On a per-share basis, the Duluth, Georgia-based company said it had net income of $2.18. Earnings, adjusted for pretax expenses, were $2.21 per share. The results surpassed Wall Street expectations. The ...
New Delhi, Oct 23 (IANS) Automobile major Hyundai Motor India (HMIL) on Tuesday launched 'the all new Santro' with an introductory price starting at Rs 3.89 lakh.
A growing number of auto dealers around the country is seeing a noticeable drop in retail sales and customer traffic, raising the possibility that a long-anticipated slowdown in auto sales has arrived.
Dyson Ltd., famous for making vacuum cleaners, picked Singapore to manufacture its first electric car, pushing ahead with plans to challenge Tesla Inc. in the hottest sector of the automotive market.
The 500lb gorilla here is, of course, BMW's all-new 3-series being launched this autumn. Sure, not everyone wants a propellor badge on the bonnet and there is certainly a cadre of folk still mourning the loss of Saab, but this doesn't necessarily make up a business case for a non-German saloon
Tesla CEO Elon Musk touted on Twitter a way customers can essentially get a three-day test drive of one of the company's electric cars. Musk was responding to a tweet by CoverGirl model James Charles, who doesn't meet Tesla's age requirement to test drive one of its cars. Consumers worried
Electric “e-scooter” operators Bird (BIRD) and Lime, and manufacturers Xiaomi and Segway, are facing a new California class action claiming that the companies are responsible for personal injuries and property damage. Nine named plaintiffs in the Los Angeles County case filed Friday say the electronic
Government grants for new low-emission cars have been cut at an earlier date than originally proposed because of an unprecedented spike in demand. The amount of money available for purely electric vehicles has been reduced, while hybrid models are no longer eligible for the grant scheme. When the Department
A summary of key trends and developments that could impact financial results of Europe's leading carmakers.
Chinese electric-car marker Nio is not a Tesla "killer" according to Berenberg. Right now, Nio is dominating China's market, while Tesla only has around 15% of group sales from China, Berenberg analyst Alexander Haissl said. Tesla's Model X has more than double miles of Environment
At the assembly plant of China’s leading electric carmaker, BYD, in the southern city of Shenzhen – and under the watchful gaze of a giant Transformer statue made of car parts – an electric car rolls off the production line every 90 seconds. While US maker Tesla often grabs the headlines (though not