Month: January 2020

Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. The firm said a consortium led by Canadian billionaire Lawrence Stroll would be putting in £182m. The remaining £318m would come from issuing fresh shares to existing investors. The announcement follows a board meeting held on Thursday night to discuss
0 Comments
Jannarelly, the Dubai-based company behind the stunning Design-1 sports car, is preparing for a significant expansion this decade and has appointed a new CEO to oversee it. The company on Thursday named Alexander Lee as CEO and announced plans to establish manufacturing and R&D facilities in the United States by 2021. Jannarelly currently assembles the
0 Comments
The 2020 Audi Q7 takes the stylish Q8’s technology and inserts it in a more spacious, three-row crossover SUV package. The redesigned Q7 is set to go on sale in the U.S. during 2020 with seating for up to seven passengers. Front-seat riders will be treated to a feast of technology on some versions, including
0 Comments
Volvo Cars’ first battery-powered vehicle, now called the XC40 Recharge P8, has generated “several thousands of firm orders” globally, even though production won’t begin until the second half of the year, the automaker said last week. The all-wheel-drive compact crossover is expected to arrive in U.S. stores in the second half of next year. A
0 Comments
Asbury Automotive Group has named a longtime employee who started as a management trainee as its next senior vice president of operations. Daniel Clara, 40, was appointed to the position effective Jan. 29, the public dealership group said late Thursday in a regulatory filing. Clara replaces John Hartman, a 30-year industry veteran who held the
0 Comments
Both Volkswagen of America and Audi of America have suspended monthly U.S. sales reporting and instead will report sales only quarterly, the two brands said in a statement Thursday. They will not report January sales on Monday, but instead will report first-quarter sales in April. “The U.S. auto industry has long seen itself in 30-day
0 Comments
Used-vehicle retailer CarMax Inc. is investing $50 million to buy a minority stake in Edmunds, the automotive retail research and vehicle-listing company. CarMax said Wednesday the move is mean to bolster its omnichannel retail strategy designed to meet and interact with shoppers wherever and however they’re shopping, across multiple channels, online and in store. “Edmunds’
0 Comments
Frankfurt will no longer host Germany’s premier auto show, VDA (Verbandes der Automobilindustrie), Germany’s automobile association, announced on Wednesday. The auto show, known officially as the IAA (Internationale Automobil-Ausstellung), isn’t cancelled but set to call a new city home. Seven German cities including Frankfurt placed submissions to host the show and the organizers have narrowed
0 Comments
All-electric driving is hardly what it used to be. The 2020 Nissan Leaf was among the first electric cars to enter the mainstream consciousness, but not for all the right reasons.  Now two years removed from the bulbous hatchback with limited range, the new Leaf looks like a regular car—and it has a regular range. 
0 Comments
DETROIT — This year’s rollout of Fiat Chrysler Automobiles’ latest Uconnect connected-vehicle platform will highlight an incongruous dynamic in the automaker’s technology portfolio. While FCA has lagged rivals in areas such as electrification and vehicle autonomy, the company by many accounts has been able to master one of the industry’s most frustrating stumbling blocks: infotainment.
0 Comments
Jaguar Land Rover Automotive CEO Ralf Speth will step down from his position September, the Financial Times reported, citing two unidentified sources. The announcement will be made on Thursday, the newspaper said. Speth will remain as an adviser and stay on the board of Tata Sons, the holding company for the owner of Jaguar Land Rover, the FT
0 Comments
Toyota returns to the Chicago Auto Show with at least one special truck in tow. Well, that’s what this lone teaser image of the brand’s midsize Tacoma pickup truck suggests. There’s little to glean from the picture, too, except that the truck appears to combine the lower fascia and unpainted fender flares of the Tacoma
0 Comments