According to the financial overlords of Goldman Sachs, Tesla would need an $6 billion in capital within the next 11 years should its products become truly disruptive to the automotive industry.
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As companies like Google, Tesla and Uber seek to reshape the auto industry in their own ways, more automakers and suppliers are beating a path toward Silicon Valley and the Center for Automotive Research Stanford to help adapt to the new reality.
Now that Cadillac and 50 of its B&B have packed up and moved out of Detroit for the American hustle of New York, what do those closest to the brand have to say about the move? General Motors product boss Mark Reuss has a couple of cents to spare.
According to the latest report from the General Motors compensation program published Monday, 21 fatalities linked to the defective ignition switch that launched a thousand recalls will receive payments.
One of the main goals of Tesla’s Gigafactory is to bring down battery pack costs to just under $100 per kilowatt-hour within 10 years. That goal may be harder to achieve, however, according to one skeptic.
[AUTHOR’S NOTE: This story is one I’ve been pursuing since a couple of days before returning to TTAC on the back of the Bumpasaurus Rex last October. As today is my 36th birthday, this is my gift to you, dearest B&B. – CA]
Meet Ian James Corlett and his 1966 Porsche 912. Corlett calls Vancouver, B.C. his home, where he works in the entertainment industry as a voice actor, director, producer, author and musician; his son and daughter, Phillip and Claire, also work in the industry as voice actors in their own right.
As for his 912, it may appear to be no more than a beautifully restored vintage Porsche, but as you’ll soon discover, there’s more than meets the eye with this particular sports car.
All photos provided by Ian James Corlett, Brendan McAleer and Wikipedia.
After running the gauntlet of congressional hearings, numerous recalls and personnel firings under the dark cloud of scandal created in the wake of the February 2014 recall crisis, General Motors believes it’s ready to turn the page, that everything is now in the rear view.
Not so fast.
In the wake of a report written by Republican members of the United States House of Representatives regarding the National Highway Traffic Safety Administration inability to find and link evidence regarding General Motors’ involvement in the design and implementation of an ignition switch now linked to 54 accidents and 19 fatalities, two Democrat members took the report’s authors to task.
If one were so inclined to visit Macau for a bit of gambling, they could hitch a ride to their hotel through one of the many cabs running throughout the city. However, those who will stay at entrepreneur Stephen Hung’s Louis XIII hotel upon its opening in 2016 will be able to paint the town red in a red Rolls-Royce.
It was a long day for David Friedman and the National Highway Traffic Safety Administration during congressional testimony Tuesday, admitting before a Senate panel that his agency has more work to do to improve itself, and that General Motors made “incredibly poor decisions” as far as recalls were concerned.
Over a month since the first claims were filed by those affected by a defective General Motors ignition switch originally linked to 31 accidents and 13 deaths, compensation administrator and attorney Kenneth Feinberg has found a total of 19 deaths and 31 eligible claims thus far.
With the departure of Luca Cordero di Montezemolo from Ferrari, Fiat Chrysler Automobiles CEO Sergio Marchionne will become the premium brand’s chair next month, with the first order of business being to increase output to satisfy more demand.
A couple of months after General Motors CEO Mary Barra turned up inside the Beltway for a second round of testimony before the United States Senate over its part of the February 2014 ignition switch crisis, it’s now the National Highway Traffic Safety Administration’s own second turn in the hot seat.
Dodge dealers wanting to help their customers destroy wannabes with the 2015 Challenger SRT Hellcat will themselves need to prove their worth to the brand before a single car leaves the carrier.
The surge in United States auto sales last month could push the final figures to a height not seen since 2006 when January 2015 rolls around.
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