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Polestar 1 Making its European Debut in Geneva

Polestar 1 Making its European Debut in Geneva

Polestar, the electric performance brand from Volvo, will make its European debut at the Geneva Motor Show when it shows off the company’s first car, the Polestar 1. “We are looking forward to exhibiting at the Geneva Motor Show and are eager to hear feedback and see...
Geely Buys 9.7% of Daimler AG for $9.2 Billion

Geely Buys 9.7% of Daimler AG for $9.2 Billion

Li Shufu, Geely’s chairman and majority owner, continues to sample different flavors from the automotive industry buffet, spending $9.2 billion for a 9.7% stake in Daimler AG. The purchase, which was revealed in a regulatory filing, makes Shufu Daimler’s largest...
First Drive: 2019 Hyundai Nexo Fuel-Cell Vehicle

First Drive: 2019 Hyundai Nexo Fuel-Cell Vehicle

With the winter games heading into their final days, busloads of tourists have been flowing through the gates of Pyeonchang’s Olympic Village, but on this crisp, sunny morning, a steady stream of visitors veers off shortly before reaching the turnstiles, detouring to...
Nexteer Opening New Plant in Morocco

Nexteer Opening New Plant in Morocco

Nexteer, the Chinese-owned automotive supplier organized around the steering-gear business that once belonged to General Motors, plans to open a plant in Kenitra, Morocco. The new 18,000-square-meter factory will be the company’s first in Africa and is scheduled for a...
New Vehicle Sales Expected to Drop in February

New Vehicle Sales Expected to Drop in February

Carmakers are quick to point out that one month of sales figures don’t represent a trend, but analysts are now predicting that new vehicle sales are poised to slide again in February, following the drop in January. Edmunds, a leading car shopping and information...
First Look: 2019 Volvo V60

First Look: 2019 Volvo V60

Volvo Cars unveiled the new V60 five-door, a midsize wagon with a sporty flair that will fit comfortably into the Swedish car makers portfolio, which emphasizes styling and practicality. “The family estate driver is an important customer for our business and has been...
Autonomous EVs Will Drive Ride-Share Costs by 50 Percent

Autonomous EVs Will Drive Ride-Share Costs by 50 Percent

With the first wave of self-driving cars expected to reach the streets in the early 2020, the price of ride-sharing trips offered by Uber and Lyft could drop by half, according an estimate from one of Great Britain’s leading energy experts. BP Chief Economist Spencer...