Author: World_Newz Mon

GM’s Cruise autonomous car company postpones self-driving taxi launch

General Motors-controlled Cruise is delaying the rollout of a commercial self-driving taxi service that it previously said would start in 2019.The autonomous tech firm has mainly been testing vehicles on public streets in San Francisco, where it also shuttles employees in Chevrolet Bolt electric cars outfitted with cameras, Lidar and radar systems that are manufactured under the Cruise brand name.Cruise is in a race against several self-driving efforts, including Ford and VW-run Argo AI’s ride-hailing and delivery service scheduled for 2021, and Waymo.

Tesla expects the Model Y to be more profitable than the Model 3

Tesla expects its upcoming Model Y SUV to be more profitable than its Model 3 sedan, the electric-car maker said on Wednesday in its second-quarter earnings letter.Like Tesla’s Model X SUV, the Model Y will be able to seat seven people.Tesla reported a larger-than-expected loss for the second quarter, losing $US1.12 per share (versus an expected loss of $US0.31 per share) on revenue of $US6.35 billion (versus an expected $US6.45 billion).

China steps up investments in automotive industry

CHINA has long been a key market for global automotive manufacturers.The single biggest investment in the category is Geely’s stake in Daimler, which it bought for US$9 billion in February 2018, gaining about 9.7 per cent of the company and making it the single biggest shareholder in the German luxury-car company.The purchase by BAIC makes it the third-largest shareholder of Daimler and represents the biggest strategic investment by a Chinese government entity into a global carmaker.

Cycle & Carriage Singapore enters car leasing business, forms fleet partnership with Gojek

AUTOMOTIVE group Cycle & Carriage Singapore on Thursday said it has entered the car leasing business through the formation of a new unit wholly owned by parent company Jardine Cycle & Carriage (Jardine C&C).The new unit, Cycle & Carriage Leasing, will provide various leasing options from daily rentals to long-term car rentals of up to three years, and will also be available to private hire drivers.Cycle & Carriage Leasing’s fleet will consist mainly of brands represented by Cycle & Carriage Singapore – namely Kia Cerato, Kia Stonic, Kia Niro Hybrid as well as Mitsubishi Attrage.

Audi Hungaria announces HUF 41 bln expansion

German car maker Audi will spend HUF 41 billion to expand its vehicle manufacturing infrastructure, engine development center and electric motor unit in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday.Audi Hungaria Chairman Achim Heinfling – who departs the local unit in the fall to take over management of Audi AGʼs principal assembly plant in Ingolstadt, Germany – said the investment will be completed by the end of 2020.Audi Hungaria is playing a leading role in the area of electromobility within the Audi group, Heinfling observed.

Ford demonstrates all-electric F-150’s power with video of vehicle towing more than 1M pounds

Ford showed off the upcoming all-electric F-150 by demonstrating the pickup truck’s power with a video of the vehicle towing more than one million pounds.The automaker released the video of the truck Tuesday.The prototype then towed the rail cars but this time 42 2019 F-150s were added, pushing the weight up to more than one million pounds.