Tag: reports

Asian Automakers Benefit From Ford And Chevrolet Leaving Compact Car Segment

Decisions from Ford and Chevrolet to leave the compact car segment in the United States has proven to be a blessing for a number of Asian automakers, particularly Hyundai, The Detroit News reports. According to an industry study by Edmunds, 42 per cent of Ford Focus and Chevrolet Cruze owners have stayed in the compact […]

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Toyota North America CEO Jim Lentz To Retire, COO Tetsuo Ogawa To Replace Him

Toyota North America chief executive Jim Lentz will retire this spring and be succeeded by Tetsuo ‘Ted’ Ogawa, Toyota North America’s current chief operating officer. Speaking with The Wall Street Journal, Lentz stated that Toyota is making long-term bets on electric and autonomous vehicles that could take decades to play out. The outgoing chief executive […]

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Jeep Intends To Electrify All Its Models By 2022

Jeep is set to electrify all of its vehicles in the next two years as it looks to establish itself as a green brand. During a recent media event in New Zealand, Jeep global president Christian Meunièr revealed that Jeep will become “the greenest SUV brand in the world” adding that the electrified models in […]

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2020 Porsche Taycan Turbo Gets A Disappointing EPA Range Of 201 Miles

The U.S. Environmental Protection Agency has announced that the 2020 Porsche Taycan Turbo can travel just 201 miles (323 km) over the combined cycle. Since the Taycan was unveiled back in September, the German car manufacturer has been publicizing the car’s ability to travel up to 280 miles (450 km) over the WLTP cycle used […]

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Tesla’s Berlin Plant To Churn Out 500,000 EVs Annually, Model Y Could Be Ahead Of Schedule

Tesla reportedly plans on building 500,000 electric vehicles per year at its new Berlin Gigafactory, while creating 10,000 new jobs. Construction on the site will kick off next year, with the whole complex measuring as much as 420 soccer pitches, as per Germany’s Bild newspaper. The EV-maker will also establish an engineering and design center […]

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Porsche Taycan Exceeds Expectations, Scores 30,000 Reservations

The Taycan is more popular than Porsche expected it to be as, so far, 30,000 customers expressed their interest in purchasing it in Europe. Quoting information from Handelsblatt, Reuters reports that each customer made a down payment of €2,500 ($2,780). Furthermore, one-third of them have placed a firm order, according to CEO Oliver Blume, who […]

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Ford Open To The Idea Of An Electric Mustang Coupe

If you thought traditional Ford Mustang fans couldn’t get any more upset over the marque’s decision to launch the Mustang Mach-E crossover, it has emerged that this model could be followed up by an all-electric Mustang coupe. Not long after the Mustang Mach-E premiered at the Los Angeles Auto Show last month, Ford’s president of […]

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Honda Set For Major Reform Targeting Better Quality, Bigger Profit Margins And Focus On EVs

Honda’s Chief Executive Takahiro Hachigo is set to change the way the Japanese automaker does its business, following a string of expensive recalls and other quality issues. Speaking to a gathering of Honda’s suppliers in Japan, the car maker’s boss said that they must slash their model range and decrease the number of model types […]

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GM Loans $40 Million To EV Truck Maker That Bought It’s Ohio Factory

It has been revealed that General Motors will provide $40 million in financing to Lordstown Motors Corp, the company which recently agreed to takeover GM’s Lordstown Complex. Legal documents filed late last week reveal that GM has made the $40 million loan available to help Lordstown Motors buy the facility and start building its planned […]

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New Corvette Coming To Australia In 2021 In Z51 Guise And Without Chevrolet Branding

The mid-engined Chevrolet Corvette will reportedly land in Australia in 2021 equipped with the Z51 package and without any Chevrolet branding or marketing behind it. At the global reveal of the new ‘Vette back in July, Chevrolet announced that it will be produced in right-hand drive guise and sold in market where previous-generation models haven’t […]

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BMW And Hyundai Targeted By Hackers Attempting To Steal Trade Secrets

It appears BMW’s agreement with Vietnam’s VinFast has made the company a target of hackers attempting to steal trade secrets. According to Bayerischer Rundfunk, a hacker group known as OceanLotus targeted BMW this spring. As part of the operation, hackers installed a tool called Cobalt Strike and then used it to attempt to gather confidential information. […]

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TEN Publishing Shutting Down 19 Of Its Print Car Magazines, Including Automobile And More

TEN Publishing has announced that it will end print operations for 19 of its 22 magazine titles next year. The media company, previously known as The Enthusiast Network, operates some of the industry’s leading automotive magazines. Among those being axed are 4-Wheel & Off-Road, Automobile, Car Craft, Classic Trucks, Mopar Muscle, Mustang Monthly, Super Chevy, […]

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