For the first time the most valued carmaker isn’t based out of Detroit, but out of Silicone Valley, California. In a significant milestone for Tesla, the luxury auto manufacturer has edged out General Motors too become the most valuable car… Read More ›
California
American Apparel’s branding theme could potentially create pressure points for its acquirer
With Donald Trump pressurizing companies to subscribe to his agenda, American companies such as Amazon.com and Forever 21, could succumb to cost conscious competitor such as Canada’s Gildan Activewear Inc. According to sources familiar with the discussion at hand, online… Read More ›
Tesla faces potentially class action suit from sudden acceleration issues in Model X
The lawsuit had cited incidents of sudden acceleration from NHTSA’s database and on this basis has sought class action status. A model X owner has sued Tesla Motors stating that his EV suddenly accelerated while being parked, causing it to… Read More ›
Uber launches a fleet of self-driving cars in San Francisco
Its cars have a driver and an engineer seated in the front seats of the car, ready to take over whenever the situation so requires. Despite facing a backlash from regulators in the state of San Francisco, Uber Technologies Inc.,… Read More ›
VW dismisses EU Lab test results
Although lab tests by the European Commission’s Joint Research Center show that Audi models have spewed out toxic gasses almost double than the permissible limit, VW has trashed the report saying, the tests did not factor in key parameters, including… Read More ›