The Jiangsu province in China has fined Mercedes-Benz $56 million for a pricing monopoly centered around spare parts. Jiangsu authorities said the carmaker had violated anti-monopoly laws, damaged fair market competition and harmed consumer rights.
“The investigation found Mercedes-Benz and its dealers in Jiangsu came to and carried out monopoly agreements to cap the lowest sales prices of E-class, S-class models and certain spare parts,” the Jiangsu pricing regulator said in a statement obtained by AutoNews. Authorities also fined → Read More
Rumor has it Aston Martin is planning to build a manufacturing plant in the U.S. dedicated to the brand’s first crossover model. The report from Financial Times claims the company is looking at Southern states like Alabama, Georgia, South Carolina and Tennessee as home for the new facility.
Aston Martin’s crossover will likely be based on the DBX concept that debuted at the Geneva auto show last month. The all-electric, all-wheel drive concept is oddly reminiscent of the Volvo S60 Cross Country in that its not exactly a sedan or a wagon, but some strange mesh of the two. Designers for the brand placed huge 22-inch wheels on the DBX body giving it a stilted stance that suggests → Read More
Tesla Motors CEO Elon Musk has revolutionized electric vehicles with the Model S and Roadster and has now set his sights on powering American homes. Tesla will debut a variety of home and utility batteries during an event held at the EV manufacturer’s Design Studio on April 30, Musk said in a letter to investors on Tuesday.
Tesla has been toying with the idea of a home battery system for at least a year. The company’s Stationary Energy Storage Director Arch Padmanabhan showcased a 10 kWh residential battery and a 400 kWh commercial/utility battery at a conference last September. Padmanabhan explained the battery architecture matches that of the systems built for → Read More
China has proven to be a popular market for auto makers this past year. Volvo Car Group in particular has seen substantial growth in China; the country was Volvo’s largest individual market in 2014 with sales of 81,000 vehicles, 17.4% of the company’s total sales. According to Håkan Samuelsson, president and chief executive of Volvo Car Groups, this growth will not only follow them throughout 2015, but will exceed the overall growth of the entire premium market in China.
The China Association of Automobile Manufacturers claims sales of passenger cars will slow to 8 percent for 2015, down from 9.9 percent the previous year and Volvo’s CEO predicts the premium sector in China will fall to a 5 to 10 percent growth, leaving Volvo to flourish → Read More
General Motors has stepped right out of a Tron movie with their new autonomous electric vehicle concept. The Chevrolet FNR, an acronym for Find New Roads, debuted on Monday at the Shanghai Auto Show to the delight of showgoers.
GM’s FNR looks like a mechanized chrysalis. The low-profile EV concept has magnetic, in-wheel electric motors and dragonfly dual-swing doors. The vehicle is able to be driven in either manual or driverless mode, an important feature as NHTSA is still debating the safety of all-autonomous models. Global Chevy chief Alan Batey said GM engineers equipped the FNR with biometric sensors that will automatically switch the vehicle to autonomous mode if the driver shows signs of fatigue. Another interesting element of the concepts is its ability to be → Read More