DETROIT – 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 – The Buick Avenir concept announced today ahead of the North American International Auto Show represents a collaboration of General Motors’ 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 GM’s 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 “Uconnect Access” 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 […]
DETROIT – General Motors Co. CEO Mary Barra said today that the company expects light vehicle sales in the United States to reach a range of 16.5 million to 17.0 million units in 2015. The last time industry sales reached 17 million units was in 2001. The industry delivered 16.5 million light vehicles last year. […]
DETROIT, – Global automotive industry trends like urban mobility, comfort, fuel economy and autonomous driving are the driving forces behind Johnson Controls’ innovations in seating, interior and batteries that will debut at the 2015 North American International Auto Show (NAIAS) in Detroit. Johnson Controls, a global multi-industrial company, will showcase two vehicle interior concepts for […]
DETROIT – Cadillac announced today the appointment of Publicis Worldwide as its global creative agency of record. Publicis Worldwide is the largest creative agency of the Publicis Groupe network and its appointment to Cadillac is effective immediately. A fully dedicated team, comprising key managers from Publicis Worldwide, will lead the account and have access to […]
New York City, NY. The BMW Group continues adding innovative mobility services under the brand BMW i. The company’s venture capital company, BMW i Ventures, is announcing a new investment in Zendrive. Zendrive is a company that uses data and analytics to improve driving. This latest investment will add to the number of BMW investments […]
DETROIT – Being able to take a bullet and withstand fires from multiple directions sets apart the compressed natural gas (CNG) tank in the 2015 Bi-fuel Chevrolet Impala from less-strenuous testing of other natural gas-powered vehicles. A large piece of cast aluminum helps protect the tank valve and connection from certain side impacts. Sheet metal […]
