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July's green-car sales results, while still somewhat tepid, were enough to make auto-industry watchers downright patriotic, as increased demand for Ford and General Motors' hybrids and plug-in vehicles partially salvaged what was still a tough month. In fact, take out the impact of Volkswagen's continued stop-sale on diesel vehicles (of which more than 8,000 were sold in July 2015), and green-car sales were about dead-even with year-earlier figures. As it was, US green-car sales fell 17 percent to about 40,500 units. As for plug-in vehicles, demand spiked 20 percent from a year ear...
It seems like the energy independence is getting stronger in the US car market. The leading company that has brought this modernization into the country is Tesla Motors. There are of course and other companies which had positive impact on the hybrid-cars sales like Chevrolet. This July can be called a memorable month for green cars thanks to the 48% surge, mostly on Tesla vehicles, but we need to not forget also about Chevy Volt, BMW i3, Ford Fusion Energi and Chevy Spark EV. Other EV models have also felt a powerful sales growth, but even so their volumes are smaller than the ...
One of the main questions surrounding Tesla is its ability to ramp up production to satisfy the almost 400,000 existing Model 3 orders, and the hundreds of thousands of orders that are supposed to follow. Past isn’t necessarily indicative of the future, but on Tesla’s earnings call just now things didn’t sound all roses. The company ended up losing $293 million last quarter on a GAAP (Generally Accepted Accounting Principles) basis, and $150 million on a non-GAAP basis, which takes into account things like leases that GAAP generally doesn’t adjust for. ...
Ford has reported a 9% drop in second quarter last week, this is how the auto industry analysts got scared that car sales will slow down after 7 years of prosperity. Now the official U.S. sales have aired and it seems that the industry has really reached a plateau. Company July 2015 July 2016 % Increase Fiat Chrysler A. 181,081 181,538 0.30%Ford Motor Company 222,014 215,268 -3.00%General Motors 272,512 267,258 -1.90%Mazda North America 27,157 27,915 2.80%Honda Motor C...
Amnon Shashua the Co-founder and CTO of Mobileye, announced that they would end their relationship with Tesla Motors at the end of the current EyeQ3's lifecycle.Mobileye will continue to provide technical support of its EyeQ3 processor for the California-based electric-vehicle maker, but won't develop more Autopilot-related products.Instead, Mobileye will direct more of its resources towards its partnership with BMW and Intel on further developing autonomous-driving features.Shashua didn't quite spell out the reasons for ending the relationship, but the strong hint was that Mobiley...
