As Fisker Automotive tries to stave off bankruptcy, new information has been revealed on the state of the company. According to an investigation from Reuters, Fisker lost $35,000 on each Karma sold.
Fisker built around 2,450 copies of its Karma plug-in hybrid sedan between 2010 and 2012. It has been nearly a year since Fisker has produced a vehicle due to its ongoing financial struggles.
Last-minute changes to the design and engineering of the Karma can be → Read More
Drivers waste countless hours as they circle parking lots and city blocks hoping to come across a vacant space. Fortunately, Audi may have an app for that.
Those who subscribe to Audi’s connect service will be able to receive real-time parking information that helps locate parking spaces based on a driver’s location and price preferences. According to Audi, the new app is designed to make driving an Audi more pleasurable and stress-free. Once the app is downloaded and placed on the menu of the in-dash infotainment system, drivers have access to information from parking lot operators who manage more than 18,000 locations in the U.S. Other auto manufacturers are expected to → Read More
Mercedes-Benz continues its rollout of the 2014 E-Class with a new coupe, convertible, and hybrid arriving in showrooms this month.
The new hybrid is priced at $56,700, a small increase from last year. Official pricing has not yet been announced for the other two, but buyers can expect around $53,000 for the coupe and $62,000 for the base convertible.
The German automaker is presenting 15 E-Class models for the new model year, including eight sedans, two wagons, three → Read More
Ford appears to be on the rebound. After troubled times in 2009 that resulted in heavy layoffs, the company recently announced that it is hiring again to keep up with the spike in demand for its vehicles. More than 6,000 new employees will have been added to Ford’s rolls by the end of this year, split 50-50 between salaried and hourly positions.
Ford was barely able to keep up with its production last year and might find it even more → Read More
General Motors announced the creation of a new Global Business Services group that will help simplify international operations and eliminate redundancies.
The team will consist of members across the finance, human resources, facilities management, real estate, and indirect purchasing sectors. Eventually, it will encompass thousands of employees in different segments of GM across the globe. It will be led by Diana Tremblay, former vice president of North American Manufacturing.
GM expects that the Global Business Services team will reduce costs → Read More