Mercedes Benz

Base Tesla Model 3 gets more range, slower acceleration, $8,000 price hike vs. earlier this year    Green Car Reports

The car also was stripped of its designation as Top Safety Pick+ from the Insurance Institute for Highway Safety.The moves came after Tesla announced that, as of May 1, its Model 3 and Model Y SUVs replaced the radar based system it used to detect obstacles with a camera-based system it dubbed “Tesla Vision.””These will be the first Tesla vehicles to rely on camera vision and neural net processing to deliver Autopilot, full-self driving and certain active safety features,” said a statement that Tesla posted on its website. Tesla did not respond to a request for comment about the changed ratings designations.The change in technology prompted the US federal safety regulator, the National Highway Traffic Safety Administration, to drop the cars’ listing as having automatic braking or a front collision warning system. And that, in turn, prompted Consumer Reports to change its rating on the Model 3.”To be considered for a Consumer Reports Top Pick, a vehicl...

Tesla Model 3 Loses Coveted ‘Top Pick’ Consumer Reports Rank    Bloomberg

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BEIJING -- China's Geely is building a new plant to produce a quarter of a million bigger-sized cars that it expects will power future growth and help meet its goal of selling more than 2 million vehicles by 2020, two people familiar with the matter said. Zhejiang Geely Holding Group Co., one of China's five biggest automakers and the owner of Volvo, is building the facility in the eastern port city of Ningbo where it already operates an assembly plant, as per the sources and information on a Geely-owned construction bidding procurement website. Once known for its cheaper, copycat designs and shoddy quality, Geely has assumed upmarket aspirations after the Volvo deal and has expanded sales significantly since 2016 by banking on smaller compact cars. The planned capacity increase underscores its ambitions as well as the shift in customer preferences toward bigger vehicles such as utilities and minivans in China, the world's biggest auto market. The new capacity will enable G...