The company said earnings would be hit by 300 million euros of one-off costs for a review of its vans product portfolio. The vans division, which has struggled to ramp up production at its plant in the United States, saw its return on sales plunge to minus 15.9% in 2019 from 2.3% in 2018, Daimler said. It also announced a 300 million euro hit from a restructuring of its Your Now mobility services business. In December, Daimler said it was exiting the North American car-sharing market. … [Read more...] about Daimler Profits Halve On Diesel And Restructuring Charges
Supreme court reporters
Only a couple of days after the CT5-V was unveiled, Cadillac made a rather surprising announcement about plans for a hotter version. Originally believed to use a twin-turbo 4.2-liter V8 Blackwing engine from the defunct CT6-V, the flagship version of the CT5 will allegedly rely on a supercharged 6.2-liter V8 in the same vein as the old CTS-V. Car and Driver reports the Blackwing doesn’t fit inside the performance sedan’s engine bay due to its double-overhead-cam design making it wider and taller than the pushrod 6.2-liter unit. … [Read more...] about Cadillac CT5-V Flagship Version To Use Supercharged 6.2-Liter V8?
The report claims power will increase from the 505 hp you get in the standard Giulia Quadrifoglio to a healthy 620 hp. Torque numbers are not mentioned in the article, but we’re expecting a significant boost from the 443 pound-feet (600 Newton-meters) produced by the Ferrari-derived twin-turbo 2.9-liter V6 in the Q model. … [Read more...] about Alfa Romeo Giulia GTA With 620 Horsepower Could Debut In June
“He told me that Nissan will probably go bankrupt within two to three years,” Gohara said, also adding that Ghosn didn’t go into details of why Nissan would face financial troubles. Azusa Momose, a spokeswoman for the Japanese automaker, declined to comment when approached by Reuters. … [Read more...] about Ex-Nissan Boss Carlos Ghosn Says Company Will Go Bankrupt In 2-3 Years
While not a firm confirmation, the leaked document provides interesting information about the construction of the rear suspension of the new Mondeo. The guide mentions a model-specific tool for the removal of a rear leaf spring - a layout the company hasn’t used for its European models in ages. Autocar believes this chassis design could be very similar to the suspension of the Volvo XC90, which hints at a potential new hybrid or/and plug-in hybrid powertrain for the family vehicle. One possible offering is Ford’s new 2.5-liter hybridized mill, which was introduced with the new Escape/Kuga and will very soon be available for the S-Max and Galaxy duo in Europe. … [Read more...] about Ford Mondeo Confirmed To Get New Generation Next Year