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October 23, 2017

Automobile

Ferrari’s supercar sales fuel second quarter earnings beat

By Agnieszka Flak MILAN (Reuters) – Italian luxury carmaker Ferrari posted better-than-expected quarterly earnings on Tuesday, helped by strong demand for its supercars from Europe and China and margins strengthened by special edition and personalised models. The company, spun off from Fiat Chrysler Automobiles at the start of the year, confirmed its full-year profit guidance,

Honda recalls older Accords with incorrect air bag modules

DETROIT (Reuters) – Honda Motor Co <7267.T> is recalling more than 11,000 decade-old Accord sedans, some of them for the fifth time since 2014, after dealers found the Japanese automaker originally had installed the wrong Takata <7312.T> air bag inflators in some cars, Honda said. Since 2008, Honda has recalled more than 8 million vehicles

Tesla’s model 3 sedan gets over 325,000 reservations

(Reuters) – Electric car maker Tesla Inc &lt;TSLA.O&gt; said on Thursday it had received more than 325,000 orders for its new Model 3 sedan in the first week of bookings. The reservations, which can be made by paying a refundable deposit of $1,000 (£710.8), correspond to about $14 billion (£9.95 billion) in implied future sales,

Ballore’s London electric car club scheme faces delay

By Costas Pitas LONDON (Reuters) – An electric car sharing scheme being rolled out in London by French firm Bollore is taking longer than expected to set up fully because contract talks with the capital’s local councils are dragging on. Cedric Bollore, the company’s director of development, said he wanted all of London’s 33 local

Tesla Model 3 to go into production in 2017 -CEO Musk

HAWTHORNE, California (Reuters) – Tesla Motors <TSLA.O> gave a sneak preview Thursday of its $35,000 (24,418 pounds) electric car that is critical to the Silicon Valley auto maker’s growth plans and soaring stock value. Chief Executive Elon Musk said the model 3, with a minimum range of 215 miles per charge, would go into production

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