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01 Apr, 2020
Ford With Plans to Release Diesel Option for F-150
Ford Motor Company (NYSE: F) has announced plans to release a diesel engine version of their best selling F-150 pickup truck this spring. Ford executives said the diesel model of the F-150 is expected to get 30 miles per gallon fuel efficiency on th..
Chinese Geely Buys Stake in Sweidsh Volvo
On Wednesday, China’s privately-owned automotive group, Geely Holding, has announced plans to acquire an 8.2% share capital holding and 15.6% voting rights in the leading Swedish manufacturer of truck engines, AB Volvo. Chairman Li Shufu of Ge..
GE to raise its stake in Arcam to 95%
General Electric Co. (NYSE: GE) announced on Wednesday it will buy shares of 3D printer maker, Arcam AB (STO: ARCM), from hedge funds Elliott Management and Polygon Investment Group.GE agreed to purchasing Elliot and Polygon’s outstanding Acra..
Demand for Porsche's Panamera Sedan Surges
Porsche’s parent Volkswagen has been making a move to shift to cleaner vehicles that have made increasing demands for the Panamera hybrid sedan. However, challenges have been arising such as the struggle for battery suppliers to keep up with t..
Porche's Employees Under Investigation by German Prosecutors
On Monday, The Stuttgart prosecutor’s office said that employees at German sports car maker Porsche AG and a U.S-based subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions.According to an art..
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