Tag Archives: Transportation

Michigan-based General Motors (GM) is turning heads with a new announcement. The automaker has announced that it will resurrect the popular Hummer truck, making it all-electric, and a lot more power-packed than previous offerings.The New GM HummerDescribing it as a “super truck”, GM has said that the new vehicle will be launched as a GMC. It will be called the GMC Hummer EV as it is an all-electric vehicle and will have improved torque and acceleration. The company says that the new GM Hummer...

Mercedes-Benz will be employing the use of blockchain technology to track carbon emissions in cobalt supply after teaming up with Circulor, according to an official press statement.As part of the Ambition2039 project, Mercedes-Benz, according to its press release, has now made the identification of the next generation of automobiles, one of its highest on its priority list. And doing this means getting ahead of the lot in the application of new cutting edge technology.According to the...

After several years of failing to meet the excessively optimistic forecasts, Tesla Inc. delivered in 2019. The company continued its profitability streak in Q4. It earned around $105 million and generated $7.4 billion in revenue. That represents 56 cents a diluted share, compared with $140 million, or 78 cents a share, in the same year-ago period. These results beat expectations and sent shares flying in after-market trading on January 29.Most of the promises that the Chief Executive Elon...

Tesla stock is doing amazing numbers in the market and breaking grounds for the auto company. Yesterday, Tesla stock surged impressively and has now crossed $100 billion in market valuation. Tesla (TSLA) climbed more than 6% to cement a new record high at $569.56.Tesla Stock Pushes ValuationAt the moment, Tesla is now the world’s second most valuable auto company. With a market cap of about $102.6 billion, it has pushed Volkswagen (VWAGY) down and is just behind Toyota Motors (TM). Toyota is...

Tesla is ready to break new grounds in Europe, with its soon-to-be-built gigafactory in Germany. The company, led by Elon Musk, is popular for setting surprising goals for itself. Most of the time, these declarations by Musk are written off as pipedreams as people point out that they are a little too lofty. However, the company’s success in China is worth considering whenever there is doubt about its capabilities. The question now is, will Tesla be able to replicate that success in Germany...

Last week we were witnessing of a sudden “fallout” of one of the biggest carmakers in the world – Tesla. An American division received a driver’s complaint that his Tesla suddenly accelerated on its own. And probably it will be not very sensible to suppose that such an event won’t have any influence on Tesla stock. However, we should admit that in recent months it has been on the rise.An independent investor, Brian Sparks, abided a sue to the National Highway Traffic Safety Administration and...

The global leader in the development of vision technology for Advanced Driver Assistance Systems and autonomous driving Mobileye has long been competing with such companies as Waymo, Velodyne Lidar, Oryx, and more. And there is no surprise as this industry requires a quick reaction to constantly changing demands. Mobileye aims to surpass Waymo and other players, therefore, the company is bringing the big guns. Mobileye has decided to deploy commercial robotaxi services and focus more on its...

South Korean automobile giant Hyundai has recently unveiled its new premium segment SUV called the Genesis GV80. This is the first sports utility vehicle from Hyundai from its Genesis collection. According to reports, Genesis will directly compete with the like of Lexus, Porsche, and BMW operating in this segment.Moreover, the design looks quite bold and distinct and comes with the collaborative efforts from Genesis’ Korea, Europe, and the U.S. office. The GV80 also hosts some premium...