Billionaire Li Shufu said he’s planning to pull Zhejiang Geely Holding Group Co. out of a bid for Proton Holdings Bhd., saying the Malaysian carmaker keeps changing its plans.
Category: Convertible
What Do You Buy When Trump Wins? A Bentley
Buyers are feeling more confident about shelling out six figures for a set of wheels as market investors have been on a tear in recent months, pushing the Dow Jones Industrial Average solidly past 20000, on bets that the Trump administration will enact business-friendly policies. Sales of vehicles made by Volkswagen AG’s Bentley, Ferrari SpA , Fiat Automobiles NV’s Maserati, Porsche AG and BMW AG’s Rolls-Royce jumped an estimated 18% since the Nov. 8 U.S. presidential election through January, compared with the same period in 2016, according to Autodata Corp. That far outpaces the gains these upscale brands had been notching through the prior 10 months.
What Do You Buy When Trump Wins? A Bentley
Buyers are feeling more confident about shelling out six figures for a set of wheels as market investors have been on a tear in recent months, pushing the Dow Jones Industrial Average solidly past 20000, on bets that the Trump administration will enact business-friendly policies. Sales of vehicles made by Volkswagen AG’s Bentley, Ferrari SpA , Fiat Automobiles NV’s Maserati, Porsche AG and BMW AG’s Rolls-Royce jumped an estimated 18% since the Nov. 8 U.S. presidential election through January, compared with the same period in 2016, according to Autodata Corp. That far outpaces the gains these upscale brands had been notching through the prior 10 months.
Tesla has sent investors on an epic roller coaster ride for…
Tesla is headed into fourth quarter and full-year 2016 earnings next week with arguably the biggest head of financial steam in the company’s history. A surprise profit in the third quarter last year, coupled with Donald Trump’s win in the election and the assumption that an America-first manufacturing policy favors Tesla, has sent shares on an epic rally.
Luxury SUVs Just Did Something We’ve Never Seen Before
Ponder this for a minute: In 2016, luxury sedans were outsold by luxury-brand SUVs. SUVs accounted for 55% of luxury-vehicle sales in the U.S. in 2016, according to figures from Edmunds.com.
Tesla Model 3: How Many Will Be Delivered In 2017?
But the big mystery is how Tesla’s Model 3 production ramp-up will look — and thus Model 3 deliveries. While investors may not get a very specific answer, management’s guidance range for total vehicle sales will likely provide some useful insight into Tesla’s outlook for the highly anticipated, lower-cost vehicle.
Slow fix: VW diesel owners complain of buyback delays
In this Tuesday, Jan. 24, 2017, photo, Volkswagen vehicles are stored at the vacant Silverdome in Pontiac, Mich. The Volkswagen TDIs are in the center of the emissions scandal forcing Volkswagen to buy back those vehicles affected.
VW Shrugs Off Scandal Woes as 2016 Deliveries Rise to Record
Volkswagen AG delivered more cars and trucks than ever before, shrugging off the emissions-cheating scandal by wooing more customers in China. The German manufacturer, which vies with Toyota Motor Corp. for the title of the world’s biggest automaker, posted a 3.8 percent rise in sales to 10.3 million vehicles in 2016, the Wolfsburg-based company said in a statement.
Detroit Wants Something From Trump in Exchange for Those Tweets
The way Bill Ford tells it, you’d think he and Donald Trump are like two old buddies chitchatting all the time about cars, economics and taxes. “When needed, I can always get to him or he calls me,” Ford, the chairman of Ford Motor Co., said in an interview Monday at the North American International Auto Show in Detroit.
US approves fix for some Volkswagen diesels
In this Sept. 21, 2015, file photo, a Volkswagen logo is seen on car offered for sale at New Century Volkswagen dealership in Glendale, Calif.
The real reason Ford abandoned its plant in Mexico has little to do with Trump
The frame of a 2015 Ford Mustang vehicle moves down the production line at the Ford Motor Flat Rock Assembly Plant in Flat Rock, Michigan, U.S. August 20, 2015. REUTERS/Rebecca Cook/File Photo Ford chief executive Mark Fields announced Tuesday the automaker was ditching its plans to open a factory in Mexico and instead expanding a Michigan plant, creating 700 more local jobs.
Here’s what it’s like to live with a supercar in San Francisco
Ask any car enthusiast which driver’s seat they prefer, and the answer, almost invariably, will be one that sits low, with a big, thunderous engine out back and a six-figure price tag. As true as that might be, it’s almost clich to say that supercars are the stuff of dreams.
TheStreet’s Top Muscle Car of 2016 Is a 707-Horsepower Animal That Will Stop Your Heart
The qualifications for TheStreet ‘s “Top Muscle Car of 2016” were absurdly simple — one, is the car stupid fast and two does it borderline frighten you to death with the gas pedal pressed to the floor? After all, those emotions are what defines driving a piece of American muscle, no? Suffice it to say TheStreet’s hands-down winner this year was the Dodge Challenger Hellcat, which we had the awesome pleasure of driving around for several days. Runner up was the Dodge Charger Scat Pack .
GM, Fiat Chrysler Idling 7 Plants Next Month as Sales Slow
General Motors Co. will idle some production at five U.S. passenger-car plants in January while Fiat Chrysler Automobiles NV halts output for New Year’s week at two Canadian vehicle factories.