Category: News Site

Tesla ends ‘Spartan diet’ and seeks $2.3 billion to fund expansion

(Reuters) – Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product lines. Tesla’s plan to issue shares and convertible debt comes after the company repeatedly… Continue reading Tesla ends ‘Spartan diet’ and seeks $2.3 billion to fund expansion

GM considers investing $1 billion in its Missouri plant, state officials say

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio WASHINGTON (Reuters) – General Motors Co is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday. Missouri Governor Mike Parson… Continue reading GM considers investing $1 billion in its Missouri plant, state officials say

Hyundai Ioniq Electric Gets Boosted Range, Stronger Motor, New Look

Automaker’s original electric gets a boost in power and range to keep up with rivals. Hyundai has given its Ioniq Electric some attention – and arguably not a moment too soon. An updated Ioniq range of hybrid and plug-in hybrid models, along with the Electric, were announced Thursday in a bid to give it some… Continue reading Hyundai Ioniq Electric Gets Boosted Range, Stronger Motor, New Look

Part Of Sweden’s Saab Lives On In Jaguar I-Pace Electric – InsideEVs

In the bankruptcy ashes of the long-suffering Swedish car brand rose the electric part Jaguar needed. About a year after General Motors unloaded Saab to the tiny Spyker Cars consortium in 2010, the company showed the PhoeniX concept car. A preview of a replacement for the 9-3 line, the PhoeniX had some ideas that were… Continue reading Part Of Sweden’s Saab Lives On In Jaguar I-Pace Electric – InsideEVs

Dealer profitability rises 4.4% in March to £118,000

220119 Trust Ford Edgware. Generic shots The average dealer saw profits rise 4.4% to £118,000 in March compared to the same period last year. Dealer profitability specialist ASE said the performance was “very creditable” and underlined the resilience of UK motor retailing. “To improve profits whilst consumers and businesses were faced with the massive Brexit… Continue reading Dealer profitability rises 4.4% in March to £118,000

Pendragon to sell two JLR dealerships in California for £60m

Pendragon has struck deals to sell off two Jaguar Land Rover dealerships in California for £60m as part of its strategy announced two years to pull out of the US. The group has sold Mission Viejo to Lithia Motors for £29m in cash and Newport Beach for £31m. Lithia Auto had previously bought Pendragon’s Aston… Continue reading Pendragon to sell two JLR dealerships in California for £60m

EV Connect launches EV charging station certification program

EV Connect, a company that provides cloud-based software for managing charging networks, has launched a certification program for EV charging station manufacturers. The EV Charge Station (EVCS) Certification Program allows manufacturers to remotely self-certify and complete most of the steps required for certification. The EVCS Certification Program ensures hardware compliance with the Open Charge Point… Continue reading EV Connect launches EV charging station certification program

CORRECTED-OFFICIAL-Tesla to reduce solar panel prices by up to 16 percent – NYT

(New York Times corrects the difference in price between the Tesla panels and the national average to 16 percent from 38 percent) April 30 (Reuters) – Tesla Inc plans to announce that it has begun selling solar panels and related equipment for up to 16 percent below the national average price, the New York Times… Continue reading CORRECTED-OFFICIAL-Tesla to reduce solar panel prices by up to 16 percent – NYT

CK Holdings acquires Magneti Marelli from FCA

NEW DELHI: CK Holdings on Thursday announced the completion of its previously announced acquisition of Magneti Marelli S.p.A.from Fiat Chrysler Automobiles N.V. The combined business will operate under the entity “Magneti Marelli CK Holdings Co., Ltd.” The completion of the transaction is a key milestone in creating a leading global independent automotive supplier. This transaction,… Continue reading CK Holdings acquires Magneti Marelli from FCA