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Added on the 09/01/2012 14:51:20 - Copyright : Auto Moto EN
A Dutch-made flying car called the PAL-V Liberty aims to offer drivers the complete freedom to choose when to hit the road and when to take to the air. It went on display at the Geneva International Motor Show on Tuesday. The three-wheel vehicle doubles as a gyrocopter, deploying fully-retractable rotors. The PAL V Liberty will use one engine for road driving and a separate one for flying. It's actually certified to fly under the rules of both the EASA in Europe and the FAA in the U.S., and complies with road safety regulations. PAL-V hopes the car will take-off, once it secures full certification in 2019.
Luxury car brand Rolls-Royce Motor Cars reports record sales for 2014 and a fifth consecutive year of growth. Ciara Lee reports.
Washington, May 22 (EFE).- The development and production of batteries for electric vehicles goes beyond a race between automobile companies and has become a matter of State for the US in its dispute with China for world hegemony.
Odd Andersen/AFP via Getty Images Tesla had set a goal of 500,000 deliveries for 2020. On Saturday, it announced it missed the target by 450 vehicles. Some analysts had said the ambitious target could be tough to reach because of a slump in auto sales during the coronavirus pandemic. The company reached its production goal for the year, making a total of 509,737 vehicles. It also said production of its mid-size SUV, the Model Y, has begun in Shanghai. Consumers cut back spending on cars during the pandemic and Tesla's sales in the first half of 2020 dropped 15% from the second half of 2019.
Tesla's recently announced plan to sell up to $5 billion in shares. Wedbush analyst Dan Ives said this is "the smart move at the right time" for CEO Elon Musk and the rest of the company. On Tuesday, Tesla revealed it will offer shares "from time to time" with 10 banks serving as sales agents. The announcement comes as Tesla stock sits 667% higher year-to-date. The massive rally allows Tesla to "build up its treasure chest and capital-expenditure capabilities" while shares sit near record highs, Ives said. Business Insider reports that Tesla dipped as much as 1.7% in early trading on the news.
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