DETROIT â General Motors CEO Mary Barra says the automotive industry will experience more dramatic change in the next decade than it has in the past 50 years. In a male-dominated industry, women engineers are leading the way in some of the technological advances that could make Barraâs prediction true. Electrified vehicles, infotainment and software […]
DETROIT â General Motors today announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and U.S.-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. The Chevrolet brand will minimize its presence in Russia and the Opel brand will leave the […]
DETROIT â General Motors Co. (NYSE: GM) today announced a comprehensive capital allocation framework, as improving business performance and strong capital discipline enable increased returns to shareholders. GM said a foundational element of its approach will be to return all available free cash flow to shareholders while it maintains an investment-grade balance sheet underpinned by […]
GENEVA, Switzerland, – Two groundbreaking concept tires unveiled by The Goodyear Tire & Rubber Company at this weekâs 85th Geneva International Motor Show could radically change the role of car tires in the future. Though the two tires are concept products, the futuristic technologies stretch the imagination and provide a glimpse of what practical innovations […]
The launch of Phantom in 2003 marked the beginning of the renaissance of Rolls-Royce Motor Cars. Since then, we have set a new benchmark for what a super-luxury car should be â unique, hand-crafted, beautiful and rare. Often imitated, Phantom has never been equalled and continues to be hailed as âThe Best Car in the […]
DETROIT â General Motors Co. (NYSE: GM) expects its total earnings before interest and tax (EBIT) adjusted and EBIT-adjusted margin to increase in 2015, compared to 2014, after adjusting 2014 for the impact of recall costs. The company also anticipates improved automotive results in all regions. This outlook is based on modest global industry growth […]
DETROIT â The Buick Avenir concept announced today ahead of the North American International Auto Show represents a collaboration of General Motorsâ global designers and fabricators, who worked between studios in Australia and the United States to develop the striking design statement. More than 100 designers, sculptors and fabricators at GMâs design studio near Melbourne, […]
AB Volvo has completed the acquisition of 45% of the Chinese automotive manufacturer, Dongfeng Commercial Vehicles Co., Ltd. The purchase consideration amounted to RMB 5.5 billion. As announced earlier, AB Volvo signed an agreement in January 2013 with the Chinese automotive manufacturer, Dongfeng Motor Group Company Limited (DFG), to acquire 45% of a subsidiary of […]
Detroit, USA: Jaguar Land Rover has announced plans to create 1,300 new jobs as it continues to accelerate its industry-leading expertise in aluminium and lightweight technologies. The news comes following confirmation that the UK’s largest manufacturing investor will add a further new Jaguar model to its product portfolio. The Jaguar performance crossover, set to go […]
Auburn Hills, Mich. – FCA US Operations is feeling lucky and heading to the 2015 Consumer Electronics Show in Las Vegas, adding to its acclaimed âUconnect Accessâ suite of connected in-vehicle services. Uconnect introduces four all-new services that include Vehicle Finder, Send Destination to Vehicle, a Monthly Vehicle Health Report and Vehicle Health Alert. These […]
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