Tesla CEO Elon Musk announced the final details of the dual-motor, all-wheel drive version of the Model 3 over the weekend, including a top-of-the-line variant that is more expensive than a base-level Model S or X. While we’ve known for a long time that these were coming, this is the most clarity Tesla’s offered yet… Continue reading Tesla needs to sell more expensive Model 3s so the company doesn’t ‘die,’ Musk says
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Lyft may be getting into the electric scooter game
Mike Blake / Reuters Lyft seems to be eyeing a move into the electric scooter craze — the company is considering applying for a permit to run a service in San Francisco, The Information reported, and it’s in the early stages of working on prototypes. Some companies like Bird, Lime and Spin already have scooters… Continue reading Lyft may be getting into the electric scooter game
Chinese bike-sharing giant Mobike is making big plans for India
You’d be forgiven for thinking that Chinese bike-sharing startup Mobike, which was recently acquired in a $3 billion deal, was already present in India. The company went on an aggressive global expansion spree in 2017; India wasn’t on the radar then, but that’ll soon be rectified with a launch expected in early June. Mobike has bold… Continue reading Chinese bike-sharing giant Mobike is making big plans for India
Fiat Chrysler recalling 51K Jeep Cherokees because of fire risk
Fiat Chrysler Automobiles is recalling certain 2018 Jeep Cherokee SUVs because of a fire risk. (Photo: FCA US LLC) Fiat Chrysler Automobiles is recalling more than 51,000 of its 2018 Jeep Cherokees because of a fire risk. The company said it is unaware of any accidents or injuries related to the defect, involving fuel-supply tubes that… Continue reading Fiat Chrysler recalling 51K Jeep Cherokees because of fire risk
Canadian entrepreneur buys 10% of McLaren Group for almost £204m
Michael Latifi, a Canadian businessman, has become McLaren Group’s third-largest shareholder, investing almost £204 million in return for a 10% stake. Latifi’s company Nidala Limited now owns one tenth of McLaren Automotive, McLaren Racing and McLaren Applied Technologies, with the only larger shareholders being the Bahrain Mumtalakat Holding Company and Mansour Ojjeh’s TAG Group. McLaren… Continue reading Canadian entrepreneur buys 10% of McLaren Group for almost £204m
Aston Martin growth spurt continues with £43m profit in Q1
Aston Martin has announced pre-tax profits of £43.7 million in the first quarter of 2018, leading to the British marque being named “the world’s fastest growing auto brand” by consultancy firm, Brand Finance. The profit rise has been largely credited to the recently launched DB11 V8 Coupe and Volante models along with early interest in… Continue reading Aston Martin growth spurt continues with £43m profit in Q1
Aston Martin gears up for more growth ahead of possible flotation
LONDON (Reuters) – Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches. FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva,… Continue reading Aston Martin gears up for more growth ahead of possible flotation
Germany’s ADAC Creates Lease Deal For BMW i3
1 M BY MARK KANE ADAC, the 100+ years old General German Automobile Club with more than 20 million members, is going to promote electrification by securing special deals from automakers. The first attractive lease deal in Germany apparently was hammered with BMW so ADAC’s members can now get the i3 from €383.14 ($457) a… Continue reading Germany’s ADAC Creates Lease Deal For BMW i3
Volkswagen selects Cubic Telecom as the technology enabler on the Touareg model
Cubic Telecom announced that Volkswagen AG selected Cubic as the technology enabler on the Touareg model for its connected car experience. Touted as the most connected Volkswagen model ever, Cubic Telecom’s embedded technology manages data delivery throughout Europe to enable Car-Net® online services which are integrated with the Touareg’s new infotainment system “Innovision Cockpit”. Services… Continue reading Volkswagen selects Cubic Telecom as the technology enabler on the Touareg model
Laird launches fully integrated connected car platform
Laird announced that it is launching a fully integrated and scalable module for secure mobile connectivity and automotive ethernet for reliable internet use inside and outside the vehicle. Laird MAX (Modular Automotive Connectivity Solution), brings together communications technologies, characterized by flexibility, scalability, an open software concept, a Linux-based security module, and Laird’s integrated antenna system. MAX… Continue reading Laird launches fully integrated connected car platform