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The Tesla Model 3 has been plagued with well-publicized production issues over the last few months. However, it seems the situation is finally improving. Back in June, the carmaker met its target of producing 5,000 Model 3s in the final week of the month. Musk confirmed that this production target was met for at least two weeks in July during a financial call with analysts. Now the goal is to ramp Model 3 production up to 6,000 a week, but CNBC reports the automaker is on track to exceed that target by a significant margin. Evercore ISI analyst George Galliers said after having a to...
The 2019 Chevrolet Silverado 1500 has been in the news a lot recently for many good reasons, among them its upcoming arrival at dealerships. But is it possible for the new Silverado to surpass F-150 in sales? Anything is possible, only if they use the right strategy. According to Automotive News, Chevrolet has literally “restructured” its full-size pickup truck is not only design and materials but also its lineup range. What was lacking before is now present. For example, for 2019 there will be three new trims to help expand the Silverado’s market share. These new ...
It was back in 2011 when the Nissan Juke launched in the US. Many did not know what to make of the funky-looking small crossover with its frog eye-like front-end design and, at the time, unusual proportions. In 2018 just about everywhere one goes a Juke can be spotted on the road. Automotive News reports that Nissan has officially dropped the subcompact Juke crossover from its American lineup. Sales were down last year by 48 percent, compared to 2016. Its replacement is the all-new Nissan Kicks. Americans haven’t quite taken to the Juke in nearly the same enthusiastic manner a...
Mitsubishi’s operating profit reached $253.9 million in the fiscal first quarter. It means the company’s profits jumped 36% in the latest quarter as the automaker's rebound gathered speed on rising sales in every key market.The robust results were buoyed by new vehicles such as the Eclipse Cross and Outlander PHEV crossovers in the United States and the Xpander MPV in Southeast Asia. Looking ahead, Mitsubishi kept its earnings outlook unchanged. It expects worldwide operating profit to increase 12 percent in the current fiscal year ending March 31, 2019, while net income inches...
Porsche isn’t immune to safety recalls, and the latest one involves the Panamera. The German carmaker has announced that it’s recalling several hundred models of the four-door sedan in the US due to a problem with the suspension. Internal testing showed that some models may have rear-axle anti-roll bars that “do not meet Porsche quality standards.” Potentially, a connecting link could detach from the anti-roll bar and cause damage to other suspension components. Thankfully, no incidents have been reported as a result of this issue, but to be safe Porsche is r...
