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Oct
22nd

F1: Lotus F1 Team welcomes jewellery sponsor

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From press release

Lotus F1 Team has concluded a deal with Endless Jewelry.

The logo of the company will appear on the airbox and on the top of sidepod of the E22 for the United States Grand Prix at Austin, Texas on 31st October - 2nd November.

Endless Jewelry - founded in 2013 by Jesper Nielsen and his family - has enjoyed rapid expansion, and its products are today available in almost 3,000 stores in 18 countries worldwide.

F1 Lotus Endless
Photo: Lotus F1 Team

The Endless Jewelry range includes coloured leather bracelets and classic charms as well as the prestigious Jennifer Lopez Collection.

“Endless Jewelry is an exciting young brand which is rapidly expanding in Europe and North America,” said Matthew Carter, Lotus F1 Team CEO.

“The company ethos and approach very closely reflects those of Lotus F1 Team, making this partnership a perfect fit. The United States Grand Prix is a terrific event which gains fantastic exposure worldwide and is the perfect showcase for the US aspirations of Endless Jewelry.”

“Becoming a part of the Formula 1 world has been a childhood dream for me and having the opportunity to celebrate the successful launch of Endless Jewelry in the North American market in connection with the United States Grand Prix is an overwhelming feeling,” Jesper Nielsen, Endless Jewelry CEO declared.

“Seeing the Endless logo on the beautiful black and gold Lotus F1 Team car is really something special and business wise it's an investment that is sure to give the brand massive exposure - and everybody participating in the event a unique experience. I am very proud of the agreement with Lotus F1 Team.”


Oct
21st

Auto industry forming consortium to fight hackers

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Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators.
Oct
21st

Daimler sees $780 million windfall from sale of Tesla stake

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Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.
Oct
21st

Daimler sees $780 million windfall from sale of Tesla stake

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Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.
Oct
21st

NHTSA website search function crashes as drivers look for airbag recalls

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The website federal safety regulators are urging 4.7 million people to check to see if their cars have defective airbags couldn't be fully accessed today.
Oct
21st

Sonic pushes back rollout of customer-experience program

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Sonic Automotive will take at least six months longer than originally planned to roll its new customer experience program out to all of its dealerships.
Oct
21st

Ford cuts Focus Electric price by $6,000

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Ford slashed the price of the Focus Electric by $6,000 to $29,995, including shipping. The price reduction will remain in effect for all 2014 models and will continue when 2015 models are introduced.
Oct
21st

Ford to close climate control plant, lay off 257 workers

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Ford plans to shed the last line of business in nine-year-old Automotive Component Holdings LLC by December when ACH closes its Sheldon Road climate control plant in suburban Detroit and lays off its last 257 employees.
Oct
21st

Toyota ordered to pay $12.5 million to woman ‘virtually decapitated’ by seat belt

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A California jury ordered Toyota to pay $12.5 million for being responsible for debilitating lap-only seat belt injuries in a 2010 crash.
Oct
21st

PSA will add production shifts to meet demand for Citroen C4 Cactus, report says

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PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.
Oct
21st

Daimler will shift some Sprinter production to North America from Germany

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Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.
Oct
21st

CHINA: Car market set for 10m more units pa by 2020

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China's car market will be heading towards 30m units by 2020 according to forecasts produced by IHS Automotive.
Oct
21st

NHTSA expands faulty airbag warning to 7.8 million vehicles

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WASHINGTON -- Auto safety regulators, for the second time late Tuesday, expanded their warning to owners of vehicles recalled for defective Takata airbags, urging them to get the airbags replaced.
Oct
21st

NHTSA expands faulty airbag warning to 6.1 million vehicles

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NHTSA expanded a warning late Tuesday about faulty airbags made by Japanese auto parts maker Takata to 6.1 million vehicles in the United States. The agency also corrected and expanded a list of vehicles included in an advisory on Monday.
Oct
21st

GKN sees growth in 2014 helped by auto-unit performance

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UK supplier GKN said it was on track for growth in 2014 after posting third quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.
Oct
21st

SWEDEN: Auto companies should move faster with Iran: SIC

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Swedish automotive companies need to act faster to take opportunities of business in Iran says one association with interests in both countries.
Oct
21st

CHINA: Dongfeng Nissan adds fourth factory

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Dongfeng Nissan's Dalian plant, which will become the hub for the company's SUV production in China, has started production bringing the joint venture's number of assembly operations in the country to four.
Oct
21st

MALAYSIA: Volkswagen assembly plant to export from 2015

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Volkswagen Group Malaysia plans to start exporting vehicles it produces from completely knocked down (CKD) kits to neighbouring countries, Bernama.com.my reported.
Oct
21st

CHINA: Cadillac to commence local SRX build in 2015

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Cadillac plans to begin manufacturing its SRX SUV in China from 2015, CarNewsChina.com reported. The model, which is currently imported, will be built at a new plant near Shanghai.
Oct
21st

TURKEY: Hyundai commences production of European Elite i20

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Hyundai has started production of the European version of its redesigned Elite i20 in Turkey.
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