Shanghai factory, South Korea entry, and China financing program are all part of Tesla's Asian expansion plans.
When McLaren first introduced the 650S, the initial idea was to keep the 12C it effectively replaced around as a more accessible option – particularly in certain Asian markets where buying a new car, much less an exotic supercar, is an even costlier endeavor than it is in other markets. Woking soon changed track and discontinued the 12C, but has now addressed that "entry-level" demand with the introduction of the new 625C.
It's hard to fathom just how bad traffic can be in Asia. Sure, we hear about 60-mile-long jams and that motorists in China lose nine days a year to traffic, but until you can actually bear witness to the madness that is rush hour in an Asian city, there's no way to know how bad it is. It makes Los Angeles' 101 freeway seem like a joyous, relaxing day cruise.
There's a logical progression of technology in the auto industry. We've seen it with things like carbon-ceramic brakes, which use to be the sole domain of six-figure sports cars, where they often cost as much as an entry level Toyota Corolla. Now, you can get them on a BMW M3 (they're still pricey, at $8,150). Who knows, maybe in the next four a five years, they'll be available on something like a muscle car or hot hatchback. Aluminum has had a similar progression, although it's further along, m
The nation of Bhutan wants its capital city Thimphu to become an electric vehicle hotspot. "We are confident that electric vehicles can take off here," said Tshering Tobgay, prime minister of the Himalayan kingdom bordered by China and India. The first challenge is getting the EVs shipped there, but the first ones could soon be on the way.
Fiat and Tata has reportedly stepped away from a tieup in the Indian market that saw Fiats being built in India, using engines shared with Tata and Maruti models, and being sold through Tata dealers. Neither company commented, but according to analysts, the issue was that in addition to Tata was simply too busy with its other endeavors, especially Jaguar Land Rover, to attend to the Fiat deal. Sales of the joint-venture vehicles have declined by more than 20 percent year-on-year.
Honda recently released its financial report for the the manufacturer's motorcycle division. Not surprisingly, two-wheel-friendly Asia accounted for a lofty 79 percent of the company's total sales in 2011. The entirety of North America, meanwhile, soaked up just 1.6 percent of the brand's total volume last year. What's more, Honda fully intends to expand its operations in the blooming Indian market. Until last year, Honda worked with Hero MotorCorp to sell its bikes in India. With the two entiti
UK-based, HaloIPT is readying its in-road wireless charging system for plug-in vehicles and has inched closer the commercial launch by signing deals with two strategic production partners. HaloIPT will partner with Chargemaster in Europe and Evida Power in Asia to rush its inductive charging technology to market within the next 18 months.
Tesla expanded its dealership roster with the opening of its Tokyo showroom on Monday, the automaker's first Asian store. Japan is not entirely new territory to Tesla, since it has close ties to two major Japanese corporations. Toyota recently invested $50 million in the American company's stock and has contracted Tesla to help develop an electric version of the RAV4 while Panasonic is providing the batteries for the Model S packs.
GM Daewoo has four shareholders: GM, Korea Development Bank, Suzuki Motor Corporation, and Shanghai Automotive Industry Corporation. When GM Daewoo put out a rights issue, only one of the four took the bite: GM, which made it rain to the tune of $412 million and raised its stake from 50.9% to 70.1%.
In what looks like a serious-but-probably-the-norm case of industrial espionage, General Motors' South Korean Daewoo division is reportedly alleging that the Russian automaker TagAZ has tried to copy its Lacetti sedan. Backing up those allegations are the arrests of two TagAZ engineers – former Daewoo employees who are said to have taken computer files from one company to the other. A third former Daewoo employee, an executive, left notes proclaiming his innocence and then committed suicid
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