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  • More than 1 million Mercedes cars and SUVs are recalled worldwide
    16 Oct 2017

    More than 1 million Mercedes-Benz cars and SUVs are being recalled by Daimler worldwide. The safety recall covers 495,000 vehicles in the U.S., 400,000 in Britain, 76,000 in Canada and a few hundred thousand in Germany, company officials said. The automaker did not immediately have a complete worldwide total.  An electrostatic discharge, coupled with a broken clock spring and insufficient grounding of steering components, can lead to inadvertent deployment of the driver side front airbag in vehicles subject to the recall, the company said on Monday. As part of the fix, it said dealer...

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  • Tesla fires 400 employees for an unknown reason?
    15 Oct 2017

    According to the local news report and a former Tesla employee, the electric vehicle maker fired about 400 employees last week. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company.  "It's about 400 people ranging from associates to team leaders to supervisors. We don't know how high up it went," said the former employee, who worked on the assembly line and did not want to be identified. Though Tesla cited performance as the reason for the firings, the source ...

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  • Tesla recalls 11,000 Model X crossovers
    12 Oct 2017

    Tesla plans to recall about 11,000 Model X crossover vehicles due to possible issues with their second-row fold-flat seats. Only about 3 percent of the electric SUVs being recalled are expected to have issues, which the carmaker said it can correct in about 10 minutes with its mobile service operators.  The problem, which was discovered in internal testing, involves incorrectly adjusted seat cables. Tesla has not received reports of any issues or accidents relating to the problem, it said. “We will be conducting a voluntary recall to inspect the affected vehicles and confirm wh...

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  • How fast can we expect EVs to increase market share in the U.S.?
    27 Sep 2017

    Rising commitment from major automakers, rapid battery cost declines, strong policy support from state and local governments, and low operational costs have put electric vehicles on track to pass gasoline-powered vehicles. EV sales in U.S. have grown to an average of 32% annually from 2012-2016 and 45% over the year ending June 2017.  Considering these advantages, automakers and investors face several big questions: How fast can we expect EVs to increase market share in the United States?  What penetration will they achieve, by when?  How will these outcomes be affected by ...

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  • Almost 500,000 heavy-duty Ram pickup trucks recalled by the automaker
    19 Sep 2017

    Fiat Chrysler Automobiles said Tuesday it is recalling 494,000 medium and heavy-duty Ram pickup trucks, model years 2013-2017. The issue which caused this recall is that they could overheat and potentially cause a fire. The 2013-2017 model year Ram 2500 and 3500 pickups recalled have 6.7-liter diesel engines, including 443,000 vehicles in the United States. Fiat Chrysler said it is not aware of any injuries related to the issue, but has reports of a small number of fire-related incidents. The company will inspect and potentially replace the water pump.  Shares of ...

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