The New Nikola Corporation Announced
Here is a quick guide to what’s what with Nikola and VectoIQ
Gary S. Vasilash
Editor-in-Chief, Automotive Design & Production
CNH Invests $250 Million in Nikola
Industrial vehicle producer CNH Industrial NV is investing $250 million in Nikola Motor Co. and forming a joint venture to help launch the startup company’s fuel cell and electric trucks in Europe.
CNH Industrial to Split in Two
Industrial vehicle producer CNH Industrial NV plans to split in two next year in a bid to hike value.
Australia’s Bolwell Plans Lightweight Supercar
Australia’s Bolwell Corp. is developing a new supercar to unveil at the Motorclassica classic car in Melbourne this autumn.
Wheel Suspension Startup Adds Investors
Israeli startup SoftWheel Ltd., which is developing a wheel system with an integrated suspension, says Mitsubishi Corp. has made an unspecified investment in its latest round of funding.
FCA to Name Gorlier as Head of European Operations?
Fiat Chrysler Automobiles NV is close to naming Pietro Gorlier to head its operations in Europe, sources tell Bloomberg News.
European Truckmakers Face €100 Billion Claim for Price Fixing
Five of Europe’s largest commercial truckmakers could face a combined claim for as much as €100 billion ($108 billion) in damages for fixing prices over a 14-year period.
Ram Powered By Gas—as in Gaseous Gas
One of the things that is generally overlooked about the general decline in gas prices (yes, they are going up, but think back a year—or less) is that it is predicated on increased supply that is generated, in part, by unconventional extraction techniques.
Gary S. Vasilash
Editor-in-Chief, Automotive Design & Production
EU Fines Commercial Truckmakers €2.9 Billion for Price Fixing
Five commercial truckmakers have agreed to pay a combined €2.9 billion ($3.2 billion) for conspiring to fix prices on medium- and heavy-duty commercial trucks for more than a decade.
Carmakers Poised to Resume Production in Venezuela
Fiat Chrysler Automobiles, General Motors and Toyota are ready to resume production in Venezuela over the next two months after the government agreed to let them sell their vehicles in U.S. dollars, Bloomberg News says, citing unnamed sources.
VW Resumes Car Assembly in Nigeria
Volkswagen AG began on Tuesday to assemble vehicles in Nigeria for the first time in 25 years.
Fiat Units Join Israeli Natural Gas Partnership
Fiat Chrysler Automobiles, Iveco and Magneti Marelli have signed a non-binding memorandum of understanding to develop natural gas-based technologies with the Israel Fuel Choice Initiative.
Daimler Raises Provision for Possible Antitrust Fines
Daimler AG is adding another €600 million to the amount it may have to pay in fines associated with an EC antitrust investigation of Europe's commercial vehicle industry.
Korea Fines Hyundai, Other Truckmakers for Price Fixing
South Korea's Fair Trade Commission has levied combined penalties of 116 billion won ($104 million) against Hyundai Motor Co. and six truckmakers that import vehicles to Korea.
Powered by Gas—the Natural Version
If you want to buy a compressed natural gas- (CNG) powered car straight off of a dealer’s lot, a car that’s factory-built not retrofitted, then you need to head down to your local Honda dealer and look into the Civic CNG because that’s all there is.
Gary S. Vasilash
Editor-in-Chief, Automotive Design & Production
Hyundai Hit with Big Fine for Fixing Truck Prices in Korea
South Korea's Fair Trade Commission has levied combined penalties of 116 billion won ($104 million) against Hyundai Motor Co. and six truckmakers that import vehicles to Korea.
Asian, European Truckmakers Fined for Price Fixing in Korea
South Korea's Fair Trade Commission has levied combined penalties of 116 billion won (€78 million) against Hyundai Motor Co. and six truckmakers that import vehicles to Korea.
Marchionne to Stay at Fiat for “Years to Come”
Sergio Marchionne, CEO of Fiat and Chrysler Group LLC, has indicated that he plans to remain on the job "for years to come," according to Fiat SpA Chairman John Elkann.
Fiat Plans $7.5 Billion Expansion in Brazil
Fiat SpA says it will invest 15 billion reals ($7.5 billion) in Brazil through 2016 to expand its capacity to produce cars, commercial trucks, heavy equipment and engines.
Daimler Trucks, Dealers Fined by U.K. for Price Fixing
The U.K.'s Office of Fair Trading has fined Daimler AG's Mercedes-Benz truck unit and five of its dealers 2.8 million (€3.3 million) for anti-competitive activities.
Altavilla Named to Fix Fiat’s European Unit
Fiat SpA has appointed Alfredo Altavilla as chief operating officer of the company's unit for Europe, Africa and the Middle East (EMEA), effective immediately.
Mercedes ________ Voted “________ of the Decade” in Great Britain
Perhaps it is our U.S. bias showing, but when we see the word “Mercedes” associated with winning a vehicular award of some note, our default thinking goes along the lines that it must be something that starts with a letter and ends with the word “Class.” Like, for example, “Mercedes E-Class Voted. . .” and it has been voted: EClass Awards to April 2010 (selection) Award Organiser Our Car Regional weekly newspapers in the newly formed German states Yellow Angel ADACmotorwelt Auto Bild Design Award 2009 Auto Bild Best Car of the Year auto motor und sport Auto Trophy 2009 Auto Zeitung Internet Auto Award (Germany) www.autoscout24.de Sports Car of the Year Auto Bild Sportscars Top-Auto 2010 Motor information service EuroCarBody Award 2009 Automotive Circle International Austria's "Car of the Year" award Austrian car, motoring and cycling association Diners Club Magazine Award Diners Club GOOD DESIGN® Award Chicago Athenaeum Autocar Road Test Award Autocar (India) Continental Irish luxury/sports car of the year Irish Motoring Writers Association Best Car of the Year Otohaber (Turkey) But this one struck us as somewhat unusual: Actros voted “Truck of the Decade” in Great Britain Actros?
Gary S. Vasilash
Editor-in-Chief, Automotive Design & Production
Activist Investors Boost Navistar Holdings
Activist investors Carl Icahn and Mark Rachesky have separately increased their stakes in Navistar International Corp. this week to levels close to the 15% limit that would trigger the poison-pill provision the truckmaker set in place last month.
VW May Be Eyeing Navistar Stake
Volkswagen AG is studying the idea of buying equity in Navistar International Corp., according to the Financial Times Deutschland, which cites no sources.
Iveco Plans Three Van Models For U.S.
Fiat Industrial SpA's Iveco truckmaking unit confirms plans to launch its flagship Daily commercial van in the American market soon after Fiat SpA debuts its Doblo and Ducato vans there next year.
Iveco to Bring Vans to U.S. Market
Fiat Industrial SpA's Iveco truckmaking unit plans to launch its flagship Daily commercial van in the American market soon after Fiat SpA debuts its Doblo and Ducato vans next year.
Iveco to Bring Vans to U.S. Market
Fiat Industrial SpA's Iveco truckmaking unit plans to launch its flagship Daily commercial van in the American market soon after Fiat SpA debuts its Doblo and Ducato vans next year.
SAIC Sells 4 Million Vehicles in China
SAIC Motor Corp. sold slightly more than 4 million vehicles in China last year, up 12% from 2010, according to Xinhua News.
