Odyssey, the No. 2 seller among U.S. minivans in 2019 and the top seller in the first half of 2020. from Section Page News - Automotive News https://ift.tt/310o0Zc via IFTTT

South Korea launches safety probe into Tesla vehicles

Braking and steering systems including the Autopilot function are part of the investigation, a transport ministry official said. from Section Page News - Automotive News https://ift.tt/2X9j8zU via IFTTT

Penske Automotive Q2 net income plunges 62% amid virus shutdowns

New-vehicle unit sales plummeted 44 percent to 30,687. Used-vehicle sales dove 41 percent to 42,606 units. But the dealership group said June results in both the U.S. and abroad strongly improved from March and April. from Section Page News - Automotive News https://ift.tt/3fcjKuV via IFTTT