When FoMoCo killed off Mercury in June 2010, it said that it will allocate the brand’s financial, product development, production and marketing, sales and service resources towards growing its luxury Lincoln brand. Well, it seems that’s exactly what FoMoCo is doing. The head of the Lincoln National Dealer Council said that it will funnel all [...]
For those of you that are not aware of each link between automakers and automotive brands, Korea’s Hyundai Group owns the Hyundai and Kia brand. The group together plans on increasing its market share in 2011 after already boosting sales in 2010. According to Hyundai, the group is expected to outperform its competitors and gain [...]
Italian automaker Fiat SpA, which currently owns 20 percent of Chrysler Group, may increase its holding to more than 50 percent before initial public offering by the Auburn Hills automaker, CEO of both companies Sergio Marchionne said today. “I think it is possible. I don’t know whether it is likely, but it is possible that [...]
Ford’s SYNC in-car connectivity system is celebrating 2011 with more than 3 million FoMoCo vehicles on the road with the technology since its introduction in late 2007. “Ford SYNC is clearly making a difference in our customer experience,” said Ken Czubay, Ford vice president of U.S. Marketing, Sales and Service. “Not only is it proving [...]
Dr. Martin Winterkorn became CEO and Chairman of the Volkswagen Management Board on Jan. 1, 2007. While is contract was supposed to expire on Dec. 31, 2010, the Supervisory Board of Volkswagen AG (which stands for Aktiengesellschaft), extended the contract unanimously by five years. That means Winterkorn will stay at the helm of Europe’s largest [...]
We’ve already counted down the Top 10 Automotive Industry Moments of 2010 and the Top 10 Concept Cars of 2010. It’s now time for the Top 10 list you’ll probably see on every other automotive site - Top 10 Cars of 2010. Do we at egmCarTech just end up picking what we think were the best [...]
Ever since its official debut in 2009, the Cadillac SRX has posted the largest gains in its segment for sales and projected resale value. However, most of the sales came from the 3.0 L V6 model. General Motors confirmed today that it has discontinued the 2.8L V6 turbocharged unit due to sluggish sales. Cadillac spokesman [...]
Earlier this week it was reported that Top Gear offended Muslim viewers by wearing burkhas to cheer up co-presenter James May after he was injured. Apparently, Muslims weren’t the only one offended the show’s special “Three Wise Men” Christmas edition. Christians were also offended by the Christmas episode. What was so offensive? According to reports, the [...]
