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Chief Executive Officer of the American company Terrafugia, Chris Jaran, announced the start of collecting pre-orders for the world's first flying car in October. Deliveries to customers of this hybrid gasoline-electric flying device, accommodating only two people, will begin in 2019. Terrafugia belongs to the Chinese automaker Geely. Xinhua News Agency writes that the first batch of new cars are planned to be sold in the US. Because of the high price, these flying cars are most likely to be used by businesses or transport companies. Jaran also said that in October this year another model of the TF-2 flying car will be introduced. It will go on sale in 2023.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
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