Vehicle sales in the US during the quarter fell 34% compared to the previous year. GM said reduced demand and tight dealer inventories contributed to the decline. GM (GM) However, he found some reason for optimism during a difficult period. Total sales bottomed out in April. In May and June, …
Read More »Lamborghini’s new supercar is not legal to drive on public roads
Owners will have access to a secure webcam feed so they can look at the car whenever they want. If they want to drive the car, Lamborghini will arrange for it to be transported to almost any race track in the world and the owner will be able to drive …
Read More »General Motors (GM) Q2 2020 earnings
General Motors President and CEO, Mary Barra, on April 1, 2020 tours one of the company’s facilities in Warren, Michigan, which will produce Level 1 face masks. GM General Motors lost about $ 800 million and burned billions of dollars in cash in the second quarter in what is expected …
Read More »25% of cars in the US are at least sixteen years old, a record
Used Volkswagen vehicles for sale at a dealership in Fair Lawn, New Jersey on September 29, 2015. Ritika Shah | CNBC The next time you drive down the road, look around you. On average, 1 in 4 cars and trucks that pass are at least 16 years old, according to …
Read More »Elon Musk chose Texas ‘freedoms’ for new Tesla factory
Gov. Greg Abbott said Friday that Elon Musk decided to build the next American Tesla factory in Texas, in part because the state offers more “freedom” than places like California. “He wanted to enter a state where he had more freedom where he could expand in the way he wanted …
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