Some 12 years and one month ago, Tesla CEO Elon Musk delivered the firm’s first electric vehicle… to himself. Fast-forward to today, and electric vehicle are sprouting from automakers the world over — including the “legacy” automakers Teslaphiles so often deride as out of touch.
On Monday, the company that opened the floodgates for EV proliferation marked a production milestone once thought of as inconceivable: its millionth car. (Read More…)
Thanks to low fuel prices, American motorists drove a record 720.1 billion miles during the first quarter of 2015.
Fuji Heavy Industries announced it would increase production at its Lafayette, Ind. plant as Subaru hits its North American sales target five years early.
General Motors announced Thursday it would fall short of its goal of having 500,000 electrified vehicles on the road by 2017.
In celebration of a key milestone, General Motors CEO Mary Barra gave away a 2016 Chevrolet Malibu Monday, a feat that could never happen with the old Malibu, even with Oprah’s help.
Japan’s ambition to have 100 hydrogen fueling stations by next March may fall short of reality now that the deadline to apply for subsidies has passed.
It’s official: Subaru of America has moved 500,000 units in a single year for the first time.
Want to know how to get a good chunk of the Detroit 3, no money down? Easy: Today, Fiat increased its ownership of Chrysler from 20 percent to 25 percent. What did they pay for it? Niente. Fiat received the extra shares “upon the Company’s achievement of the first of three performance-related milestones,” as a Chrysler Group LLC press release proclaims. And what is that milestone? They started making an engine. (Read More…)
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