Automotive

Shifting To A New Strategy, Tesla Applied Dealership In Michigan Selling Cars Directly To Customers

After a long time fighting from getting approvals to sell it cars directly to customers in Michigan, Tesla finally shifts its strategy. The electric automaker company has applied for "Class A" dealership license, and has to wait for one month or two before hearing the decision.


CarGlass Inc, Car Digital Media Service Provider Landed a $3 Million Seed Funding

Provider of drivers' digital media, CarGlass Inc received a $3 million seed funding from two investors. The company focuses on providing digital media content to drivers safely and intelligently.

Japanese automaker Toyota reportedly to cease production

Toyota Motor Corp is reported to cease production at its local plants in early February due to the shortage of steel. The halt in production may affect the company's aim to create 4.13 million cars in Japan in 2016.

Ford Q4 earnings beat analyst forecast

Ford Motor said its fourth-quarter earnings beat Wall Street analysts' expectations and reiterated 2016 pre-tax profit forecast to be identical to or greater than the previous year.


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Association of British Insurance (ABI) will lead the newly created Automated Driving Insurance Group. The group is established to discuss issues regarding driverless car.
Toyota Motor is seriously contemplating a buyout of Daihatsu Motor Co., which would give the company direct access to Daihatsu’s 660 cc mini vehicles. This investment would fetch Toyota great returns in the emerging markets and also enable leveraging of the low-cost production model that has long been Daihatsu’s competitive advantage.
New Mexico has become the first US state to sue the German automaker, Volkswagen, for breaching the Clean Air Act with huge levels of emissions as well as for trade malpractices. The allegation is the company sold as many as 4000-10000 faulty models whose nitrogen-oxide emissions exceeded the limits by 40%, which could cost VW almost $20 billion in fines.
BMW becomes the first car to integrate a unique free feature into its vehicles, the IFTTT (If This Then That) services. This feature provides its customers with a host of personalized services through a newly built platform called BMW Labs. The customers are now able to automatically open garage doors while pulling into the driveway. They can send auto-alerts to spouse upon picking up kids from school, and even get the exact location of the parking spot in a Google Maps link.
The Japanese car maker again previewed its S-FR concept, first introduced on October last year. The new model has seen some changes and improvements compared to last year's. It is believed that the production will start this year and the affordable sports car would be available in the global markets.
Ford Motor has announced on Monday that they would be exiting the Japanese and Indonesian markets by the end of this year as the governments are running a very "closed" market, protecting domestic sales over the international ones. The automaker has been unable to increase their sales or sustain profits under such circumstances. They said that the employees have already been informed and they would be providing detailed explanations regarding post-sale services like servicing and providing new car parts to its customers very soon.
The statement came from Baidu's senior vice president Wang Jing. He believes that Baidu has some advantage over other car makers, especially local knowledge. The company has already invested a lot in the development of AI, that could help the development of autonomous cars.
Tesla cars sale fell below analyst expectation and its inability to roll out the Model X as promised lead J.P. Morgan analyst to reduce its profit projection for the fourth-quarter.
The Miata hasn’t witnessed the best presentation through the years. Mazda has represented MX-5 generation Miata in the Tokyo Auto Salon 2016. The uproar from the audience indicates that the Miata generation now claims due status in the sports car segment. The new widened Miata has absorbed inspirations from a lot of tuning cultures and thus proclaimed as the largest road racers in the US.
Hinrich J. Woebcken, a former BMW executive, has been appointed by emission scandal-hit Volkswagen to oversee business operations in the US, Canada and Mexico. Woebcken will assume charge from 1 April 2016. Audi and Porsche brand don't come under Woebcken's area of operations. However, Volkswagen has retained Michael Horn as CEO of Volkswagen Group America Inc. The emission-scandal hit Volkswagen has been facing regulatory investigations in the US.
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