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Autos Automobiles and Components

  • *To invest 300 mln euros more in electric drives by 2021. BERLIN/ FRANKFURT, April 25- Car components maker Continental AG is set to invest an extra 300 million euros in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday. By raising spending on development of new products such as charging...

  • DETROIT, April 25- AutoNation Inc, the largest U.S. auto retail chain, on Tuesday reported a higher quarterly net profit that beat expectations and said it expects sales and gross profit from used vehicle operations to rise in the second quarter. Revenue per vehicle for new cars rose 4 percent to $36,890, but slid 1 percent to $19,075 for used vehicles.

  • Hyundai introduced a flaw in a Dec. 8 update to the mobile app for its Blue Link connected car software that made it possible for car thieves to locate vulnerable vehicles, unlock and start them, said Tod Beardsley, research director with cyber security firm Rapid7 Inc.. Hyundai confirmed the bug's existence and said it moved quickly to fix the problem.

  • DETROIT, April 25- U.S. auto sales in April likely fell almost 2 percent from a year earlier, with consumer discounts remaining at levels high enough to threaten the industry's long-term health, industry consultants J.D. Power and LMC Automotive said on Tuesday. The consultancies also lowered their full-year 2017 forecast for new vehicle sales to 17.5 million...

  • A Waymo self-driving car.

    Waymo, Google's self-driving car project will allow hundreds of people in Phoenix to take rides in the vehicles to get feedback on the experience.

  • DETROIT, April 25- AutoNation Inc, the largest U.S. auto retail chain, on Tuesday reported a larger quarterly net profit that beat expectations and said it expect vehicle sales to rise in the second quarter with a higher gross profit per vehicle sold. Revenue per vehicle for new cars rose 4 percent to $36,890, but slid 1 percent to $19,075 for used vehicles.

  • Those vehicles have been tested in Arizona, California and Michigan. Waymo, Google's self-driving car project, said Tuesday that it will allow hundreds of people in Phoenix to take rides in the vehicles so that it can get feedback on the experience. The Phoenix program will be much larger in scale, and it will be the first to use the Pacifica minivans.

  • SAN FRANCISCO, April 25- Alphabet Inc's Waymo autonomous vehicle group will begin testing a self-driving car program for hundreds of families in Phoenix, Arizona and is buying 500 Chrysler minivans to do so, the companies said on Tuesday. Silicon Valley is racing to master self-driving technology, betting that it will transform the auto industry and be a gold...

  • SHANGHAI— In a story April 22, The Associated Press reported that General Motors Co. expects annual sales of electric vehicles to reach 150,000 by 2020 and possibly surpass 500,000 by 2025.

  • This Ford Mustang is displayed during the Vienna Autoshow, as part of Vienna Holiday Fair. The Vienna Autoshow will be held January 12-15, on January 11, 2017 in Vienna, Austria.

    "The legacy of Mustang continues to grow, and in places it never reached before,” said Mark Schaller, Ford Mustang marketing manager.

  • FRANKFURT, April 24- Germany is against European Commission plans to overhaul a vehicle emissions testing scheme, Sueddeutsche Zeitung said, citing European Council documents submitted by Germany. The newspaper reported Germany has rejected an EU Commission proposal to change the way the vehicle testing authorities are funded and managed, citing...

  • DETROIT, April 24- U.S. auto parts maker Flex-N-Gate will build a plant in Detroit in what local officials described on Monday as the first new investment by an automotive supplier in decades for Motor City, the cradle and former beating heart of the car industry. "This is the largest automotive supplier investment in Detroit in more than 20 years," Mayor Mike Duggan...

  • PARIS, April 24- French prosecutors have opened a formal investigation into suspected diesel emissions test-cheating by carmaker PSA Group, a court official said on Monday. Paris- based PSA in February became the fourth carmaker to be referred to prosecutors by France's DGCCRF consumer fraud watchdog over suspected diesel test manipulation in the wake of...

  • Tesla is adopting a risky assembly line strategy for the Model 3

    Tesla is making a big bet on the Model 3, issuing aggressive production deadlines and volume goals.

  • WASHINGTON— The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs' attorney said could expose the company to billions of dollars in additional claims. An attorney representing hundreds of plaintiffs who are suing the company said it exposes GM to around...

  • April 24- Tesla Inc Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them. "He's pushing the envelope to see how much time and cost he can take out of the process," said Ron Harbour, a manufacturing consultant at Oliver Wyman.

  • SAN FRANCISCO, April 21- Apple Inc outlined a plan to train operators of self-driving cars in documents submitted to California regulators earlier this month, the latest clues to the company's autonomous vehicle technology aspirations. Apple was granted a permit to test self-driving cars on April 14 by the California Department of Motor Vehicles but the...

  • DETROIT, April 21- A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. District Judge Sean Cox said in approving the settlement that required the automaker to make significant reforms.

  • DETROIT, April 21- A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. District Judge Sean Cox said in approving the settlement that requires the automaker to make significant reforms.

  • DETROIT, April 21- A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation over the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. District Judge Sean Cox said in approving the settlement that requires the automaker to make significant reforms. He also formally approved a...