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Detroit Electric delays SP:01 again
Mon, 26 Aug 2013Detroit Electric, the new startup with an old name, said it is delaying production because it hasn't secured a lease or purchase agreement for its manufacturing facility in Plymouth, Mich. It is also talking to some new partners, though the company declined to name them. North American president Don Graunstadt told the Detroit News, “To further elaborate at this juncture is, unfortunately, not possible as Detroit Electric have entered into negotiations with other parties that have the potential to impact our business strategy and timing,” Graunstadt said.
News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hou Wednesday 31 October 2012• It's emerged GM's European 2012 earnings are down nearly half a billion dollars in Europe, where it now expects to lose $1.5bn to $1.8bn before interest and taxes for the full year (DetNews)• Ford has posted a third-quarter net profit of $1.63bn (£101bn) - almost matching its eventual profit total for the entire year 2011. Despite painful losses in Europe (Ford expects to lose $1bn in Europe alone this year) a resurgent North American market has buoyed Fords sales even higher than previous forecasts (Automotive News Europe)• Fiat CEO Sergio Marchionne has weighed in against Republican presedential nominee Mitt Romney, who argued that a move towards Chinese production would harm American jobs.
New Michelin Premier A/S with EverGrip tyres promise better grip when worn and 60,000 miles
Wed, 15 Jan 2014New Michelin Premier A/S with EverGrip tyres (pictured) promise better grip when worn and 60,000 miles We all know that tyres for a car don’t seem to last five minutes, and every mile you drive from new makes the tyres less effective. But Michelin reckon they’ve turned that logic on its head with their new Premier A/S with Evergrip. Due to launch in the US in spring – and hopefully the UK and Europe later in the year – the Michelin Premier A/S with EverGrip has new tyre technology that actually improves grip as the tyre wears, and promises 60,000 miles of useful life.