Ferrari’s reported an EBITDA of $339 million, in line with Thomson Reuters SmartEstimate of 286 million euros. On Wednesday, Ferrari confirmed its full year outlook based on a 7% rise in its core second-quarter adjusted earnings which were largely helped… Read More ›
models
BMW to invest $1.17 billion in a auto plant in Hungary
A home to premium carmakers, the move will strengthen Hungary’s economy. In a strategic move, BMW stated, it will be investing $1.17 billion (1 billion euros) for a new car factory in eastern Hungary. The move is likely to add… Read More ›
Ford to launch 5 new SUV models by 2020
Next year, in 2018 Ford will launch a refreshed version of the Ford Explorer SUV. As per a top executive from Ford Motor Co, the industry wide sales of SUV is likely to continue on its upward swing in the… Read More ›
Ford’s SmartLink technology enabled plug-in device will infuse smart features in all its models from 2010-2016, including Lincoln cars.
The plug-in device will most likely fit onto the OBD II port will provide a host of features without using modems. Ford Motor Co has disclosed it would be selling a plug-in device which will enable features such as Wifi… Read More ›
South Korea bans models of Volkswagen, BMW, Porsche, Nissan
The ban comes in the wake of an investigation by South Korea whose findings indicate that these companies had falsified documents related to pollution norms and noise levels. BMW and Nissan have acknowledged the findings of the investigation. In the… Read More ›