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 […]
Automobile
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 […]
Hyundai Mtr Co (OTCMKTS:HYMTF) To Build Air Taxis For Uber Technologies Inc (NYSE:UBER): Uber To Demonstrate Elevate In 2020
Hyundai Mtr Co (OTCMKTS:HYMTF) has joined hands with Uber Technologies Inc (NYSE:UBER) to make air taxis a reality. As per the terms of the accord, Hyundai will build air taxis for Uber that could run at a cruise speed of 180 miles per hour and cover a distance of 60 miles. S-A1 will debut at […]
Uber (NYSE:UBER) And Postmates Goes To Court To Block Controversial Gig-Worker Legislation
Uber Technologies (NYSE:UBER) and Postmates have filed a suit against the state of California regarding its controversial “gig worker” bill. Uber oppose gig worker law The controversial law reclassifies most contracts workers as employees instead of independent contractors. The law which targets app-based firms such as Uber and Lyft (NASDAQ: LYFT) requires the companies to […]
Tesla Inc (NASDAQ:TSLA) Announces The Delivery Of Its First China-made Cars
Tesla Inc (NASDAQ:TSLA) expresses confidence that it will perform extremely well in the largest electric vehicle market globally. The company has invested multiple billions in the establishment of a vehicle manufacturing plant in Shanghai. Today it announces a major milestone where it has handed over about 15 cars to its employees. These are Model 3 […]
Ford Motor Company (NYSE:F) Fulfills Its UAW Commitment And Invests $1.45 Billion To Manufacture SUVs And Electric Vehicles At Metro Detroit Plants
Ford Motor Company (NYSE:F) has fulfilled its commitments with UAW. The company will invest $1.45 billion in two plants at metro Detroit. Ford will manufacture autonomous, electric vehicles, Pickups, and SUVs at these new facilities. It will generate 3,000 jobs. The average annual wage for its employees will be equal to or over $61,047. Ford […]
Tesla Inc (NASDAQ:TSLA) Discloses Details About The Unveiling Of Its Cyberquad Electric ATV
Tesla Inc (NASDAQ:TSLA) seems quite reserved when it comes to revealing details about is Cyberquad electric ATV. However, this time around it has provided some estimates one the launch dates. According to the business guru, it will unveil its ATV almost at the same time with the Cybertruck. It says that the early adopter of […]
Ford Motors (NYSE:F) Challenges Tesla (NASDAQ:TSLA) To A Truck Towing Contest
Tesla (NASDAQ:TSLA) and Ford Motors (NYSE:F) have been challenging each other regarding their pickup truck. This comes after Tesla’s promotion video of its Cybertruck claimed that the truck could effortlessly pull Ford’s F-150 pickup truck. Ford challenges Tesla to apples to apples truck battle In the video, the Cybertruck is seen pulling the F-150 uphill […]
Ford Motor Company (NYSE:F) Optimistic That Mustang Mach E Will Revive It
Ford Motor Company (NYSE:F) has unveiled its Mustang Mach E electric vehicle, and investors are turning to it now. This is a massive development for the automaker. It seems quite impressed to be one of the companies motivating others to venture into the development of electric cars. Musk congratulates Ford Congratulatory messages are flowing in. […]
Ford Motor Company (NYSE:F) Receives Harsh Criticism From U.S President Donald Trump Quality And Emissions
Ford Motor Company (NYSE:F) was on the receiving end of a tweet sent out by President Donald Trump through which he criticized the automotive manufacturer for building expensive vehicles that are less safe. Trump weighed in on automotive companies on Wednesday through the Tweet, with a particular focus on Ford for failing to support his […]
Tesla Inc (NASDAQ:TSLA) Temporarily Suspends Its Model 3 Production Plant
Tesla Inc (NASDAQ:TSLA) announced recently that it’s temporarily closing its famous Model 3 assembly plant for about five days as part of the company’s strategy to update its automation and address its bottlenecks that cause delays in the production rates of Model 3 sedan. The affected employees have been advised to take the vacation days […]
Ford Motor Company (NYSE:F) Embraces Strong Performance With Its July Sales In China
Ford Motor Company’s (NYSE:F) sales have grown and particularly in China where there was a strong performance of up to 15% increase in July compared to the same time last year. This was occasioned by the sale of 88,189 vehicles. The company’s joint ventures also had its share of good performance. Changan Ford (CAF) and […]
Ford Motor Company (NYSE:F) Orders Safety Recall Of 830K Models With Faulty Side Door Latches
Ford Motor Company (NYSE:F) has announced on Thursday that it will be ordering the regional safety recall of about 830,000 units of 2013-15 Ford C-MAX, 2013-15 Ford Escape, 2012-15 Ford Focus, 2015 Ford Mustang and Lincoln MKC, ane 2014-2016 Ford Transit Connect in North America to replace their side door latches. Safety Issue The pawl […]
Ford Motor Company (NYSE:F) Signals A Pick In US Auto Demand
Ford Motor Company (NYSE:F) has reported that the July sales in US fell compared to the same month and time last year. The results for the Fiat Chrysler Automobiles NV (NYSE:FCAU) were weaker, and the same results also applied to Nissan. This is evident that the automobile demand in the US might be falling or […]
Ford Motor Company (NYSE:F) Falcon Ute Shuts Its Production Operations In Australia
Ford Motor Company (NYSE:F) will be closing its Australian doors by the end of 2016 having rolled out its last unit of a two-door coupe utility vehicle on July 29 in Melbourne. Hostile manufacturing costs, weak sales, as well as losses of AUD$141 million and AUD$290 million, are some of the quoted factors that are […]
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