German manufacturer Volkswagen has presented its financial results for the third quarter. This is for the first time when one of the largest automaker in the world after the "diesel scandal" has declared its financial report.The operating loss of Volkswagen in the third quarter amounted to 3.48 billion euros against a profit of 3.23 billion euros in the same period last year. The index exceeded the forecasts of analysts, who had expected that it will be 3.3 billion euros. The loss was the result of "diesel scandal", causing the concern to put aside 6.7 billion eur...
A new Emissions scandal may be brewing in Europe. According to Reuters OPEL (under GM) will have to go through a new extensive testing regarding the Zafira Minivan, because it has been stated that it is violating European pollution standards. This comes after “Green” activists’ claims that the Zafira Minivan has excessive NOx (Mono-Nitrogen Oxide) emissions.NOx is a heavy atmosphere pollutant produced during combustion at high temperatures and does form part of acid rain. During tests performed by the University of Applied Sciences in...
A well-known manufacturer of electric cars Tesla unveiled a software that makes the car completely autonomous."After some time, it would be no necessary to keep the hands on the wheel", - promised the head of Tesla Elon Musk.This car can independently change lanes, slow down, raise the speed, maneuver and even parking.It is also programmed to monitor the ability of the blind area and recognize the danger of collision. It can even recognize a steep bend of the road, exit from the main highway, climbs and descents.The driver only needs every 10 seconds to touch the steering wheel...
Floyd Mayweather has one of the most expensive car collections around. Unfortunately his Bentley, two Rolls-Royces and a custom Jeep burned to the ground somewhere in the Arizona desert. He was shipping the cars from Las Vegas to Miami. And somehow the trailer got into fire. Luckily no one was hurt and there’s video of the very expensive fire courtesy of TMZ Sports.
According to Reuters News Agency Ford Motor Company has released plans on a strong investment of $1.8 Billion (11.4 Billion Yuan) spread over a period of five years to expand R&D in China. This news confirms the direct and concerted effort made by the US Motor giant carmaker in order to secure for itself a rather large slice of the world’s largest auto market, still untapped by some major players. Ford now stands as the fifth-largest foreign automaker in China. It follows GM, Volkswagen AG, Hyundai, and Nissan. However, Ford has had a rapidly ascending ga...
