Month: November 2020

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Since taking the wheel of Kia Motors Corp. in April, CEO Ho Sung Song has been positioning the South Korean automaker for a new era of industry upheaval. Under Kia’s five-year business plan unveiled this year, Song, 58, wants to make the company a global leader in electric vehicles, branch into so-called purpose-built vehicles and
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Bentley is launching four tweed interior options for the Continental GT, Flying Spur, and Bentayga. The options use sustainably sourced materials, the automaker said in a press release Monday. The tweed inserts are offered as part of Bentley’s traditional leather interiors. Patterns include Cheltenham (green), Glen Plaid–Tolsta Beach (a check pattern), and Charcoal and San
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Volkswagen’s first battery-electric crossover, the ID4, will bring with it a whole new powertrain for the brand in North America. But it’s likely to be the compact crossover’s interior that wins over buying customers — or sends them running back toward something more familiar. Inside, the ID4 is unlike any previous Volkswagen. Staff Reporter Larry
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Ford Motor Co. has chosen its factory in Cologne, Germany, to build a mass-market electric car based on Volkswagen Group’s MEB electric architecture, local media reports said. The automaker will invest 1 billion euros ($1.2 billion) into the factory for EV production, according a report in the Cologne newspaper, the Koelner Stadt-Anzeiger, and other media.
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Bentley CEO Adrian Hallmark discussed the automaker’s closer cooperation with sibling Volkswagen Group brands Audi and Porsche and the UK automaker’s preparations for a no-deal Brexit in an interview with Automobilwoche, a German-language sister publication of Automotive News Europe. Bentley had a good 2019 and you were confident about this year. How has it been
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The 2021 Nissan Versa is a new car, and not much more–and that’s not damning it with faint praise. Few cars offer its safety and infotainment features at its price, and of those that do, it’s among the best. What kind of car is the 2021 Nissan Versa? What does it compare to? It’s a
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General Motors continues to draw back the curtains on its electric vehicle plans, flashing glimpses of a Hummer SUV and Chevrolet pickup. At a Barclays conference this month, CEO Mary Barra, Doug Parks, global product development, purchasing and supply chain chief, and Travis Hester, chief EV officer, sat in front of the Hummer SUV, a
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The merger between Fiat Chrysler Automobiles and PSA Group to create the world’s fourth-largest automaker by volume has taken more than two years to negotiate, according to documents filed with regulatory authorities this month. The deal was discussed over a series of international meetings, in Geneva, Paris, Frankfurt, Detroit, Turin and elsewhere. Major players included:
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Even before the pandemic struck, Gautam Narang says, the self-driving truck company he co-founded three years ago had gained momentum with customers. But since COVID-19 arrived, stretched supply chains and accelerated growth of delivery trends with consumers, Narang, CEO of Gatik, says interest in autonomous goods-hauling has mushroomed. The pandemic “changed everything,” he said. “We
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Faurecia is preparing to be a fully independent company after PSA Group divests its stake in the supplier as part of its merger with Fiat Chrysler Automobiles. Among the initiatives Faurecia is pursuing is an annual investment of up to €60 million ($71 million) in hydrogen technology and cooperation with ZF on cockpit technology. CEO
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QuantumScape Corporation has completed its combination with Kensington Capital Acquisition Corp., a special purpose acquisition company, and from today (November 27) on it is traded on the NYSE under the ticker symbol “QS”. Net proceeds from the deal amounted to about $680 million. The company attracted a lot of attention from investors, including Volkswagen which invested
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