The new CEO of Ford Motor Company (NYSE:F), Jim Farley, is committed to rolling out economical cars for everyone. He said the main urgency is to reduce costs, improve quality, and restructure underperforming businesses to turnaround the automotive operations. A break to the rising prices of cars Farley will introduce several operational changes and introduce […]
Automobile
FBI Arrests A Russian National – Kriuchkov On Charges Of A Plot To Install A Malware On The Internal Network Of Tesla Inc (NASDAQ:TSLA) By Luring An Employee
The FBI agents nabbed Egor Igorevich Kriuchkov, a Russian national, to flee the nation from Los Angeles. Kriuchkov expects to face a prison term of up to 5 years if he is found guilty in the plot to install malware on the internal network of Tesla Inc (NASDAQ:TSLA). On vacation in the US Kriuchkov, who […]
Ford Motor Company (NYSE:F) Buyers Can Test The 2021 F-150 Buyers Through A AR Experience
Ford Motor Company (NYSE:F) has launched new features to allow potential buyers to explore the new F-150 through their phones or tablets through AR experience. The vehicle maker is doing away with dealership experience in the new business model. But even before the coronavirus pandemic, car dealers were not so popular among car buyers. It […]
Tesla Inc (NASDAQ:TSLA) Urges Owners To Help Push For Allowing Charging Payment By kWh
Tesla Inc (NASDAQ:TSLA) is pushing owners in Canada to help push for a new pricing model. The automaker is pushing to be allowed to charge their vehicles by kWh. The company plans to make similar pushes in countries where authorities only charge per minute as opposed to the total energy. There are several markets where […]
Ford Motor Co.’s (NYSE:F) YoY Q2 2020 Sales In China Rebound By 3% As COVID-19 Restrictions Ease
Ford Motor Co. (NYSE:F) car sales in China grew 3% in the June quarter compared to the same quarter a year ago due to strong demand following the easing of coronavirus pandemic restriction. Ford reports a 78.7% sequential growth in sales in China For the US automaker, this will be the first time in almost […]
Marry Barra Of General Motors Company (NYSE:GM) Expects To Run Plants At Full Capacity To Produce Popular Vehicles Soon To Realize Profits In China And Other Nations
CEO of General Motors Company (NYSE:GM) plans to operate all the plants to manufacture EV and derive handsome profits mainly in China because she expects a pickup in demand. She anticipates a recovery in demand for new vehicles despite ongoing coronavirus crisis. Low inventory Several auto plants are closed during coronavirus crisis for two months, […]
General Motors Company (NYSE:GM) Is Making An Electric Van Giving A Nod To The EV Trend
General Motors Company (NYSE:GM) is reportedly working on an electric van that is targeted towards the business community and will be ideal for delivery services. The announcement about the American automobile manufacturer’s decision to launch an electric van highlights the growing interest in EVs by traditional automobile manufacturers. It also means more competition for Tesla […]
Tesla CEO Elon Musk Calls For Breaking Up Amazon.com Inc. (NASDAQ:AMZN) After Censoring COVID-19 Book
On Thursday, Tesla Inc. (NASDAQ:TSLA) CEO, Elon Musk launched an attack on Amazon.com Inc. (NASDAQ:AMZN) calling for its breakup. This comes after Amazon censored Alex Berenson’s e-book about the wisdom behind the COVID-19 lockdowns. Musk calls out Amazon for censoring COVID-19 book In a Tweet, Musk said, “this is insane,” tagging Amazon CEO Jeff Bezos. […]
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk Reveals Price Increment For Autopilot
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 […]
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 […]
