«Make sure you really know what the consumer wants,» he says of government environmental efforts that focus
on auto makers adding more electric vehicles to their lineups.
Normally we might rail
on an auto maker for using carryover engines in a new high - stakes vehicle, but the strategy makes sense in this case.
Marchionne says the Chrysler team is inspired by the efforts of the federal government
on the auto maker's behalf.
Not exact matches
Prime Minister Justin Trudeau is facing pressure from President Barack Obama to ratify the agreement, while Canada's
auto - parts
makers and former Research in Motion chief executive Jim Balsillie are among the voices calling
on Trudeau to walk away.
Rather, he argues, Ottawa needs to pursue a more multi-faceted policy that focuses
on the parts sector and the tool -
makers, promotes labour - force development and assists Canadian
auto parts suppliers to promote themselves internationally.
In the
auto sector, truck
maker AB Volvo fell 4.6 percent after it warned that its supply chain was coming under pressure, while results from automaker PSA Group disappointed, weighing
on its shares.
Jefferies research increased its price target
on Fiat Chrysler after rumors that a Chinese
auto parts
maker made a bid
on the company.
BEIJING, April 25 (Reuters)- German car
maker Daimler AG's boss said
on Wednesday there was no indication the firm's largest shareholder, Chinese
auto magnate Li Shufu, was planning a hostile takeover, after he took a $ 9 billion stake in the firm earlier this year.
It doesn't take a rocket scientist, or even a corporate governance expert, to understand that having a former Ontario premier
on a company's board can offer plenty of potential upside, especially for an Ontario - based
auto parts
maker such as Magna International.
And activist investor Carl Icahn said
on Tuesday he was selling
auto parts
maker Federal - Mogul to Tenneco Inc in a $ 5.4 billion deal.
Mylan, already the most dominant
maker of epinephrine
auto - injectors, now enjoys a near - monopoly
on the market since Auvi - Q's withdrawal: After the recall, EpiPen's market share immediately jumped from 85 % to 95 % at the end of last year.
Despite her criticism of car
makers, Merkel rejected a blanket ban
on diesel
autos, saying that a gasoline - powered vehicle actually emitted more CO2 than a diesel one.
CEO Elon Musk reiterates that Tesla is still
on pace to make about 5,000 Model 3s in a single week
Tesla Inc. burned through cash at a greater rate than analysts expected during the first quarter, intensifying pressure on the Silicon Valley auto maker to raise more capital if it continues to...
(Reuters)- Canadian
auto parts producer Magna International Inc said
on Tuesday it had joined a consortium including BMW and Intel Corp to develop a self - driving vehicle platform for the use of
auto makers by 2020.
«We're entering year nine of the longest uninterrupted
auto credit cycle
on record, and
auto makers and suppliers will find it hard to push earnings much higher, which will drive them to get creative
on expanding the multiple.
Auto - parts
maker Tenneco said
on April 10 it will buy Federal - Mogul from investor Carl Icahn's Icahn Enterprises for $ 5.4 billion including debt.
The move comes as car
makers and investors are pumping in billions of dollars into the so - called new energy vehicle sector in China, the world's biggest
auto market, which is preparing to roll out tough norms to promote the sector to fight urban smog and cut dependence
on imported oil.
But Peter Boockvar noted that China's 25 % tax
on US imported
autos «mostly impacts German car
makers like BMW and Mercedes.»
While critics of the deal focus
on comparing Canada's tariff phaseout period
on vehicles to the longer tariff cut schedule offered by the United States, they fail to acknowledge that the important bilateral concession offered by the United States was the immediate elimination of U.S. duties
on auto parts — something that will benefit American assembly plants as well as TPP parts
makers.
With CAFE,
auto makers felt bound to give consumers the horsepower they demanded, and for a number of years that kept a lid
on fuel - economy improvements.
A premium was placed
on making the ATS's platform lightweight, with engineers slicing every possible gram of mass out by seeking the lightest parts alternatives, the
auto maker says.
Fiat, showing off its 7 - seat Freemont passenger van at the recent Moscow
auto show, also has designs
on the country, while Renault says it sees Russia challenging Brazil to become the
auto maker's strongest market.
Floating style — Malcolm Bobbitt explores the history of Citroën's unique suspension system and its application in the ground - breaking Traction Avant and DS models /
Auto - biography: Karl Ludvigsen — Matthew Bell visits the noted motoring historian, writer and consultant at his home in Suffolk and learns about his distinguished career / The Loewy Studebakers — Stephen Bayley looks at the extraordinary Studebaker coupés of the mid-1950s and tells the story of their aromatic stylist, Raymond Loewy / David: Spain's forgotten cyclecar — With the help of rare archive material, Francisco Carrión Cardenas unearths the history of Spain's most successful cyclecar
maker / Vintage Motoring — Detective Agency John Warburton examines the contents of R L Appleton's photograph album, covering his motoring exploits in the years 1930 to ’33 / Back
on the Road — Michael Ware reports
on a recently completed 1937 BMW 319/28 special built for the dual purposes of competition and long - distance touring
The ATS likely would ride
on GM's Alpha rear - wheel - drive architecture, which before the
auto maker's bankruptcy last summer and the run - up in gasoline prices, was supposed to underpin a lineup of smaller RWD cars.
