Category: Automotive

You can no longer buy a $35,000 Tesla Model 3 — the price just went up (TSLA)

Tesla has raised the price of its least-expensive Model 3 sedan from $35,000 to $35,400, CNN reported. The electric-car maker did not immediately respond to Business Insider’s request for comment about the change. While the reported price increase is relatively small, Tesla had touted the Model 3’s $35,000 entry-level price before it started taking reservations… Continue reading You can no longer buy a $35,000 Tesla Model 3 — the price just went up (TSLA)

UPDATE 1-Ford to build more Lincolns for Chinese market locally -CFO

FILE PHOTO: A Lincoln car with self-driving equipment developed by Ford and Baidu is seen at a product launching event in Shanghai, China April 3, 2019. REUTERS/Yilei Sun/File Photo (Reuters) – Ford Motor Co plans to start production of new luxury Lincoln models in China for that market as they are launched, starting with the… Continue reading UPDATE 1-Ford to build more Lincolns for Chinese market locally -CFO

Toyoda Gosei Invests in IMUZAK Inc., a Startup Specializing in Optics

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has invested in IMUZAK Inc., a startup located in Yamagata Prefecture, Japan, with strengths in optical design and assessment, to accelerate its development of interior and exterior modules for the age of autonomous driving. The evolution of autonomous driving technology is expected to increase the need for parts equipped… Continue reading Toyoda Gosei Invests in IMUZAK Inc., a Startup Specializing in Optics

Quanergy Achieves Compliance with Important Automotive Standards

SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart sensing solutions, today announced that, based on certification body audits, it has reached compliance with the automotive standard IATF 16949:2016 and the required automotive core tools and product standards. With this compliance, Quanergy has shown its readiness to… Continue reading Quanergy Achieves Compliance with Important Automotive Standards

Ford to build more Lincolns for Chinese market locally -CFO

May 15 (Reuters) – Ford Motor Co plans to start production of new luxury Lincoln models in China for that market as they are launched, starting with the new Corsair later this year, to benefit from lower costs and avoid the risk of tariffs, a top executive said on Monday. “It’s a huge, huge opportunity… Continue reading Ford to build more Lincolns for Chinese market locally -CFO

Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh

YOKOHAMA (Reuters) – Nissan Motor Co forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years and underscoring its struggle to turn the page after former Chairman Carlos Ghosn was ousted. The lackluster outlook from Japan’s No.2 automaker – hit by Ghosn’s arrest last year… Continue reading Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh

Ford Motor Company Issues Two Recalls in North America

DEARBORN, Mich., May 15, 2019 – Ford Motor Company is issuing two safety recalls in North America. Details are as follows: Safety recall for select 2019 Ranger trucks for transmission shift cable bracket fastener Ford is issuing a safety recall for select 2019 Ranger vehicles. On some affected vehicles, the two fasteners that secure the… Continue reading Ford Motor Company Issues Two Recalls in North America