×

Autos Automobiles and Components

  • April 14- Apple Inc has secured a permit to test autonomous vehicles in California, the state Department of Motor Vehicles said on Friday. Apple joins a growing list of traditional carmakers, technology companies, and small start ups to test drive cars in California- all vying to be the first to bring self-driving cars to the masses. After a five-page letter in...

  • WASHINGTON, April 14- Volkswagen AG said on Friday the company has bought back or repaired more than half of 475,000 polluting 2.0- liter diesel vehicles under a U.S. government settlement, just six months after it launched the largest-ever automotive repurchase offer. In March, VW pleaded guilty to fraud, obstruction of justice and falsifying statements as...

  • WASHINGTON, April 14- Volkswagen AG said on Friday the company has bought back or repaired more than half of 475,000 polluting 2.0- liter diesel vehicles under a U.S. government settlement, just six months after it launched the largest-ever repurchase offer. The world's largest automaker said in a letter to a U.S. judge overseeing the settlement that as of...

  • TOKYO, April 14- Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people briefed on the process said. Car-parts maker Key Safety Systems Inc and Bain Capital LLC are the preferred bidder for Takata, whose faulty air bags have...

  • SEOUL, April 14- Hyundai Motor Co and Kia Motors Corp expect it will be difficult to sell 1 million vehicles in China this year due to political tension- a figure that is around half their initial target, the Aju Business Daily quoted an executive as saying. The automakers' combined China sales slumped 52 percent in March from a year earlier, hit by anti-Korean...

  • WASHINGTON, April 13- General Motors Co said on Thursday it will add more than 1,100 jobs in California over five years at its Cruise Automation unit to boost its self-driving efforts after receiving $8 million in state tax credits. GM is testing more than 50 Chevrolet Bolt electric vehicles with self-driving technology on public roads in San Francisco, the...

  • WASHINGTON, April 13- General Motors Co said on Thursday it will add more than 1,100 jobs in California over five years at its Cruise Automation unit to boost its self-driving efforts after receiving $8 million in state tax credits. The largest U.S. automaker said it is investing $14 million in a new research and development facility in San Francisco that will...

  • Jay Leno's Garage Returns This Summer

    Superstar comedian and car aficionado, Jay Leno, is back with new episodes of Jay Leno's Garage. Are you ready to take the ride of your life? Jay Leno's Garage returns this June.

  • NEW YORK— Thursday at the New York International Auto Show was a day for automakers that sell to the wealthiest of car buyers to show their high-powered stuff. Koenigsegg Automotive of Sweden unveiled the Agera RS1, a hand-built car made partly of carbon fiber with a twin-turbo 5- Liter V8 that puts out up to 1,360 horsepower. Dutch automaker Spyker Ltd. showed...

  • NEW YORK— Volkswagen of America's CEO says he's confident the brand's sales will recover from a diesel emissions cheating scandal as it rolls out new SUVs for the U.S. At the New York auto show, Woebcken announced that VW will build a smaller five-passenger SUV off the underpinnings of its Atlas seven-passenger vehicle. He wouldn't say when it will come out or...

  • SAN FRANCISCO— Austin Russell, now 22, was barely old enough to drive when he set out to create a safer navigation system for robot-controlled cars. Five years ago, Russell co-founded Luminar Technologies, a Silicon Valley startup trying to steer the rapidly expanding self-driving car industry in a new direction. During an interview in an empty warehouse on a...

  • SAN FRANCISCO, April 13- Luminar, a Silicon Valley start-up, is getting ready to manufacture its laser-based sensor for self-driving cars, a key component that would improve vehicle safety, the company said on Thursday. Founded in 2012 by two photonics experts, Luminar has kept a low profile in the race between automakers, startups and major technology companies...

  • FRANKFURT/ DETROIT, April 13- The race to develop and exploit autonomous vehicle technology is reshaping the hierarchy of the automotive industry, replacing traditional top-down manufacturing relationships with complex webs of alliances and acquisitions. That shift is behind deals like one announced last week between Robert Bosch and Daimler AG's...

  • Honda, Toyota and Hyundai have leased a few hundred fuel cell vehicles over the past three years, and expect to lease well over 1,000 this year. But for now, those leases are limited to California, which is home to most of the 34 public hydrogen fueling stations in the U.S. General Motors recently supplied the U.S. Army with a fuel cell pickup, and GM and Honda are...

  • FRANKFURT/ DETROIT, April 13- The race to develop and exploit autonomous vehicle technology is reshaping the hierarchy of the automotive industry, replacing traditional top-down manufacturing relationships with complex webs of alliances and acquisitions. That shift is behind deals like one announced last week between Robert Bosch and Daimler AG's...

  • TOKYO, April 13- Japanese stocks posted fresh four-month lows on Thursday morning as the yen spiked against the dollar after U.S. The greenback took a heavy hit after Trump told the Wall Street Journal that the dollar "is getting too strong" and that he would prefer the Federal Reserve to keep interest rates low. Rising U.S. tensions with Russia, North Korea and Syria...

  • The EPA said in September 2015 that it would review all U.S. diesel vehicles following an admission from Volkswagen AG that it had installed software in cars allowing them to emit up to 40 times legally permissible level of pollution. Dietmar Exler, president and CEO of Mercedes-Benz USA, told reporters at the New York auto show said the company's engineers are...

  • SAN FRANCISCO/ DETROIT, April 12- A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics." In a letter dated Monday, five investment groups including the California State Teachers...

  • NEW YORK, April 12- Automakers unveiled new sport utility vehicles at the New York auto show on Wednesday, boosted by low fuel prices and increasing demand, but said they were also moving ahead with new U.S. electric and plug-in hybrid vehicles for the U.S. market. Not to be outdone, Fiat Chrysler Automobiles NV took the wraps off a new limited version of its Jeep Grand...

  • SAN FRANCISCO/ DETROIT, April 12- A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board who do not have any ties with Chief Executive Elon Musk and "provide a critical check on possible dysfunctional group dynamics." In a letter dated Monday, five investment groups including the California State...