Ford Motor Company (NYSE:F) revealed the latest version of its GT supercar on Monday at the 2015 North American International Auto Show in Detroit, showing car aficionados the successor to the Ford GT that the U.S. automaker made way back in 2005 to 2006. The new supercar shows the company’s confidence in the reviving auto…
General Motors Company (GM) Expects Flattening of U.S. Auto Market but Optimistic for Growth
General Motors Company (NYSE:GM) CEO Mary Barra said in a meeting with reporters Thursday that she is expecting the U.S. auto market to flatten out this year. She noted, however, that a combination of falling oil prices and strong economy should fuel demand. According to Barra, GM is expecting sales in the U.S. to be…
Tesla Motors Inc (TSLA) To Manufacture Half Million Cars by 2020
Tesla Motors Inc (NASDAQ:TSLA) will have the capacity to manufacture half a million cars by the year 2020, according to a statement made by Joe Taylor, Chairman and CEO of Panasonic Corporation (ADR), at the Consumer Electronics Show held at Las Vegas. Taylor is hinting at the $5 billion Gigafactory as a determining factor that…
Tesla Motors Inc (TSLA) Relaunch Roadster With Over 400 Miles Range Capacity
Tesla Motors Inc (NASDAQ:TSLA) announced in a press release that owners of its all electric Roadster vehicle is about to benefit from upgrades in the new Roadster 3.0 package that combines improvements in battery packs, aerodynamics, and rolling resistance expected to give about 40-50 percent range improvements of over 400 miles (644 kilometers) per charge.…
Ford Motor Company (F) Heeds U.S. Regulator for Additional Takata Driver-Side Air Bag Recall
Ford Motor Company (NYSE:F) announced on Thursday that it will implement an additional recall of old Mustang cars with defective Takata driver-side air bags with inflators in accordance with a directive from the U.S. National Highway Traffic Safety Administration. A total of 502,500 vehicles will be covered by the expanded recall. Although Ford Motor Company…
General Motors Company (GM) To Pay Additional Compensation Claims for Defective Ignition Switch
General Motors Company (NYSE:GM), through its Ignition Compensation Claims Resolution Facility, have received 64 additional compensation claims as of Monday this week, according to Kenneth Feinberg, the lawyer hired by GM to administer the facility. Latest data shows death claims related to GM’s faulty ignition switch rising to 251, while the number of injury claims…
Ford Motor Company (F) Favors BlackBerry Ltd (BBRY) Over Microsoft Corporation (MSFT) for Sync 3, Ditches MyFord Touch
Ford Motor Company (NYSE:F) is rolling out an all new Sync 3 next fall. With the new in-car connectivity platform performing more like a smartphone, Ford is hoping that consumers concerns with past two versions will be sufficiently addressed and satisfaction ratings will rise. According to Reuters, the most recent version of the interactive touch-screen…
General Motors Company (GM) Recalls More Vehicles Amidst Safety Concerns
General Motors Company (NYSE:GM) is now recalling its new mid-sized pickup trucks in USA and Canada. These 2400 vehicles were manufactured between February and October this year. 2283 of these were sold in USA and 149 in Canada. The vehicles are, specifically, the newly introduced 2015 Chevrolet Colorado and GMC Canyon pickups. All this has…
General Motors Company (GM) Approves Another Death Claim Under Ignition Switch Program
General Motors Company (NYSE:GM) has approved one more death claim under its ignition-switch compensation program, raising to 36 the total number of such claims for this week, up from 35 cases the previous week. The company has established the GM Ignition Compensation Claims Resolution Facility to compensate for injuries or fatalities resulting from accidents due…
General Motors Company (GM) Use Social Media, Online Games, and Cash Gift to Entice Car Owners for Repairs
General Motors Company (NYSE:GM) is finding it difficult to entice car owners to avail of repairs at dealerships after the car maker has issued a series of recall, the latest of which is on account of faulty ignition switches. GM reports that it has readied the materials needed to replace ignition switches of approximately 1.96…