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Maserati rejects Tesla-like price cuts

MILAN -- Maserati will never start or get involved in a price war with competitors, CEO Davide Grasso said. "We would be completely strategically off-balance if we did that," Grasso told a press briefing on Friday. "Pricing is a very…

Ocean shippers playing catch-up to EV fire risk

There were 209 ship fires reported during 2022, the highest number in a decade and 17 percent more than in 2021, according to a report from insurer Allianz Global Corporate & Specialty. Of that total, 13 occurred on car carriers, but…

VW second-quarter earnings misses forecasts

Volkswagen Group lowered its 2023 outlook for deliveries amid economic uncertainty and intensifying competition in China. VW now expects full-year deliveries in a range between 9 million and 9.5 million vehicles, instead of the around 9.5…

Why FMEA is crucial to auto industry’s future

FMEA defines how to look at discrete effects of a failure and how those failures impact customers and the supply chain. When there is a failure mode, it drives a CAPA or a nonconformance, which may include a notice to customers about their…

2024 Geneva auto show to be ‘affordable’

The Geneva auto show will return in 2024 with a new, "affordable" concept for exhibitors and visitors. The exhibition, previously held every year, has not been held since it was cancelled in 2020 in the early days of the coronavirus…