Category: Automotive

New York Auto Show: Hyundai New Sonata and Venue Debuting Today
17. 4. 2019 No Responses

New York Auto Show: Hyundai New Sonata and Venue Debuting Today

2020 Hyundai Sonata marks another selling hit for the Korean automaker. It’s a striking design that stands out as one of the most attractive in its segment. It’s one of the best looking mainstream sedans to reach production since the...
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Nissan, Ford and Daimler Led March European Car Sales Decline
17. 4. 2019 No Responses

Nissan, Ford and Daimler Led March European Car Sales Decline

European car registrations fell 3.6% in March, the Automobile Manufacturers Association, known by its acronym in French, ACEA said today, with Nissan, Ford, Daimler and Alfa Romeo showing some of the biggest sales declines. Registrations in the EU and European...
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Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant
13. 4. 2019 No Responses

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...
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New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q
3. 4. 2019 No Responses

New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q

The automotive industry has launched a key spring sales period in the US with 3.1% decline in March and a 2% decline in the first quarter. From major producers, only Honda, Hyundai, KIA, Subaru and the Volkswagen Group have improved....
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IPO valued Lyft at $ 24.3 billion
29. 3. 2019 No Responses

IPO valued Lyft at $ 24.3 billion

The initial public offering (IPO) valued Lyft at $24.3 billion. The pseudo-taxi operator’s shares will start trading on the stock exchange today, and the price of one stock was set at $72 for a large interest at a higher level...
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Volvo’s Newest Safety Feature
23. 3. 2019 No Responses

Volvo’s Newest Safety Feature

Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders...
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BMW lowered profit estimate, shares tumbled
20. 3. 2019 No Responses

BMW lowered profit estimate, shares tumbled

BMW stock exchanges on European stock exchanges fell by almost 5% to around 72 euros after BMW management pointed to a decline in profits, announcing a € 12 billion savings plan to compensate for any damage caused by trade wars...
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The EC wants a fine of 1 billion euros for BMW, Daimler and Volkswagen
11. 3. 2019 No Responses

The EC wants a fine of 1 billion euros for BMW, Daimler and Volkswagen

The European Commission (EC) intends to impose a fine of 1 billion euros on BMW, Daimler (Mercedes-Benz) and Volkswagen for their alleged collusion where the illegal agreement was to reduce the efficiency of the exhaust filter system gases. German Der...
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From Geneve Motor Show: Imagine by KIA
6. 3. 2019 No Responses

From Geneve Motor Show: Imagine by KIA

KIA Reveals ‘Imagine by KIA’ Electric Car Concept at 2019 Geneva Motor Show. KIA describes the concept as a “large C-segment” (compact) EV, with a floor-mounted battery suitable for an inductive charging. Some design details: 6 layers ...
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Audi revealed the Q4 E-tron SUV
5. 3. 2019 No Responses

Audi revealed the Q4 E-tron SUV

The Audi brand in Geneva introduced the most anticipated novelty – the SUV electric car Q4 E-tron. The model will only come into production in 2020 and will be the fifth model of the brand in full electric drive design....
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AutoNation’s CEO: Auto sales are headed for further declines
25. 2. 2019 No Responses

AutoNation’s CEO: Auto sales are headed for further declines

AutoNation’s CEO Mike Jackson says the auto industry is entering a period of gradual decline. However, he added, “Adversity in the business will create new opportunities.” Who is more vocal than the first-line CEO? Mike Jackson is absolutely...
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US core capital goods orders unexpectedly drop in December
21. 2. 2019 No Responses

US core capital goods orders unexpectedly drop in December

The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and da...
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Nissan earnings up, outlook dim
12. 2. 2019 No Responses

Nissan earnings up, outlook dim

Japanese carmaker Nissan Motor raised quarterly operating profit by a quarter to 103.3 billion yen (about $ 890 million). Profit, however, did not meet the expectations of analysts and the carmaker reduced the year-round view. Nissan also announced that it...
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Driverless delivery startup Nuro raises almost $1 billion from SoftBank
11. 2. 2019 No Responses

Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Nuro is already testing fully driverless grocery deliveries in the Phoenix area on public roads. The autonomous delivery startup Nuro has raised $940 million from The Softbank Vision Fund, making it one of the most generously funded startups in the driverless...
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Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss
9. 2. 2019 No Responses

Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss

Tata Steel Q3 profit surges 53% YoY to Rs 1,751 crore, India business revenue up 10%. The revenue has risen 23% to Rs 41,219 crore vs. Rs 33,446.6 crore last year. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 18% to...
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