General Motors is recalling almost 800,000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup across the world as the models could lose power steering, as per documents made public Friday. The largest U.S. automaker stated the 2014 model year trucks could suffer a temporary loss of electric power steering, specifically during low-speed turning maneuvers, the
Tesla Inc stated on Monday it plans to raise about $1.5 billion in a bond offering as the automaker looks to increase production of its newest electric sedan, the Model 3. The debt offering comes as the automaker gets thousands of advance bookings for the Model 3, which were balancing at about 1,800 daily due
Volkswagen is planning to loss-making startup Tesla for motivation on the best ways to enhance its core business, the Volkswagen’s chief executive Herbert Diess stated in an interview. Asked who the automaker’s main competitors are, Diess told an internal business publication: “In the old world it is Toyota, Hyundai, and the French automakers. In the
Tesla Inc reported quarterly earnings that doubled on Wednesday and a loss that was the automaker’s biggest ever, but its shares increased after revealing over 1,800 daily bookings for the Model 3 and forecasting increased Model S deliveries in the 2nd half of this year. Shares increased as much as 8 percent to $351.67 in
Billionaire financier David Einhorn, who has been harmed by his bet against Tesla Inc, stated on that the automaker is over-valued and that the business is not sufficiently capitalized. “The company is expected to burn more than $2 billion this year as it begins production of its Model 3,” Einhorn stated on a revenues call
Infineon will provide parts to Tesla’s upcoming mass-market Model 3, the German chipmaker stated, after being vanquished as initial provider by Franco-Italian competitor STMicroelectronics for the desired deal. Infineon, which provides chips to control the batteries and motors in eight from ten of the world’s leading selling electric vehicles, validated its parts would go into
It looks like the 2018 Ford Mustang GT wishes to raise a little hell on the track. Ford declares the new Mustang GT can strike 60 mph under 4 seconds in Drag Strip mode. A Porsche 911 Carrera loads a twin turbocharged flat-six rear engine that provides 370 horse power and 331 lb-ft of torque.
In November, Ford revealed the next generation of Fiesta subcompact, that made us excited about the anticipation of a brand-new version of Ford’s favorably vivacious supermini (and its amazing ST variation). And we are now getting to know that it is not coming to the USA. Ford’s economy hatch will no longer be offered in
The president of the United Auto Workers union stated last week the union is discussing with General Motors about the possible threat to plants and jobs from slumping U.S. vehicle sales. “We are speaking to the automaker right now about the products that they presently have” at underused car plants including Hamtramck in Michigan and
Like before, a Tesla has been involved in an accident, and we don’t think it will it be the last. One feature that takes place to accompany many of these mishaps is that autopilot, and it was reportedly engaged at some point prior to the occurrence of mishap. This specific accident does not stray from
Delays have afflicted the 2019 Ram 1500, but eventually, Fiat-Chrysler appears eager to keep the next-generation truck on arrangement. This is evidenced by the fact that one more 2019 Ram 1500 prototype has been caught testing. Spy shots reveal the new Ram 1500 concealed with lots of camouflage, but it’s not hard to inform this
After a long time, there’s an end rumored since 2015, however after 25 years, the Dodge Viper‘s death is nigh. Production of the $90,000 sports car is about to end. For that reason, FCA will be closing its Conner Assembly Plant on August 31. It is being reported that the Detroit plant will be closing.
The Dodge Challenger happened to outsell both the Ford Mustang and Chevrolet Camaro in June, becoming the best selling pony car in America for the first time in no less than 7 years. Overall, 6,605 Dodge Challengers were sold throughout June, to the Ford Mustang’s 6,186 sales and the Chevrolet Camaro’s 4,691 sales. Sales for
Noted for insuring classic cars and enthusiast automobiles, Hagerty will now offer its services to owners of the 2018 Dodge Challenger SRT Demon. The company will provide specific protection to the 3,000 U.S. and 300 Canadian clients who buy the 840-hp muscle vehicle. “We are living in the golden age of automotive performance, and the
Tesla Inc stated it is broadening its auto service centers and adding 350 mobile service vans as it gets ready to support its Model 3 sedan, a mass-market vehicle that is expected to drive a 500 percent boost in the electric vehicle business’s sales. A senior executive talking on behalf of the company informed Reuters