November 20, 2013 1:21 pm
Carlos Ghosn, the CEO of Nissan and Renault confirmed today that both companies would push back by two to three years an initial target to sell a combined 1.5 million electric vehicles by March 2017. While Nissan has moved back its EV target, it also said it would lift U.S. production of its all-electric Leaf, […]
Read moreNovember 20, 2013 12:24 pm
US stock-index futures were little changed toward red, before the Federal Reserve releases minutes of its latest policy meeting later today, and as investors await data on retail sales existing home sales and consumer price index. Futures on the Standard & Poor’s 500 expiring in December slipped 0.1% to 1,782.80 at 12:14 p.m. in London. […]
Read moreNovember 20, 2013 9:42 am
The auto maker presented its Chevrolet Colorado midsize pickup truck today at the 2013 LA Auto Show, the first in a long-term strategy designed to challenge Toyota and its Tacoma pickup, which has been a hit with young truck buyers since its introduction more than a decade ago. GM executives target the new trucks toward […]
Read moreNovember 20, 2013 8:30 am
Tesla Motors Inc., the electric-car maker under an investigation by US auto regulators, is seeking to solve issues on its model S car as fixing its software to prevent what could lead to expensive upgrades and longer-term damage to the image of the company. Chief Executive Officer Elon Musk said yesterday on his blog that […]
Read moreNovember 20, 2013 7:46 am
US stocks declined after disappointing forecasts from several company earnings reports while investors focused on a speech from Federal Reserve Chairman Ben S. Bernanke amid consumer price index, retail sales and existing home sales data which is due today. The Standard & Poor’s 500 Index lost 0.2% to 1,787.87 at 4 p.m. in New York. […]
Read moreNovember 19, 2013 2:57 pm
US retailers are making big discounts earlier than ever as predictions of the slowest holiday shopping season since 2009 may be underway. Wal-mart, the worlds biggest retailer is deeply concerned over the upcoming shopping season, thus the company is already piling on fresh discounts. For example the top retailer is slashing the price a 32-inch […]
Read moreNovember 19, 2013 1:45 pm
The U.S. National Highway Traffic Safety Administration announced the probe today in website post, saying it would look into the fire risks from the undercarriages striking objects. The probe involves 13,108 Model S vehicles. US safety regulator is investigating Tesla Motors’ Model S electric car after a series of fire accidents, in a step that […]
Read moreNovember 19, 2013 12:13 pm
U.S. stock-index futures remain little changed, as investors focus on retail sales and consumer prices reports due on Wednesday to asses the strength of the world’s largest economy and to fin out when the Federal Reserve may begin tapering. Futures on the Standard & Poor’s 500 expiring in December retreated 0.1% to 1,786.30 at 11:40 […]
Read moreNovember 19, 2013 10:09 am
Mercedez-Benz announced a shift of China operations last December as a part of companys strategy to improve sales. The reorganization has included naming a new China chief who sits on the management board, adding dozens of dealerships, opening an engine factory in the country and merging competing sales organizations. “Mercedes is on the right track […]
Read moreNovember 19, 2013 8:34 am
Google Inc. is opening showrooms in six U.S. cities, in order to promote its latest products and stepping up retail efforts against Apple Inc. and Microsoft Corp. as the year-end holiday shopping season has already started. The showrooms will open in New York, Washington, Chicago, Los Angeles, Sacramento, and Paramus, NJ. The project is named […]
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