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Ram, large SUVs boost Chrysler's May sales 11 percent
Mon, 03 Jun 2013Rising demand for Ram pickups, large SUVs and cars helped Chrysler Group's sales increase 11 percent in May. The company's car sales rose 16 percent while light truck deliveries advanced 9 percent, Chrysler said Monday. It marked the 38th consecutive month that the automaker's U.S.
Investor group wants to buy Saturn, sell overseas brands
Wed, 15 Apr 2009An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and mostly overseas manufacturers thereafter. A GM spokesman said today the group's proposal is legitimate and "very interesting." "I can tell you this is one of the interested parties with Saturn, and we have been working with them throughout this process," said spokesman Steve Janisse. "There are other interested parties as well who we're working with.
Tesla asks NHTSA to investigate fires
Tue, 19 Nov 2013In response to concerns following a recent accident which appeared to result from road debris damaging the underside of a battery compartment of a Tesla Model S, causing a fire in the engine compartment, the company has announced that it has requested that the National Highway Traffic Safety Administration conduct a full investigation into the fire incidents. In a blog post, Tesla CEO Elon Musk wrote the following about the investigation: "While we think it is highly unlikely, if something is discovered that would result in a material improvement in occupant fire safety, we will immediately apply that change to new cars and offer it as a free retrofit to all existing cars. Given that the incidence of fires in the Model S is far lower than combustion cars and that there have been no resulting injuries, this did not at first seem like a good use of NHTSA's time compared to the hundreds of gasoline fire deaths per year that warrant their attention." Tesla has also released a software update to the cars which will maintain their standard ride height at highway speeds, preventing the air suspension from lowering the car an extra inch at highway speeds for greater aerodynamic efficiency.