From the Aston Martin Vanquish S to the Mercedes-Maybach S650 Cabriolet: The five coolest supercars at the LA motor show so far November 16, 2016 Any petrolhead worth their salt is keeping a close on eye on the LA Motor Show. Kicking off on 14 November and running until 27 November, it's a bumper motoring occasion for the calendar with a load of exciting model debuts unveiled. It may be only a few days in but we've already had a [...]
Tesla is ramping up production by buying a German company November 8, 2016 Tesla has taken action to address its production problems (too much demand. not enough supply), snapping up a German manufacturer to help it build its electric cars. Grohmann Engineering will help it hit a target of producing 500,000 cars a year by 2018, Elon Musk's company said today, and it will become Tesla Grohmann Automation. Read [...]
Mitsubishi Motors gears up for an electric car revolution with no Brexit road bumps in sight November 7, 2016 “One of the things we did when we launched the Outlander plug-in hybrid electric vehicle [PHEV] was accentuate the ordinary aspect of it,” says Mitsubishi Motors’ managing director Lance Bradley. It may not sound like a hugely appealing marketing attribute, but Bradley believes it has worked. “People either expect a milk float or the Starship [...]
Elon Musk thinks SolarCity will add $1bn in revenue to Tesla and prove naysayers wrong November 2, 2016 Elon Musk is very keen to get unimpressed investors on side for Tesla's takeover of SolarCity. His plan is to have a Tesla/SolarCity combination creating a seamless experience for customers looking to buy solar panels, home batteries and solar roofs, "Over time, I think most customers are going to opt for all three," he said [...]
Here’s Elon Musk’s latest project: Tesla’s solar roof October 29, 2016 You'd forgive Elon Musk for feeling pretty confident at the moment. He has just surprised Wall Street with Tesla's first profit for three years, reporting net income of $21.9m (£17.9m) for the third quarter after 13 consecutive quarterly losses. Record deliveries helped offset rising expenses. And now, the Tesla co-founder and chief executive has unveiled his [...]
Google’s gearing up to spin off its self-driving cars business October 27, 2016 Google's self-driving cars are getting a life of their own. X lab, the autonomous vehicle project, is becoming a standalone unit of Google's parent company Alphabet; possibly the first step on its journey to becoming an independent company. The wheels were set in motion at the beginning of the year when Alphabet started separating the [...]
Leading the charge: How to invest in the nascent, but lucrative, electric power storage sector October 27, 2016 One word captures the holy grail for the energy industry: storage. A Carbon Trust report from March found that better energy storage could save £2.4bn a year by 2030 in the UK. If certain regulatory hurdles are overcome, this could rise to £7bn a year. New developments and innovations are coming to market all the [...]
Here’s how to make the most of investing in Apple, Amazon and major overseas players October 27, 2016 In a globalised world, equity investors need to think big if they want to buy the world’s best companies. “There is no UK equivalent to the likes of Amazon or Facebook. The UK’s own social networking pioneer, Friends Reunited, finally closed its web doors in February this year,” says Michelle McGrade, chief investment officer at [...]
Tesla posts shock profit October 26, 2016 Tesla Motors has trumped analysts' expectations and posted its first profit in eight quarters on the back of record car deliveries. The electric carmaker said its net income for the third quarter ending 30 September was $21.9m (£17.9m). A year earlier, Tesla made a loss of $229,9m. Tesla's revenue more than doubled, reaching $2.3bn. Analysts had been expecting [...]
Before the bell: What you need to know before the US market open October 20, 2016 Markets are further backing a Clinton victory in the US presidential election next month after last night's final debate, while the European Central Bank is expected to keep policy on hold when it meets this afternoon. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher [...]