Tesla has posted its strongest sales quarter ever as it looks to raise capital needed to produce the upcoming Model 3. The California-based company set its new sales record for the third-quarter of 2016 delivering 24,500 vehicles. Of that, 15,800 units were made up by the Model S, with the […]
Day: 3 October 2016
Diesel engine production to slow, more work on EVs
The production of diesel engines is set to decrease significantly in the next few years, particularly in small cars, according to executives from some of the world’s biggest manufacturers. Speaking with press shortly after the unveiling of VW’s I.D. concept at the Paris Motor Show, VW chairman Herbert Diess says […]
Volkswagen agrees US$1.2b settlement for US dealers
Volkswagen has agreed to a US$1.2-billion settlement with US dealers in the fallout of the dieselgate scandal. A settlement agreement has been filed in San Francisco’s federal court to compensate US-based dealers who claim they lost business to the tune of around $1.85 million each. While a judge is yet […]
New Jaguar XF Sportbrake confirmed for 2017
Jaguar has confirmed it will be introducing a practical Sportbrake wagon version of the new XF luxury sedan next year. Sales operation boss Andy Goss confirmed the news at the 2016 Paris Motor Show, currently underway, saying it will be offered with all-wheel drive when equipped with some diesel engines. […]