Posts Tagged ‘joseph szczesny’

Magna, Lyft Pairing Up to Develop Self-Driving Technology

Magna takes $200 million equity stake in Lyft.

by on Mar.15, 2018

Lyft and Magna are partnering up to develop self-driving vehicle technologies.

Magna is purchasing a $200 million equity stake in ride-sharing behemoth Lyft as part of a multi-year plan to develop a self-driving vehicle platform together.

The collaboration calls for the two companies to jointly fund, develop and manufacture self-driving systems. The establishment of this partnership subject to regulatory approval. This partnership positions Magna and Lyft to enable the development and manufacturing of self-driving systems at scale.

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In addition to self-driving vehicles that will be deployed on Lyft’s own ride-sharing network in the coming years, Magna can deploy the technologies across a wide range of uses to benefit the entire global mobility ecosystem. (more…)

First Drive: 2018 Genesis G80

Low-priced alternative to European models.

by on Mar.14, 2018

The 2018 Genesis G80 offers performance, elegance and comfort at a lower price than Euro competitors.

New vehicles have become so sophisticated, so well-built and so expensive, the differentiators of what used to be called a mass-market car and a luxury sedan have blurred and faded away.

As the lines blur, it has created an opportunity for a new brand, such as Genesis, Hyundai’s fledgling luxury brand, to make a name for itself.

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Indeed, the formula behind Genesis is appealing elegance. It simply calls for building a car so good that it will quickly meet the demands or desires of luxury buyers while offering them something different and fresh and unbound by stuffy tradition at the same. (more…)

Ford, GM Sales in China Move in Opposite Directions

New product key to strong sales.

by on Mar.12, 2018

Jim Hackett, Ford president and CEO, discusses the plans to expand sales in China.

Ford Motor Co. suffered another sharp reversal of fortune in China during February where it reported vehicle sales dropped 30% from a year earlier while General Motors continues to roll up sales.

The sales drop by Ford appeared to reflect a dearth of new products as the company continued to struggle in the world’s largest auto market.

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Ford’s sales dropped 18% in January and in February totaled just 47,483 vehicles, accounting for the 30% drop mentioned earlier. (more…)

Mercedes-Benz Bank Changes Business Model

Moves by automakers toward mobility forces bank to rethink operations.

by on Mar.09, 2018

Mercedes-Benz Bank is changing the way it does things to keep pace with the changes in auto financing needs.

Daimler Financial Services subsidiary, the Mercedes-Benz Bank in Germany, is revising its business model to accommodate the changes in mobility, such as subscription services, with which carmakers have begun to experiment.

The Mercedes-Benz Bank now finances one of every two vehicles sold by the automaker in Germany and the bank’s portfolio now totals around 970,000 cars, trucks, vans and buses on the books and grew by 12% in 2017 to 26.9 billion euros.

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“In future, we will also integrate mobility services such as car sharing into our vehicle financing, in addition to making offers specifically for electrically powered vehicles,” One in every two Daimler vehicles in Germany is on the road with a contract from Mercedes-Benz Bank, he added. (more…)

Automakers, Suppliers Decry Trump Tariff Implementation

Companies warn that cost increases will get passed to consumers.

by on Mar.09, 2018

Analysts believe the new tariffs will increase the costs consumers pay for a new vehicle in the U.S.

Dealers, carmakers and suppliers were quick to criticize President Donald Trump’s order imposing tariffs on imported steel and aluminum with the exception of imports from Canada or Mexico.

“A tariff is a tax that will result in higher prices that consumers will ultimately bear,” John Bozzella, the president and CEO of Global Automakers, an organization that represents more than a dozen European and Asian automakers as well as key suppliers.

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Earlier in the week, Commerce Secretary Wilbur Ross tried to downplay the impact by going on television with a can of Campbell’s Soup and telling viewers its price would increase by a fraction of a penny. But considering the amount of steel and aluminum in a typical vehicle, prices for cars could go up by hundreds of dollars, analysts warn. (more…)

Live from Geneva!

Electric SUVs, hybrid sports cars, hot hatches and more.

by on Mar.08, 2018

The 88th edition of Geneva International Motor Show is basically over for the media and the show will open its doors to the public after dozens of new products from makers like Ferrari, Bentley, Mercedes-Benz and others made their debuts. is still working sources and looking to report news coming out of the show so be certain to check back often to see the latest. (more…)

Japan Going All In on Fuel Cells

Country plans to have 800,000 fuel cell vehicles on roads by 2030.

by on Mar.08, 2018

Toyota's Yoshikazu Tanaka, the chief engineer of the Mirai fuel-cell vehicle, confirmed Toyota's commitment to fuel cell vehicles.

Japan is gearing up to put 800,000 vehicles powered with fuel cells on the road by 2030.

Japanese experts from business and academia outlined Japan’s fuel-cell push at the “Coping with Change: Global Warming and Decarbonization,” an international symposium organized by Venice International University and Alcantara, the Milan-based maker of luxury fabric used for automotive interiors. Japan’s fuel cell push has the support of the Japanese government.

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Yasuhiro Daisho, senior research professor at Waseda University and an emeritus researcher for Japan’s Next Generation Vehicles Research Council, offered a broad overview of the goals set out by Japanese industry and Japanese government. (more…)

First Look: BMW Concept M8 Gran Coupe

Model provides look at future of the M8.

by on Mar.07, 2018

BMW's M8 Concept Gran Coupe provides a glimpse at the company's design future.

BMW unwrapped the latest piece of automotive eye candy from its Munich studios, the BMW Concept M8 Gran Coupe, at the Geneva Motor Show.

“The BMW 8 Series will take over as the new flagship model of the BMW line-up and, as such, combines unsurpassed sportiness and elegance,” said Adrian van Hooydonk, senior vice president, BMW Group Design.

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“The BMW Concept M8 Gran Coupe offers a look ahead to the most exotic and alluring variant of the new BMW 8 Series,” they added. (more…)

Cadillac Puts Wahl Up as New Marketing Chief

New CMO building on predecessor's efforts.

by on Mar.07, 2018

Cadillac named Deborah Wahl, former marketing chief at McDonalds, to be CMO. She's held several posts within the auto industry.

Cadillac needs all the help it can get from a lot of different places, and it’s getting it.

General Motors’ luxury brand announced it is bringing on Deborah Wahl, an executive with experience inside and outside the automotive industry, to serve as Global Chief Marketing Officer at a critical time in the brand’s transformation.

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Wahl’s appointment is effective March 26 and comes on the heels of Cadillac’s effort to create a splash during the annual Academy Award telecast. The show drew a disappointingly small audience. (more…)

Smart Joining Forces With Mercedes New EQ Line

Move means smart is only brand with EV and gas options for every model.

by on Mar.06, 2018

The Smart line-up will be converted completely to electric-only models in the next few years.

The battery-electric models from smart will serve as the initial vehicles of the Mercedes-Benz Cars EQ family.

As it is smart is currently the only car manufacturer worldwide to offer its model range in both combustion-engine and all-electric variants. In the U.S. market, smart has already converted to an all-electric strategy to support a sustainable, zero emissions future.

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The smart EQ four two coupe and cabrio are making their world premiere this week at the Geneva Motor Show and will be available in the U.S. market later in 2018. (more…)