Marchionne says his most pleasant surprise since taking over Chrysler was the speed of bringing down the
auto maker's breakeven point, which is substantially lower than most
on the Chrysler team thought.
Several
auto makers recently united
on a push to convince governments worldwide to begin to develop a hydrogen production and fueling infrastructure to support FCVs, Uchiyamada notes.
Most major
auto makers, including Renault, count
on exports to buoy their bottom line, and many build cars overseas where they sell them.
While most other
auto makers have moved
on to more sophisticated overhead - cam architectures, with the exception of Chrysler's Hemi V - 8, Damico says the OHV design offers some key advantages, such as the ability to integrate fuel - saving cylinder deactivation with little extra cost.
«We're never going to back off
on investment in new vehicles,» despite economic calamity that has Europe reeling, says the
auto maker's CEO.
Auto makers currently are working
on efforts to achieve a government - ordered fleet - wide fuel economy of 35.5 mpg (6.6 L / 100 km) by 2016.
The industry also appears
on its way to a stronger - than - expected August, with the seasonally adjusted annual sales rate pacing at 14.6 million units ahead of some
auto makers reporting results.
Tire places know you have to pay more for their 20 - inch tires than the standard 14 and 15 inch tires, so they buddy up with the
auto makers to ensure they stick oddball sized wheels
on new vehicles.
The Mazda6 / Atenza, based
on the Takeri concept sedan that debuted at the 2011 Tokyo
auto show, is the second Mazda model to incorporate the full range of the
auto maker's Skyactiv powertrain technology.
Fiat's sales in Europe plunged 10.7 % to 860,000 units, a performance the
auto maker blames
on an unfavorable mix.
It also is built
on VW's new MQB architecture that is expected to underpin a number of vehicles for the
auto maker's various brands.
General Motors executives say brisk sales of large pickups this year, which helped push the
auto maker's May sales up 3.1 %, could allay the need for summer discounts
on its Chevrolet Silverado and GMC Sierra to clear dealer lots for redesigned models of the trucks.
«We're going to stay disciplined, but we're going to stay competitive, too,» McNeil tells journalists and Wall Street analysts
on a conference call today to discuss the
auto maker's sales results.
That is if you don't count layovers and delays due to snowstorms like the one that held us hostage in Moscow
on the way to witness the birth of Chevrolet Aveo production at
auto maker GAZ's massive operations here.
Sprague says the
auto maker worked to make the transition between powering
on and off more seamless.
Loveless declines to elaborate
on the types of products Kia plans to introduce in the next 12 months, suggesting only that the
auto maker's recent track record has been to enter larger - volume segments.
The Korean
auto maker's bet
on the U.S. came ahead of the country's worst economic collapse in the post-World War II era.
On the strength of 20 new product launches, the
auto maker's core brand needed only 11 months to outpace 2005's global sales total.
The
auto maker mused that introducing a new product and assembling it
on the same line with platform - mates that don't offer manual transmissions, the Chrysler 300 and Dodge Charger sedans, was an unnecessary risk.
DETROIT —
Auto maker and supplier executives largely disagree
on what powertrains will dominate in 2016 and beyond.
Whether or not that's the case, industry analysts have turned decidedly bullish
on Mazda and not just because of the forex markets, but also because the
auto maker apparently has made good
on promises to cut costs in platform development through vertical, or top - down, integration of its model lineup.
The EV can accelerate from 0 - 60 mph (97 km / h) in just five seconds and travel 150 miles (240 km)
on a single charge, the
auto maker says.
But the
auto maker clearly has more confidence in the MKZ's prowess, as demonstrated by this test drive
on the infamous «Tail of the Dragon,» an 11 - mile (18 - km) stretch of road here that contains 318 challenging turns.
FRANKFURT, July 4 (Reuters)- German
auto parts and tyre
maker Continental said
on Tuesday it would take a minority stake in French autonomous driving company EasyMile and cooperate with it
on environmental sensors, braking systems and driving safety technologies.
Senior Vice President Minoru Shinohara is bullish
on all - electric vehicles, such as the
auto maker's upcoming Leaf small car that goes
on sale in December in the U.S.
Meanwhile, GM is looking for ways to further increase production of its hot - selling Chevrolet Equinox cross / utility vehicle, which shares 3 - shift capacity at the
auto maker's Ingersoll,
ON, Canada plant with the GMC Terrain, Lutz says.