Author: Ritters US Newsfeed

UPDATE 2-Nissan sees electric car sales surging to 1 mln annually by 2022

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T) announced plans to sell 1 million electric vehicles (EVs) annually by 2022, a six-fold jump from what it sold last year, and said it had no plans to stop testing its self-driving cars on public roads, calling them safe. FILE PHOTO: The logo of Nissan is seen… Continue reading UPDATE 2-Nissan sees electric car sales surging to 1 mln annually by 2022

UPDATE 3-Tesla shareholders approve CEO Musk’s $2.6 bln compensation plan

SAN FRANCISCO/BOSTON (Reuters) – Tesla Inc shareholders approved a compensation package potentially worth $2.6 billion for Chief Executive Elon Musk on Wednesday in a test of their confidence in the leader of the electric car company. Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the… Continue reading UPDATE 3-Tesla shareholders approve CEO Musk’s $2.6 bln compensation plan

Fatal U.S. self-driving auto accident raises novel legal questions

NEW YORK (Reuters) – The death of a pedestrian hit by a self-driving Uber vehicle in Arizona this week could offer a test of who can be held legally responsible for accidents when a human is no longer at the wheel, legal experts said. Traffic passes an intersection just north of the location where a… Continue reading Fatal U.S. self-driving auto accident raises novel legal questions

UPDATE 1-BMW searched by German police in emissions swoop

FRANKFURT/MUNICH (Reuters) – BMW’s headquarters were raided on Tuesday by German prosecutors investigating the suspected use of illegal emissions control software capable of manipulating exhaust levels. A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst About 100… Continue reading UPDATE 1-BMW searched by German police in emissions swoop

Elon Musk in talks with Israeli AI vision firm Cortica -report

TEL AVIV (Reuters) – Silicon Valley billionaire Elon Musk was in Israel to discuss a collaboration between electric car company Tesla Inc (TSLA.O) and Tel Aviv-based artificial intelligence firm Cortica, the Globes financial news website said on Tuesday. FILE PHOTO – Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks… Continue reading Elon Musk in talks with Israeli AI vision firm Cortica -report

UPDATE 2-VW to invest $340 mln in Tennessee to build new SUV

WASHINGTON (Reuters) – Volkswagen AG (VOWG_p.DE) announced on Monday that it plans to invest $340 million to build a new sport utility vehicle at its Chattanooga, Tennessee, plant in the United States as demand surges for larger vehicles. FILE PHOTO – The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell It… Continue reading UPDATE 2-VW to invest $340 mln in Tennessee to build new SUV

Carrefour buys majority stake in French meal delivery company

PARIS (Reuters) – French retailer Carrefour (CARR.PA) said on Thursday it was buying a majority stake in Quitoque, a French company that delivers meal kits to homes, as part of plans to beef up its digital offering. A Carrefour logo is seen on a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018.… Continue reading Carrefour buys majority stake in French meal delivery company

UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars

WASHINGTON (Reuters) – General Motors Co (GM.N) said on Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan. A self-driving GM Bolt EV is seen during a media event where Cruise,… Continue reading UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars