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Category: Vehicles

Elio Motors Seeks to Raise $100 Million

Elio Motors Seeks to Raise $100 Million

| August 3, 2017

Elio Motors, Inc. (OTC QX:ELIO), a startup vehicle manufacturer planning to launch a three-wheeled vehicle, with a targeted base price of $7,450, that will deliver up to 84 mpg, has announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering […]

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Heavy & Medium Duty Preliminary Orders Show Q/Q Decline, Up 37% from Last Year

Heavy & Medium Duty Preliminary Orders Show Q/Q Decline, Up 37% from Last Year

| July 6, 2017

After an unexpected rally in Q1, 2017, North American MD & HD Classes 5-8 net orders moderated in the second quarter. While orders were lower quarter over quarter, year over year comparisons are positive by a wide margin. In June, total Classes 5-8 net orders rose over 37% year-over-year to a seasonally adjusted 43,000 units. […]

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Flying Cars Coming Soon?

Flying Cars Coming Soon?

| June 15, 2017

Buckle up. A leading expert anticipates that automotive OEMs, start-ups, aerospace companies and other players will make significant investments in the flying cars market and showcase their prototypes in the next 10 years. According to Frost & Sullivan, flying cars are poised to usher in a whole host of new business services by 2035, including […]

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Spartan Motors Wins Two Orders for 900 Vehicles

Spartan Motors Wins Two Orders for 900 Vehicles

| May 18, 2017

Spartan Fleet Vehicles & Services has announced an expanded order from a leading American-based delivery services company to include 800 of Spartan’s fuel-efficient Utilimaster Reach® walk-in vans. The vehicles will be built at Spartan’s Charlotte, Mich. facility over the course of the next eight months. Additionally, a separate global logistics leader ordered 72 of the […]

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Sales of Commercial Class 5-8 Vehicles Cool Off in April, Down 13%

Sales of Commercial Class 5-8 Vehicles Cool Off in April, Down 13%

| May 3, 2017

Following eight consecutive months with steadily higher volumes, North American Medium Duty & Heavy Duty Classes 5-8 net orders moderated in April’s preliminary reading, sliding 13% from March to 42,500 units. All of the month-over-month decline in April was related to slower Medium Duty vehicle orders. Nonetheless, North American Class 8 orders continued on the […]

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Auto Sales Expected to Decline in April for 4th Straight Month

Auto Sales Expected to Decline in April for 4th Straight Month

| May 2, 2017

The future resale value of a vehicle, projects total new vehicle sales, including fleet deliveries, will reach 1,440,200 units in April, down 3.9 percent from a year ago and nearly flat on a selling day adjusted basis at -0.2 percent. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated […]

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