Auto Dealers to Raise $2 Million for Dealership Families Displaced by Flooding

Aug. 22, 2016 /PRNewswire-USNewswire/ — Peter Welch, president of the National Automobile Dealers Association, and Annette Sykora, chairman of the National Automobile Dealers Charitable Foundation, arrived in the flood-ravaged areas of Baton Rouge, La., and announced they would seek to raise $2 million for new-car dealership families displaced by the flooding there. Welch and Sykora are meeting this week with dealers and dealership

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Thomas Edison’s Goliath Goes After Tesla

When you think about Tesla’s competitors, you probably think of car companies like Ford or General Motors, or tech giants entering the automotive space, like Apple’s not-quite-a-secret project Titan. You probably don’t think of industrial stalwart General Electric. GE has just taken a stake in Germany’s sonnen, a company that is not only a Tesla competitor, but is leading Tesla in

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Philippines’ Ayala JV Foreign Partner to Produce Autonomous Vehicles

MANILA — Ayala Corp. is prepared to invest up to $100 million to kick-start its effort to make the Philippines a Southeast Asian hub for the manufacture of self-driving cars. That amount represents its 50% initial share in a joint venture planned with a foreign carmaker. The Philippine conglomerate is in talks with “more than three” companies, said Ayala unit

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NBC Presents Interesting Facts About Rio Olympics Viewership

Traditional TV ratings for the Rio Olympics fell from four years ago, particularly among young viewers. But NBCUniversal, a unit of Comcast Corp., has maintained those ratings only tell part of the story, since this year’s event also aired on cable networks in primetime and all content was available to stream live. According to NBCU: Nearly 50 million viewers streamed 3.4

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China’s Biggest Auto Maker Reports Rise in 1H Revenue & Profit

Thanks to purchase tax reduction on small-engine vehicles, which account for more than two-thirds of new-car sales in the country. However tax break ends Dec 2016 creates uncertainties SHANGHAI— SAIC Motor Corp., China’s biggest auto maker by sales, reported Wednesday that first-half net profit rose 6% from a year earlier, driven by a tax break that encourages small-car purchases. The Shanghai-based company, which produces cars

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BYD Daimler Launch Long Range Compact Electric Car

Denza, a Chinese brand co-owned by BYD and Mercedes-Benz parent company Daimler, annouce the first long range, mass market Electric Car.  Denza400 is based on the last generation of the Mercedes B-Class, a compact electric motor generating 181 horsepower and 221 pound-feet of instant torque, and a 62kWh battery pack mounted under the passenger compartment. The pack stores enough juice to give the 400

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Malaysia Car Market Down in July Due to Festive Holidays

So said Malaysia Automotive Association (MAA) but Analysts says otherwise. Malaysia’s slowing economy and rising cost of living  continue to keep the consumer sentiment remains illusive and volume uptick prospect is in doubt despite discount offers. KUALA LUMPUR (NewsRise) – After a big slump in July, Malaysia’s vehicle sales are expected to modestly rebound in the months ahead helped by new model

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Study Shows Affluent Consumers Willing to Buy Cars on Their Smartphones

Consumers would be just as willing to buy a car on their smartphone as they would buy a new bag of cat food or a pair of shoes. Whether it’s $20 or $20,000, consumers are turning increasingly to their mobile devices to complete their transactions. Looking to avoid car salesmen at all costs? You might consider turning to your smartphone instead. At least,

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Tesla Shares Rose As Musk Announce Longer Range Battery

Tesla Motors Inc. announced the P100D Battery Pack capable of going up to 315 miles/506km on a charge, 0 to 100km/h in 2.5 seconds. The company unveiled new versions of its Model S sedan and Model X sport-utility vehicle with 100 kilowatt-hour batteries; previously the largest battery size was 90 kwh. The upgrade—which Tesla executives said was made possible by increasing the energy

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