Home / Tag Archives: Motors

Tag Archives: Motors

General Motors Co. invests $500 million in Lyft Inc, signalling new era of partnership between auto makers, Silicon Valley


General Motors Co. is investing US$500 million in ride-sharing company Lyft Inc. to create a network of on-demand, self-driving cars — another signal that traditional auto makers aren’t prepared to sit idly by while Silicon Valley eats their lunch. The move comes at a time of major flux in the …

Read More »

General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend


DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

Read More »

How Local Motors hopes to disrupt the auto industry with a $53,000 3D-printed car


DETROIT — Forget Tesla’s electric vehicles and Google’s self-driving cars — a little-known company called Local Motors Inc. wants to be the disruptor that turns the auto industry on its head. As Detroit readies for auto show, Las Vegas’ CES may have already stole the spotlight CES really stuck it …

Read More »

Tesla Motors Inc posts 11th straight quarterly loss, but expects to become profitable in 2016


Tesla Motors Inc forecast deliveries of Model S sedans and Model X SUVs that topped analysts’ estimates and said it expects to turn in a profit in 2016, sending its shares 15 per cent higher in after-hours trading. The electric car maker has long enjoyed the status of Silicon Valley …

Read More »