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Elon Musk

Tesla Motors invests in multiple projects should cow investors

Tesla Motors has given itself a space to maneuver as it works towards profitability. But, with its stake almost supported to its high, don’t rule out the company to invest more spending, while it is capable of doing that. Recently, Tesla Motors took out revolving credit consent with several major banks, potentially to borrow funds […]

South Korean auto brands

South Korean auto brands are closing gaps with Japanese competitors

South Korean auto brands, Hyundai Motor Co., and Kia Motors Corp., originally seen as laggards in quality, took top marks in a U.S. survey of new vehicles. The auto brands are closing gaps with their Japanese competitors, whose records declined below the industry average for the first time in 29 years. According to the J.D. […]

Toyota Motors

Toyota Motors to invest $126 Million in Michigan Plants

Toyota Motor Corp. said that it is going to invest about $126 million in three new facilities in Michigan, for expansion of its technical center, which is already a part of its effort to merge previously separated operations. The funding effort is led by the CEO of Toyota North America Jim Lentz – the highest […]

Power Storage System

Mercedes-Benz introduces Tesla-like Home Power Storage System

After Tesla Motors, and Ford, now it’s the German Automobile manufacturer – Mercedes-Benz, which introduced its sleek and portable home power storage unit, on Tuesday. The well-established auto manufacturer company took its time to work out with the plan, just similar as to Tesla’s approach to electric cars. But, one of the auto producer company’s […]

Hyundai Motor Corp.

Hyundai Motor Corp. May Develop Premium SUVs to Cater to Growing Demand

South Korea’s biggest auto manufacturer – Hyundai Motor Corp. may develop a large premium sport utility vehicles (SUVs) to supply to growing demands for the segments, after sales of its lineup of predominantly sedans has declined. The auto manufacturer is seeking to launch a bigger premium SUV, but hasn’t decided in which vehicle platform it […]

Ford

After Tesla, Ford is opening up its electric vehicle patents for free to competitors

One of the biggest upshots that automotive industry is facing is that, when a new prototype of a car is introduced by using innovative technology, it takes several years to set the right path for audience to catch up with its new model. Earlier, Tesla Motors revolutionized the automotive industry with its new patents to […]

Audi R8 e-tron

Dreaming to be Iron Man! Here’s Audi R8 e-tron, the all-electric and driverless supercar of the future

Dreaming to be a real Iron Man, Audi debuts its Audi R8 e-tron, the all-electric and driverless supercar of the future. Back in march, the Audi R8 e-tron was introduced, catching a lot of attention of viewers. The new model of Audi was unveiled on stage at Audi’s pre-show keynote, demonstrating it in a driverless […]

Toyota, Nissan

Toyota, Nissan recall 6.5 million vehicles over faulty airbags

Japan’s top and the largest carmakers, Toyota, Nissan and Honda Motors, to recall 6.5 million vehicles triggered by defects in Takata Corp.’s airbag inflators. Reportedly, all the three carmakers will recall millions of vehicle for investigation purpose. An unidentified source revealed that Toyota Motor Corp. and Nissan Motor Co. has recalled around 6.5 million vehicles […]

Volvo Cars Corp.

Volvo Cars Corp. to Build 1st Automotive Plant in South Carolina

On Monday, Volvo Cars Corp. announced plans to develop its first car plant in South Carolina (U.S). Volva, owned by Chinese company Geely, will have its second car factory by the end of this year with a financial package of 25 per cent in incentives for every dollar that Chinese auto maker spends. Volvo Cars […]

DFKI Robotics Innovation Center

The unique EO Smart Connecting Car 2 can shrink and drive sideways to park in any tiny space

The explosive growth of cities has got commuters constantly struggling through ever-increasing congestion on the roads and limited space for parking. The less space on the road has increased the option of the small car and similar other vehicles. These cars act as a perfect solution as it can squeeze into smaller spaces and maneuver […]

