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Tesla planning car to take on Nissan LEAF – and maybe sell out to Apple
Tue, 28 May 2013Elon Musk is buoyed by the success of the Tesla S and the seemingly inexorable rise in Tesla’s stock which has allowed Tesla to repay its government loans way ahead of schedule. Now Musk has been getting adventurous in an interview with Bloomberg where he’s stated that the next plan for Tesla is to build a smaller, more affordable electric car that can take on the Nissan LEAF. Musk plans to stay in control of Tesla until plans for a news small EV are complete, and said: With the Model S, you have a compelling car that’s too expensive for most people.
‘New GM’ address by CEO Fritz Henderson
Tue, 11 Aug 2009Fritz Henderson By Tim Pollard Motor Industry 11 August 2009 12:51 Chief executive and president of General Motors Fritz Henderson is making a product announcement this lunchtime. Join us at 1.00pm BST for the latest news from GM in our live blog below. NB start from the bottom and work your way up for the real-time blog!
News watch March 2010: today's auto industry news
Tue, 30 Mar 2010Tuesday 30 March 2010• Mercedes has dismissed claims that its Maybach brand is for sale, after reports in the Chinese media claimed Chinese car company BYD was considering a bid for the upmarket offshoot. BYD has also denied the claims (Reuters)• Toyota president Akio Toyoda has promised his company will listen more carefully to customers and react faster in a bid to regain credibility after the Japanese car manufacturer was forced to recall millions of vehilces over safety fears (BBC)• The Obama administration is expected to unveil its finalised fuel economy and tailpipe emissions through to 2016 this week, to coincide with the opening of the 2010 New York auto show (Detroit News) Monday 29 March 2010• Toyota has agreed to licence the hybrid technology in the Prius to Mazda, which will combine the electric system with its next-gen Sky engines. It’s part of Mazda’s plans to increase the average fuel economy of its vehicles by 30% by 2015 (compared to 2008 levels) and it hopes to have its first hybrid vehicle on sale in Japan by 2013 (Mazda)• Ford and Chinese car company Geely have signed a stock purchase agreement that will allow the latter to acquire 100% of Volvo (along with related assets including intellectual property rights).