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Report: New-vehicle purchase price on the rise
Wed, 03 Apr 2013The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.
Tesla Motors open-sources patents
Fri, 13 Jun 2014Since Elon Musk founded Tesla Motors a decade ago, his electric car venture has been a thorn in the traditional auto manufacturers' side. Now, Musk has made another disruptive move by announcing he is scrapping the firm's patents. In a blog post on the Tesla website, he wrote "[the patents] have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology.
More on Alfa Romeo's rear-drive strategy
Tue, 03 Dec 2013The revised Alfa Romeo plan that Fiat CEO Sergio Marchionne is expected to announce next April focuses on a new, still unnamed rear-wheel- and all-wheel-drive architecture. A key aim of the new plan is to boost Alfa's global presence. "With our current segment coverage and our geographical footprint, we compete in about 5 percent of the global market," Alfa's European boss, Louis-Carl Vignon, said in an interview.