automotive

  • Porsche’s stunning Tesla rival will arrive in 2019 and cost $85,000

    More details are emerging about Porsche’s highly anticipated electric car, dubbed the Mission E. Porsche’s chairman, Oliver Blume, told CAR Magazine the vehicle will go on sale by the end of 2019 and will be “priced like entry-level Panamera,” which begins at $85,000. Previously, Porsche had only said that...
  • Guess which church’s pastor famous for auto company!

    While in its 150-year history First Christian Church of Cleburne has provided the town with spiritual uplift, it also gave the town a pastor who, but for Henry Ford’s assembly line, might have made Cleburne the Detroit of the Southwest. In 1908, the Rev. Eugene Luck, the church’s pastor...
  • Audi is under fire for reportedly using emissions cheating software

    BERLIN (Reuters) – A German government commission has detected illicit emissions control software on Volkswagen luxury brand Audi’s flagship A8 models, Bild reported on Thursday, without citing the source of the information. German transport minister Alexander Dobrindt has requested the affected Audi A8 saloons with six and eight cylinder...
  • Ford’s new CEO may be about to go on a Silicon Valley shopping spree

    Ford’s decision to push CEO Mark Fields out of the company has a lot to do with its stock price that has plummeted 40% during his three years of leadership. But its decision to replace Fields with Jim Hackett, the exec who was overseeing Ford’s Smart Mobility unit that’s...
  • Off-lease used cars are flooding market, pushing prices down

    In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker. Like many companies that juiced sales with sweet leases...
  • Tesla is pushing the insurance industry to prepare for massive disruption

    Tesla is forcing insurance agencies to seriously consider how policies will change as cars become safer due to advents in self-driving technology. The latest example is Farmers Insurance partnership with Tesloop, a small ride-sharing service that uses Tesla cars to transport customers between cities in Southern California. Farmers wrote...
  • AP Source: Ford replaces CEO in push to transform business

    DETROIT (AP) — Ford is replacing its CEO amid questions about its current performance and future strategy. A person familiar with the situation says CEO Mark Fields is retiring at age 56 after 28 years at the company. The person spoke on condition of anonymity because the official announcement...
  • Ford to cut 1,400 jobs in North America, Asia

    DETROIT (AP) — Ford is cutting 1,400 jobs in North America and Asia Pacific this year in an effort to boost profits. The company will offer voluntary early retirement and separation packages to around 10 percent of its non-factory workers in departments like sales, marketing and human resources. It...