cars

Baidu Inc Announced $1.52 Billion Autonomous Driving Fund

Baidu Inc Announced $1.52 Billion Autonomous Driving Fund

On Thursday, Baidu Inc (NASDAQ: BIDU), the Chinese search engine, announced $1.52 billion autonomous driving fund over the next three years. This move is part of its plan to accelerate its technical development and compete with U.S. rivals such as G..

Volvo Releases First Compact SUV

Volvo Releases First Compact SUV

On Thursday, Volvo launched their first compact SUV, model XC40 hoping to top the success of their larger XC90 and best selling XC60 models which have driven their fourth straight year of record sales. The new XC40 will be produced at the company&rs..

Tesla Wirelessly Upgrades Florida Residents Vehicles’ Range to escape Irma

Tesla Wirelessly Upgrades Florida Residents Vehicles’ Range to escape Irma

In wake of the hurricane Irma, millions of South Florida residents evacuated the region causing traffic jams on major highway routes out of the state. Drivers with gas powered cars faced hours of waiting and elevated prices for gas due to hurricane ..

Tesla Shares Up After Analyst Updates Price Target

Tesla Shares Up After Analyst Updates Price Target

Tesla Inc. (NASDAQ: TSLA) shares up almost 2% Monday, after Baird analyst Ben Kallo reiterated his outperform rating and raised his price target for Tesla shares to $411 from $368, representing 15 percent upside from Friday's close, according to..

Tesla to Face Competition in the Battery Production Field

Tesla to Face Competition in the Battery Production Field

Tesla Inc. (NASDAQ: TSLA) may face increased competition in the rechargeable battery field. Currently Tesla is a leader in battery technology. The Tesla Gigafactory 1 is a lithium-ion battery factory under construction in Nevada. The factory started..

Ford Q2 Earnings Beat Expectations

Ford Q2 Earnings Beat Expectations

Ford’s Motor Company (NYSE: F) second quarter earnings was released on Wednesday and surpassed all expectations of analysts.In its second quarter, the automotive car company’s posted a net income of $2 billion, while the total company&rs..

Fiat Chrysler Automobiles Announced Strong Sales in Europe

Fiat Chrysler Automobiles Announced Strong Sales in Europe

Fiat Chrysler Automobiles NV (NYSE: FCAU) announced Friday that it has outperformed the European industry (EU28+EFTA) once again in June, with sales up 7.9% year-over-year (+2.1% for the industry) to 106,700 vehicles. Market share of Fiat Chrysler w..