WASHINGTON (Reuters) – Ford Motor Co (F.N) agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th… Continue reading UPDATE 1-Ford agrees to $299.1 mln U.S. Takata air bag settlement
Author: Ritters US Newsfeed
Ford agrees to $299.1 mln U.S. Takata ‘economic loss’ settlement
WASHINGTON (Reuters) – Ford Motor Co (F.N) agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th Geneva… Continue reading Ford agrees to $299.1 mln U.S. Takata ‘economic loss’ settlement
UPDATE 1-Tesla hits 200,000 cars, meaning lower tax credit for buyers
(Reuters) – Tesla Inc has delivered 200,000 electric cars to buyers in the United States, a spokesperson said on Thursday, meaning tax credits will now begin to be lowered, while rivals such as Mercedes-Benz, BMW AG and Audi AG will bring electric models to the market with a full tax credit in place. FILE PHOTO:… Continue reading UPDATE 1-Tesla hits 200,000 cars, meaning lower tax credit for buyers
Panasonic plans to halve cobalt content of car batteries in two-three years
TOKYO (Reuters) – Panasonic Corp (6752.T) plans to halve the cobalt content of its mass-produced automotive batteries “in two to three years”, an executive at the Japanese conglomerate said on Thursday, as battery makers look to reduce costs. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of… Continue reading Panasonic plans to halve cobalt content of car batteries in two-three years
XMotors says employee did not pass along sensitive Apple info
BEIJING (Reuters) – Chinese-owned electric vehicle firm XMotors said on Wednesday that there is no indication that ex-Apple Inc worker Zhang Xiaolang ever communicated any sensitive information from Apple to XMotors. FILE PHOTO: The Apple Inc. logo is shown outside the company’s Worldwide Developers Conference in San Francisco, California, U.S., June 13, 2016. REUTERS/Stephen Lam/File… Continue reading XMotors says employee did not pass along sensitive Apple info
Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal
KUALA LUMPUR (Reuters) – Malaysia is studying monopoly risk in the ride hailing market following the merger of Grab and Uber, the transport ministry said on Wednesday. FILE PHOTO: A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo Uber Technologies Inc sold its Southeast Asian business to bigger… Continue reading Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal
After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media… Continue reading After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
UPDATE 2-After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media… Continue reading UPDATE 2-After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
Daimler, Bosch to deploy self-driving taxis in California test program
SAN FRANCISCO (Reuters) – German automaker Daimler AG and auto supplier Bosch Corp [ROBSCJ.UL] will deploy self-driving taxis in California’s Silicon Valley region next year as part of a test program of vehicles designed for city driving, the two companies said on Tuesday. FILE PHOTO: The Mercedes-Benz F015 Luxury in Motion autonomous concept car is… Continue reading Daimler, Bosch to deploy self-driving taxis in California test program
Bike-share schemes battle for Paris turf, but it’s not all free-wheeling
PARIS (Reuters) – Grabbing a bicycle from a docking station and riding the streets of Paris used to be one of the city’s many charms, but the once-loved Velib system has fallen into disarray and some new dockless bike-share schemes are struggling to survive. FILE PHOTO: An employee of Velib’ Metropole self-service public bike by… Continue reading Bike-share schemes battle for Paris turf, but it’s not all free-wheeling