Volkswagen warned that the downturn within the global automotive market was worsening, but maintained its outlook for profit and revenue as the world’s largest auto maker by gross sales continued to promote extra higher-priced sport-utility automobiles. Carlos Tavares negotiated a nearly $50 billion merger with Fiat Chrysler that, if accomplished, will mark one of the largest auto-trade deals in a long time and leave him CEO of the combined firm. Ford Motor Company and Ann Arbor are partnering to assemble transportation insights across town to boost security and implement mobility solutions in the future.
What’s your automotive IQ?eleven/17/2016
Toyota and BYD said their joint venture to design and develop full-electric automobiles will be set up subsequent 12 months and might be based mostly in China. Get 24/7 access to in-depth, authoritative coverage of the auto business from a global team of reporters and editors overlaying the information that’s important to … Read More