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
Category: Automotive
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
UPDATE 2-Auto parts maker Magna hit by trade dispute; cuts outlook
(Adds comments by CEO and CFO, adds analyst comment, industry background, updates share price.) Aug 8 (Reuters) – Canadian auto parts maker Magna International Inc on Wednesday lowered its full-year production outlook for North America, and revised downward its global sales, hurt in part by U.S. tariffs and other “headwinds” during the quarter, sending its… Continue reading UPDATE 2-Auto parts maker Magna hit by trade dispute; cuts outlook
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
Wipro, Genesys sign pact for autonomous car solutions
BENGALURU: Software services major Wipro and Genesys International Corporation have signed a pact to develop solutions for autonomous vehicles. While Genesys will use its core strength and the expertise to develop high definition maps and content, Wipro will develop the navigational and control technology for autonomous system and smart mobility companies, said Genesys in a… Continue reading Wipro, Genesys sign pact for autonomous car solutions