Tesla Motors is recalling its entire Model S fleet after a broken seat belt was discovered by a European owner in one of the models earlier this month.
US automotive startup Elio Motors set an equity crowdfunding precedent after the Securities
and Exchange Commission (SEC) last week qualified the automaker to launch a $25m stock sale
under Regulation A+.
Fiat Chrysler Automobiles (FCA) in the US has launched a national program called Degrees@Work which offers US dealership employees, and their immediate families, debt-free college education with Strayer University.
Ford EcoBoost-equipped vehicle sales in the US are up 46%, year-to-date, with the automaker predicting that 2015 will see over 1 million EcoBoost engines sold in the US for the first time in a single year.
Lamborghini’s upcoming Huracan LP 610-4 coupe and spyder will feature cylinder deactivation on their naturally aspirated 5.2-litre V-10 engine, offering reduced emissions and increased fuel economy.
New electric vehicle (EV) and future mobility startup, Faraday Future, is set to make a $1bn investment in a US manufacturing facility in an effort to deliver its first vehicle by 2017.