MILAN — Ferrari has trimmed its sales forecasts for this year after reporting decreasing core earnings, although in line with expectations, in the second quarter due to the coronavirus pandemic. Ferrari said Monday that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) would come in between 1.075 billion euros and 1.125 billion euros
0 Comments
“She’s pretty and petite … a compulsive perfectionist. She’s about to have a migraine!” Believe it or not, that’s a direct line from a 1977 advertisement put out by Parke-Davis, the pharmaceutical company. It appeared in a brochure for ergotamine tartrate tablets. At the time it was apparently OK to say that a combination of
0 Comments
With its long-awaited mid-engine platform, the Chevrolet Corvette C8 is a major step forward for “America’s Sports Car.” But not every aspect of the eighth-generation Corvette is ideal for enthusiasts. Jason Fenske of Engineering Explained looked at five “flaws” of the C8 Corvette, and why fans may be wrong to complain about them. The first
0 Comments
American Honda makes most of its money from crossovers, even as it remains more committed to passenger cars than some of its rivals. But cars remain critical to Honda Division and help it keep younger buyers coming in with such popular models as the Civic compact. But even Honda is feeling the pinch as consumers
0 Comments
U.S. light-vehicle sales rose 1 percent in July at Hyundai, behind a 13 percent increase in crossover deliveries, signaling the broader market continues to slowly recover from the coronavirus pandemic. Hyundai, with one of the industry’s smallest declines in second-quarter and first-half U.S. sales, continues to benefit from strong retail demand for an expanded crossover
0 Comments
Editor’s note: This story is part of the annual Automotive News “Future Product Pipeline” series. Acura’s return to its performance roots accelerated this year with the debut of a redesigned TLX midsize sports sedan on a new platform with an optional turbocharged six-cylinder engine. But there is much more to come, and it will happen
0 Comments
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
0 Comments
TOKYO — Toyota Motor Corp. President Akio Toyoda will create a trio of companies tasked with developing software for the next generation of smart cars. In detailing the plans, Toyoda said old business strategies no longer guarantee success in an industry being rocked by technological upheaval. Toyoda spoke here last week. These are edited excerpts.
0 Comments
FRANKFURT – Volkswagen Group is not done reshuffling its management, CEO Herbert Diess told a German newspaper in an interview. “We are 80 percent done with our personnel decisions. Some outstanding decisions have been prepared and we will implement them in a planned manner,” Diess said in the interview with Frankfurter Allgemeine Zeitung published on Friday.
0 Comments