car

Tesla begins production of Model 3

Tesla begins production of Model 3

Tesla Motor Inc. (NASDAQ: TSLA) passed all regulatory requirements for the production of its first mass-market car, the Model 3, according to CEO Elon Musk on Sunday night.The company’s shares were up 3 percent in premarket trading on Monday a..

Cara Therapeutic Shares Plummet

Cara Therapeutic Shares Plummet

Shares of Cara Therapeutic Inc. (NASDAQ: CARA) fell 31 percent on Friday after the company announced disappointing results on the CR845 oral medication from a phase 2b trial.Cara is a biopharmaceutical company that focuses on developing medications ..

High-Tech Dashboards to Boost Electronics Market in Auto Industry

High-Tech Dashboards to Boost Electronics Market in Auto Industry

There is a race amongst auto supply companies to provide a new high-tech dashboard for the next models of cars.Current dashboards in auto vehicles, crammed with digital features such as navigation and entertainment systems, are composed of parts fro..

BMW Makes $600 Million Investment In Spartanburg Plant, To Add 1,000 Jobs

BMW Makes $600 Million Investment In Spartanburg Plant, To Add 1,000 Jobs

BMW AG, the German manufacturer, announced on June 26, that it will invest approximately $600 million in the United States. This money will go the company's existing Spartanburg, South Carolina plant. The company will buttress its manufacturing ..

Philips to buy Spectranetics

Philips to buy Spectranetics

Koninklijke Philips N.V. (NYSE: PHG), or better known as Philips, a Dutch technology company focused in electronics, healthcare, and lighting, has agreed to buy Spectranetics Corp. (NASDAQ: SPNC), a US based medical device company, for $1.7B euros t..

 Avis Budget Group Inc.Share Up After Announcement on Alphabet Collaboration

Avis Budget Group Inc.Share Up After Announcement on Alphabet Collaboration

On Monday, shares of Avis Budget Group Inc. (NASDAQ: CAR) soared more than 18% (as high as $29.32) after the company unveiled plans to collaborate with Alphabet Inc. (NASDAQ: GOOGL) on self-driving automobiles.Waymo, Alphabet’s self-drivi..

Takata Files for Bankruptcy

Takata Files for Bankruptcy

Japan’s Takata Corporation filed for bankruptcy protection in Japan and the United States and agreed to be acquired for $1.6 billion by Key Safety Systems which is Chinese owned and U.S. based. Takata faces tens of billions of dollars in costs..