Automotive Archives · Page 5 of 100

Ford China Vehicle Sales Up From August 2015 to August 2016

Published by Rajesh Namase on September 9, 2016

Ford China along with its JV partners has sold significantly more vehicles in China this August than last August. In particular, sales of the Ford Escort, Focus and the Edge SUV contributed to the 22% increase in sales in August 2016 over 2015. Through January to August 2016, sales for Ford Motor [...]

Liberty Media and F1 Purchase – Liberty Media Buys Formula 1

Published by Pete Nisbet on September 8, 2016

Liberty Media and F1 have confirmed the purchase of Formula 1. We announced the likelihood of this earlier, but it has now been confirmed – pending regulatory approval. The price paid by the American media firm is $4.4 billion (£3.3 billion). There have been many years of speculation about the [...]

Tesla Motors Loan From Deutsche Bank Finances Vehicle Leasing

Published by Pete Nisbet on September 8, 2016

A Tesla Motors loan from Deutsche Bank for borrowing of up to $300 million will ease Tesla's future borrowing needs. Tesla manufactures electric cars, and the funds are to finance its electric vehicle leasing program. This is just one aspect of Tesla’s drive to strengthen the company’s financial [...]

Ford Investment in Wales Bridgend Plant to Be Cut

Published by Pete Nisbet on September 7, 2016

Ford investment in Wales is to be reduced. Production of its new generation of petrol engines in Bridgend is to be cut by half. A planned investment of £181 million is to be cut to £100 million. There are 1,850 jobs at stake although Ford has stated that no jobs are planned to be lost. However, th [...]

Volkswagen and Navistar Come to Share Agreement

Published by Rajesh Namase on September 6, 2016

Volkswagen and Navistar reach share agreement. Volkswagen has come to an agreement with American truck manufacturer Navistar. VW has agreed to purchase a 16.6% share in the Navistar business. This strategy provides Volkswagen with a quick entry into the US truck market. This is not an easy busine [...]

Formula One Sale to Liberty Media Goes Ahead Says Ecclestone

Published by Pavan Lipare on September 4, 2016

The Formula One sale to Liberty media is to go ahead next week. The German trade magazine Auto Motor Und Sport was informed of this by Bernie Ecclestone, chief executive of the Formula One group. The comment was made to the magazine during qualification for the Monza Grand Prix in Italy Saturday. [...]

New Chinese Company Created to Build China’s Own Aircraft Engines

Published by Pete Nisbet on August 29, 2016

A new Chinese company has been set up to build the county’s own aircraft engines. China has set up its own state-owned aircraft engine manufacturing facility as part of a push by President Xi Jinping to make China less reliant on foreign technology, and to reduce the need for imports. The new [...]

Volkswagen Compensation Deals and Settlement For Financial Losses

Published by Pete Nisbet on August 26, 2016

Volkswagen compensation deals have still to be completed and settlement for financial losses agreed. Volkswagen AG is to spend over $1.2 billion to compensate US dealers for financial losses accrued from the diesel emissions scandal. A tentative settlement was agreed at a San Francisco court he [...]

Driverless Taxis in Singapore – nuTommy Enters the Fray

Published by Pavan Lipare on August 25, 2016

Driverless taxis are now in Singapore. Self driving and autonomous cars are appearing everywhere these days, even though they have never been passed for use by any world authority. What is now appearing to be permitted are so-called driverless taxis. They must have drivers present to take over contr [...]

Volkswagen Production Resumes After Dispute Resolved

Published by Rajesh Namase on August 23, 2016

Volkswagen production is expected to resume shortly after a dispute with suppliers has been resolved. Car seats and essential gearbox components were unavailable due to a dispute over cancelled contracts. This was reported in Market.biz Tuesday. Volkswagen was said to have cancelled a contrac [...]

Ford China Vehicle Sales Up From August 2015 to August 2016

Liberty Media and F1 Purchase – Liberty Media Buys Formula 1

Tesla Motors Loan From Deutsche Bank Finances Vehicle Leasing

Ford Investment in Wales Bridgend Plant to Be Cut

Volkswagen and Navistar Come to Share Agreement

Formula One Sale to Liberty Media Goes Ahead Says Ecclestone

New Chinese Company Created to Build China’s Own Aircraft Engines

Volkswagen Compensation Deals and Settlement For Financial Losses

Driverless Taxis in Singapore – nuTommy Enters the Fray

Volkswagen Production Resumes After Dispute Resolved

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