European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
By 2021, Ford hopes to have a self-driving vehicle with "no gas pedal" and "no steering wheel," with no need for the passenger to take control "in a predefined area," Fields told CNBC "Squawk on the Street" on the sidelines of the Detroit auto show.
"In our industry, the word autonomous is being used very, very liberally. There's different levels of autonomy," Fields contended. "The question that should be asked when a company says they're going to have an autonomous vehicle ... is at what level."
The levels — defined by automotive and aerospace engineer association SAE International — gauge the capabilities of self-driving vehicles, go from zero, or no automation, to five, or full automation.
"In our case, we said a Level Four vehicle in 2021," explained Fields in a wide-ranging interview, during which he also told CNBC that President-elect Donald Trump's proposed tax or trade reforms would not influence Ford's long-term goals.
SAE characterizes a Level Four self-driving vehicle as one that uses an automated system for "all aspects of the dynamic driving task, even if a human driver does not respond appropriately to a request to intervene."