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- Porsche AG Reorganization 2.0 or The New Strategy 2035
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Tag Archives: automotive blog
Daimler Trucks – New Group for Highly Automated Driving
The main tasks of the new unit comprise overall strategy and implementation of the automated driving roadmap, including research and development as well as setting up the required operations infrastructure and network, heading towards the series production of highly automated trucks (SAE level 4). Continue reading
Chinese Junk Watch – Recalled ION Audio Sport Express
Consumers should immediately stop using the recalled portable speakers and contact ION Audio for a refund in the form of an ION Audio gift card. Ion Audio has received five reports of speakers exploding including four incidents resulting in property damage to the surrounding area. No injuries have been reported. Continue reading
Volkswagen ID.R Sets New EV Record on The Nürburgring
The Volkswagen ID.R, powered by two electric motors, lapped the Nürburgring-Nordschleife in 6:05.336 minutes – faster than any electric vehicle before it. Romain Dumas (F) beat the previous record set by Peter Dumbreck (GB, NIO EP9) in 2017 by 40.564 … Continue reading
Dixon – Last and First in Detroit Indy Car Weekend
Josef Newgarden, driver of the #2 Hitachi Team Penske IndyCar Chevrolet V6, won on Saturday, during the first of two weekend Chevrolet Detroit Grand Prix races on Belle Isle in Detroit, Michigan. The win solidified Newgarden’s spot – for the moment only – as the top driver in the point standings. Rossi, Dixon, Pagenaud and Sato all drive like a series winner. Continue reading
Honda Fastest in Practice for Chevrolet Detroit Grand Prix
Driving the No. 27 NAPA AUTO PARTS Honda, Rossi navigated the bUmPy street course at Belle Isle Park in 1 minute, 15.1367 seconds (112.595 mph) to record the best lap among the day’s three practice sessions. As an aside, Belle Isle would have reverted to an urban slum garbage dump if not for racing sponsorships and some deft behind the scenes maneuvering by the Penske family. Continue reading
Posted in racing
Tagged auto industry commentary, autoinformed.com, automotive blog, Chevrolet, detroit grand prix, honda, indycar, Ken Zino
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Ferrari SF90 Stradale – a New Production +$500,000 Supercar
The SF90 is immoderate on every level because it delivers unprecedented performance for a production car. Figures such as 1000 horsepower with three electric motors helping and 390 kg of downforce at 250 km/h not only put the SF90 Stradale at the top of its segment, but also means that a V8 is the top-of-the-range model for the first time in the marque’s history. It can travel up to 15.5 miles (25 km) in zero-emissions electric power only – making legal in cities that ban use of conventional gasoline engines. Continue reading
INFINITI Leaves Hong Kong for Yokohama in EV Reorg
The relocation is an attempt to address a disconnect with
global design, research and development and manufacturing functions based in
Japan. This connection is said to crucial as INFINITI ramps up development of
its battery electric and e-POWER offerings. Continue reading
BMW North America Appoints Uwe Dreher to VP Marketing
A 17-year employee of the BMW Group, Dreher is said to have a wide range of marketing expertise with positions both at headquarters in Munich and abroad. He started with the company in 2002 working on brand management with MINI at the time of the relaunch of the brand. Continue reading
Posted in marketing, people
Tagged auto industry commentary, autoinformed.com, automotive blog, BMW North America, Ken Zino, Uwe Dreher
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Hyundai Shows Performance Control for Commercial EVs
The ability to calculate the gross weight of a moving vehicle in theory means that an electric vehicle’s torque output can be optimized to maximize estimated remaining range. This reduces potential wheel spin and reduced traction when a vehicle is carrying less payload, increasing commercial efficiency. The new technology also allows for changes in torque output based on topography, altering the amount of torque needed to propel a vehicle uphill based on its gross. Continue reading
BMW Honors Designer Marcello Gandini
Like many Italian show cars of the 1960s and 1970s, the original BMW Garmisch was developed by Bertone as an independent design proposal intended to demonstrate the studio’s creativity. Continue reading
Renault’s Board of Directors to Study with FCA the Merger
“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a carefully worded statement. Continue reading
Posted in economy
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Groupe Renault Board Meeting Now on FCA Merger Bid
Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading
Posted in milestones, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Pagenaud Driving a Chevrolet for Penske Wins Indy 500
It truly was a Memorial Day Classic, having survived Tony George’s best attempts to kill the race with the ill-fated Indy Racing League fiasco. Nonetheless, the series, which used to dominate the sports pages during May is now only one racing event alongside the F1 Monaco Grand Prix (Lewis Hamilton in a Mercedes-Benz) and NASCAR’s 600-mile Charlotte race (Martin Truex in a Toyota won). Continue reading
Posted in racing
Tagged auto industry commentary, autoinformed.com, automotive blog, Ken Zino, Simon Pagenaud, Team Penske
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Carvana Ups Size, Price of Common Offering. Results Unknown
The offering is subject to customary closing conditions. Wells Fargo Securities, Citigroup and Deutsche Bank Securities acted as book-running managers for the proposed offering. Continue reading
Posted in financial results, marketing
Tagged auto industry commentary, autoinformed.com, automotive blog, Carvana, Ken Zino, online retail, sec
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Renault Board Confirms Expenses Improperly Used by Ghosn
Several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations. Continue reading →