Aimed explicitly at the Tesla Model 3, and looking like it has its scope calibrated well enough to score a direct hit, the new Polestar 2 has just dropped. Following on the heels of the stunning but much more exclusive Polestar 1, the 2 promises a broader buyer base thanks to its more approachable price.… Continue reading The Polestar 2 EV Puts Tesla Model 3 on Notice
Category: Automotive
Tesla Cuts Seven Percent of Full-Time Workforce
Despite record sales last year and posting profitable quarters of late, Tesla is reducing its full-time employee headcount by seven percent. CEO Elon Musk made the announcement in an email to Tesla employees last Friday. Tesla’s headcount grew by 30 percent last year, which was more than the company can support, Musk said in the… Continue reading Tesla Cuts Seven Percent of Full-Time Workforce
Tesla Introduces Cheaper Model 3
So far, Tesla has rolled out two versions of the Model 3: the long-range battery and the Performance version. Right now, these models begin around $55,000-$65,000, a far cry from the $35,000 starting price Tesla originally promised for its small sedan. Tesla still hasn’t introduced the base Model 3, but at least now it’s bringing out… Continue reading Tesla Introduces Cheaper Model 3
Infiniti to quit Europe, end car manufacturing at Nissan’s Sunderland plant – Sunday Times Driving
NISSAN’S sister brand Infiniti is to end production of its cars at the Sunderland car plant and quit Western Europe as part of a global restructuring plan. The premium car maker says it will withdraw in order to focus on its “growth markets”, including North America and China. Normal operations will continue in Eastern Europe,… Continue reading Infiniti to quit Europe, end car manufacturing at Nissan’s Sunderland plant – Sunday Times Driving
Tesla Backtracks on Store Closures
Electric carmaker Tesla Inc backed off its plan to close all of its U.S. stores in a blog post and instead will raise prices of its high-end vehicles by about 3 percent on average, as it strives for profitability. The company said late Sunday that it would now be closing only about half as many… Continue reading Tesla Backtracks on Store Closures
Flight-hailing startup BlackBird raises $10 million to replace driving with flying
The origin story of BlackBird, a startup that links travelers to planes and commercial pilots through an app, didn’t begin with air travel. It was prompted by car sickness. BlackBird CEO and founder Rudd Davis, who was getting his pilot’s license at the time, asked his flight instructor if he would fly his family to… Continue reading Flight-hailing startup BlackBird raises $10 million to replace driving with flying
Uber’s self-driving car unit was burning $20 million a month
Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by 2022, according to court documents unsealed last week. To reach those ambitious goals, the ride-sharing company, which hopes to go public later this year, was spending $20 million a month on developing… Continue reading Uber’s self-driving car unit was burning $20 million a month
Mitsubishi to create bespoke truck from dealership designs
Mitsubishi Motors in the UK has launched a social media campaign in which it has tasked its dealership staff to design their own bespoke Mitsubishi L200, with the winning design being voted for on social media. Titled the Truck King Battle, the competition will see the final five creations posted across the Mitsubishi Motors in… Continue reading Mitsubishi to create bespoke truck from dealership designs
Tesla to keep more dealerships than previously planned
Tesla has gone back on its recent plan to close stores and move to an online sales model only in a bid to cut costs. This was coupled with the announcement that Tesla will need to raise vehicle prices by about 3% on average worldwide. A company release stated: “Over the past two weeks we… Continue reading Tesla to keep more dealerships than previously planned
Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe
Volkswagen Group CEO Herbert Diess said a no-deal Brexit might mean the automaker’s UK-based Bentley brand would need to plan new investments in other countries. Asked in an interview with German broadcaster n-tv whether VW would relocate Bentley production if there was a hard Brexit, Diess said that would not be possible on a larger… Continue reading Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe