Tesla may form JV with local firm (ecns)
The US electric car maker Tesla Motors Inc (NASDAQ:TSLA) is likely to form a joint venture with a Chinese automaker, the Economic Observer newspaper reported over the weekend. East China’s Anhui Province-based automaker JAC Motors might be the mainland partner of Tesla to establish the JV, said the report. Tesla, which has been shaking up the global auto industry with its electric car offerings, reportedly started to accept reservation orders from mainland buyers for its Tesla S model in late August, aiming for a presence in the world’s largest auto market.
GM’s Lansing Plant Builds 1 Millionth Cadillac (Carscoops)
Some 12 years after its grand opening in late 2001, General Motors Company (NYSE:GM)’s Lansing Grand River Assembly Plant in Michigan rolled out its 1 millionth Cadillac model, which happened (?) to be the all-new 2014 CTS sedan that goes on sale this October. Along with manufacturing all three generations of the CTS from the beginning of its introduction in 2002, the Lansing plant also assembles Cadillac’s newest addition to the range, the ATS compact executive saloon, with the cars exported to 11 countries worldwide, according to General Motors Company (NYSE:GM).
Ford to install 200 charging stations at U.S., Canada facilities (Automotive News)
Ford Motor Company (NYSE:F) will install electric vehicle charging stations at more than 50 of its facilities in the United States and Canada, making it easier for employees to charge their plug-in vehicles while they’re at work. Ford will begin installing the roughly 200 charging stations this year and hopes to finish by mid-2014, said Mike Tinskey, Ford global director of vehicle electrification infrastructure. The 220-volt charging stations will be at Ford factories, product development centers and marketing and sales offices around the country. There are already about 1,700 charging stations at Ford Motor Company (NYSE:F) dealerships and company facilities in North America.
Tesla Debuts In Europe But Germans Pile On The Pressure (Trefis)
Tesla Motors Inc (NASDAQ:TSLA) growth story has been spectacular with shares jumping more than fourfold in 2013 itself. The company is now valued at more than $20 billion. After winning over customers in the U.S., the automaker is set to make its European debut. Tesla officially released its Model S at the recent Frankfurt Motor Show and even installed a Supercharger in the city. In fact, by the end of 2014, Tesla plans to build a pan-European network of chargers. There will be at least one Supercharger within 200 miles of every person in Europe. Tesla Motors Inc (NASDAQ:TSLA)’s Model S has a higher battery range – 230 miles or 300 miles, depending on the model variant.
General Motors Maintains Top Ranking in ABI Research’s Car OEM Safety and Security Telematics Competitive Assessment with OnStar Offer; Ford and Toyota Ending Second and Third (SYS-CON Media)
General Motors Company (NYSE:GM) ranked first in ABI Research’s Car OEM Safety and Security Telematics Competitive Assessment performing strongly across regional coverage (having launched OnStar recently in Mexico); market share; quality and reliability; and feature set with advanced stolen vehicle tracking, emergency calling, and remote diagnostics services. In second place was Ford Motor Company (NYSE:F), excelling in regional coverage, market share, and pricing offering free emergency calling and remote diagnostics services via phone integration hybrid technology. Toyota Motor Corporation (ADR) (NYSE:TM) took third place, scoring high on quality and reliability, and ecosystem partnerships.
Ford gets investment boost from Ontario, Ottawa (The Globe and Mail)
The federal and Ontario governments will contribute about $135-million to an investment Ford Motor Co. will make in its Oakville, Ont., operations that will secure the future of the company’s only Canadian assembly plant and 3,000 jobs into the next decade. Ford Motor Company (NYSE:F) will spend between $675-million and $725-million to retool the Oakville plant, which will assemble mid-sized crossover utility vehicles for North American and global markets, said sources familiar with an announcement scheduled to be made on Thursday by Ford executives and senior government officials.
New Chevy Silverado & Tahoe (CNBC.com)