Elon Musk, the CEO of Tesla Inc (NASDAQ:TSLA), recently revealed that his company will increase the price of the Autopilot feature on their cars to $8,000, marking an increment of $1,000. The company currently charges $7,000 for the autonomous driving feature, but interestingly, the feature seems to be becoming more expensive. This is no surprise […]
Automobile
Elon Musk’s Tesla Inc (NASDAQ:TSLA) Could Move out of a California County amid Tussle with Health Officials
Tesla Inc (NASDAQ: TSLA) could move out of Alameda County if its CEO, Elon Musk, has his way. In a number of tweets on May 9, 2020, Musk expressed his frustration with the shelter-in-place ordinance of Alameda County. According to Musk, the measures put in place by the Alameda County Public Health Department (ACPHD) are […]
Ford Motor Co. (NYSE:F) And General Motors Co. (NYSE:GM) Report Sales Growth In China Through Ventures
It seems the largest auto market in the world is starting to recovers from the effects of the COVID-19 pandemic after Ford Motor Company’s (NYSE:F) two joint ventures reported growth in YoY sales in April. Ford Sales growth in China through a joint venture Chongqing Changan Automobile Ltd, which is the company’s main joint venture, […]
Ford Motor (NYSE:F) Compelled To Delay The Unveiling Of Its Autonomous Vehicle Service
Ford Motor (NYSE:F) won’t unveil its autonomous vehicle service as had been planned earlier on. Reports indicate that the business guru will postpone the launch until 2022. It is for the same reason that has paralyzed many operations in other businesses, the COVID-19 pandemic. The deadly virus was for the first time reported in China, […]
Airon Corp Licenses Design Of Ventilators To GE Healthcare, A Subsidiary Of General Electric Company (NYSE:GE) For Bulk Production
Airon Corp has licensed its design of ventilators to GE Healthcare, a subsidiary of General Electric Company (NYSE:GE). In 100 days, GE healthcare will produce 50,000 ventilators in alliance with Ford Motor Company (NYSE:F). The requirement of ventilators surges significantly The need for ventilators has significantly increased worldwide because the coronavirus has infected 1.85 million […]
Jim Baumbick Of Ford Motor Company (NYSE:F) Partners With Airon Corp And General Electric Company (NYSE:GE) To Produce Compressed Oxygen Operated Ventilators
Jim Baumbick, Vice President (Enterprise Product Line Management) of Ford Motor Company (NYSE:F) said Airon Corp and General Electric Company (NYSE:GE) to manufacture 50,000 ventilators in their fight against the COVID-19 pandemic. The three companies are the first responders to help the patients at this difficult juncture. New Ventilators in just 100 days Jim while […]
Fiat Chrysler Automobile (NYSE:FCAU) Secures $3.8 Billion Credit Facility To Help It Through The COVID-19 Epidemic
Fiat Chrysler Automobile (NYSE:FCAU) has announced a $3.8 billion credit facility to help it manage through the coronavirus epidemic that has forced it to close most of its operations across the globe. Fiat Chrysler receives short term credit facility On Thursday, the automaker indicated that the amount from the credit facility will be available for […]
Fiat Chrysler Automobiles NV (NYSE:FCAU), General Motors Company (NYSE:GM), And Ford Motor Company (NYSE:F) Decides To Shutdown Plants On Fears Of COVID-19
The big three automakers – Fiat Chrysler Automobiles NV (NYSE:FCAU), General Motors Company (NYSE:GM), and Ford Motor Company (NYSE:F) decides to shut down their plants on fears of COVID-19 pandemic and on growing pressure from United Auto Workers (UAW) Union. A Sudden change in the decision On the night of Tuesday, the three large automakers […]
General Motors (NYSE:GM) Turns To Battery Development In A Bid To Compete With Tesla Inc (NASDAQ:TSLA)
General Motors (NYSE:GM) was quite impressed after managing to make an adjusted net income amounting to $50 billion. These are financial results for the past five years. Matters seem different for Tesla Inc (NASDAQ:TSLA), which incurred a loss of about $5 billion. On a good day, one would expect investors to opt for GM, but […]
General Motors (NYSE:GM) Unveils An Electric Car Battery Staging Completion To Tesla Inc (NASDAQ:TSLA) Product
Tesla Inc (NASDAQ:TSLA) needs to watch General Motors (NYSE:GM) closely! That is considering the momentum the business guru has been showcasing lately. It is clear now that GM is challenging Tesla in its game. The development of its latest electric vehicle battery is a cause for alarm for the rival. It is a battery said […]
Jim Farley Expresses Determination To Move Ford Motor (NYSE:F) To The Pinnacle
The CEO of Ford Motor (NYSE:F) Jim Farley, has lately been seen to reflect on the humble beginnings of the company. The official seems quite carried away by his grandfather, who contributed a great deal to the company in the 20th century. He thinks about his roots and confesses that they greatly inspire him to […]
Tesla Inc (NASDAQ:TSLA) Reports Revenues Of $7.38 Billion In Q4 2019: Tesla Will Build and Commence Vehicle Production In Berlin by End 2021
Tesla Inc (NASDAQ:TSLA) has reported impressive revenues of $7.38 billion in Q4 2019. Its shares posted impressive gains of 11% on Wednesday after beating the Wall-Street expectations. The company posted profits in two consecutive quarters in 2019. Tesla will focus on improving the capacity of batteries production in cost-effectively. Its stock trades at $580.99 at […]
General Motors Company (NYSE:GM) Announce $3 Billion Investment For Production Of Electric Trucks
General Motors Company (NYSE:GM) has announced a $3 billion investment for the production of a range of all-electric pickup trucks and SUVs and also autonomous vehicles unveiled by Cruise. GM to produce electric trucks Out of the total investment, the company is putting $2.2 billion to its Detroit-Hamtramck plant for the development of electric vehicles. […]
Toyota Recalls Over 700,00o Toyota and Lexus Vehicles Because of A faulty Fuel Pump
Toyota has announced a recall of almost 700,000 Toyota and Lexus cars in the US regarding issues to do with fuel pumps. The recall affects vehicle models manufactured after 2018 that are likely to increase the chances of a crash. Toyota to recall vehicles because of issues with the fuel pump The company indicated that […]
Ford Motors Company’s (NYSE:F) Report 26.1% Decline In 2019’s Vehicle Sales in China
Ford Motors Company’s (NYSE:F) China sales declined last year by 26.1% from the previous year as the company continues to struggle with prolonged overall sales in the Chinese market. The decline in market demand has affected the mass market for the company’s brand and sports utility cars. Ford Sold 567,854 cars in china in 2019 […]
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