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Ford sales show move away from diesel
Mon, 11 Aug 2014NEW CAR buyers are moving back towards petrol engines after years of diesel domination, if Ford’s latest sales figures are any guide. The company has revealed that its multi-award-winning 1.0-litre Ecoboost turbocharged petrol engine now powers one in every five cars sold in Europe, totalling 120,000 vehicles from January to the end of June. That figure is an increase from 104,000 1.0-litre Ecoboost-powered cars sold in the same period in 2013.
Daimler takes 10 percent stake in EV maker Tesla
Tue, 19 May 2009Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.
Fiat-Chrysler to make Jeeps, Alfas in Italy starting in 2012
Fri, 26 Nov 2010Fiat S.p.A. and Chrysler Group will build Alfa Romeo and Jeep models for global distribution as part of a new joint-venture company that will take control over Fiat's Mirafiori plant in Turin, Fiat said Friday. Fiat-Chrysler will invest more than 1 billion euros (more than $1.3 billion) to retool the factory.