Automotive News
Autonomous Cars Race Narrows on Doubts about Clear Path to Profit
Automobile giants BMW and Daimler are considered to be the world’s renowned luxury automobile manufacturers and have recently announced that they are joining an alliance with different suppliers. According to sources, both BMW and Daimler have made these mergers in order take advantage of a larger pool of resources in order to develop a self-driving […]
AMG to Launch New 53 Line
There is no doubt that Mercedes vehicles are the personification of class and sophistication, every new series has a certain refined design that sets it apart from all of its competitors and when it comes to high performance, nothing can compare to the iconic Mercedes. Every one of their vehicles somehow manages to pay tribute […]
1180-hp Ariel electric sports car is real, goes on sale in 2020
Concept cars have always been the most widely anticipated vehicles to ever enter the market. These cars provide everyone with a glimpse into the future and are renowned for taking the automobile industry to a whole different level. Now it seems that car fanatics all around the world can rejoice as Ariel has recently announced […]
Volvo To Go All Electric Within Two Years
On Wednesday, July 5, Volvo, the Swedish automaker, revealed that it will go all electric within two years. Every car that Volvo launches after 2019 will have an electric motor. The announcement was made by Håkan Samuelsson, the president and chief executive of Volvo. This paves the way for a new chapter in automotive history […]
VW Exec Finally Plead Guilty For Emissions Cheating Looking Ahead to Up To 169 Years Prison Sentence!
Volkswagen is currently feeling the wrath of the media as people cannot stop talking about the fact that one of Volkswagen’s executive has been arrested. Schmidt is one of the six executives at Volkswagen and was arrested on January 7th on the basis of federal conspiracy charges, till date Schmidt is currently behind bars as […]
Excess Emissions Prove Costly as Fiat Chrysler is sued by the United States Government
On Tuesday, May 23, the United States Department of Justice sued Fiat Chrysler for cheating on diesel emissions tests. The U.S government has alleged that Fiat used a combination of software and defeat devices to trick officials into thinking that its 3.0-liter eco-diesel engines are eco-friendly. According to the civil lawsuit filed by the U.S […]
GM No Longer Number 1: Tesla is Now the Most Valuable U.S Automaker
In terms of market capitalization, Tesla is now bigger than General Motors, which makes it the most valuable U.S automaker. For much of 2017, Tesla’s stock has been on fire, resulting in the California based carmaker surpassing GM, the American multinational corporation, in terms of market value. In 2016, Tesla sold roughly 76,000 cars. In […]
Emissions Fraud Lands Volkswagen A $2.8 Billion Fine
Tampering with diesel-powered vehicles to cheat on government emissions tests has landed Volkswagen, the German automaker, a $2.8 billion fine. During a hearing in Detroit federal court on Friday, April 21, Judge Sean Cox sentenced Volkswagen, a little over a month after the automaker pleaded guilty to criminal charges arising from emissions cheating. Whether you’re […]
Weak Sales Send O’Reilly’s Shares Plunging
On Wednesday, July 5th, O’Reilly Automotive’s shares plummeted by 20 percent after the auto parts retailer headquartered in Springfield, Missouri, reported weaker than expected same-store-sales-growth. This was due to the fact that same-store sales of the aftermarket car-parts chain missed its forecast for the second quarter. In addition to O’Reilly, peers AutoZone Inc. and Advance […]
Parking Brake Issue Leads to Tesla Voluntarily Recalling 53,000 Model S and Model X Vehicles
On the Morning of Thursday, April 20th, Tesla announced that it was voluntarily recalling 53000 Model S and Model X SUVs. Built between February and October 2016, the Model S and Model X vehicles were recalled after they developed a parking brake issue. Affecting all 53000 Model S and Model X vehicles, the issue prevented […]