Tesla secures $40 million in financing
Tesla Motors Inc. said today that its board had approved $40 million in convertible debt financing to push ahead with stepped-up manufacturing of its battery-powered Roadster sports car.
Read moreTesla Motors Inc. said today that its board had approved $40 million in convertible debt financing to push ahead with stepped-up manufacturing of its battery-powered Roadster sports car.
Read moreDespite the abrupt cancellation last month of a venture to produce nearly 700,000 dual-clutch gearboxes a year with Chrysler and the global collapse in auto sales, transmission specialist Getrag expects to continue growing.
Read moreGoodyear has announced third quarter net income of just US$31m against a figure of US$668m in 2007. But it’s not as bad as it looks. Last year’s third quarter was distorted by the US$517m proceeds of a divestiture; the comparable figure last year is US$159m (an 80% drop).
Read moreVolkswagen plans to establish a largely self-sufficient sales company for its crucial German home market. VW Group CEO Martin Winterkorn wants to provide the German sales unit with more room to maneuver entrepreneurially.
Read moreChrysler owner Cerberus Capital Management now favours a merger with GM and has stopped talking to the Renault-Nissan Alliance.
Read moreProduction at the new Hyundai plant in Nosovice, Czech Republic, will start this Monday, five months ahead of schedule.
Read moreProduction at the new Hyundai plant in Nosovice, Czech Republic, will start this Monday, five months ahead of schedule.
Read moreTata Motors has said its INR4.147bn rights issue to part-finance the purchase of British brands Jaguar and Land Rover was fully subscribed with promoters picking up significant amounts of the stake.
Read moreTata Motors has seen a 20% fall in vehicle sales in October this year compared to the same month last year, according to local reports.
Read moreData released by Spanish automotive trade association ANFAC shows that Spain’s car market recorded sales of just 77,660 units in October, a year-on-year decline of 40%.
Read moreGermany has finally put forward plans for a new CO2-linked ownership tax.
Read moreThe German metalworkers pay tariff dispute is escalating with tens of thousands of workers due to strike today as part of a series of so-called warning strikes where workers down tools for an hour or so at a time.
Read moreBMW has shut down production lines at its plants in Munich, Regensburg and Dingolfing for five days this week.
Read moreHyundai-Kia Automotive, Microsoft and Korea’s Institute for Information Technology Advancement (IITA) have opened an IT centre to jointly develop IT products and services for the automotive industry.
Read moreMaruti Suzuki passenger car sales declined 8.3% year on year in October to 58,515 units.
Read moreNew car sales in Spain and France fell steeply compared with the same period a year ago. In Spain, new-car sales fell 40 percent in October, car manufacturers’ association ANFAC said on Monday. French new passenger car sales fell 7.
Read moreNew-car sales in Spain, Germany and France fell steeply last month compared with the same period a year ago. In Spain, new-car sales fell 40 percent in October, the country’s car manufacturers’ association ANFAC said. French new-car sales fell 7.
Read moreFord’s new Ka will go on sale in January replacing the venerable and popular original which was launched in 1996.
Read moreBugster runs on electric power.
Read moreThe tectonic plates have shifted. The U.S. Automotive Order, little changed for the last two decades, has suddenly been upended. No longer insulated from the high fuel prices that afflict so much of the world, America needs a drastically different national motor pool, and we need it now. luckily, the fun, frugal, small cars that we crave already exist overseas, and they’re headed our way. But we couldn’t wait for them to arrive before sliding behind the wheel, So we’ve brought you early reports on nine of yhe most promising cars coming to America. The news is good. To their makers, we say, “Step On It!”
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