Nissan is planning to expand its production capacity in China by more than 30 per cent, according to a report that says the Japanese manufacturer is eyeing off top spot in the rapidly-growing market. The news comes from Reuters, reporting that Nissan’s move to increase investments in China to expand […]
Industry
Saudi fund interested in Tesla also looking at Lucid Motors – report
The Saudi Arabian fund reportedly interested in Tesla’s possible move to go private is also looking to invest in one of Tesla’s competitors, Lucid Motors, according to a report. PIF – the Saudi Arabian sovereign wealth fund that Tesla CEO Elon Musk last week confirmed he was in talks with […]
Tesla, Elon Musk facing lawsuits for allegedly manipulating stock price
Tesla and company boss Elon Musk are reportedly facing class-action lawsuits in the US after two separate lawsuits were filed following Musk’s intention to take to company private. As reported just a few days ago, Tesla’s CEO, Elon Musk, was planning on taking the company private according to a tweet […]
Survey uncovers dangerous driving habits of Australian motorists
The equivalent of 10.9 million Australians have admitted to risky behaviour behind the wheel, according to statistics published in a new survey. The 2018 Safe Driving Report , published by Finder.com.au, polled 1800 Australian drivers and found the majority of Aussies, 62 per cent, according to the results, have admitted […]
Tesla considering building European ‘Gigafactory’
Tesla is reportedly in talks with both Germany and the Netherlands that may well culminate with the opening of Tesla’s first European Gigafactory. According to a report from the Wall Street Journal, government officials are involved in the talks, illustrating Tesla’s desire to open a factory to produce both electric […]
Australian vehicle sales for July 2018 (VFACTS)
It’s the start of the new financial year and as expected car sales took a dive last month, according to the July 2018 VFACTS report. Overall vehicle sales are down 0.2 per cent in the first seven months of the year compared with the same period last year. Even Toyota […]
Ferrari and FCA boss Sergio Marchionne dies, age 66
Following major surgery on his shoulder earlier this month, Sergio Marchionne, CEO at Fiat Chrysler Automobiles, has passed away at age 66. Marchionne’s last public appearance was on June 26, where he presented the new Jeep Wrangler to military police, the Carabinieri, in Rome. According to reports he went in […]
Lamborghini posts 4th consecutive half-year sales record
Lamborghini sold 2327 vehicles during the first six months of this year. This is up 11 per cent on the sales effort achieved during the same period last year, and it’s the fourth consecutive half-year record the company has passed. This is an especially interesting feat considering the Lamborghini Urus […]