Daimler CEO Kallenius Warns of Drastic Pay Cuts

Daimler CEO Kallenius Warns of Drastic Pay Cuts

Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic. The virus outbreak will force manufacturers to do more significant restructuring...
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Mercedes-Benz Will Have Autonomous Capability

Mercedes-Benz Will Have Autonomous Capability

Mercedes-Benz and Nvidia are going to build a new software-defined computing architecture for automated vehicles based on the Nvidia DRIVE platform that will be installed across the fleet of next-generation Mercedes-Benz vehicles, starting in 2024. “It&#...
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Volkswagen Management In Turmoil

Volkswagen Management In Turmoil

As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue of its unsatisfactory system governance is rearing up again. CEO Herbert Diess lost his other job as head of VW brand...
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SUV Sales Exceed 40% Of Global Car Sales

SUV Sales Exceed 40% Of Global Car Sales

SUV Sales Exceed 40% Of Global Car Sales For The First Time. Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales...
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Nissan Considers Slashing 20,000 Jobs Worldwide

Nissan Considers Slashing 20,000 Jobs Worldwide

Nissan scientists and management have known for 3 years what the future of cars will look like. They also know that the day of reckoning has approached. Briefly: The future of cars will look a little different than what the design...
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Next-gen Genesis G80 to start at $48,725

Next-gen Genesis G80 to start at $48,725

The midsize sedan undercuts German rivals with lower pricing, extensive standard equipment, two engine options and a fresh look. The new 2021 Genesis G80 mid-size luxury sedan starts at $48,725 and ranges up to nearly $70,000 when fully loaded. It’s av...
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Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April

Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April

The catastrophe in Class 8 heavy duty truck orders continues. Still struggling with the remnants of an order backlog that started almost two years ago with record orders in August 2018, the industry was unable to find an equilibrium prior...
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FCA posts $1.9 Billion loss in Q1

FCA posts $1.9 Billion loss in Q1

Fiat Chrysler Automobiles lost $1.9 billion (1.7 billion euros) in the first three months of 2020 as the Italian-American automaker felt the initial financial sting of the coronavirus pandemic. Despite the loss, the company said it had revenues of $22 billi...
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Daimler Sees 70% Drop in 1Q Earnings, Renault and Hyundai Follow

Daimler Sees 70% Drop in 1Q Earnings, Renault and Hyundai Follow

Daimler AG (owner of Mercedes-Benz) sees first-quarter earnings plunge almost 70% as the coronavirus-related lockdowns have left its auto showrooms closed. The German luxury automaker announced that it expected preliminary adjusted first-quarter earnings befo...
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Ford Is Delaying North American Production Indefinitely

Ford Is Delaying North American Production Indefinitely

There are basically no U.S. auto sales right now. With what are sure to be ugly March sales numbers looming, Ford has now decided it is cancelling plans to re-start production in the U.S. and Mexico over the next two...
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Ford and 3M Designers Making Respirators Out of F-150 Seat Coolers

Ford and 3M Designers Making Respirators Out of F-150 Seat Coolers

Ford and 3M Designers Go MacGyver, Making Respirators Out of F-150 Seat Coolers, Power Tool Batteries and Pool Supply Hoses. Their creative collaboration combines off-the-shelf components with digital fabrication and ingenuity. To help fight the COVID-19 crisi...
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New Cars Planned for Cancelled Geneve Autosalon

New Cars Planned for Cancelled Geneve Autosalon

Aston Martin V12 Speedster Engine V12 5.2 litres 700 HP, RWD, Max speed 300 km/h. Only 88 copies – limited edition. Prices starts at 765,000 pounds.   Hispano Suiza Carmen Boulogne (limited edition) Two electric engines, combined power 1.115 HP...
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French Car Market Hammered 18%, Global Auto Industry In Meltdown

French Car Market Hammered 18%, Global Auto Industry In Meltdown

While China may have led the charge in dragging the global automotive industry deeper into recession than it already was pre-coronavirus, equally ugly numbers are starting to pop up in other parts of the world. For instance, the French car...
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EU Auto Registrations Plunge Into Abyss

EU Auto Registrations Plunge Into Abyss

For months we have been commenting about how the global auto market is mired in recession. Most recently, we have been highlighting how China, one of the world’s largest economies and auto markets, has been exacerbating things with terrible sales numb...
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Billionaire Lawrence Stroll Rescues Iconic Aston Martin With $657M Bailout

Billionaire Lawrence Stroll Rescues Iconic Aston Martin With $657M Bailout

Confirmed by a London Stock Exchange filing on Friday morning, a group of investors led by Canadian billionaire, fashion tycoon, and Racing Point Formula 1 team owner Lawrence Stroll just took a 16.7% stake in Aston Martin for the British equivalent of...
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