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Mitsubishi Motors' Shares Fall Following Raids By German Authorities
Wednesday, January 22, 2020 - 7:22am | 471Read More...Mitsubishi Motors (OTC: MMTOF) shares fell sharply after authorities raided facilities associated with the company’s German subsidiary on Tuesday over suspected diesel emissions fraud, according to Nikkei Asian Review. What Happened German prosecutors raided ten business premises...
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Stunning Collapse As Daimler, BMW Pull Car-Sharing Service From North America
Wednesday, December 18, 2019 - 5:36pm | 463Read More...Daimler (OTC: DMLRY) and BMW (OTC: BMWYY) are pulling their car-sharing service Share Now — formerly Car2Go — out of North America, the global automakers announced today. In a joint statement, the companies said Share Now would shutter service on Feb. 29, 2020. Share Now currently operates in New...
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Commentary: Are We Approaching "Peak Car"?
Friday, November 1, 2019 - 4:24pm | 704Read More...Though the average American home has 1.8 cars, and pretty much every consumer-facing business from coffee joints to drugstores offers drive-through services, could the American culture of private car ownership be coming to an end? Peak car is the hypothesis that private car ownership has reached...
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Harley-Davidson's Sales Drop As Expected, But Manage to Beat Wall Street Estimates
Tuesday, October 22, 2019 - 11:44am | 1211Read More...The iconic American brand has seen brighter days as the company reported a 24% profit drop due to weakening U.S. demand and increased costs due to tariffs on its US-made motorcycles. Harley-Davidson Inc (NYSE: HOG) motorcycles stand for their authenticity and the passion of its bikers but the...
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Industry Shift: With Four Departures This Year, Who Is The Longest-Tenured Automotive CEO?
Monday, July 8, 2019 - 3:04pm | 962Read More...Bayerische Moto/S ADR (OTC: BMWYY) CEO Harald Krüger’s announcement last week that he will step down as head of luxury carmaker BMW is the latest in a string of auto company CEO turnovers — the fourth this year. The departures remove decades of experience in the top posts at the...
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BMW Group And Daimler AG Partner To Put Autonomous Cars On The Road By 2024
Friday, July 5, 2019 - 12:21pm | 557Read More...German original equipment manufacturers (OEMs) BMW Group and Daimler AG inked a partnership on July 4 for a long-term strategic cooperation in autonomous driving, focusing on jointly developing next-generation technologies for driver assistance systems, automated driving on highways, and self-...
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BMW And Daimler Partner In A €1 Billion Mobility Joint Venture
Monday, February 25, 2019 - 3:06pm | 840Read More...German automakers BMW Group and Daimler AG have embarked on a joint partnership in the mobility segment, investing €1 billion in five different verticals within the market. In a meeting held in Berlin, Dieter Zetsche, the chairman of Daimler AG, and Harald Krüger, the CEO of BMW Group,...
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Trump Threatens 20% Tariffs On EU Cars
Friday, June 22, 2018 - 11:11am | 361Read More...In the midst of a burgeoning trade war, President Donald Trump has laid down a fast and furious ultimatum. “Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and...
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7 Unusual Partnerships And How They Worked
Saturday, October 21, 2017 - 6:48pm | 968Read More...Odd couples often receive odd looks. Gawking and speculating onlookers nosily turn their heads trying to understand how two parties with such contrasting chemistry can come together to form successful partnerships and functioning relationships. Despite the gawk factor, and perhaps against all odds...
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Cool Options For The Smart Cars Of Tomorrow
Monday, August 28, 2017 - 8:46am | 906Read More...Is that a steering wheel in your car or are you just happy to see me? There are thousands of fascinating patents out there from the 37 companies dedicated to the self-driving car. Ford Motor Company (NYSE: F) has an idea for a dashboard with a removable steering wheel and pedals. As first reported...
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Big 5 German Automakers Implicated In Price-Fixing Scandal; VW Exec Plans To Cop Plea In Emissions Probe
Wednesday, July 26, 2017 - 9:32am | 366Read More...The European Union and German antitrust regulators are investigating whether the five major German automakers colluded to fix the price of diesel emissions treatment systems, according to published reports. The claims against Volkswagen, Daimler, Audi, BMW and Porsche were first reported Friday in...
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Why Tesla's Earnings Report Doesn't Matter
Tuesday, February 21, 2017 - 12:16pm | 366Read More...Tesla Inc (NASDAQ: TSLA) shareholders are on the edge of their seat this week as the company is set to report its December quarter earnings Wednesday. Loup Ventures is bullish on Tesla, but believes whatever CEO Elon Musk says this week about Model 3 production will be irrelevant in the long term...
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Investors Buying Mobileye Shares Following Goldman's Upgrade To Buy
Thursday, January 19, 2017 - 12:11pm | 344Read More...Mobileye NV (NYSE: MBLY) has seen a decline in its two-year forward P/E from c.60x to 25x, despite expectations of the company’s EPS growing at a Compound Annual Growth Rate of 40 percent during 2016–2021. Goldman Sachs’ Alexander Duval upgraded the rating on the company from...
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Mobileye Higher Off Autonomous Vehicle Deal With BMW, Intel
Wednesday, January 4, 2017 - 12:07pm | 154Read More...Mobileye NV (NYSE: MBLY) shares are trading higher by $1.15 (3.5 percent) at $42.30 in Wednesday's session. The catalyst for the rally is the announcement that the company will assist in the production of 40 autonomous BMW vehicles that will be road by the second half of 2017. The issue,...
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Mercedes-Benz Cruising Past BMW In 2016
Monday, October 3, 2016 - 3:20pm | 182Read More...Daimer AG's (OTC: DDAIF) Mercedes-Benz is crushing its German competitor BMW (OTC: BMWYY) in 2016. The release of September car sales figures saw BMW US down 5.2 percent to 29,413 units. BMW is reeling from a fall off of passenger car sales, falling 17 percent in the month that has seen...















