Autos

Warning About Mercedes Sales Could Foreshadow Problems for US Car Companies

Posted: June 21, 2018 at 6:25 am

Daimler, the company that owns Mercedes-Benz, has forecast that car and van sales likely will be hurt by the potential global trade war. Given that the global distribution of General ...
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2018’s 5 Best (and 5 Worst) Cars for Initial Quality

Posted: June 20, 2018 at 10:50 am

Initial quality for new cars purchased rose for a fourth consecutive year in 2018 to an all-time industry-average high of 93. Three South Korean automakers topped the latest list as ...
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Can Volkswagen Help Save Ford?

Posted: June 20, 2018 at 6:30 am

Ford Motor Co. (NYSE: F) has been heavily criticized for its product mix, its plans to reinvent the company for the self-driving and electric car future, and its modest presence ...
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Tesla Short Sellers Sitting on $14 Billion Bomb That’s Ready to ‘Explode’

Posted: June 18, 2018 at 10:05 am

As of the end of May, short sellers held nearly 31% of the outstanding float of Tesla Inc. (NASDAQ: TSLA), a total of just over 39 million shares. That is ...
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Audi CEO Arrested in Diesel Emissions Scandal

Posted: June 18, 2018 at 8:10 am

The Volkswagen diesel emissions cheating scandal revealed in the fall of 2015 added its latest villain early Monday morning when Audi CEO Rupert Stadler was arrested. Prosecutors in Munich said ...
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European Auto Sales Rise Slightly in May; Fiat Chrysler Hammers Ford

Posted: June 15, 2018 at 9:47 am

The European Automobile Manufacturers Association (ACEA) reported Thursday that new vehicle registrations in the European Union (EU) rose just 0.8% in May compared with new registrations in May 2017. New ...
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10 Best Bargains on Almost-New Cars

Posted: June 14, 2018 at 11:54 am

When you drive a new car off the dealer's lot that car just lost up to 20% of its value. What gets left behind, at a minimum, is the dealer's ...
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Elon Musk Buys Over 72,000 Shares of Tesla

Posted: June 13, 2018 at 5:51 pm

Over the course of June 12 and June 13, Elon Muck bought just  over 72,000 shares of Tesla (NASDAQ: TSLA) each priced between $342,775 per share to $347,001. The purchase ...
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Tesla Reorg: Aligning Profit and Vision

Posted: June 13, 2018 at 1:37 pm

By Gene Munster of Loup Ventures Today, Tesla gave details on its previously announced company reorganization. The 9% workforce cut was more than the 5% reduction we were expecting. We ...
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One Thing Tesla Doesn’t Have To Worry About: Chevy Bolt Sales

Posted: June 13, 2018 at 9:49 am

General Motors Co. (NYSE: GM) sold about 26,000 of its all-electric Chevy Bolt sedan last year, the first full year of the car's availability. In the first quarter of this ...
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Are Tesla Layoffs Over?

Posted: June 13, 2018 at 7:23 am

Tesla (NASDAQ: TSLA) laid off 9% of its workforce. CEO Elon Musk said the 3,500 or so jobs did not affect employees producing the company's cars, particularly the anticipated but ...
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Tesla to Slash 9% of Employees, None from Production

Posted: June 12, 2018 at 3:12 pm

  In an email to employees dated Tuesday, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk announced that the company has decided to fire 9% of it current staff, "almost entirely ...
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Cost of Trump Tariffs: At Least 1 Million Car Sales Annually

Posted: June 12, 2018 at 1:41 pm

If President Donald Trump follows through on his threatened 25% tariff on automobile imports, the U.S. vehicle industry may lose a minimum of 1 million car sales a year. That's ...
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Industry Safety Group Hammers Jeep and Explorer on Safety

Posted: June 12, 2018 at 8:03 am

Two of the best-selling SUVs in the U.S. have been hammered for safety deficiencies by one of the most widely respected car testing organizations. The Insurance Institute for Highway Safety ...
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Tesla to Offer First ‘Full Self-Driving Features’ in August

Posted: June 11, 2018 at 12:02 pm

The next version of Tesla Inc.'s (NASDAQ: TSLA) Autopilot software scheduled to be released in August includes "full self-driving features," according to company CEO Elon Musk. Version 9 is the ...
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