Tesla Motors has filed to offer 2.1m shares to raise over US$500. The company said the proceeds will be used to expand the company's retail operations, charging network and energy storage business as well as to develop the gigafactory (batteries) and the future Model 3 car.
News
14 Aug, 2015
The new 2015 Mercedes C-Class Coupe has finally been revealed, and we've got all the details & exclusive pics
Is it far fetched to suggest that Honda might eventually withdraw from the European market? That would be the worst possible scenario but where is the vision to prevent such a humiliation for this company, a global giant which keeps failing in EU markets?
Renault says at least 1,500 of its vehicles have been destroyed in the colossal series of explosions which tore through the port of Tianjin last night (12 August).
Toyota Motor's Indonesian distributor, Toyota Astra Motor, began selling the new version of its best-selling Avanza model this week, ahead of next week's Indonesian International Auto Show.
Nissan is to use production capacity in Japan to make its Qashqai SUV for the North American market. The move improves capacity utilisation in Japan and takes advantage of the weaker yen.
BASF says with the polyurethane foam system Elastoflex E fromit, is possible for the first time to mass-produce an exterior car part featuring a honeycomb sandwich structure with a class-A film.
BASF has inaugurated its new resin and electrocoat plant at the Shanghai Chemical Industry Park (SCIP) in Shanghai.
Ford says that a new knee airbag design fitted on the Mustang creates more room for front seat passengers. The company claims that the new airbag, integrated within the glove box lid instead of the instrument panel, is an industry first.
Tesla Motors plans to raise about $500 million through the sale of 2.1 million shares. CEO Elon Musk has indicated an interest in buying nearly 84,000 shares for about $20 million in the offering, the company said today.
News
13 Aug, 2015
Fledgling 'Origine R.S.' meet sees Renaultsport models and historic Alpine racers at Goodwood Motor Circuit on August 22nd
Novelis says it has developed its Advanz 7000-series of high-strength alloys designed for safety-critical components of vehicle structures
Johnson Electric is to acquire the Stackpole International group of companies for US$608m.
Hyundai says it has postponed its plan to export Creta from India by a few months as it strives to meet stronger than expected local demand.
MAN Truck & Bus says it is currently introducing the new generation of advanced emergency braking system with sensor fusion (EBA emergency brake assist) and the emergency stop signal (ESS).
Australia's Medical Association (AMA) and the Australasian New Car Assessment Programme (ANCAP) have joined forces to lobby governments and car industry leaders to embrace new technology - starting with Autonomous Emergency Braking (AEB) - and make it standard in all new vehicles.
Xu Jianyi, the former chairman of China's FAW Group Corp., which makes cars with VW Group, Toyota and GM, has been expelled from the ruling Communist Party, an anti-graft agency said on Thursday.
Features
13 Aug, 2015
The Hot Rod Hayride is a celebration of fifties music and cars that has helped to spark big interest in the hot rod scene
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