vehicles

Hyundai Issues Recall and Engine Software Update

Hyundai Issues Recall and Engine Software Update

In addition to two previous engine recalls, Hyundai released a third communication on Wednesday, recalling approximately 100,000 vehicles. Recalls of the Hyundai Sonata model years 2011-2014 and Santa Fe Sport model years 2013-2014 are being conduct..

Volkswagen To Invest USD 800 Million In Electric Vehicles

Volkswagen To Invest USD 800 Million In Electric Vehicles

Volkswagen Group (OTCMKTS: VWAGY) announced on Monday that the Company will invest USD 800 Million into a manufacturing base for electric vehicles. The Company’s North American base will be located in Chattanooga, Tennessee. This undertak..

Volkswagen Delivered 10.8 Million Vehicles in 2018

Volkswagen Delivered 10.8 Million Vehicles in 2018

Volkswagen Group’s deliveries rose 0.9% to a record 10.83 million last year, according to the German company, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest vehicle manufacturer.Rivals Toyot..

Tesla Faces Another Criminal Probe Over Model 3 Production Numbers

Tesla Faces Another Criminal Probe Over Model 3 Production Numbers

The FBI is reviewing Tesla Inc.’s (NASDAQ: TSLA) Model 3 production numbers as part of an ongoing criminal probe into whether the Company misled investors.On Wednesday, Tesla reported record quarterly profit as increased output of its Model 3s..

Ford Recalls 2 Million F-150 For Seat Belt Issue

Ford Recalls 2 Million F-150 For Seat Belt Issue

Ford Motor Company (NYSE: F) on Thursday announced plans to recall approximately 2 Million select 2015-2018 Ford F-150 in North America to address seat belt pretensioners.The Michigan-based auto maker said it was aware of 17 reports of smoke or fire..

Cost to Insure Tesla’s Debt Increases

Cost to Insure Tesla’s Debt Increases

The amount investors are required to pay to assure their debt holdings in Tesla Inc. (NASDAQ: TSLA) against declining credit quality increased on Monday, to its second-highest price ever, meaning the Company is at a greater risk of default.On Friday..