A little-known American automaker has just snatched the title of world’s fastest production car. SSC North America announced that its Tuatara hypercar reached an average speed of 316.11 miles per hour during two record-breaking dashes outside Las Vegas. The vehicle,
Tag: automaker
Feds fine BMW $18 million for allegedly inflating sales numbers
The feds slapped German automaker BMW with an $18 million fine for allegedly inflating its sales figures while raising billions of dollars from investors. The Munich-based company’s North American unit juiced US sales numbers from 2015 to 2019 to close
Daimler to pay $1.5 billion to settle emissions cheating probes
Automaker Daimler and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the US government and California state regulators to resolve emissions cheating allegations, officials said Monday. The Department of Justice, Environmental Protection Agency and the California attorney general’s
Tesla stock drops 15 percent after S&P 500 snub
Tesla’s supercharged stock rally may have finally run out of juice. Shares of the electric automaker — which have increased fivefold since the beginning of the year — were down more than 15 percent Tuesday morning as investors reacted to
Daimler to Settle U.S. Emissions Charges for $2.2 Billion
The German automaker Daimler said Thursday that it had agreed to pay $2.2 billion to settle accusations that Mercedes-Benz cars and vans sold in the United States were programmed to cheat on emissions tests. The sum, which covers federal fines
In Electric Car Market, It’s Tesla and a Jumbled Field of Also-Rans
Although it has become the world’s most valuable automaker, Tesla still has to figure out how to become consistently profitable, reduce quality problems in its luxury cars and more quickly turn alluring prototypes into mass-produced vehicles. One area where it
Honda Hackers May Have Used Tools Favored by Countries
A computer virus hit the Japanese automaker Honda this week, disrupting its internal computer networks, forcing it to shut factories across the globe and leaving employees cut off from email or internal servers. While Honda has declined to name the
Tesla close to rolling out car with ‘million mile’ battery: report
Tesla is getting closer to unveiling its first-ever “million mile” car battery. The electric automaker by early next year plans to roll out Model 3 sedans containing a new lower-cost, longer-life battery in China, according to Reuters. The upgraded batteries,
General Motors stalls dividend and share buybacks to conserve cash
General Motors said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales. Shares of
Hyundai joins Kia in another recall to prevent engine fires
Hyundai is joining affiliated automaker Kia in yet another U.S. recall for problems that could cause engine fires By The Associated Press March 4, 2020, 8:39 PM 2 min read DETROIT — Hyundai is joining affiliated automaker Kia in yet