By Claudia Assis
Tesla shares rose 3.6% in after hours trading Wednesday after the electric car maker reported better-than-expected third-quarter earnings but missed its delivery target.
Category Archives: Useful Information
NHTSA fines Ferrari $3.5M for failing to submit early warning reports
The US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that Ferrari will pay a $3.5-million civil penalty and has been ordered to comply with NHTSA oversight requirements as set forth in a Consent Order for failing to submit early warning reports (EWR reports) identifying potential or actual safety issues.
NHTSA to Takata: Give us faulty air-bag documents
By Ben Klayman and Paul Lienert
U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp <7312.T> to provide documents and answer questions under oath related to the government’s ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles.
VW recalls Audi A4s in China over airbag software problem
Volkswagen Group’s joint venture with China’s FAW Group, FAW-Volkswagen Automobile, will recall 270,635 Audi cars in the country due to an airbag software issue, China’s quality watchdog said on Wednesday.
Ferrari will be spun off says Fiat Chrysler
Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value and distinguish it from its mass-market parent.
