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by Luc Olinga Agence France-Presse NEW YORK, United States (AFP) — A day after launching one of its cars into space, Tesla moved Wednesday to ease concerns on earth over production delays for its Model 3, the key to future growth for the star electric carmaker. In its quarterly earnings update, the carmaker led by entrepreneur Elon Musk said it is moving ahead toward its goal of producing 5,000 Model 3 vehicles per week by […]
BEIJING, China (AFP) — Japanese automaker Nissan Motor and its Chinese joint venture partner announced on Monday a $9.5 billion investment plan in China to increase annual sales by one million vehicles and boost electric car production. Dongfeng Motor Company is the latest Sino-foreign car company to splash out as China rolls out new regulations to limit gas vehicles and boost production of electric cars in coming years. Nissan’s high-end brand, Infiniti, will go all electric in […]
BUENOS AIRES, Argentina (AFP) — German automaker Volkswagen on Friday announced a plan to invest $650 million in an Argentina plant where it will manufacture a new sport-utility vehicle, according to a statement released by the government. Business-friendly President Mauricio Macri, who ushered Argentina out of recession in 2016, has encouraged foreign investment especially after his center-right coalition’s wins in last month’s midterm elections. Production of the SUV is anticipated to begin in 2020. In a televised […]
ROME, Italy (AFP) – Two thoroughbreds pulling a Roman style chariot just lost out to a top racing driver in an unusual duel Thursday on the same piste used for the chariot race in the “Ben Hur” remake. Fabio Barone finally drove his “prancing horse” Ferrari to victory by a handful of seconds to see off the thoroughbreds at the course just south of Rome. The venue was the setting for much of last […]
