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Keyword: automotive

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  • Ford Just Came To Trump' Defense & Destroyed Fake News Media & Their Lies: Tariffs & Their Layoffs

    10/13/2018 10:00:50 PM PDT · by · 36 replies ^ | October 13, 2018 | BAISH
    The mainstream media is hellbent on ruining President Trump's reputation. Their latest ploy has been blaming him for Ford Motor's recent announcement of layoffs within the company. The liberal media claimed that Trump's tariffs were to blame. A spokesperson for Ford spoke to, however, and explained that the whole thing is a "MISCHARACTERIZATION." The most recent job cuts will have an impact on salaried employees only. Manufacturing employees will not be affected. The spokesperson also explained that it has nothing to do with President Trump's tariffs. "The reports you have read about our organization redesign work being related to...
  • FBI informant in terror stings owned limo in deadly crash, state source confirms [New York 20 dead]

    10/08/2018 12:57:57 PM PDT · by ETL · 48 replies ^ | Oct 8, 2018 | Brendan J. Lyons and Larry Rulison
    WILTON — The owner of the limousine that crashed in Schoharie, killing 18 people on board and two pedestrians, is a former FBI informant who testified in two high-profile terrorism cases, a state official confirmed Monday. Shahed "Malik" Hussain owns Prestige Limousine in Wilton, the official said. The limousine company is being scrutinized as federal and state investigators try to determine what caused the crash. Gov. Andrew M. Cuomo on Monday said the limo involved in Saturday's crash at the intersection of routes 30A and 30 had failed a state Department of Transportation inspection last month and should not have...
  • Crash victim text messaged that limo was in ‘terrible condition’ before accident killed 20

    10/08/2018 7:04:14 AM PDT · by ETL · 181 replies ^ | Oct 8, 2018 | Benjamin Brown | Fox News
    A limousine that crashed and killed 20 people in upstate New York on Saturday was reportedly in “terrible condition,” and was a replacement vehicle after the group’s rented bus broke down before reaching its destination. All 18 inside the vehicle were killed, along with two bystanders after the 2001 Ford Excursion limousine – believed to be headed to a birthday party -- ran through an intersection and struck a parked 2015 Toyota Highlander outside the Apple Barrel Country Store. -snip- The limousine was traveling southwest on state Route 30 in Schoharie, about 170 miles north of New York City and...
  • Ford to Cut Salaried Workers Worldwide to Reduce Bureaucracy

    10/06/2018 9:44:46 PM PDT · by robowombat · 23 replies
    The Street ^ | Oct 6, 2018
    Ford Motor Co. will reorganize its salaried workforce worldwide, flatten its business operations and create a more efficient company that results in fewer white collar jobs, the Detroit Free Press reported. Ford has 201,000 employees globally, including an estimated 70,000 salaried workers, and is the largest car manufacturing employer in the U.S. The company didn't say how many jobs would be affected. The Dearborn-based automaker told employees about the plan on Thursday, the Free Press reported, saying the changes are part of trying to identify how the company can become stronger by limiting corporate bureaucracy and identifying weaknesses in all...
  • Next Up After NIO: Four Other Chinese EV Startups That Could Make A Splash

    10/04/2018 12:56:28 PM PDT · by aquila48 · 5 replies
    Forbes ^ | Sep 27, 2018 | Michael J. Dunne
    When NIO debuted on the NYSE two weeks ago, I wrote an article for Forbes on the electric carmaker's prospects and how to play the stock. Its shares jumped 76% on Day Two but have since leveled off. What didn't level off is interest from readers, clients and investors alike, asking "What's next?" For NIO, "next" is churning out automobiles to happy customers, while further building brand and demand. The company has 17,000 pre-orders to fulfill and still has delivered less than 2,000 to date. What's next for China's premium EV industry is anyone's guess, starting with "Who." Some sources...
  • S.Korea's SK Innovation says considering EV battery plant in U.S.

    10/01/2018 1:59:56 PM PDT · by 2ndDivisionVet · 3 replies
    Reuters ^ | October 1, 2018
    SEOUL, Oct 1 (Reuters) - South Korea’s SK Innovation said on Monday it is considering building an electric vehicle battery plant in the United States as part of its effort to secure customers in one of the world’s biggest electric vehicle (EV) markets. The move came after U.S. President Donald Trump on May 23 ordered a ‘Section 232’ national security investigation into whether to impose a 25 percent tariff on vehicle and auto parts imported from other countries. SK Innovation currently has Daimler and Hyundai Motor as its top consumers, but does not have U.S. clients. “We are considering building...
  • Japanese hypercar that hits 0-60mph in UNDER two seconds, has 430 horsepower [tr]

