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Automotive

UK new car sales fall – SMMT

British new car registrations fell by 6.7% on the year in October, dragged down by a 13% fall by individual buyers, an industry group said, blaming “economic and political uncertainty” as Britain prepares ... November 5, 2019 10:08 am By Meeta Ramnani

General Motors strike looms over U.S. October job gr...

The 40-day strike by members of the United Auto Workers union, which came as hiring was already slowing, could make it difficult to get a clear pulse on the labor market and clues on the health of consumers, t... November 1, 2019 2:08 pm By Meeta Ramnani

Tesla’s US Third-Quarter Sales Drop

Tesla Inc’s third-quarter revenue fell 39% in the United States, a regulatory filing showed on Tuesday. Sales in the country, the electric car maker’s biggest market, fell to $3.13 billion from $5.13 bi... October 29, 2019 2:42 pm By Meeta Ramnani

Hyundai Targets EV Sales of over Half a Million by 2...

South Korea’s Hyundai Motor pledged to boost sales of electric vehicles (EV) to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the t... October 24, 2019 1:16 pm By Meeta Ramnani

Tesla Shares Soar 21% as Surprise Profit Answers Ske...

Tesla Inc on Wednesday surprised investors with a quarterly profit that sent its shares soaring, as Chief Executive Elon Musk promised a 2020 rollout of a cheaper SUV and more self-driving technology to stay a... October 24, 2019 1:00 pm By Meeta Ramnani

REE Cooperates with Hino Motors to Showcase New Flat...

REE announced its cooperation with Hino Motors, a leading provider of commercial vehicles, and showcased its technology within Hino’s new FlatFormer modular concept model, a super-flexible chassis that opt... October 23, 2019 8:55 am By Meeta Ramnani

Nissan Alliance Will be Back on Track in 2020: Renau...

Renault Chairman Jean-Dominique Senard is determined to get the carmaker’s alliance with Japan’s Nissan back on track next year, he said on Tuesday, adding other matters such as a potential tie-up with Fia... October 22, 2019 1:29 pm By Meeta Ramnani

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