TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers. The results came to light after the government had ordered the automakers to check their operations after revelations of improper… Continue reading UPDATE 3-Mazda, Suzuki, Yamaha Motor apologise for improper vehicle tests
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GM squeezes pounds and pennies to attack Ford’s pickup profit machine
FORT WAYNE, Ind. (Reuters) – When General Motors Co (GM.N) engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s (F.N) Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly line. FILE PHOTO: General Motors reveals its 2019 Chevrolet Silverado… Continue reading GM squeezes pounds and pennies to attack Ford’s pickup profit machine
Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing
TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co conducted improper fuel economy and emissions tests on their vehicles, Japan’s transport ministry said on Thursday. The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon/File Photo The report is… Continue reading Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing
New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft
The New York City Council has approved legislation that will halt the issuing of new licenses for ride-hailing services like Uber and Lyft. The stated goal of the policy is to give the city time to study the industry’s impact. During that time, ride-hailing companies would only be able to add new vehicles if they’re… Continue reading New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft
Tesla likely to face SEC investigation following Musk tweets amid debate of market manipulation
Elon Musk’s lawyers are probably pouring over rule 14e-8 of the Securities Exchange Act of 1934 right about now.
Musk tweet sparks debate on Tesla leadership
As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership
UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ
(Reuters) – U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday. Musk announced his plan on his personal Twitter account on Tuesday, and the U.S. Securities and Exchange… Continue reading UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ
Uber Hit With Cap as New York City Takes Lead in Crackdown
New York is the latest city to grapple with questions over how to regulate the company. In London, Uber’s most lucrative European market, Uber recently regained its taxi license after the company agreed to stricter regulations, including providing the city with traffic data. Uber has also faced regulatory battles in American cities, like Austin, Tex.,… Continue reading Uber Hit With Cap as New York City Takes Lead in Crackdown
Ford executive says baby offroader in product pipeline
(Reuters) – Ford Motor Co (F.N) plans to introduce a small utility vehicle based on its compact Focus sedan, with more rugged offroad styling cues than the Escape, a top executive said on Wednesday. FILE PHOTO – A Ford logo is pictured at a car dealership in Monterrey, Mexico, November 9, 2016. REUTERS/Daniel Becerril/File Photo… Continue reading Ford executive says baby offroader in product pipeline
Intel sold $1 bln of artificial intelligence chips in 2017
SANTA CLARA (Reuters) – Intel Corp on Wednesday said it sold $1 billion of artificial intelligence processor chips in 2017, the first time the world’s second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fueled sales expansions at rivals such as Nvidia Corp. FILE PHOTO: The Intel logo is shown at E3, the… Continue reading Intel sold $1 bln of artificial intelligence chips in 2017