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China’s Geely posts 40% slump in first-half profit, sees uncertain demand outlook

5 hours ago NAMEX Comments Off on China’s Geely posts 40% slump in first-half profit, sees uncertain demand outlook
SHANGHAI (Reuters) – China’s Geely Automobile Holdings Ltd (0175.HK) said on Wednesday first-half net profit skid 40% amid a sustained downturn in the world’s biggest auto market, and it forecast an uncertain outlook for vehicle demand for the rest of the year. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured at the Read More

Mercedes caught ‘spying on drivers with secret tracking devices’

22 hours ago NAMEX Comments Off on Mercedes caught ‘spying on drivers with secret tracking devices’
Mercedes-Benz has found itself at the center of an apparently illegal spying operation, following reports that it installed tracking devices on thousands of vehicles and shared customer location data with third parties. According to the Sun, Mercedes-Benz fitted secret sensors to all new and used vehicles sold through its official dealers from as far back Read More

Ford ponying up two electric SUVs at Mustang factory, report says

23 hours ago NAMEX Comments Off on Ford ponying up two electric SUVs at Mustang factory, report says
Electric Ford F-150’s shocking secret revealed Ford is working on an electric F-150 pickup that will be going on sale in a couple of years, but its powertrain isn’t the only thing that makes it special. A prototype spotted on public roads reveals it may also have a fully-independent suspension. Ford has four very different Read More

Turkey fuming after Syrian airstrike on convoy in Islamist-held Idlib province

2 days ago NAMEX Comments Off on Turkey fuming after Syrian airstrike on convoy in Islamist-held Idlib province
The Turkish Defense Ministry has condemned Syria for attacking its convoy in the Syrian province of Idlib. Damascus said the vehicles were transporting weapons and ammo to “terrorist forces.” Ankara said three people were killed and 12 others injured on Monday after the Syrian airstrike, which targeted a Turkish military convoy travelling between two observation Read More

Florida’s iconic palm trees threatened by invasive disease

2 days ago NAMEX Comments Off on Florida’s iconic palm trees threatened by invasive disease
Florida’s iconic palm trees are under attack from a fatal disease that turns them to dried crisps in months, with no chance for recovery once they become ill. Spread by a rice-sized, plant-hopping insect, lethal bronzing has gone from a small infestation on Florida’s Gulf Coast to a nearly statewide problem in just over a Read More

Shell debuts electric vehicle chargers in Singapore, first in Southeast Asia

2 days ago NAMEX Comments Off on Shell debuts electric vehicle chargers in Singapore, first in Southeast Asia
FILE PHOTO – A sign is seen at a Shell facility near the Houston Ship Channel in Galena Park, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott SINGAPORE (Reuters) – Royal Dutch Shell is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday. The Read More

Scaremongering or worst-case scenario? UK govt at odds over grim no-deal Brexit leak

3 days ago NAMEX Comments Off on Scaremongering or worst-case scenario? UK govt at odds over grim no-deal Brexit leak
British officials are struggling to stay on message after the publication of a leaked report warning of food and fuel shortages in the event of a hard Brexit, contradicting one another in their attempts at damage control. The Sunday Times revealed that a report prepared by the British government predicts serious supply problems with food, Read More

North Carolina smashup of 40-50 vehicles blamed on heavy rain: reports

3 days ago NAMEX Comments Off on North Carolina smashup of 40-50 vehicles blamed on heavy rain: reports
As many as 50 vehicles were involved, but early reports indicated only one serious injury resulted after chain-reaction crashes in heavy rain in North Carolina on Saturday night. The crashes happened around 6 p.m. along the Interstate 40/85 exchange in Mebane, northwest of the Raleigh-Durham area, according to local media reports. Traffic was backed up Read More

13 arrested, 6 injured after Portland protests descend into violence

3 days ago NAMEX Comments Off on 13 arrested, 6 injured after Portland protests descend into violence
Police have arrested 13 people on a range of charges, including disorderly conduct, resisting arrest and unlawful use of a weapon after right-wing demonstrators squared off with Antifa counter-protesters in Portland, Oregon. Speaking at the press conference in wake of the protests in Portland, marred by sporadic incidents of violence, city mayor Ted Wheeler hailed Read More

Ferrari will expand its lineup of road cars, but not too much

3 days ago NAMEX Comments Off on Ferrari will expand its lineup of road cars, but not too much
FILE PHOTO: FCA Chairman John Elkann is seen before an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo PEBBLE BEACH, Calif. (Reuters) – Italian premium sports car maker Ferrari NV (RACE.MI) will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Read More