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US: Goldman analyst says Tesla needs $6 billion for advancements


The industry analysts have hit the US electric automaker again, after a Morgan Stanley analyst called the company’s future in question with the advent of driverless cars. Now, it’s time for a Goldman Sachs Group’s insider to cast a few dark clouds over the prospects of the company – which has been the most successful US startup in many years. Patrick ...
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Japan: investors rally behind automakers again on growth predictions
Toyota Motor Corp., the world’s largest automaker and the biggest company in the country, saw its shares up to 6,494 yen on September 19 as investors tout the highest figure ...
New car sales in Australia slip this August
Sales of new vehicles in Australia fell in August compared to July, but are still on track to surpass 1.1 million units for the year as a whole. According to the ...
VW sales in India serve as warning for other European carmakers
With sales more than doubling in 2011 for Volkswagen in India, it looked like the automaker’s plan was going in the right direction, that of becoming the global vehicle sales ...
French car sales drop in August
The main automotive industry association in France announced this Monday that the country's car sales slid 3% in August, considered to be a weak vacation month. Renault’s sales went down 10.7% ...
Volvo trucks hit by surprise sales decline
Swedish heavy trucks producer Volvo AB, the second largest globally, has posted a surprise dip in truck deliveries last month, as the maker was impacted by an economy slowdown in ...
GM announces $2.8 billion investment in Brazil
After making the headlines mostly because of its ongoing debacle with the defective ignition switch recall and the ensuing public scandal, General Motors finally catches our attention with a big ...
Cadillac plans admiral ship and SRX refresh for 2015
The Cadillac brand, which is among the premium stars in China, is not doing so well at home in the US. General Motors aims to reverse the slump with a ...
Russia: July sales dip 23%
The country’s dwindling sales plummeted last month after going down 17% in June. The deliveries slump shows the customer base goes increasingly weary of the outcome of the Ukraine crisis. The ...
DS’ standalone brand off to a slow start
Citroen’s premium line-up of DS models had dwindling sales during the first six months of the year, even as it moved to become a separate brand since June 1. The upscale ...

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