A survey released by analysts of the banking group Goldman Sachs auto industry showed that shares of Tesla (TSLA) are overvalued, despite promising technology that the company offers in their electric vehicles.
Cadillac has ambitious growth plans for the European continent. According to the brand, the strategy for the coming years will be sustained by three pillars: full range of premium cars, excellence in customer relationships and developing new urban automotive experience.
Toyota is working on developing a wireless technology to recharge their plug-in hybrid and electric models. The system will be tested later this month as part of a managed program by Aichi prefecture, Japan.