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General Motors sent a letter in Indiana to ban Tesla Motors from selling direct to customers. Tesla has sold vehicles to customers through direct vehicle sales, and it says if the letter is signed into law it would revoke Tesla’s permission to sell vehicles from its existing storefront in Indianapolis.The state of Indiana is seriously considering locking Tesla out of the state — with a real possibility that Tesla will be prohibited from holding a dealer license in the state after 2017 ends."Despite having a lawfully granted license to sell Tesla vehicles directly since 2014 at...
Takata Corp., Japanese manufacturer seeks buyers for its Irvin Automotive Products unit. They want to assume the responsabilities of those 10 deaths and more than 100 injuries, and to shore up the company’s balance. They plan to sell their automotive interiors division to raise money for paying for the cost of recalling about 50 million vehicles due to exploding air bags. Takata is working with Japanese bank SMBC Nikko Securities Inc. and U.S. bank Moelis & Co. on the potential sale. It isn’t clear whether Takata is seeking strategic or financial buyers for the busin...
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Audi CEO Rupert Stadler confirmed at the Detroit Motor Show that the Audi automaker had finally persuaded FCA to release the two names that would let Audi lock up the Q1 to Q9 badges for its growing SUV family, but not the Q2 and Q4 ones, which were in Fiat Chrysler's possession. "We tried to get it years ago and they said 'No, never,' but there is never 'never' in business," said Audi chief Rupert Stadler. "This year I went back to them with a proposal and we talked and there were some negotiations and then we agreed to it."Audi has used Italian na...
FORD COMPANY HELPS EASE TRAFFIC JAMSFord will start offering a new ride-sharing shuttle service for employees in Dearborn starting Tuesday in a move that could lead to a new business for an automaker trying to re-invent itself more broadly as a mobility company.Ford introduced the Ford Smart Mobility Plan that has 25 projects, which incorporate ride-sharing, data and alternative modes of connectivity, transportation and autonomous driving in an attempt to find ways that are better for people to share our roads in the years to come.The team of social scientists has already spent several months ...
