Category: Automotive

Car imports probe gives GM, Ford shares tiny lift

(Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. Washington said on Wednesday it will open a so-called Section… Continue reading Car imports probe gives GM, Ford shares tiny lift

Groupe PSA Improves Its €3 Billion Revolving Credit Facility

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) signed, on May 24th 2018, with its banking partners, an amendment of its €3 billion syndicated credit facility. This amendment improves the economic conditions of this credit facility, signed on April 8th 2014 and amended on November 10th 2015, and extends its maturity. Thus, Groupe PSA benefits from… Continue reading Groupe PSA Improves Its €3 Billion Revolving Credit Facility

Uber to develop flying taxis in Paris with new €20m research centre

Uber Firm’s first non-US Advanced Technologies Centre will host Elevate programme and research into electric transport Uber said that the Paris base will allow it to more easily work with European aviation regulators, such as the European Aviation Safety Agency. Photograph: Robyn Beck/AFP/Getty Images Uber is opening a new research centre in Paris to develop… Continue reading Uber to develop flying taxis in Paris with new €20m research centre

All electric vehicles in India possible only in 2050: Toyota

HYDERABAD: Toyota Kirloskar Motor has said the Centre’s earlier target of setting up an all-electric fleet from 2030 will be possible from only 2050 and suggested that hybrid cars will be an “interim” solution till that time.Vice-chairman and whole-time director at TKM, Shekar Viswanathan said the Japanese car maker is in the process of shipping… Continue reading All electric vehicles in India possible only in 2050: Toyota

Citroen C5 Aircross SUV launched in Europe

Citroën has officially launched the C5 Aircross in Europe, bringing a firm focus on in-car comfort to the compact five-seat SUV segment. One year after a China-specific model made its debut at the Shanghai motor show, Citroën has now repackaged the C5 Aircross to appeal to European customers. It is set to rival the Nissan Qashqai and… Continue reading Citroen C5 Aircross SUV launched in Europe

2020 Ssangyong Korando EV to be a ‘proper 4×4’

Ssangyong‘s first electric model will be a “proper 4×4” that’s “off-road capable” when it arrives on roads in 2020, according to the brand’s UK boss, Nick Laird. Arriving as part of the next-generation Korando SUV family, which will first launch in 2019 with conventional petrol and diesel versions, the electric variant will take inspiration from the e-SIV concept shown at the 2018 Geneva… Continue reading 2020 Ssangyong Korando EV to be a ‘proper 4×4’

Uber is building a flying taxi technology center in Paris

Uber Uber has wildly ambitious plans to send flying taxis soaring over cities, but building them will be orders of magnitude harder than anything it has ever done. As such, the company announced that it will open a Paris lab dedicated to its Elevate program called the Advanced Technologies Center in Paris (ATCP). Uber will… Continue reading Uber is building a flying taxi technology center in Paris

Apple’s Robot Cars Are Driving In the Slow Lane

A few years ago, I chatted to a senior Volkswagen AG manager who’d been involved in discussions with Apple Inc. about teaming up on autonomous vehicles. In essence, he said, Apple had asked the German autos giant to give it a stack of vehicle and driver behavior data. In return, VW would receive the self-driving system… Continue reading Apple’s Robot Cars Are Driving In the Slow Lane

Hamburg applies the brakes on diesel vehicles

Hamburg has become the first German city to restrict the use of diesel vehicles in response to a court ruling earlier this year. Germany’s second largest city has started to unveil signs preventing older diesel vehicles, which do not meet EU emissions standards, from entering two major thoroughfares. The ban will take force on 31… Continue reading Hamburg applies the brakes on diesel vehicles