Volvo is the company that has for decades enjoyed the reputation of the car producer that brings safest cars on the roads. Today with all this fast improving technology where future cars will be able to drive us by themselves, having the reputation of the safest one is more than desirable. Seems like main people in the company became aware of mentioned and Volvo has just joined other auto manufacturers that already launched cars able to drive us, without our control.
Oh dear Henry Ford, it is a good thing that you are not here to see the latest news. The respected Company you founded all the way back in 1903 is now going through some serious trouble if they want to maintain reputation worth of respect, or reputation of an automaker that justifies the prices of the cars. To be honest after seventh recall of 2013 model of Escape SUV, your Ford Company is putting its position of the second largest U.S. automaker under a huge question mark.
Latest news could lead you to one conclusion: Seems like Elon Musk is having fire trouble in last six weeks. After there was a third fire reported in Tesla Model S luxury sedan, fire problems lead to reasonable turn of events; huge concern among present and possible future owners of Tesla electrical cars. U.S. safety regulators are investigating fires in Tesla Model S electric cars, while Elon Musk indicates that he stands by the car and has no doubt in the safety of it, actually claiming the car is one of the safest anywhere, on the other hand he did decide to act and ordered three changes.
According to the National highway Traffic Safety Administration, around 360 people are killed every year because of police chases. That includes officers, suspects, and bystanders. Therefore, in order to reduce the need of hazardous high-speed chases, police across the United States have adopted StarChase safety system, a discrete method which shoots GPS tracking cartridges onto vehicles attempting to get away.
Eight States pledge for Zero-Emission Vehicles. Governors of eight states announced a groundbreaking initiative to put 3.3 million zero-emission vehicles (ZEV) on the roads by 2025. These eight states representing nearly a quarter of U.S. auto sales signed a pact to boost the number of electric- and hydrogen-fueled cars, trucks and buses. These states have the main mission to help make the highways friendlier for zero-emission vehicles. And California is helping lead the charge.
Europe’s car market flattened in early eight months to the lowest level since 1990. September merchant rebates or abatement in Germany rose to moderate 12 percent off the price tag from 11.6 percent in August, the topmost level in view of June. The outstanding transactions are accessible on Peugeot and Renault cars, with connected moderate discounts of 14.9 percent. Fiat presents enticement in proportion to 13.7 percent off the list price.
Billionaire investor, one of the Industry Leaders, Tesla CEO Elon Musk, a man capable of building electric cars and space launch vehicles has a new wish. Now he wants to create a car that can convert into a submarine.
Tokyo, Toyota comes out with news on their next generation cars. Among them is a car with an auto pilot system they say.Next generation cars from Toyota are reviled, but it seems like they still have a problem to deal with the old ones….
Motor company Ford showed off prototype cars with two new technologies in Europe. One system allows a car to park itself without a driver inside while another automatically turns the steering wheel to avoid stopped cars or pedestrians.
At last, the National Highway Traffic Safety Administration has set up new guidelines for drivers keen on self-driving cars. The move is a breakthrough as it is one of the first regulatory laws introduced by the agency with respect to autonomous vehicles.
Not unexpectedly, Tesla Motors Inc. is gathering pace as it has just announced that it will expand its charging stations. The advancement is aimed at giving the owners of electric cars the possibility of having a coast-to-coast ride. But the electric car producer had also a small surprise for its fans. The automaker has also informed that it is developing a new, small crossover car which will be released around 2017.
Ford Motor Co. is to give Australian production the brush-off as it has informed that it would stop manufacturing cars in the world’s twelve largest economy. Everything has its end. And now there is the end of the 85-year-old Ford’s production in Australia which will be stopped by 2016. The decision of Ford Motor Co. is undeniably shocking for Australia which has been recently struggling due to the strength of its currency.
Ford Motor Co. is having its good days and it simply wants to take advantage of growing demand for cars in North America. Thus the US-based automaker informed that it decided to increase production at its car plants located in North America, thereby cutting the summer shutdown. Its overall plans are aimed at boosting manufacturing capacity by ambitious 200,000 vehicles annually in 2013. The increased production is expected to even help the company gain a bigger share in the US market.
Tesla Motors Inc., headed by green entrepreneur Elon Musk, is looking to rewrite the car industry in the US with a new stock offering. Successful with their first generation electric car Model S for commercial use, Tesla Motors Inc. has suddenly grown ambitious and proposes to raise $830 million through shares and convertible-bond stock offering. More important, in the long term this will allow the green carmaker to reimburse the $465 million US government loan it raised through the Department of Energy’s loan program.
If news bytes by people in the know-how at Facebook Inc. are to be believed, a high-net-worth-navigation app called Waze is likely to be acquired for an astounding $1 billion. Waze is a free-to-use navigation tool for mobile devices and popular in more than 193 countries.
Nissan Motor Co. surprised with it net profit growth of staggering 46.1 percent for the fourth quarter. But the fact is that the Japan’s carmaker did not show off its annual profit which was simply plane, compared to its home rivals. Certainly, the weakening yen significantly helped Nissan Motor Co. and other Japan’s companies enjoy stronger performance.
Tesla Motors Inc., the electric car manufacturer, has finally broken even, seeing surprisingly encouraging profits for the first quarter of 2013. This definitely has beaten expectations of poor sales which were widely expected.
It seems that Toyota Motor Corp. is on its track to full recovery as in the fiscal year ended March 2013 it saw its net profit triple on a year-on-year basis. Even though the Japan’s biggest carmaker enjoyed quite satisfying results, the company has decided to stick to its low-risk growth plan. Even optimistic estimates, which show that it will see its profit jump to the highest level in six years in the ongoing year, were not able to change the conservative and rigid plans of the company.
In what most consider as better days for the US auto industry, most major manufacturers, with a few exceptions, posted sale volumes they had not seen in more than 20 years, growing by nearly 27 percent growth over last years’ figures. The upward trend was largely seen in the large pickup trucks and in SUV segments across leading manufacturers.