Nissan unveils electric car more powerful than its GT-R
Businessam Staff
October 25, 2017
Nissan Motor Co. unveiled a concept electric car that’s more powerful than its iconic GT-R sportscar, aiming to put it into production after 2020 and share the platform with partners Mitsubishi Motors Corp. and Renault SA. The IMx concept model is the most powerful in Nissan’s lineup with a torque of 700 Newton meters, compared with the GT-R’s 637 […]
GM plans 20 all-Electric Models by 2023
Businessam StaffOctober 2, 2017
General Motors Co. joined a growing group of automakers promising an emissions-free future for cars by pledging to sell 20 all-electric vehicles by 2023. The largest U.S. automaker, which generates most of its profit with large sport utility vehicles and pickup trucks, plans to have a lineup of both battery-powered cars and hydrogen fuel-cell autos, […]
BAIC expects first cars from South African plant by early 2018
Businessam StaffSeptember 26, 2017
Chinese car-maker BAIC said Tuesday it expected the first vehicles to roll off its new 11 billion rand ($826 million) South African assembly plant early next year, with most of the vehicles destined for export. The factory, near car export hub of Port Elizabeth, will be the first new car plant in South Africa in […]
Carmakers face electric reality as combustion engine outlook dims
Businessam StaffSeptember 12, 2017
European car bosses gathering for the Frankfurt auto show are beginning to address the realities of mass vehicle electrification, and its consequences for jobs and profit, their minds focused by government pledges to outlaw the combustion engine. As the latest such announcement by China added momentum to a push for zero-emissions motoring, Daimler, Volkswagen and […]
Aston Martin unveils £500m UK-Japan deal as Theresa May begins state visit
Businessam StaffAugust 30, 2017
Aston Martin, Luxury British sports car manufacturer has unveiled a £500m trade and investment deal with Japan, as Theresa May, UK Prime Minister arrived the country to meet Japanese counterpart Shinzo Abe, along with a British trade delegation. Under the terms of the agreement, Aston Martin will expand its dealership network in Japan, open up […]
Talks by VW Group, Tata to produce emerging market car end amicably
Businessam StaffAugust 11, 2017
Cooperation talks between Germany’s Volkswagen Group and India’s Tata Motors about joint development of a car for emerging markets have ended amicably, according to the companies. The collapse of the talks is a further blow to Volkswagen’s (VW) efforts to develop a cheap vehicle platform for Asian markets after an earlier alliance with Japan’s Suzuki […]
Pre-order for Tesla new model electric car falls 12%, says CEO Musk
Businessam StaffAugust 3, 2017
Tesla CEO and founder Elon Musk has revealed that about 63,000 (12.2%) people have canceled their Model 3 pre-orders. The number of orders went from approximately 518,000 to 455,000, Musk said. Tesla is continuing to see demand for its first mass market car, the Model 3, with an average of 1,800 new orders a day […]
Daimler stands by diesel despite growing controversy
Businessam StaffJuly 26, 2017
German automaker Daimler’s profits barely rose and were short of market expectations in the second quarter, as its Mercedes-Benz luxury car division boomed while earnings lagged at its truck, van and bus businesses. The earnings were overshadowed by the growing controversy over diesel technology hanging over the automaker — and the auto industry in general […]
GM extends plant shutdown to rein in Chevy Bolt supply
Businessam StaffJuly 18, 2017
General Motors has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM’s vehicle inventory in the United States hit a 10-year high in June at 105 days supply. The […]
Honda’s pickup truck beating Ford at its own game in US
Businessam StaffJuly 14, 2017
Forget game theory, futurists, and cash-flow models: When it comes to product strategy in today’s auto industry, things need not be so complicated. Just make some trucks, and Americans will buy them—lots of them. It helps, of course, if you make a very good truck. Honda did just that when it rolled out a thoroughly redesigned version of its Ridgeline […]