Category: News Site

Ampere founder Hemalatha may exit company next year

“Right now we are not producing at peak capacity but with the GST cut if demand goes up we will expand and go in for a second plant,’’ said Annamalai. Chennai: Ampere founder Hemalatha Annamalai, may exit e-vehicle maker in a year depending on how things pan out. “After the end of next year, both… Continue reading Ampere founder Hemalatha may exit company next year

Tesla Model 3 Orders In Germany Stable At Over 700 In July

Official data hints at stable demand for the Tesla Model 3 in Germany, although sales are actually irregular, with peaks at the end of quarters Demand for the Tesla Model 3 in Germany seems to stabilize at over 700 per month, basedsing on the number of subsidy applications to the German government. Industry analyst Matthias… Continue reading Tesla Model 3 Orders In Germany Stable At Over 700 In July

Honda first-quarter operating profit drops 16% on lower U.S. car sales

A man is reflected on a window at Honda Motor’s showroom in Tokyo, Japan, May 13, 2016. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Japan’s Honda Motor Co (7267.T) reported a 16% drop in first-quarter operating profit on Friday, as a stronger yen weighed on overseas earnings and U.S. vehicle sales dropped. Japan’s No.3 automaker posted… Continue reading Honda first-quarter operating profit drops 16% on lower U.S. car sales

Trump hits China with more tariffs, says Xi moving too slowly on trade

By Andrea Shalal and Alexandra Alper WASHINGTON (Reuters) – U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets. The announcement on Thursday extends Trump’s trade tariffs to nearly all… Continue reading Trump hits China with more tariffs, says Xi moving too slowly on trade

Porsche has 30,000 reservations for the Taycan, its sleek-looking Tesla rival. Here’s what we know about the car.

Porsche has received 30,000 reservations for the electric Taycan sports car, Porsche human-resources manager Andreas Haffner recently told the German publication Handelsblatt. “There are 30,000 orders for the Taycan,” she said. Read more: Tesla needs to redesign the Model S sedan — here are 9 changes I’d like to see Handelsblatt reported that the reservations… Continue reading Porsche has 30,000 reservations for the Taycan, its sleek-looking Tesla rival. Here’s what we know about the car.

What is ‘Ultra Cruise’? GM teases mysterious autonomous technology to investors

Last year, General Motors filed a trademark for something called “Ultra Cruise.” The company has never explained what Ultra Cruise is, but it would seem to be a reference to the auto giant’s well-regarded advanced driver assist system, Super Cruise. Today, we got some more details courtesy of GM CEO Mary Barra — but not… Continue reading What is ‘Ultra Cruise’? GM teases mysterious autonomous technology to investors

Audi unveils cheaper e-tron electric SUV with smaller battery pack

Audi unveiled today a cheaper version of its e-tron electric SUV with a smaller battery pack and slower charging, but this version of the vehicle is not coming to the North American market. The current version of the e-tron, called e-tron 55, comes with a 95 kWh battery pack for a 204-mile EPA-rated range. The… Continue reading Audi unveils cheaper e-tron electric SUV with smaller battery pack

Vice President’s Comments About Workhorse Securing Funds To Buy GM Plant Premature

View photos Neither Trump, in his May 8 tweet, nor Pence, in comments during a visit to Ohio on Tuesday, July 30, got the details right. GM is exclusively negotiating a sale of the plant to a group led by Workhorse founder Steve Burns. But Burns, who stepped down as CEO of Workhorse in February,… Continue reading Vice President’s Comments About Workhorse Securing Funds To Buy GM Plant Premature