cars

GM first to test self driving cars in New York City

GM first to test self driving cars in New York City

New York Governor, Andrew Cuomo, announced on Monday that General Motors Co. (NYSE: GM) and Cruise Automation, GM’s self driving subsidiary division, are applying to begin the first stages of testing fully autonomous vehicles in New York City ..

Hundreds of Tesla Employees Fired

Hundreds of Tesla Employees Fired

Tesla Inc (NASDAQ: TSLA) Model 3 electric car is off to a rocky start, it seems, with the company having to fire hundreds of employees recently. It appears that the manufacturing of the Model 3 is not going on at the pace that would be desirabl..

Volkswagen to Launch Online Sales

Volkswagen to Launch Online Sales

On Tuesday, Volkswagen AG (OTC: VLKAY) announced plans to reduce the size of their European dealer network and wants to launch online sales as they adjust to changing consumer buying habits. The company is looking to cut costs across all 12 brands f..

China May Relax Rules on Foreign Auto Makers, Helping Tesla

China May Relax Rules on Foreign Auto Makers, Helping Tesla

China is considering relaxing rules requiring foreign auto makers to have a local partner, according to a report by the Wall Street Journal. The change in rules will be considered a major victory for Tesla Inc (NASDAQ: TSLA), which will be able manu..

Baidu Inc Announced $1.52 Billion Autonomous Driving Fund

Baidu Inc Announced $1.52 Billion Autonomous Driving Fund

On Thursday, Baidu Inc (NASDAQ: BIDU), the Chinese search engine, announced $1.52 billion autonomous driving fund over the next three years. This move is part of its plan to accelerate its technical development and compete with U.S. rivals such as G..

Volvo Releases First Compact SUV

Volvo Releases First Compact SUV

On Thursday, Volvo launched their first compact SUV, model XC40 hoping to top the success of their larger XC90 and best selling XC60 models which have driven their fourth straight year of record sales. The new XC40 will be produced at the company&rs..

Tesla Wirelessly Upgrades Florida Residents Vehicles’ Range to escape Irma

Tesla Wirelessly Upgrades Florida Residents Vehicles’ Range to escape Irma

In wake of the hurricane Irma, millions of South Florida residents evacuated the region causing traffic jams on major highway routes out of the state. Drivers with gas powered cars faced hours of waiting and elevated prices for gas due to hurricane ..