Auto Sector

Car sales records increase in Europe in April

Car sales records increase in Europe in AprilAccording to the latest data available, the total number of cars sold in Europe recorded an increase during the month of April compared to the same month of the previous year.

Telsa receives more than 300,000 pre-orders for Model 3

California-based electric-car maker, Tesla Motors has announced that it has received more than 300,000 pre-orders for tis announced Model 3 vehicle.

The company has received around 325,000 pre-orders from buyers paying $1,000 per unit for the vehicle that was revealed just a week earlier. Industry experts have said that the company has achieved a lot of success in attracting buyers as it has received the high number of orders considering a requirement of $1,000 per unit and that buyers will have to wait several years before getting the vehicle.

Most Car Makers in the U.S Reported Strong Auto Sales in March

March turned out to be a good month for the major automakers as they reported healthy sales gains in the United States. For the auto industry it was one of its best months in over ten years.

However, the bright numbers signal that the companies are putting in greater efforts to boost sales. Many of them have increased discounts on cars and are also selling greater number of cars to rental car companies keeping a lower profit margin.

Fiat Chrysler Says Dealer’s Lawsuit is “Baseless”

Napleton Automotive Group filed a lawsuit in January against Fiat Chrysler Automobiles NV that alleges the auto maker of inflating the sales report for its new-vehicles. But the automaker lashed back saying the lawsuit is "baseless" and accused the Illinois car dealer of blaming the carmaker for its own shortcomings of not being able to meet the minimum car sale deadline.

Tesla Rolls Out Invitation for an Event in Los Angeles where It will Unveil the Model 3

Tesla Rolls Out Invitation for an Event in Los Angeles where It will Unveil the Model 3In Los Angeles, the Model 3 is slated to be unveiled on March 31. According to Tesla Motors Club website, the electric vehicle is going to cost $35,000 per car. This week, the Tesla owners and fans started to get invitations for the event.

Last month, Elon Musk, Tesla's CEO tweeted that the company will start taking reservations at Tesla stores from March

Tesla Claims That GM is the Driving Force behind the Bill to Stop Tesla from Selling its Own Cars In Indiana

Tesla Motors Inc. for long has fought with auto dealers regarding the company's practice of selling its own cars directly to consumers bypassing the dealers.

Now the drama has taken a new twist, as claims that General Motors specifically is the main driving force that is behind a bill to see Tesla out of Indiana and to quash the company's business.

In Indiana, Tesla has a licensed to sell cars to its customers directly and has operated a store for a couple of years in Indianapolis.