Auto industry 53 results

Tesla Sets Record For Quarterly Deliveries

Tesla stock rose 7% in after-hours trading on Tuesday following their announcement that the electric vehicle manufacturer set a sales record for this quarter. Tesla delivered 77,550 of their Model 3 sedans. Industry analysts had predicted an average estimate of 73,144 according to Institutional Brokers' Estimate System (IBES)  data supplied by Refinitiv, a global provider of financial markets ...

Tesla Looking Into Manufacturing Its Own Batteries

The electric car manufacturer, Tesla, is looking into taking control of another essential part of their supply chain. This research is being done in a secret lab near its Fremont, California headquarters according to a report from CNBC. As of now, the company relies on Panasonic to produce the battery pack and cells that are in Tesla made vehicles, which is probably one of the most significant ...

National Highway Traffic Safety Administration Expands Their Airbag Failure Investigation

Automotive Safety regulators in the U.S. have expanded their investigation into malfunctioning airbag controls to include an additional 12.3 million vehicles due to the devices not inflating properly. This issue may have led to 8 separate incidents that resulted in fatalities. Vehicles manufactured by Toyota, Honda, Kia, Hyundai, Mitsubishi, and Fiat Chrysler between 2010 and 2019 have been ...

Take a look inside “the machine that builds the machine”

Designed from the ground up to reimagine everything about how a factory works and push the limits of the men and women who build it, Tesla’s Gigafactory, located in Sparks, Nevada has earned the nickname “the machine that builds the machine,” from Tesla founder Elon Musk. The roof of the factory alone is a marvel of green energy engineering. It’s the largest rooftop solar array on the ...

Ford Doubles Down On Electric Cars

For the second time in the last six months, Ford has increased its stake in an electric future. In a press release on Thursday, Ford announced that it would be “expanding its [battery electric vehicle] manufacturing footprint to its Flat Rock Assembly Plant in southeast Michigan. It will become the production home to vehicles from the company’s next-generation battery electric flexible ...

Tesla’s Latest Acquisition Proves That In The Electric Car Wars, Batteries Will Decide The Winner

Behold the ultracapacitor - the energy storage technology that charges and discharges very quickly, works in all temperatures, has a long service life and serves as the critical bridge between electrolytic capacitors and rechargeable batteries. A unique twist on the ultracapacitor by Maxwell Technologies caught the attention of Tesla's engineers and last month the electric car giant bought the ...

Fiat Chrysler To Invest $4.5 Billion In Michigan

For the first time in a very, very long time a new auto assembly plant will be built in Detroit, a city that has seen more than its share of hard times. Fiat Chrysler America announced last week that they would be converting and expanding their Mack Avenue Engine factory to a full-fledged car factory to build their next-generation Jeep Grand Cherokee as well as a yet-to-be-named large SUV. The ...

Shakeup Continues at GM With Announcement of New President

General Motors announced in a press release this morning that Mark Reuss, former executive vice president for global product development will become GM’s president, effective immediately. In his new role, Reuss will not only run the Cadillac division, but also the Global Product Group and the quality team. Mr. Reuss is no stranger to the top spot at GM as his father, Lloyd Reuss, was president ...

Battery Manufacturer To Open New Plant In Georgia

SK Innovation, a developer and manufacturer of lithium-ion batteries for hybrid electric vehicles, have announced their plans for a new manufacturing facility in Jackson County, Georgia. The batteries manufactured at the new facility will produce batteries for both Mercedes-Benz and Hyundai-Kia Motors hybrid-electric vehicles. The new plant will be built at a total cost of $1.67 billion and be ...