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Category Archives: auto news
Magna, BAIC Group and Zhenjiang Government form EV JV
This joint venture, to be controlled by an affiliate of the BAIC Group, represents Magna’s first investment in a complete vehicle manufacturing facility outside Europe. It will combine Magna’s unique complete vehicle engineering and manufacturing expertise and BAIC’s local manufacturing, marketing and distribution footprint to support electric mobility in China. The facility has the capacity of up to 180,000 vehicles per year. Continue reading
Chevrolet 2020 Silverado Diesel – EPA 33 MPG Estimated
With an SAE-certified 277 horsepower and 460 lb-ft of torque, the Silverado 3-liter Duramax with four-wheel drive can tow up to 9,300 pounds and a max payload of 1,870 pounds. The first deliveries of the Duramax turbo-diesel are expected to begin in the fall. Continue reading
Facebook to Pay $100m for Misleading Investors on Risks from Misuse of User Data Helping Russian Attacks on US Democracy
According to the SEC’s complaint, in 2014 and 2015, the now-defunct advertising and data analytics company, Cambridge Analytica, paid an academic researcher, through a company he controlled, to collect and transfer data from Facebook to create personality scores for approximately 30 million Americans. Continue reading
BMW X5 and X3 Hybrids to Start Production in Spartanburg
During 2015 – 2018, Spartanburg produced the X5 xDrive40e, the first plug-in hybrid production car from the BMW brand. All totaled, the plant’s battery assembly team assembled more than 45,000 batteries during this four-year period. Continue reading
Posted in electric vehicles, manufacturing, new vehicle
Tagged auto industry commentary, autoinformed.com, automotive blog, BMW Group Plant Spartanburg, BMW X3, Ken Zino, X4, X5, X6, X7
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China: Jiangsu Saleen Automotive Technology Sportscars
To meet projected growth in sales of performance vehicles in China, Saleen announced a business partnership with Jiangsu Saleen Automotive Technology, Co. (JSAT) that will help Saleen expand its footprint into growing global markets with an emphasis on China. Continue reading
Don Garlits, 87, Misses 200 MPH Quarter. Sets Record Anyway
His two daughters made him “Daddy.” His numerous record rail runs made him “Big Daddy.” Garlits was the first drag racer to officially surpass the 170, 180, 200, 240, 250, and 270 miles per hour marks in the quarter mile. Continue reading
SEC Charges Engine Manufacturing Company Execs with Fraud
According to the complaint, filed in federal court in Chicago, Gary Winemaster, Power Solutions International Inc.’s former CEO, and two former senior sales executives, Craig Davis and James Needham, caused Power Solutions to fraudulently record revenue for purported sales of products that were not complete, that the customer had not agreed to accept, for which the price was falsely inflated, and from improper “bill and hold” arrangements. Continue reading
Don Garlits, 87, in Swamp Rat 38 Electric Rail Tries for 200 MPH Quarter Tomorrow at Palm Beach International Raceway
Largely known by the smoky burnout set as the most innovative racer in drag racing history with his series of Swamp Rat dragsters, the Florida native has earned 17 World Championship titles and is the owner of 144 national-event wins. His record-breaking Swamp Rat 30 is in the Smithsonian Museum of American History. Continue reading
2020 Chevrolet Corvette Stingray Revealed
The Stingray’s gasoline engine is Chevy’s next-generation 6.2L Small Block V8 LT2 engine, producing up to 495 horsepower (369 kW) and 470 lb-ft (637 Nm) of torque — the most horsepower and torque for any entry Corvette. There will be more powertrain offerings going forward as global standards to fight CO2 tighten. Continue reading
Chinese BYD, Toyota Agree to Develop Battery Electric Vehicles
The Chinese continue to move ahead in their attempt to dominate the world economy. In the latest move from BYD, which is headquartered in the world’s largest auto market, BYD has entered an agreement with Toyota to jointly develop battery electric vehicles (BEVs). Continue reading
KARPUT! Volkswagen Golf Alltrack, Sportwagen Die in 2019
Over the past several years, demand has shifted from wagons to SUVs. Through the first half of 2019, SUVs account for 47% of the industry sales, and more than 50% of Volkswagen sales. Thanks to sales of the Atlas and Tiguan, Volkswagen has had the highest year-over-year percentage growth among mainstream automotive brands in the first six months of 2019. Continue reading
Penske Automotive Increases Dividend to $0.40 Per Share
“We are pleased to offer our shareholders an increase in the quarterly dividend for the 33rd consecutive quarter. Our sector leading dividend represents a yield of 3.6% and reinforces our commitment to PAG shareholders,” said Penske Automotive Group President Robert H. Kurnick, Jr.” Continue reading
JAXA, Toyota Start Research for Manned Pressurized Rover
In what was largely a rerun of a release from 12 March 2019, when the two parties announced their agreement to consider collaboration, the organizations formally agreed to carry on. The prototype rover will be a modified version of a standard production vehicle. (JAXA and Toyota Agree on Future Mobility – A Lunar Rover) Continue reading
Mercedes-AMG Petronas Motorsport take a 1-2 at Silverstone
“I remember my first win here in 2008 and the feeling that I had coming out of Brooklands and going down the straight and seeing the crowd, it felt so reminiscent of that today – the excitement and happiness and joy that I felt were exactly the same as back then,” said Hamilton. “I’ve done so many races now, and you would think that after so many races you’d get used to it and the feeling would numb down, but it felt like it was the first win I ever had.” Continue reading
US Deficit and Government Spending Grow in Q2
Fasten your seat belt it’s going to wild ride. Is that a tropical storm building in the straits of Hormuz? Continue reading →