N2A Motors is ready for the world stage at the premier automotive specialty products trade event … the SEMA Show. The 2016 SEMA (Specialty Equipment Market Association) Show will take place November 1-4 at the Las Vegas Convention Center. SEMA attracts more than 60,000 industry leaders from more than [...]
On Sunday, July 26th, Trion SuperCars, a US-based automotive technology company, unveiled their unique and innovative supercar–the Nemesis. In development since 2012, Trion SuperCars intends to shake up the existing supercar industry, challenging established European brands.
The first prototypes will be built by N2A Motors of California and should be out and about at the start of 2016. The company specializes in “custom auto manufacturer with a mission of reviving the art of American coach building.”
Gene Langmesser, owner and founder of N2A Motors has a long, successful history in the Aerospace & Automotive industry. He has developed a unique skill set affording him the ability to understand and implement any project from paper to pavement. Part visionary, part grease monkey, Gene has spawned world renowned engineering teams, executed cutting edge vehicle programs for both domestic and international OEMs, and has introduced new innovations that have transformed the [...]
Recently unleashed in California by Rezvani, this is the “Beast.” The brainchild of an award winning car designer, the Beast is a 500-hp lightweight Supercar with an open top design. And, N2A Motors is proud to have won the build contract for the Beast by Rezvani. Clocking 62 mph in just 2.7 seconds, it can hit a top speed of 165 mph, all with the roof permanently off. Is this a new breed of Supercar? Or just a rehash of stuff that is already out there? Whatever you think, you can’t argue that this is one impressive machine.
Comments Off on Tesla to join Nasdaq 100 as Oracle defects to NYSE
Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder base.
Comments Off on Toyota Camry, Honda Civic inventories rise, report says
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive set of [...]
Comments Off on Fiat exercises option to buy additional 3.3% of Chrysler shares
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]