Tesla on Wednesday became the highest-valued car maker as its shares surged to new record highs and the electric vehicle maker’s market capitalisation overtook that of former front runner Toyota.
Ford has agreed to pay a fine of R35-million and to offer three compensation options to the 56 Ford Kuga 1.6 EcoBoost owners whose vehicles caught fire.
Tesla CEO Elon Musk took to the stage late on Thursday to reprise a familiar role: pitching a future vehicle to a throng of adoring fans. This time, it’s the “Cybertruck” – his name for Tesla’s new electric pickup truck.
Ford will next year launch the first phase of a four-year renewable energy plan with the intention of making its Silverton production plant completely self-sufficient for all its energy needs.
Nissan, BMW and Volkswagen are among car makers in talks to bring the electric car revolution to South Africa, as the nation’s auto-factory floors risk being left behind in the global switch to greener vehicles.
A two-legged robot that is able to independently carry parcels from a self-driving delivery vehicle to the front door of customers is being tested by Ford.