Tesla CEO Ellon Musk has hinted that the company’s low cost Model 3 sedan will be available for pre order starting March next year. The revelation was made in a series of Tweets, one of which said: "Model 3, our smaller and lower ...
Tags: Tesla, Model 3 sedan
General Electric (GE) has completed the sale of its US fleet services business to Element Financial for $5bn. The company said that the sale of GE's Mexican, Australian and New Zealand fleet businesses to Element is also expected to close ...
Tags: General Electric, Fleet Business
Toyota is planning to invest Rs10bn ($150m) into its Indian subsidiary Toyota Kirloskar which is expected to be used for the company’s new engine plant and new projects including production of Innova, Fortuner and a mid-size sedan. ...
Tags: Toyota, engine plant
Japanese car maker Nissan has announced plan to invest £100m into its Sunderland plant to manufacture the company’s next generation Juke crossover car. The plant began operations in 1986 and since then 8 million vehicles ...
Tags: Crossover Car, Nissan
Sony is reportedly planning to venture into the automotive market after Google and Apple. The company is open to collaborate with traditional automakers and said that the advent of electric cars has lowered entry barriers for new ...
Tags: automotive market, Sony, electric cars
French automaker Citroen has revealed Citroen Cactus M concept car, which is based on the company’s Cactus hatchback. The car has an open-top architecture which is permanent in nature and drivers will have to use a the lightweight ...
Tags: Citroen, concept car
Mazda Motor and Russian automaker Sollers have signed a MoU with the Government of the Russian Federation to explore setting up of an engine production plant at their joint venture Mazda Sollers Manufacturing Rus (MSMR) facility. The ...
Tags: Russian government, Mazda Motor, engine
Ford Sollers, a joint venture between US based automaker Ford and the Russian Sollers has commenced production of engines at its new engine plant, Ford Sollers Elabuga Engine Plant in Elabuga, Russia. The new Russian facility will ...
Tags: Ford Sollers, Russian Sollers, engine
Toyota has committed to invest $50m over the next 5 years on research and development of intelligent vehicle and mobility technologies. The Japanese automaker is teaming up with Stanford University and the Massachusetts Institute of ...
German automaker BMW unveiled new “connected car” features including apps from Samsung and new attachment points for GoPro cameras, and smart home integration at the IFA 2015 show in Berlin. The company's flagship BMW i3 ...
Tags: BMW, IFA2015, connected car
General Mills is planning to reduce greenhouse gas emissions by 28% across its full value chain over the next 10 years. The company said that it calculated the amount of emission to be reduced using science-based methodology. General ...
KitKat is set to become the first global chocolate brand to use only sustainably sourced cocoa in the manufacture of all its products. This move comes as the confectionery industry faces allegations over employing child labor in cocoa ...
FMCG major ITC is planning to venture into dairy business with the launch of ghee (clarified butter) by the end of the current quarter. The company is likely to roll out its range of dairy products within the next few years. The range ...
Tags: Dairy Products, clarified butter
China-based internet entrepreneurs and financial investors, including the likes of Tencent and Hillhouse Capital, are supporting NextEV to create a competitor to US electric car manufacturer Tesla Motors. In that direction, the promoters ...
Tags: electric car, Tesla Motors
Greenlots, an open standards-based technology firm for electric vehicle (EV) networks, has teamed up with real estate developers CapitaLand and BMW Group Asia to install additional EV and Plug-in Hybrid (PHEV) charging stations in the ...
Tags: Greenlots, BMW, EV Charging