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Chrysler quadruples profit in first quarter
Thu, 26 Apr 2012The Chrysler Group is riding high on first-quarter profits this year that totaled $473 million. That's quadruple what it made last year during the same period. Revenue rose 25 percent to $16.4 billion, while U.S.
Third Tesla Model S catches fire
Thu, 07 Nov 2013Update: According to an Automotive News report, "NHTSA said it will contact local authorities about the latest fire 'to determine if there are vehicle safety implications that merit agency action.'" The agency had previously backed away from an investigation after determining that vehicle defects were not to blame for the fire in early October. Just after Tesla Motors reported a $38 million third-quarter loss and within a few weeks of two other car fires, a third Model S sedan reportedly burned on the highway near Smyrna, Tenn. The Tesla Motors Club forum supplied photos of the crash, which occurred around 1:30 Wednesday afternoon, in addition to intense speculation on the cause of the fire.
VW announces seven-passenger CUV at Detroit auto show
Mon, 13 Jan 2014Last year at the Detroit Auto Show, VW showed the CrossBlue concept. Built on VW's new MQB modular architecture, the CrossBlue was designed to both showcase the versatility of MQB (it also underpins the upcoming Golf, the new Audi A3, as well as SEAT and Skoda models) and illustrate that VW was serious about the seven-passenger market in the United States. Prior to the Frankfurt motor show, we took the CrossBlue for a spin.