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Electric-car company Tesla (NASDAQ:TSLA) is planning a surprise announcement in China on Friday, May 31, according to a Tesla post on Weibo, a Chinese social network. A day later, Tesla launched an online contest in China for people to guess the price of the made-in-China Model 3 -- suggesting the mysterious announcement has something to do with a Chinese version of the vehicle. This planned announcement comes as Tesla is making significant progress on its Gigafactory Shanghai -- a factory for building Model 3 vehicles in Shanghai. The automaker hopes building vehicles in the country will reduce costs for Model 3 in the important market while increasing global production and deliveries. Tesla's Gigafactory Shanghai is a massive undertaking that Tesla started to construct in January. Initially, the company is aiming for Model 3 production of 3,000 units per week in China. Tesla explained in its fourth-quarter shareholder letter. According to management's commentary on its Gigafactory Shanghai in Tesla's first-quarter shareholder letter, the China-based Model 3 production line will come online faster and more efficiently than the line at the company's factory in Fremont, California. With Tesla planning a special announcement in China this week, it's possible that the automaker is planning to launch a version of Model 3 with specifications catering to the local market. It's no surprise Tesla is investing heavily in the country. Not only is China the world's largest auto market but it's been the source of a large portion of Tesla's growth in recent years. 1.8 billion, or 8% of total revenue.
PORSCHE has taken the wraps off its open-top 992-generation 911, with the manufacturer revealing the new Cabriolet six weeks after its hard-top counterpart debuted at the 2018 Los Angeles Auto show. Like the Coupe, the only variants that are mentioned so far are the rear-wheel drive Carrera S and all-wheel drive Carrera 4S, with others to follow later this year. Owing to the addition of the folding roof mechanism, the Cabriolet is 0.2 seconds slower to hit 100km/h than the equivalent Coupe, with the run taking a still-brisk 3.9 seconds. A new eight-speed dual-clutch transmission is on offer for the 992-generation 911, and although there is no mention yet of a manual offering, we can expect to see a 7-speed self-shifter at some point. Another new debut for the 911 Cabriolet is Porsche鈥檚 optional Porsche Active Suspension Management (PASM) which was previously only on offer for hard-tops. A drop in ride height of ten millimetres combines with shorter and stiffer springs, more rigid front and rear anti-roll bars and an adjustable damping system to give the chassis a sportier tune. Complementing the full-width rear light bar is an equally-wide active rear spoiler which gives the Cabriolet鈥檚 humpback more purpose. Stepping inside you鈥檒l find a stand-out 10.9-inch centre display which integrates with a newly-designed centre console. Porsche鈥檚 previous PDK gear shifter has been shelved in favour of a stout toggle which is flanked by touch-sensitive glass panels for different driving settings. The tachometer remains central in the instrument cluster, with digital displays showing driving information on either side.
Porsche offers services to both the general public and to business consumers. These services range from things like maintenance at the dealerships for both current and previous models, all done by certified Porsche technicians. To business orientated services like Porsche Consulting that helps companies develop mechanical, calibration and CAD systems for different applications whether it be automotive or otherwise. Porsche uses their dealerships as a way to distribute their services. Through their dealerships they have a chance to find out more about their customer's lifestyle and can offer them additional services and products that would benefit them. Porsche realizes that their dealerships can serve a purpose beyond just selling the car, it can make a one time buyer a repeat customer. They also offer the Porsche Classic service that offers genuine parts for discontinued models. Porsche has invested a lot in emerging markets like China. To ensure their success, they have been focusing on completing over a hundred dealerships by 2016. In hopes that they can satisfy demand and be able to distribute their services efficiently to their customers. Porsche also offers the Porsche Driving School that focuses on teaching customers how to get the most out of their cars. Porsche employes racing drivers as instructors to attract clients and to have them taught by people who have real racing experience. They hold events at world renown race tracks and drivers can also earn their racing licenses through this service. Porsche offers a few different pricing options for the driving lessons. 6,000 for a three day racing licenses (Masters Plus) course.