Tesla accelerates target to 500,000 cars by 2018
Tesla has advanced its production goal by two years, now aiming to build 500,000 vehicles in 2018, driven by strong demand for the Model 3.
Coverage tagged Sales figures.
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Tesla has advanced its production goal by two years, now aiming to build 500,000 vehicles in 2018, driven by strong demand for the Model 3.
PSA reported first-quarter 2016 revenue of €12.998bn, down 1.4% year-on-year, as strong European growth was offset by sharp declines in China and Africa.
Mercedes-Benz targets the top spot in China's luxury car market by 2020, after rapid sales growth narrows the gap to BMW and Audi.
With Russian car sales down nearly 17 percent in early 2016, Ford's local joint venture is considering new investment and targeting exports to offset domestic weakness.
American drivers paid an average of $1.86 per gallon for petrol in the first quarter of 2016, saving nearly $10 billion compared to the same period last year.
Porsche aims to maintain its 15 percent profit margin in 2016, even as stricter emissions rules and investment in electric models drive up costs.
Americans drove a record 3.15 trillion miles in 2015, fuelled by low petrol prices and surging vehicle sales, according to Federal Highway Administration data.
Subaru takes Best Overall Brand and Most Trusted Brand, while Lexus leads the luxury segment in Kelley Blue Book’s 2016 Brand Image Awards based on US buyer perceptions.
Ford recorded its strongest ever January-February SUV sales in the US, with millennials and women buyers emerging as key growth drivers for the brand.
Following its best-ever financial year, Porsche will pay a special €8,911 bonus to around 15,600 employees, recognising their contribution to the company’s 2015 results.
Volkswagen's finance arm has written down €353 million to cover falling residual values of leased cars following the diesel emissions scandal, with further provisions set aside for the US market.
Ford delivered 91,700 vehicles in its 20 main European markets last month, driven by strong demand for SUVs and commercial models, as market share edged up.
Toyota will begin building the RAV4 SUV at its St Petersburg plant this August, following a major investment to double capacity and expand local manufacturing.
FCA will keep its Sterling Heights Assembly Plant idle for an extra three weeks, citing weak demand for the Chrysler 200 and a shrinking US sedan market.
Average new-vehicle loan size in the US climbed to $29,551 in late 2015, as longer terms and strong sales pushed borrowing to new heights.
Analysts expect US light-vehicle sales to reach 1.36 million units in February 2016, with SUVs continuing to outpace cars and the annualised rate hitting its highest level since 2000.
Electric and hybrid models drove a 20 percent rise in alternative fuel vehicle registrations in the EU last year, even as LPG and natural gas cars declined.
The Kecskemét facility in Hungary has produced half a million Mercedes-Benz vehicles since opening in 2012, with the CLA and CLA Shooting Brake built exclusively for global markets.
Carlos Ghosn aims to accelerate Renault-Nissan’s electric vehicle sales in China by focusing on more affordable models to compete with local low-cost offerings.
Takata posted a sharp rise in quarterly profits and revenue, even as global recalls over its defective airbag inflators continued to widen and pressure the supplier.
Toyota used its 2016 Super Bowl ad slot to promote the new Prius, aiming to boost hybrid appeal as low fuel prices drove Americans to larger vehicles.
Toyota will discontinue its Scion brand in August 2016, rebranding existing models as Toyotas and ending a project that targeted younger buyers in the US market.
Renault has confirmed plans to expand its presence in Iran, aiming to accelerate production and model launches following the lifting of international sanctions in January 2016.
Nissan reported record European sales of 715,623 vehicles in 2015, but its claim to be the continent’s leading Asian brand is disputed by Toyota’s higher figures.