Although lagging slightly behind rivals, the company has earmarked a record $6.84 billion for R&D purposes and has acknowledged that producing smart cars is central to its survival as a car manufacturing company. Honda Motor Co has now spelled out its autonomous vehicle development strategy with which it will take on rivals for the first…
While Ford sold 6.7 million cars in 2016 to get its net worth, Tesla sold less than 80,000 cars in the same period. In a landmark development for Tesla, Bloomberg has reported that the luxury carmaker’s value has surpassed Ford’s. While Ford Motors is currently valued at about $45.1 billion, Tesla is valued at $47.8…
It has entered into a joint venture with a Chinese company to design and manufacture the SP:01, an electric sports car, by 2017, bring out an electric SUV by 2018 and another model by 2020. Do you remember the American auto manufacturer Detroit Electric which, way back in 2013, vowed to make exciting electric sports…
General Motor has quietly stopped producing the Spark EV since the summer of 2016. Why would consumers stick to an older model when the upgraded version offers a distinctly superior technology? General Motors has apparently read our thoughts. The auto manufacturer has confirmed to Detroit News that following the arrival of the Chevy Bolt it has…
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