Mazda slumps to operating loss amid falling sales, rising costs

October 31, 2018 10:36 CET

TOKYO — Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.

The automaker booked an operating loss of 2.2 billion yen ($19.4 million) in the fiscal second quarter ended Sept. 30, the Japanese automaker said on Wednesday in its quarterly earnings report. The downturn reversed a quarterly operating Continue reading “Mazda slumps to operating loss amid falling sales, rising costs”

VW may share EV platform with Ford

October 31, 2018 06:01 CET

WOLFSBURG — Volkswagen Group could be open to sharing its new electric vehicle platform with Ford.

VW and Ford said in June that they were considering a development and production alliance that would include light commercial vehicles to strengthen both companies’ competitiveness.

On Tuesday, VW Chief Financial Officer Frank Witter said the automaker’s strategy is to open up the company much more to partnerships.

Asked whether this would include Continue reading “VW may share EV platform with Ford”

Tesla accused in U.S. driver suit of overstating Autopilot safety

October 30, 2018 22:08 CET

Tesla was accused in a U.S. lawsuit of misleading consumers into believing that the Autopilot system on its vehicles can safely transport passengers at highway speeds.

A Model S driver who was injured in a crash claims in a lawsuit in Florida that the system poses “an inordinately high risk of high-speed collisions.”

The lawsuit puts Tesla’s driver-assistance system back in the headlines for legal reasons, rather than for a development that Continue reading “Tesla accused in U.S. driver suit of overstating Autopilot safety”

Faraday Future co-founder Nick Sampson steps down

October 30, 2018 21:46 CET

Chinese electric vehicle developer Faraday Future said on Tuesday its co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.

Faraday Future, which has ambitions of overtaking Tesla, said its senior vice president for global product and technology, Peter Savagian, has also stepped down.

Sampson’s departure was reported earlier by tech news website Verge.

The two executive Continue reading “Faraday Future co-founder Nick Sampson steps down”

Daimler open to another collaboration with Tesla

2020 Mercedes-Benz EQC

At one point, Daimler owned 10 percent of Tesla. That was back in 2009 when the German auto giant acquired stock in Tesla in an effort to collaborate and develop electric car technology.

However, as it started to become clear that electric cars were popular with some buyers, Daimler in 2014 decided to sell its stake in Tesla to separate its own technology from that of Tesla. But that doesn’t mean Daimler won’t work again with Tesla in the future.

The information Continue reading “Daimler open to another collaboration with Tesla”

SEMA 2018 Photos – Daily Event Coverage

SEMA 2018 Photos are here!

The Gauge Magazine crew is in Las Vegas, NV attending SEMA 2018.  We are here to make sure that you get the best coverage from SEMA in the quickest way possible!  Gauge Magazine will be going live on our Facebook page to give you a coverage that will allow you to feel like you are right there with us and answer any questions that you may have.  We are posting each day of the SEMA 2018 photos with hundreds of pictures of all the excitement. Don’t miss the Continue reading “SEMA 2018 Photos – Daily Event Coverage”

Fiat Chrysler Q3 earnings marred by Europe, Asia

October 30, 2018 14:59 CET
UPDATED: Oct 30 21:08 CET – adds reaction, details

MILAN — Fiat Chrysler Automobiles reported higher earnings for the third quarter despite losses in Europe and Asia.

Adjusted earnings before interest and tax (EBIT) rose 13 percent to 1.995 billion euros, the company said in a news release Tuesday.

Sales rose 9 percent, above expectations, helped by higher shipments of the new Jeep Wrangler and Cherokee models and the new RAM 1500 pickup.

Net Continue reading “Fiat Chrysler Q3 earnings marred by Europe, Asia”

Volkswagen reviewing autonomous car alliances, Waymo seen as a leader

October 30, 2018 13:14 CET

FRANKFURT — Volkswagen CFO Frank Witter said the carmaker was open to deeper alliances with outside companies, particularly in the area of autonomous driving, where Google’s Waymo is seen to be an industry leader.

“It remains to be seen whether every carmaker develops their own system, or whether you bundle your efforts,” Witter said Tuesday in a conference call with journalists.

“We want to have access to a self-driving system and we are speaking with Continue reading “Volkswagen reviewing autonomous car alliances, Waymo seen as a leader”

Bentley mulls electric car to help reduce carbon footprint

October 30, 2018 15:57 CET

WOLFSBURG — Bentley is considering launching its first full-electric vehicle to help reduce its fleet CO2 emissions as lawmakers throughout the world introduce stricter reduction targets.

If approved, the EV would be launched before 2025 on a platform under development by Volkswagen Group sister brands Porsche and Audi.

Bentley has amongst the highest carbon footprints of any brand at the group due to its reliance on heavy sedans and the Bentayga large SUV. Continue reading “Bentley mulls electric car to help reduce carbon footprint”

Toyota, Pizza Hut want to deliver fresh-cooked pies in autonomous pickup

October 30, 2018 14:15 CET

Pizza Hut is fusing two of America’s favorite pastimes — pizza and pickups — in a bid to cut delivery times as fast-food competition heats up.

As part of the restaurant’s latest partnership with Toyota, Pizza Hut has unveiled a robot-operated mobile pizza factory in the bed of a modified Toyota Tundra. The prototype will use automated technology to cook pizzas on-the-go in six to seven minutes, letting the chain expand its delivery area without the pizzas Continue reading “Toyota, Pizza Hut want to deliver fresh-cooked pies in autonomous pickup”