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Daimler to build a fifth Mercedes-Benz model at its Alabama plant
Fri, 21 Oct 2011Daimler AG said it will invest $350 million to produce a fifth Mercedes-Benz model at its factory in Vance, Ala., starting in 2015. The investment will create an additional 400 jobs at the plant. The company did not provide details about the additional vehicle.
Future products: Land Rover will get hybrids, smaller vehicles
Thu, 02 Sep 2010New owner Tata Motors promises that Land Rover will add smaller vehicles and hybrid powerplants, but it hasn't said much about the timing. Land Rover will continue to share components with Jaguar, which is also under Tata ownership. Land Rover already uses Jaguar's 5.0-liter V8 engine in all but one of its vehicles.
Tesla is ridiculously successful, so far
Thu, 03 Apr 2014Several Tesla Model S sedans catch fire, company co-founder Elon Musk blames the media, Tesla stock prices rise. Tesla cars are the subject of a recall, Musk blames the word “recall,” Tesla stock soars. Tesla posts what it calls profits but what everyone else views as losses, stock price shoots to $250 a share.