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The leadership of Nissan Motor Co., CEO Carlos Ghosn continues to develop the Nissan company. He plans to boost Nissan's profitability to 8% from 6.7%. He targets to sell autonomous vehicles in showrooms in five years, despite of the slow sales. Nissan's outlook has a very positive view about the U.S. They're not foreseeing significant growth in the U.S., but it's a very healthy market at more than 17 million vehicles annually. The growth of car sales is forecasted in January at the Detroit auto show."I'm not seeing any stress. I'm not seeing signs that we are...
Porsche has decided to suspend the sale of vehicles with a diesel 3.0-liter engine in the US.This was done immediately after the US Environmental Protection Agency (EPA) announced the results of the investigation the engine V6 3.0 TDI, installed in Porsche cars, Audi vehicles and Volkswagen automobiles.The scandal emissions of the Volkswagen started because of 2.0-liter TDI. The German manufacturer with a special equipment brought down the level of emissions of nearly half a million cars from United States. During this scandal the head of Volkswagen Martin Winterkorn has announced about his re...
The Cambridge University proposes to use a new type of batteries - Lithium-oxygen. Cambridge University scientists are working on creating a new type of batteries - Lithium-oxygen. New batteries will significantly increase the cruising range of electric vehicles, and thus will be more profitable to their lithium-ion analogues, according to Financial Times.It is not a secret that the power-reserve is a key for electric vehicles. And, despite of this fact most motorists prefer to buy a car that runs on traditional fuels - gasoline and diesel. However, the invention of scientists from Cambri...
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...
The Quebec government is ready to spend more than $420 million in 2020 just to promote and to sell hundred thousand units of electric and hybrid vehicles annually. “Transportation electrification represents a way for Quebec to set itself apart by promoting important values such as respect for the environment, collaboration and knowledge as well as the desire to enhance the public’s prosperity and well-being,” the province’s Ministry of Transport says in Propelling Quebec Forward with Electricity, a document that lays out the program.As they already planned the char...
