Tesla Reports Record Car Deliveries
The electric car maker said that was a 70% rise on the same period of 2016. In a record quarter, Tesla delivered just over 25,000 cars in the first three months of the year. The electric car maker...
Tag: Automotive industry
Mercedes, VW Recall Million Vehicles In China
German automakers Mercedes Benz and Volkswagen will recall nearly one million vehicles in China, according to the country's quality regulator. Mercedes Benz will recall nearly 400,000 vehicles of...
BMW Third-Largest Electric Car Manufacturer
The market for electric cars and hybrids grew by 37 percent in 2016. BMW has made e-car production a priority, and now enjoys a market share of 7 percent, behind Tesla and market leader BYD from...
Peugeot To Buy GM’s Opel, Creating 2nd-Largest European Car Maker
General Motors Co. is selling its loss-making European car business - including Germany's Opel and British brand Vauxhall - to French automaker PSA group. The 2.2 billion euro ($2.33 billion) deal...
Ford Lowers Profit Forecast As US Auto Boom Ebbs
US auto giant Ford said Thursday its first quarter earnings would come in well below analysts' expectations, as it projected industry-wide US and Chinese car sales would decline in 2017. Ford, the...
Tesla Seeks $1.15 Bn To Help Fuel Model 3 Launch
Tesla on Wednesday announced plans to raise $1.15 billion in new funding to help fuel production of a mass market-targeted Model 3 electric car set for release this year. Tesla said that it planned...
German Prosecutors Searching Audi Offices In Germany
German prosecutors searched Audi's two biggest plants and several other sites on Wednesday in connection with an emissions cheating scandal, adding to pressure on Volkswagen's (VOWG_p. DE) luxury...
VW Diesel Compensation Is On Track In US But Not Elsewhere
It has been a year and a half since the diesel emissions scandal at the German carmaker Volkswagen first came to light. Since then, the company has agreed to pay substantial compensation to people in...
Intel Buying Israeli Car Tech Firm Mobileye For $15 Bn
US computer chip giant Intel has agreed to buy Israeli car technology firm Mobileye in a deal worth more than $15 billion (14 billion euros), the companies said in a statement on Monday. Israeli...
China May Roll Back Electric Car Quotas As Industry Pushes Back
China is considering easing proposed quotas aimed at producing more electric vehicles, as Beijing gets pushback from the automotive industry over the scale and pace of the plans. If adopted, proposed...
‘Global Startup’ Vows Autonomous Car By 2020 In US
A 'global startup' which makes electric racing vehicles unveiled plans Friday to sell a fully autonomous electric car in the US market by 2020. The company called Nio, founded by Chinese entrepreneur...
‘Global Startup’ Vows Autonomous Car By 2020 In US
A "global startup" which makes electric racing vehicles unveiled plans Friday to sell a fully autonomous electric car in the US market by 2020. The company called Nio, founded by Chinese entrepreneur...
VW and Tata Agree Partnership To Boost Sales In India
VW and Tata have agreed to form a strategic partnership to help both companies boost economy car sales in India and emerging markets. VW's Skoda unit will lead the project to develop components and...
Two Die As Motorway Bridge Collapses Near Ancona
The aftermath of the bridge collapse in Ancona A motorway bridge has collapsed near the north-east Italian city of Ancona, killing two, Italian officials say. The victims were in a car below the...
Autos Bosses Focus On Technology Rather Than PSA-Opel
The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing set to eclipse even big mergers such as PSA's purchase of Opel, executives at the...
GM Eyes Autonomous Future As It Sells Opel
The move by US auto giant General Motors to offload money-losing European brand Opel marks its latest effort to focus on more profitable markets and autonomous driving technology. The largest US...
GM Set To Announce Opel/Vauxhall Sale On Monday
General Motors is set to announce a deal to sell Vauxhall and Opel to the French company that owns Peugeot and Citroen on Monday. PSA Group has scheduled a press conference with GM for Monday morning...
Peugeot Poised To Buy GM’s Opel, Creating European Car Giant
France's PSA Group (PEUP. PA) is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for...
Continental CEO Eyes New Business From Opel-Peugeot Deal
Continental (CONG. DE) expects a possible tie-up between PSA Peugeot Citroen (PEUP.PA) and General Motors' (GM.N) Opel division would boost its business, its chief executive said. "Opportunities...
Miracle! Dozens Escape Death As Truck Falls Off Circle Interchange
It was a miraculous scene Wednesday evening when dozens of people escaped death as a fully loaded 40-footer articulated truck fell off the newly constructed Kwame Nkrumah Circle Interchange in Accra....