2016’S NEW DODGE VIPER ACR

2016’s New Dodge Viper ACR: The Fastest Street-Viper Sports Car

Dodge president and CEO, Tim Kuniskis rolled out the new 2016’s Dodge Viper ACR’s sports car during an event and tour of Fiat Chrysler Automobiles’ Conner Avenue Assembly Plant that hand-builds the powerful sports car. It is one of the fastest new American club sports viper versions of the sports car, and one of the […]

Volkswagen introduces Car App for Apple Watch

Volkswagen introduces Car App for Apple Watch

A recent source survey stated how auto companies are turning their businesses to a software company. Just like that, today, the German car manufacturing auto mobile company, Volkswagen debuts Car-Net system, an app for Apple Watch. The VW’s previous car models were having Car-Net system that alerts and locks car remotely using fobs or pooping the […]

Ford to lay off 700 workers at Michigan plant due to a slump in car sales

Ford to lay off 700 workers at Michigan plant due to a slump in car sales

Ford Motor Co. revealed on Thursday it plans to lay off 700 workers at its small-car assembly plant in the Detroit suburb of Wayne, Michigan, due to slow sales of the small cars, hybrids and electric vehicles. Low gasoline prices have hit the sales of the plant, which manufactures small cars and hybrids. Ford officials said […]

Autonomous Car Successfully Completes 3,400-Mile Cross-Country Trip in 9 Days

Autonomous Car Successfully Completes 3,400-Mile Cross-Country Trip in 9 Days

Delphi Automotive successfully completed the longest automated vehicle campaign in North America, traveling from San Francisco to New York in the first trip ever taken by an automated vehicle. The vehicle used was a customized Audi SQ5 SUV, and was first launched in January during the 2015 Consumer Electronics Show (CES). The Audi SQ5 SUV […]

Volvo plans $500 million U.S. plant to foster car sales

Volvo plans $500 million U.S. plant to foster car sales

China-owned Volvo Cars on Monday announced plans to invest about US$500 million to build a new manufacturing facility in the US as part of the company’s ambitious plan to reverse dwindling sales. Without providing more details or a timeline, Volvo said it was studying various locations for the U.S. factory and the complete details of […]

ChemChina seals deal to buy Formula 1 tyre maker Pirelli for $7.7bn

ChemChina seals deal to buy Formula 1 tyre maker Pirelli for $7.7bn

State-owned China National Chemical Corp (ChemChina) announced plans Monday to acquire Italian tire manufacturer Pirelli in a US $7.7 billion deal (€7.1 billion /5.1 billion pounds), the latest in a string of takeovers in Europe by high-profile Chinese corporate. The cash-rich Chinese companies are continuing with their overseas-buying spree to diversify operations, also taking advantage […]

Uber

Uber gives third-party apps ability to request rides

Uber’s quest to be everywhere took a big step forward by opening up its online booking to visitors of third-party apps to request an Uber ride within that app, without being redirected to Uber. Previously, just a handful of Uber’s corporate partners like Starbucks, United, OpenTable, TimeOut and TripAdvisor had permission to hail Uber cars directly. […]

Uber teams up with China’s BYD for electric car testing

Uber teams up with China’s BYD for electric car testing

Uber Inc. announced on Friday that it has teamed up with Chinese automaker BYD, or “Build Your Dream” to test a fleet of electric cars for its drivers. The test programme, which was initiated a few weeks ago in Chicago, could eventually expand to other cities as well. Uber spokeswoman Lauren Alltmin stated that the […]

Founded in 2010, AeroMobil launched the most current version of the prototype, called the Flying Roadster.

AeroMobil announces plans to sell flying cars by 2017

AeroMobil, a startup from Slovakia, unveiled a flying car at the Pioneers Festival in Vienna late last year, making the sci-fi lore a reality. But that’s not enough for the company. It now plans to build a car that not only flies, but does so without human intervention. At SXSW, AeroMobil CEO Juraj Vaculik spoke […]