    10/01/2018 9:53:18 AM PDT · by C19fan · 49 replies
    UK Daily Mail ^ | October 1, 2018 | Tim Stickings
    Pre-orders have begun for the first models of a £3.1million electric car which its makers claim can accelerate from 0 to 60 in less than two seconds. The futuristic Aspark Owl, manufactured by a Japanese company, is going on display at the Paris Motor Show this week. At the launch the car's creators said it would have 430 horsepower, weigh less than 1,900 pounds - similar to an average dairy cow and less than half a typical white rhino - and accelerate to sixty in just two seconds. Customers will be able to put down their first £890,000 (€1 million)...
  • Elon Musk to step down as chairman of Tesla [developing]

    09/29/2018 3:14:13 PM PDT · by jazusamo · 70 replies
    The Hill ^ | September 29, 2018 | Aris Folley
    Tesla and SpaceX CEO Elon Musk has reportedly reached a settlement with the Securities and Exchange Commission after his abandoned attempt to the company private. As a result of the settlement, which is still subject to court approval, Musk will have to step down from his role as chairman for at least three years and pay a civil penalty of $20 million, CNBC reported Saturday. Tesla will also have to pay a $20 million if the settlement is approved. DEVELOPING
  • JUST IN: Elon Musk, Tesla charged with fraud by SEC - CNBC

    09/27/2018 1:31:37 PM PDT · by Revel · 91 replies
    Breaking911 ^ | 09/27/18
    JUST IN: Elon Musk, Tesla charged with fraud by SEC - CNBC This was also mentioned on the hearing live feed by Golden State Times.
  • Faraday Future announces mass hiring (1,000 jobs in California)

    09/16/2018 8:25:07 PM PDT · by 2ndDivisionVet · 3 replies
    The Hanford Sentinel ^ | September 12, 2018 | Julissa Zavala
    HANFORD — Faraday Future officials welcomed newly hired employees Tuesday at its Hanford factory and have announced even more hiring efforts. The announcement comes just in time, as the first pre-production FF 91 luxury electronic vehicle was recently built at the Hanford facility, which is located in Hanford's Industrial Park. Vince Nguyen, director of human resources and recruiting - product and technology at Faraday Future, said the company has hired around 100 employees to work in the Hanford facility and ultimately hopes to employ around 1,000 people by mid-2019. Currently, Nguyen said a majority of the new hires have original...
  • Volkswagen to Use 3D Printers for Mass Production of Parts (In metal)

    09/12/2018 10:19:33 AM PDT · by 2ndDivisionVet · 21 replies
    Research Snipers News ^ | September 12, 2018 | Aiman Bilal
    Volkswagen would be using 3D printers for mass production of parts. The world’s largest carmaker has found a new innovative way of making use of the 3D printer. Volkswagen revealed about its plans on Tuesday about starting to use the HP metal printing technology for manufacturing selected parts which include gear knobs and customized tailgate lettering. The company unveiled its plans that it wants to mass produce its structural parts via making use of the technology within the span of two to three years. Martin Goede—the Volkswagen’s Head of Technology Planning and Development said that the complete automobile would probably...
  • Trump’s Rollback of CAFE Mandates Is a Big Win for Car Buyers, Consumer Choice

    08/22/2018 10:25:29 PM PDT · by Tolerance Sucks Rocks · 48 replies
    The Daily Signal ^ | August 16, 2018 | Nicolas Loris
    The Trump administration recently proposed the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule. The proposed rule offers modifications to Obama-era Corporate Average Fuel Economy (CAFE) standards with a “preferred alternative” for model years 2021 through 2026. Without a doubt, the Trump administration’s proposed revision is a welcome victory for consumers’ wallets and for consumer choice. The Obama administration implemented fuel-efficiency mandates that would force auto manufacturers to have a fleetwide fuel-economy average of 54.5 miles per gallon by 2025. The new rule’s “preferred” change would maintain the existing fuel-economy mandate through 2020 (increasing to 37 mpg) and keep the level at...
  • Pressure mounts on Tesla as it gets hit with a third securities fraud lawsuit [TR]

    08/14/2018 8:51:24 PM PDT · by logi_cal869 · 21 replies
    Business Insider ^ | 08/14/2018 | Mark Matousek
    Full title: Pressure mounts on Tesla as it gets hit with a third securities fraud lawsuit in wake of Elon Musk's 'funding secured' tweet Tesla is facing another lawsuit accusing CEO Elon Musk of manipulating the company's stock price. The suit follows two lawsuits filed against the company last week by investors alleging securities fraud. A complaint filed on Monday in US District Court in California alleges that some investors purchased Tesla stock "at artificially inflated prices and suffered significant losses and damages once the truth emerged" that Musk had not secured the funding necessary to convert Tesla into a...
  • Hyundai creates separate sound zones in cars

