Automobiles

Tesla’s 4th quarter deliveries consistent with projections

Tesla’s 4th quarter deliveries consistent with projections

Tesla has beaten its own record by delivering 17,400 vehicles in the fourth quarter. In the last quarter of 2015, Tesla has delivered the aforementioned number of vehicles for a total of 50,580 deliveries in 2015, which means it has beaten the previous quarterly record by around 48% and is 75% more than the last quarter of 2014.

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Volkswagen to Unveil Prototype of All-Electric Microbus at Consumer Electronics Show

Volkswagen to Unveil Prototype of All-Electric Microbus at Consumer Electronics Show

Volkswagen is all set to unveil a prototype of its all-electric microbus at the Consumer Electronics Show (CES). The company since long has kept silent about the rumored camper.

The new all-electric camper is powered by a lithium-ion battery packs and it is expected that the batteries will boast to a range of up to 310 miles. Gary Shapiro, head of the Consumer Electronics Association, said in a statement that the new car will be a groundbreaking vehicle. It will help to illustrate the synergy between the Internet of Things and the automotive industry.

Tesla to Get Tax Incentive Benefit of $39 Million: California State Treasurer John Chiang

Tesla to Get Tax Incentive Benefit of $39 Million, said California State Treasurer John Chiang

California State Treasurer John Chiang said on Tuesday that Tesla motors, an American automotive and energy storage company, will get $39 million in sales tax incentives. The move marks as a new round of government subsidies for a company that has become expert at using those incentives to grow the business.

These tax incentives benefit advanced manufacturing and companies that are associated with altering of energy. Space Exploration Technologies Corp., or SpaceX, run by Elon Musk was also awarded an estimated $30.3 million from the initiative earlier this year.

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Toyota expecting sale of over 10 million vehicles in 2016

Toyota expecting sale of over 10 million vehicles in 2016

Toyota Motor Corp. is planning to sell over 10 million vehicles in coming year however slightly changed from what it expected to sell this year. On Wednesday, the world's top-selling automaker for the past 3 years straight, said that it is expecting sales of 10.114 million vehicles in 2016 and 10.098 million this year.

In the first half of 2015, Volkswagen AG overtook Toyota in sales, but it suffered in the second half due to an emissions cheating scandal. The diesel cars of Volkswagen AG were found to have software that cheated emissions tests.

Chevrolet Malibu Hybrid LT coming this Spring with price tag of $28,645

Chevrolet Malibu Hybrid LT coming this Spring with price tag of $28,645

Chevrolet Malibu Hybrid LT will be launched by the company in spring. The hybrid Malibu will be the first full gas and electric car in its segment. Chevrolet Malibu will offer better fuel economy and has been designed keeping in mind customer safety and mid-size sedan customers in mind. Chevrolet Malibu Hybrid LT will cost $28,645 and customers will have to pay additional $875 as destination charges.

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