PSA CEO Tavares says Europe’s CO2 cuts will threaten jobs, report says – Automotive News Europe

March 04, 2019 09:34 AM Geert De Clercq Reuters Bloomberg Tavares: “This jeopardizes the jobs of 13 million people in the industry and could destabilize some of our European societies.” PARIS — The European Union’s plans to cut carbon dioxide emissions from vehicles will threaten 13 million jobs in Europe’s auto industry and benefit Asia,… Continue reading PSA CEO Tavares says Europe’s CO2 cuts will threaten jobs, report says – Automotive News Europe

Ford CEO Jim Hackett Impressed Designers, But Not Investors – Fortune

Absentee ballot. Canada’s new transparency rules for political ads are too difficult for Google to meet, so the search giant says it won’t accept any such ads for the upcoming 2019 elections there. “It is painful for us,” Google Canada’s head of public policy Colin McKay says. Separately, a particular group of male software engineers… Continue reading Ford CEO Jim Hackett Impressed Designers, But Not Investors – Fortune

Investindustrial Acquires Majority Stake In Morgan Motor Company

5th March 2019 – Investindustrial has today announced the acquisition of a majority stake in Morgan Motor Company Ltd (“Morgan”), the iconic 110-year old British sports cars manufacturer. Terms of the transaction were not disclosed, and it is expected to complete in April 2019. The Morgan family will continue to act as stewards for the… Continue reading Investindustrial Acquires Majority Stake In Morgan Motor Company

Tesla blames misprinted label for China customs hiccup

BENGALURU/SHANGHAI (Reuters) – Tesla Inc said on Tuesday that China’s customs authorities have accepted the electric carmaker’s plan to resolve problems with the clearance of its Model 3 sedans that centered around misprinting of labels. FILE PHOTO: A Tesla Model 3 car leaves a cargo vessel at a port in Shanghai, China February 22, 2019.… Continue reading Tesla blames misprinted label for China customs hiccup

VW says driverless vehicles have limited appeal and high cost

GENEVA, March 5 (Reuters) – Fully autonomous vehicles will take at least another five years to perfect, with the cost and complexity of rolling out the technology globally serving to undermine the business case, Volkswagen’s head of commercial vehicles said. Autonomous cars require high-tech infrastructure, hugely expensive lidar and radar systems, as well as pricey… Continue reading VW says driverless vehicles have limited appeal and high cost