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Ford Australia Announces Boosted $450M R&D Budget For 2017

THU, 22 DEC, 2016

Ford Australia has opened its new Asia Pacific Product Development Centre, with global president and CEO, Mark Fields, using the occasion to announ...

Ford Australia’s 2017 Graduate Intake Includes Designers

FRI, 2 SEP, 2016

For the first time since re-launching a Graduate Program in 2015, next year Ford Australia’s intake will include graduate designers.

GM Aiming To Cut Platforms, Increase Lifespans To Cut Investment Costs

MON, 1 FEB, 2016

Searching for ways to reduce engineering and model development costs over the next generation of vehicles, General Motors is proposi...

Alfa Romeo Revival Takes A Back Seat In FCA’s Product Plans

FRI, 29 JAN, 2016

The full-scale revival of Alfa Romeo has been throttled back.

General Motors Bets Big On Autonomous Ride Sharing Future With Lyft

TUE, 5 JAN, 2016

General Motors has announced that it will enter into a US$500 million (A$696 million) strategic alliance with ridesharing service Lyft with the lon...

Kirk Kerkorian: Billionaire Automotive Investor Dead At 98

WED, 17 JUN, 2015

If Tesla CEO Elon Musk is the automotive industry’s ‘top disrupter’, perhaps Kirk Kerkorian is one of its most influential.

Audi To Spend $35.8b On New Models, Factories, Tech

TUE, 30 DEC, 2014

Audi will invest €24 billion (AU$35.8 billion) over the next five years on developing new models, adding production facilities ...

Hyundai's $11.2 Billion Property Buy Drives Investor Backlash

MON, 22 SEP, 2014

Hyundai’s investors are reportedly displeased over the carmaker’s decision to spend AU$11.2 billion on a ‘trophy property’,...

Volkswagen, Volvo Investing Heavily In Future Products

THU, 28 NOV, 2013

Volkswagen and Volvo have both got the bank books open, with the carmakers announcing sizeable investments in future development and production.

GM Pledges €4 Billion In Opel Product Development, 23 New Models Coming

THU, 11 APR, 2013

General Motors has announced plans to invest €4 Billion (AU$4.95 billion) in its European operations, in a bid to return the Opel...