Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and the carmaker’s majority investor knew about the diesel scandal and whether any evidence was destroyed. The holding company’s board must answer five questions originally asked at its 2016 annual shareholders meeting, a Stuttgart court said in… Continue reading Porsche Ordered to Reveal Who Knew What About VW Diesel Scam
Author: Bingborg Newsfeed
GM Drops the Steering Wheel and Gives Robot Driver Control
Next year, General Motors Co. will no longer need an engineer in the front seat babysitting the robot brain that controls its self-driving Chevrolet Bolt. The steering wheel and pedals will be gone, giving total control to the machine. When GM starts testing its autonomous electric sedan in San Francisco ride-sharing fleets, it’ll likely be… Continue reading GM Drops the Steering Wheel and Gives Robot Driver Control
Airbus Supplier GKN Spurns $9.5 Billion Bid
GKN Plc rejected an unsolicited approach from Melrose Industries Plc and said it will split itself in two rather than than accept a 7 billion-pound ($9.5 billion) takeover offer that it says undervalues the U.K. maker of aerospace and automotive components. GKN shares surged as much as 28 percent to an all-time high after the… Continue reading Airbus Supplier GKN Spurns $9.5 Billion Bid
California Approves $41 Million for Electric Vehicle Charging
California regulators approved proposals by utilities to spend $41 million on electric vehicle charging projects to help the state reduce greenhouse gases. PG&E Corp., Edison International and Sempra Energy can move forward with pilot initiatives designed to speed the electrification of school buses, ports and delivery trucks, the California Public Utilities Commission said Thursday. Other… Continue reading California Approves $41 Million for Electric Vehicle Charging
Ford Sued by Truck Owners Claiming Diesel Engines Were Rigged
Ford Motor Co. rigged at least 500,000 heavy-duty trucks to beat emissions tests, drivers claimed in a lawsuit, adding to the tally of carmakers linked to diesel-cheating allegations worldwide that started in 2015 with Volkswagen AG. Ford’s F-250 and F-350 Super Duty diesel pickups, a slice of the top-selling F-Series, are spewing emissions as much… Continue reading Ford Sued by Truck Owners Claiming Diesel Engines Were Rigged
Cruising With No Hands at 80 MPH in Renault’s Autonomous Car
It had snowed, rained and even hailed a little that morning in the northern French region of Normandy, and we were about to take a new car out for a test drive — a unique model Renault SA built and polished for over two years. Our stress levels were at a peak when the time… Continue reading Cruising With No Hands at 80 MPH in Renault’s Autonomous Car
Carlos Ghosn on Autonomous Cars, Tax Reform and Nafta
January 9th, 2018, 10:41 PM UTC Carlos Ghosn, chairman of Alliance Ventures, the world’s largest automotive alliance, discusses the future of autonomous cars, the impact of tax reform on the auto industry and the state of Nafta talks. He speaks with Bloomberg’s Emily Chang on “Bloomberg Technology.” (Source: Bloomberg)
Continental Considers Major Overhaul and Possible Breakup
Continental AG is in exploratory talks with advisers on what could amount to its biggest-ever overhaul and a possible breakup of the German auto-parts supplier, according to people familiar with the matter. Under scenarios being discussed, Continental could create a holding company for its divisions and then list shares of the more profitable units, such… Continue reading Continental Considers Major Overhaul and Possible Breakup
China’s Baidu Plugs `Apollo 2.0′ Self-Driving Platform in Vegas
Baidu Inc. unveiled a souped-up version of its open self-driving platform, declaring rapid progress with partners from Microsoft Corp. to TomTom NV in developing autonomous cars for China and beyond. China’s largest search engine used the Consumer Electronics Show in Las Vegas to announce an upgrade for its Apollo software, which it says will allow… Continue reading China’s Baidu Plugs `Apollo 2.0′ Self-Driving Platform in Vegas
Electric Cars and Autonomous Vehicles in the Spotlight at CES
05:00 Jim Strugger MKM Holdings LLC, Head:Derivatives Products 05:00 Nicholas Woodman Gopro Inc, Chairman/CEO/Founder 05:05 Alistair Barr Bloomberg LP, Editor:US Technology Team 05:15 Jehan Chu Kenetic Capital Advisors Ltd, Managing Partner 05:15 Cory Johnson Bloomberg Editorial, Anchor/Editor-At-Large:Bloomberg TV 05:30 Alexis Borisy Third Rock Ventures LLC (PE General Partner), Chairman/Co-Founder 05:40 Pascal Cagni C4 Ventures Ltd,… Continue reading Electric Cars and Autonomous Vehicles in the Spotlight at CES