Auto industry 28 results

Renault Makes Big Push Toward Electric Vehicle Manufacturing

The French automotive manufacturer, Renault, announced last Friday (10/6/17) that half of its vehicle models will be electric or hybrid by 2022. The company also plans to invest heavily in “Robo-Vehicles” that have varying levels of autonomous functions. The strategic plan they released on Friday shows the goal is to boost annual revenue to €70 billion ($82.2 billion) in the next five years ...

Tesla’s Model 3 Production Misses Initial Q3 Predictions

Tesla Inc. missed the ambitious third quarter production predictions for the Model 3 sedan. This left many customers, investors and analysts worried that the automotive manufacturer won’t be able to meet any of their future targets for the electric car. The company reported that it delivered 220 Model 3 vehicles in the quarter. A total of 260 Model 3s have been produced at their factory in ...

Elon Musk Reassures Investors After Model 3 Production Concerns

Electric car manufacturer, Tesla, is facing some challenges introducing its first consumer level vehicle to the market. However Tesla CEO Elon Musk, reassured investors on Wednesday that his company was able to meet the increasing demand for the groundbreaking car. Musk started by saying that the company may experience some fluctuations in the rate of production, but no one should be concerned ...

First ‘All-Electric’ Aston Martin: Future of Automotive Manufacturing

Aston Martin is the latest car company to jump on the Electric Vehicle (EV) trend and it could mean big things for the future of EV’s. Production of the RapidE has been confirmed by the manufacturer and will be the brands first all-electric model. Williams Advanced Engineering will take point as lead engineering partner and the design will be based on the Rapide AMR. Production is expected to ...

General Motors has Big Plans for American Manufacturing

With the current administration pushing to bring manufacturing jobs back to the U.S., many manufacturers are embracing the concept and started reshoring many of their factory jobs. Some of the biggest companies bringing back American jobs are those in the automotive industry. This trend continues with General Motors who announced last week that they would be bringing back 600 jobs to the United ...

Kitty Hawk Flyer: Making Science Fiction a Reality

If you looked over Clear Lake in Silicon Valley recently, a strange sight was there to greet you. A man riding a flying vehicle was making his way across the lake which is located only 100 miles from San Francisco. Developed by a company known as, Kitty Hawk, this flying car looks like something right out of a science-fiction movie. Featuring a single seat and weighing in at 220 pounds, the ...

Tesla’s Electric Semi: Musk’s Plan to Disrupt Another Industry

Tesla CEO, Elon Musk jumped on Twitter on Thursday, April 13th to unveil the company's plan to release an electric semi truck. Although the official reveal isn’t until September, Musk sounded optimistic about the upcoming project saying “Team has done an amazing job. Seriously next level.” While the CEO’s positive attitude is a good sign, many in the trucking industry are skeptical of the ...

Apple Ready To Make Their Debut In The World of Automotives

The automotive industry is transforming almost as fast as the manufacturers tasked with assembling the vehicles. From self-driving cars to electric vehicles, no one is sure what the future will hold for the industry. One thing is certain, there will be more automotive manufacturers making their way to the industry. The next company to make their debut into the world of automotive technology and ...

Toyota: Investing in the Future of American Manufacturing

Toyota announced today that it will be investing more than $1.3 billion in its expansive plant in Georgetown, Kentucky. This factory, where the iconic Camry is built, is their largest operation across the globe and the money will be going toward a massive retooling effort to expedite vehicle manufacturing. None of the money is going toward new jobs but Toyota said that this is the largest ...

David vs. Goliath: Tesla Overtakes Ford

The automotive industry has a David versus Goliath story on their hands. One gave us the birth of the assembly line and the other has yet to make a profit. Tesla just overtook Ford Motor Company in terms of stock market value and the world doesn’t know what to think. Valued at $48.7 billion, Elon Musk’s innovative electric car company beat out Ford's $46 billion empire. News broke on ...