Archive: Page 6
Tesla Pays Back Government Loan Nine Years before the Stipulated Time
Article by Ayan Sengupta
Tesla has declared that it has paid back the complete loaned sum granted to it by the Department of Energy (DOE) during the year 2010 – around 9 years earlier than the stipulated time.
The California based firm wired the remaining sum of around $451 million on May 22nd.
The actual loaned sum was $465 million, though with the company’s most recent repayment, in addition to two earlier payments done during the last year and during the initial quarterly period of 2013, the administration has obtained the original sum lent to Tesla plus some in addition to some interest sum.
The concluding loaned sum was made making use of a section of the car manufacturer’s estimated $1 billion in funds lifted in concluding week’s concurrent offerings of ordinary shares and translatable senior notes.
For [...]
Ford to Shut Down Australian Production Till 2016
Article by Hamza Ansari
Ford had decided to shut down its both Australian plant till 2016, as had been suffering huge amount of losses due to the growing strength of Australian dollar, high maintenance cost, decline in sales and moreover, the day by day loss accumulating figures on the balance sheet. Chalking out calculations, it was revealed, the manufacturing unit in Australia for Ford was usurping in double the amount of European inputs and, four times to that of Asian facilities, confirmed Bob Graziano, President of Ford Australia.
Closing plant means lay-off as well. Hence, it is touted around 1200 employees will be led unemployed due to the plant closure, which we can say is quite a huge number in itself on seeing the labor power there. As learnt the Geelong based engine manufacturing plant, and also the vehicle [...]
Chevrolet Trax Spied in the Argentina Market
Article by Ayan Sengupta
As per reports, the much awaited Chevrolet Trax has been spied going through tests in the Argentinean market.
The report added that the said vehicle is likely to hit the South American nation by the last half of the existing year (2013). The Chevrolet Trax is already available in the European market.
At the present time, the Trax will be introduced in the budding zones of Latin American market as ‘Tracker’. The compact sport utility vehicle, Chevrolet Trax, is a straight rival of the well known car already in the market, Ford EcoSport.
In addition, the Chevrolet Trax is obtainable with two petrol engine choices that consist of 1.4-litre turbocharged and 1.6-litre normally aspirated; and a diesel mill primarily for Europe with 1.7-litre dislodgment.
The length of the compact sport utility [...]
‘Hellcat’ Supercharged HEMI V-8 Confirmed: Report
Article by Ayan Sengupta
There was news hitting headlines in the past that Chrysler was making proposals to make a supercharged HEMI V-8 engine to pick up the presentation of its SRT cars closer in proportion to contenders from Ford as well as Chevrolet.
Whilst the sources are yet to witness supercharged HEMI V-8 engine from the auto giant, news of the said engine’s existence is again in news.
As per Chrysler sources, the said supercharged HEMI V-8 substituting 6.2 liters is in progress and is likely to hit markets during the Dodge Challenger SRT8.
The supercharged HEMI V-8 engine is said to be capable of powering levels approaching the 640 HP of the 8.4-liter V-10 in SRT’s Viper super vehicle.
At the 2013 New York Auto Show, SRT chief executive officer (CEO) Ralph Gilles stated that an extreme edition of the [...]
2014 Lexus IS receives TRD upgrades
Article by Ayan Sengupta
Toyota Racing Development, the company which is responsible for the much of the Toyota’s venture into the motorsport world, has now revealed the first series of upgrades for the 2014 Lexus IS.
The upgrades include few dynamic additions and chassis enhancement. To improve aerodynamics TRD has added new spoiler extensions in the front, a small trunk lid spoiler, side sporty sills and a rear diffuser.
The chassis improvement comes with the 19 inches aluminum, additional bracing for suspension and sport dampers. A sport muffler kit is also available for the vehicle.
The price for the body kit has been kept at 437,700 Yen (which is approximately equal to $4,270), while the suspension upgrades can be yours at a price of 288,750 Yen (approximately $2,817) and the wheel kit can be brought at 527,625 [...]
