Online Car Sales Company Carwow Raises $39 Million

Online car-purchasing platform Carwow just announced that it has raised another 30 million pounds from investors, bringing the total amount raised by the company to 48 million pounds – or about $63 million USD - for its online car marketplace. ...

Electric Vehicles Not Moving the Needle

The constant deluge of press covering Elon Musk and Tesla distort our perception of the electric vehicle market as a whole. Tesla’s success in attracting media ...

Incentive Reliance Hits Nissan and Hyundai Hard

American car buyers love a deal. And if you can’t give them a deal, then you can’t get them to buy. But heavy incentives are taking a big hit out of Nissan Motor and Hyundai Motor. The automakers have spent more incentivizing US buyers than ever befo...

Tesla Party for Model 3 Might Get Crashed

On Friday night, Tesla is holding a party for staff and select invitees when they deliver the first 30 Model 3s, but the big event might put some buyers in a foul mood. The first thirty models will go to Tesla and SpaceX employees who can test the ca...

Fiat Chrysler Posts Q2 Profit Driven By Maserati

Today Fiat Chrysler (FCA) announced an increase in second quarter net profit up 52% to €1.1 billion after adjusting for one-time items.  Despite flat revenues and a reduction of 1% in combined worldwide shipments, FCA delivered increased profit margi...