Ford said Wednesday it expected to post a $112 million loss in the fourth quarter of 2018 as the automaker implements a massive restructuring in the United States and Europe.
Automotive
Jan 16, 2019
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4
Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe—even as it prepared for an imminent ...
Business
Jan 11, 2019
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7
Volkswagen intends to invest 44 billion euros ($50 billion) in the electric and autonomous car technologies expected to reshape the industry—and said it would make battery-powered vehicles more accessible to mass-market ...
Automotive
Nov 16, 2018
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5
Perhaps buoyed by a 67% increase in the sale of electric cars in Australia last year – albeit coming off a low base – the federal government this month announced a A$6 million funding injection for a network of ultra-fast ...
Energy & Green Tech
Oct 30, 2018
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10
Hyundai Motor reported a 67 percent plunge in third-quarter net profit from the previous year after overseas sales slowed and currency swings hurt its bottom line in emerging markets.
Business
Oct 25, 2018
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5
European carmakers are rolling out electric vehicles like the ones on view this week at the Paris Motor Show to burnish their reputations as technology leaders and to compete with Tesla. But also because EU regulations don't ...
Energy & Green Tech
Oct 2, 2018
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19
Sales of new cars in Germany plunged in September, official data showed Tuesday, as updated EU emissions tests turned into a bottleneck for many manufacturers.
Automotive
Oct 2, 2018
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6
The Ford Mustang—an iconic American brand and a symbol of cool—reached a major milestone Wednesday as the 10 millionth vehicle rolls off an assembly line at a Detroit-area plant.
Business
Aug 8, 2018
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22
The acting head of the Environmental Protection Agency said Tuesday that the United States needs a single standard for fuel efficiency for cars and trucks, signaling a possible showdown with California and other states that ...
Environment
Jul 25, 2018
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8
British engine maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the "flying taxi", which takes off and lands vertically and could be airborne within five years.
Hi Tech & Innovation
Jul 17, 2018
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