Come 2011, Tesla Motors will stop building its Tesla Roadster electric-car. Hidden deep within its Securities and Exchange Commission documents filed ahead of its IPO announcement, Tesla said that production of the Roadster and the Roadster Sport will stop next year – however, a replacement is due out in 2013. What’s the reason? Well, apparently [...]
Around ten months after the Tata Nano”s launch, Tata has booked 206,703 sales and has delivered some 17,000 units. According to some research done by Christian Science Motor, some 70 percent of bookings came from nonmetro areas. The publication gives an example of Satish Kumar, a rural farmer who doesn’t really need a car but [...]
California start-up electric car manufacturer Tesla Motors has filed an IPO of up to $100 million. The Tesla IPO marks the first time since 1956 that an American auto maker has offered an IPO, when Henry Ford first offered shares of FoMoCo. No pricing details were released, nor an exact time of debut. The offering [...]
Joining GM and Ford, Chrysler and Hyundai confirmed today that they will also offer Toyota customers an incentive on trade-ins. Chrysler said that it will offer a $1,000 trade-in bonus cash for current Toyota Tundra, Tacoma and Sienna owners on a lease or purchase of any new Chrysler, Jeep, Dodge or Ram vehicle. The bonus cash [...]
Finally, time for some good news from Toyota. At the 2010 Tokyo Auto Salon, Toyota showed a range of sporty looking, performance enhanced special-edition models with a G logo, most notably the Toyota FT-86 G Sports Concept. According to Straightline, the concept models hint at a feature sub-brand from Toyota that it will gradually roll [...]
According to a senior BMW authority out of Munich, the BMW Vision EfficientDynamics plug-in hybrid 2+2 concept is headed for production – no ifs, ands or buts. Unsurprisingly, reaction to the concept has been off the charts at its auto show debuts around the world. An executive source told Inside Line that BMW is debating [...]
Not surprisingly, Toyota Motor Corp.”s stock price fell amidst their recent massive recall that affected over 5 million vehicles. The stock has dropped a total 15 percent in 8 days amidst concerns that Toyota’s reputation for quality may be permanently tarnished. Toyota’s “reputation for long-term quality is finished,” said Maryann Keller, senior adviser at Casesa [...]
In his first public comment on the massive recall surrounding Toyota, President and CEO Akio Toyoda apologized to his customers for causing them so much worry. “I am deeply sorry,” said Toyoda in a brief interview with the Japanese network NHK. Toyoda was seen leaving the interview in a black Audi. “Truly we think of [...]
Joining Toyota in its recall woes, Honda has recalled 646,000 units of its Fit, Jazz and City models globally over a faulty window switch after a child died when fire broke out in a car last year. The recall consists of 140,000 units in the United States and covers other areas including South America, Europe, South [...]
Earlier this week we saw the first images of Ken Block’s Monster World Rally Team Ford Fiesta. Later this weekend, the car will make its first race debut at Rally America Sno*Drift in Atlanta, Michigan. Ken and the Monster World Rally Team will campaign 7 rally events in North America in 2010 for Ford, including [...]
