Tesla is getting serious about its next vehicle, the highly anticipated Model X. So serious that the company is shutting down production of the Model S sedan for two weeks at its factory in Fremont, Calif. to install new equipment.
Elon Musk showcased his ambitions to make Tesla Motors Inc a clean-energy behemoth on Friday, unveiling a new “solar-roof ” product at Universal Studios in Los Angeles, California. As the sun set, Musk told hundreds of guests gathered in an outside courtyard on the ‘Desperate Housewives’ set that Tesla and Solar-City Corp, the company that he chairs and which he aims to acquire, will make solar roofs that look better than normal roofs. He then showcased several houses with solar tiles gracefully embedded.
Elon Musk unveiled his latest “master plan” for Tesla Motors Inc., delivering a long-term vision that includes an integrated solar and battery product, the addition of a pickup, freight truck and bus to its electric vehicle lineup, and plans for a ride-sharing business.
Volkswagen AG (ADR)’s (OTCMKTS:VLKAY) luxury division, Audi, announced Saturday that it had decided to spend almost $29.3 billion (€24 billion) between 2015 and 2019 on planned investments to increase its production and car lineup. The move comes as Audi looks to make higher investments to grow in scale, increase its global footprint, and compete against the likes of BMW (OTCMKTS:BAMXY) and Mercedes-Benz in the luxury car segment.
Mercedes-AMGMercedes' high-flying AMG performance division is on top of its game these days.
The company unveiled a series of new models at the 2016 New York Auto Show in March.
They range from a C63 Cabriolet to more practical models like the E43 sedan and the GLC43 crossover SUV.
Aston Martin is getting into the all-electric luxury sedan game – big time. According to Car and Driver, Aston Martin CEO Dr. Andy Palmer said that the company's future electric super-sedan will: 1) Be based on the Rapide S 2) Arrive in about 2 years
Hyundai USALOS ANGELES — Hyundai is jumping into the car-sharing space with a project of its own, and it involves free cars.
The automaker is partnering with WaiveCar — an all-electric car-sharing platform that operates on advertising revenue — to give customers a chance to drive its new ICONIQ electric vehicle free of charge for the first two hours of driving.
Scanpix/Heiko Junge/via REUTERSWhen Elon Musk unleashed his "Master Plan, Part Deux" for Tesla a few weeks ago, we learned that the automaker intends to go well beyond building cars and crossover SUVs, the heart of its current lineup.