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Added on the 16/06/2015 15:43:17 - Copyright : Reuters EN
A German court has dismissed a Volkswagen customer's plea to cancel the purchase of his vehicle, which was affected by the carmaker's cheating software. It's a welcome win for VW but, as David Pollard reports, new car sales show the German auto maker is lagging rivals.
New car sales in Europe rose 6.2 percent in January as a gradual recovery in the region gained momentum. As Grace Pascoe reports retail incentives and new product launches boosted demand for most brands.
European new cars sales are up 6.2% from year-ago levels after volume and premium leaders recorded stronger demand in key markets. Ciara Lee reports.
US President Joe Biden unveils a target backed by the Detroit automakers for half of all cars sold in the United States by 2030 to be zero-emission vehicles, before signing an executive order to that effect. SOUNDBITE
Tesla's recently announced plan to sell up to $5 billion in shares. Wedbush analyst Dan Ives said this is "the smart move at the right time" for CEO Elon Musk and the rest of the company. On Tuesday, Tesla revealed it will offer shares "from time to time" with 10 banks serving as sales agents. The announcement comes as Tesla stock sits 667% higher year-to-date. The massive rally allows Tesla to "build up its treasure chest and capital-expenditure capabilities" while shares sit near record highs, Ives said. Business Insider reports that Tesla dipped as much as 1.7% in early trading on the news.
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