Toyota sells some of its Tesla shares

Toyota sells some of its Tesla shares

Toyota Motors invested $50 million in Tesla Motors back in May of 2010, shortly before the American automaker’s initial public offering. At the time, Toyota said that the investment would give it about a 2.5% stake in Tesla, but the size of its current stake is unclear. However, now it seems as though the Japanese automaker has sold some of these shares. Tesla’s shares closed at $235.39 on Thursday, up almost 2% and significantly higher than the IPO price of $17 per share back in June of 2010. The California-based … [Read More...]

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American car buyers consider fuel efficiency the most important factor

American car buyers consider fuel efficiency the most important factor

According to a new study that was conducted by market research firm Kelton Global on behalf of the American Chemistry Council (ACC), car owners in the United States rank fuel efficiency as the most important factor in their decision to purchase a new vehicle. More than 75% of Americans said that fuel efficiency is even [...]

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GM hit with a massive $10 billion lawsuit

GM hit with a massive $10 billion lawsuit

General Motors just can’t catch a break. Since the American automaker began its crusade of recalls, having recalled more than 27 million vehicles this year alone, it was only a matter of time before the lawsuits started rolling in. However, the company probably wasn’t prepared to face the $10 billion lawsuit that has been filed [...]

Gett wants to start a pricing war with Uber and Lyft

Gett wants to start a pricing war with Uber and Lyft

Gett is one of the newest entrants in the on-demand car-hailing startup market that has been exploding across the globe over the last few months. The company, which is known globally as GetTaxi, announced on Wednesday that it’ll now be paying drivers $0.70 per minute after tax and commission and will give drivers 100% of [...]

UK invests £11 million to put hydrogen vehicles on the road

UK invests £11 million to put hydrogen vehicles on the road

The arrival of hydrogen vehicles on roads in the United Kingdom is one step closer to reality thanks to £11 million ($17 million) in new funding to help develop the necessary infrastructure which was announced by Business Minister Matt Hancock earlier this week in an effort to establish the United Kingdom as a world leader [...]

Death toll for GM’s ignition switch defect rises to 27

Death toll for GM’s ignition switch defect rises to 27

The compensation program that General Motors launched in response to it the ignition switch debacle that began plaguing the American automaker earlier this year. General Motors has paid 27 of the 178 fatality claims so far, twice the initial figure, as well as 25 of the 1,193 injury claims, according to the updated totals from [...]

New Lotus CEO details his plans for how to save the brand

New Lotus CEO details his plans for how to save the brand

Newly appointed Lotus Cars CEO Jean-Marc Gales is well aware that things have been tough for the British automaker recently, but he says that there are a few things in pipeline that he hopes will change that, things such as a dramatically revised Lotus Evora for 2016 and what he claims will be the fastest [...]

Siri is more distracting than texting while driving

Siri is more distracting than texting while driving

Many companies are touting voice controls as a safer alternative to fumbling around with a touchscreen device. While it’s true that this technology makes it easier to keep your eyes on the road and your hands on the wheel, a new study from AAA shows that, in the case of Apple’s Siri, voice controls are [...]

GM is planning a massive platform overhaul to reduce complexity

GM is planning a massive platform overhaul to reduce complexity

General Motors CEO Mary Barra has decided to drastically modify the American automaker’s platform in the hopes to make things simpler and save billions in the process. In a decision that could be the defining element of Mrs. Barra’s legacy at the company, General Motors will begin shrinking from 26 global vehicle production platforms to [...]

Elon Musk teases “the D” announcement on Twitter

Elon Musk teases “the D” announcement on Twitter

Elon Musk teased his followers on Twitter yesterday with a cryptic message and graphic for an upcoming announcement from Tesla Motors, which is slated for October 9. He tweeted a photo showing an opening garage that reveals the front of Tesla emblazoned silver car, alongside a message saying: “About time to unveil the D and [...]

Magneti Marelli opens its first exhaust system plant in the US

Magneti Marelli opens its first exhaust system plant in the US

Magneti Marelli opened its first exhaust system manufacturing plant in the United States at Independence Township, Michigan.  It’s hoped that the new plant will strengthen the Italian manufacturer’s position in North America, adding to its competencies that include automotive lighting, powertrain, electronic systems, suspension systems, aftermarket, and motorsport. “The inauguration of the Independence Township plant [...]

New Mercedes GLB-Class could be coming in 2019

New Mercedes GLB-Class could be coming in 2019

According to recent reports, Mercedes-Benz is currently working on a smaller version of its G-Class SUV. The new 4×4 utility model will supposedly maintain the same boxish form that the current G-Wagen has, in stark contrast to the curvaceous GLA-Class crossover. The designers that are working on the car are allegedly working to blend the [...]