    08/12/2018 1:33:47 PM PDT · by 2ndDivisionVet · 28 replies
    Korea Joongang Daily ^ | April 13, 2018 | Jin Eun-Soo
    Hyundai Motor has developed a sound system for vehicles in which passengers and the driver can hear different songs or make totally private phone calls. It is the first such system in the world, the carmaker announced Sunday, and will be offered in Hyundai Motor cars within a year or two. Korea’s largest carmaker calls the system a “separated sound zone” and unveiled it on its official website and on YouTube last Sunday. In the YouTube video, classical music plays in the front of the car where two parents are sitting, while pop music plays in the back for children....
  • On this date in 1908

    08/12/2018 6:13:12 AM PDT · by Bull Snipe · 25 replies
    The first Model T Ford is produced at the Ford plant in Detroit, MI. AKA the "tin lizzy", Ford would go on to produce over 15,000,000 of the Model T's before production ended in 1927. By the early 1920s, half of the cars in the world were Model T's.
  • British IMSA driver Katherine Legge to make NASCAR debut at Mid-Ohio

    08/11/2018 10:30:52 AM PDT · by umgud · 19 replies
    NASCAR ^ | 8/8/18 | Holly Cain
    In her diverse and thriving career, Katherine Legge has raced GT cars, IndyCars, and IMSA sports cars. She’s competed in the Indianapolis 500 and stood on the podium in the Rolex 24 At Daytona. And this weekend the popular and talented Brit will make her NASCAR debut in the Xfinity Series’ Rock n Roll Tequila 170 at the Mid-Ohio Sports Car Course (Saturday, 3 p.m. ET on NBCSN, MRN and SiriusXM NASCAR Radio).
  • Ford celebrates its 10 MILLIONTH Mustang with a parade of the iconic sports cars

    08/11/2018 7:22:09 AM PDT · by Libloather · 46 replies
    Daily Mail ^ | 8/09/18 | Nic White
    Ford marked production of the 10 millionth Mustang with celebrations at its headquarters and at the Flat Rock Assembly Plant where the iconic sports car is made. A parade of Mustangs from 1964 to the present day rolled into the parking lot at the Dearborn headquarters before making the 30-minute drive - complete with police escort - to the Flat Rock complex. There the 62 cars were parked to spell out '10,000,000' with the commas represented by the first Mustang produced and the 10 millionth - a 2019 Wimbledon White GT V8 six-speed manual convertible.
  • How Genesis’ Dream Team Could Reinvent the Luxury Car – The Lohdown

    07/18/2018 9:03:39 PM PDT · by 2ndDivisionVet · 7 replies
    Motor Trend ^ | July 15, 2018 | Edward Loh
    It all started back in 2006 when Kia Motors announced that Peter Schreyer would become its new Chief Design Officer. At the time, this move seemed equally audacious and puzzling: smart hire by Kia boss Eui-sun Chung, the son of Mong-koo Chung, the billionaire chairman and CEO of Hyundai Motor Group (HMG), but perhaps foolish for Schreyer. After all, what could the smaller automaker offer besides handsome compensation, frequent flyer miles, and a top-down corporate culture? Schreyer, a legit rock star in the design world (with the back-in-black wardrobe to match), already had an impressive résumé that listed icons such...
  • China Is the Automotive Alternate Universe

    07/10/2018 3:00:52 PM PDT · by 2ndDivisionVet · 10 replies
    Popular Mechanics ^ | May 4, 2018 | Bradley Berman
    A state-controlled economy is forcing the world's largest car market to embrace electric car solutions, and fast. Here's what China can tell us about the automotive future. I clung for life to my translator as we spun in circles through shoulder-to-shoulder crowds, trying to take in the sheer madness of the Beijing Motor Show. An American can catch a few familiar sights; there’s a Chevy Volt, but branded as the Buick Velite 5 in China, a place where Buick remains a premium brand. I spy a Toyota Camry, but here it’s called a “Levin” and is a plug-in hybrid. Mostly,...
  • German Car Makers Call on EU to Scrap Auto Tariffs to Preserve Access to U.S. Market

    06/22/2018 1:01:31 AM PDT · by GonzoII · 49 replies
    Breitbart ^ | June 20, 2018 | Liam Deacon
    Germany’s leading car manufacturers have called on the European Union (EU) to scrap its import tariffs on U.S. cars, which are far higher than those imposed on European cars entering America. The firms called for all tariffs to end, on both the EU and U.S. side, to boost free but also fair trade across the Atlantic, passing the message to the U.S. Ambassador to Germany Richard Grenell.