Automotive – Page 5 – PressClub World

21. 8. 2019 No Responses

Mercedes caught spying on drivers with secret tracking devices

Daimler, i.e. Mercedes-Benz has found itself at the center of an apparently illegal spying operation, following reports that it installed tracking devices on thousands of vehicles and shared customer location data with third parties. According to the Sun, Mercedes-Benz fitted secret...

19. 8. 2019 No Responses

Oldest Porsche fails to sell after auction’s bizarre $70 million mistake

The sleek Type 64 was built by Ferdinand Porsche and his son, Ferry, between 1939 and 1940, years before their namesake company was registered in 1946. It was intended for a race that was planned between Berlin and Rome, but...

12. 8. 2019 No Responses

Loadsmart And Starsky Make First Autonomous Truck Delivery

Loadsmart and Starsky Robotics Make First-Ever Digital Freight Delivery Via Autonomous Truck According to the two companies, the integration of Loadsmart’s AI-powered pricing and load matching technology with Starsky’s API meant no human interventi...

23. 7. 2019 No Responses

Harley-Davidson second-quarter profit falls 20%

H-D’s motorcycle revenue missed estimates $1.43 billion, versus $1.44 billion expected by analysts. The company reports $195.6 million in net income during the second quarter, versus $242.3 million a year earlier, a nearly 20% drop. H-D’s second-quarte...

21. 7. 2019 No Responses

Chevrolet Corvette C8 Stingray – No Manual Transmission

Chevrolet has launched the mid-engine 2020 Corvette C8 Stingray. There were a lot of leaks prior to the launch, but that did not deter the aura of the whole event. The C8 Stingray debuted in California at a standalone event,...

3. 7. 2019 No Responses

Lee Iacocca, ‘father of Ford Mustang’ & savior of Chrysler, dies aged 94

Titan of the US automotive industry Lico ‘Lee’ Iacocca, who once led Ford and later Chrysler, died of natural causes Tuesday aged 94. He is survived by two daughters and eight grandchildren. Iacocca was widely credited with saving Chrysler from...

7. 6. 2019 No Responses

How the Fiat Chrysler and Renault Merger Deal Vaporized

France government wanted a commitment from Renault partner Nissan Motor Co. to back the merger. Abstention, as signaled earlier by the Japanese management — wasn’t good enough. French side fearing that Nissan might begin torpedoing the alliance. It qui...

6. 6. 2019 No Responses

Heavy Duty Truck Orders Collapse, Down 70% Y/Y

A bloated backlog of Class 8 orders as a result of a euphoric mid-2018 continues to weigh on heavy duty truck orders in 2019. Preliminary North America Class 8 net order data from ACT Research shows that the industry booked just 10,800 units...

30. 5. 2019 No Responses

UK car production crashed by 45%

UK car production fell 44.5% according to the Society of Motor Manufacturers and Traders (SMMT). In what it called “an extraordinary month”, the SMMT said only 70,971 cars rolled off production lines. That was 56,999 fewer than in April a...

27. 5. 2019 No Responses

Fiat Chrysler proposes merger with Renault

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles. Shares of both companies jumped over 10% on the ne...

11. 5. 2019 No Responses

Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare Wall Street darling Uber raised close to $25 billion. When it loses big money – and it does every single quarter – it loses it at stratospheric burn rates. It finally debuted on the New York Stock Exchange (NYSE)...

26. 4. 2019 No Responses

Ford reports profit growth of 12% due to good sales of SUVs

Operating profit of Ford Motor Co. in the first quarter it grew by 12%, with overseas overseas losses and strong profits thanks to very good domestic sales of trucks and SUVs. A year ago, Ford shocked motorists, investors, and dealers...

25. 4. 2019 No Responses

Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson, a well-known manufacturer of extremely heavy motorcycles, announced that declining demand, higher US tariffs for raw materials and European motorcycle taxes have hit his revenue. How did Harley-Davidson compare to what Wall Street expected: Ad...

20. 4. 2019 No Responses

EV Hype Escalates Into an Absurd Price Bubble

Electric rebuild of Ford Bronco revealed with shocking price. Not built just by Ford, which has an all-new version on the production line next year, but assembled by Zero Labs, a startup niche builder based in Los Angeles that’s turned the...

19. 4. 2019 No Responses

IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets

As Uber and Lyft look to IPOs to let their investors, who have been subsidizing 40-50% of every ride, redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and...

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