Category: News Site

UPDATE 5-Tesla shares drop on price cut, disappointing Model 3 deliveries

(Reuters) – Shares in Tesla Inc (TSLA.O) dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market Model 3 sedan. FILE PHOTO: Rows of new… Continue reading UPDATE 5-Tesla shares drop on price cut, disappointing Model 3 deliveries

UPDATE 1-GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout – source

FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state, Mexico November 25, 2017. REUTERS/Daniel Becerril WASHINGTON (Reuters) – General Motors Co (GM.N) hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out… Continue reading UPDATE 1-GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout – source

GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source

FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state, Mexico November 25, 2017. REUTERS/Daniel Becerril WASHINGTON (Reuters) – General Motors Co (GM.N) hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out… Continue reading GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source

Tesla cuts vehicle prices by $2,000 to offset shrinking EV tax credit

Tesla knocked $2,000 off of the prices of its cars in the US on Wednesday to help offset a recent reduction of the federal electric vehicle tax credit. The automaker also announced initial delivery and production numbers for the fourth quarter of 2018, showing that the frenzied pace it carried through most of the year… Continue reading Tesla cuts vehicle prices by $2,000 to offset shrinking EV tax credit

Brazil auto sales up 13.6 pct in 2018 – source

SAO PAULO, Jan 2 (Reuters) – Auto sales in Brazil went up 13.6 percent in 2018 from the previous year, a source with knowledge of the matter told Reuters. Sales totaled 2.47 million, in line with the national automakers’ association expectation of 2.46 million units. In December, sales were up 9.5 percent from the same… Continue reading Brazil auto sales up 13.6 pct in 2018 – source

Tesla shares dive after Model 3 delivery falls short of estimates, cuts prices

FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo (Reuters) – Tesla Inc (TSLA.O) shares sank 8 percent on Wednesday after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and… Continue reading Tesla shares dive after Model 3 delivery falls short of estimates, cuts prices

UPDATE 1-Norway’s electric cars zip to new record: almost a third of all sales

Electric cars are parked in Oslo, Norway January 1, 2019. Picture taken January 1, 2019. REUTERS/Alister Doyle OSLO (Reuters) – Almost a third of new cars sold in Norway last year were pure electric, a new world record as the country strives to end sales of fossil-fueled vehicles by 2025. In a bid to cut… Continue reading UPDATE 1-Norway’s electric cars zip to new record: almost a third of all sales

Google’s Soli mini-radar gesture controls for phones, cars just got more accurate

Google has gained a waiver from the Federal Communications Commission (FCC) to operate its radar-based Soli sensors at higher power levels than currently allowed and to use them on airplanes.   Featured stories Google’s Soli ‘field-disturbance sensors’ promise a new way of interacting with devices by using fine finger gestures, allowing users to control virtual… Continue reading Google’s Soli mini-radar gesture controls for phones, cars just got more accurate

Tencent co-invests $29m in automobile news provider Youche Yihou

January 2, 2019 China’s biggest social media and gaming company Tencent has co-invested RMB200 million ($29.07 million) in automobile news and information provider Youche Yihou, China Money Network reported. Other investors in the new round include China’s venture capital firm Plum Ventures, Ningbo Xinmei Asset Management Co., Shenzhen Oriental Fortune Capital Co. and Blueprint Innovation… Continue reading Tencent co-invests $29m in automobile news provider Youche Yihou