Volkswagen said late Sunday that it planned to sell shares in Porsche, the luxury sports car brand it owns, at a valuation of up to $75 billion, setting the stage for one of the biggest stock market debuts of the year. At that level, Porsche — maker of the 911 sports car and the Taycan… Continue reading Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O.
Category: US Motoring Press
As Driverless Cars Falter, Are ‘Driver Assistance’ Systems in Closer Reach?
A top “Good” rating will require a driver monitoring system that checks both a driver’s gaze and hand position. A driver with a coffee in one hand and an iPhone in the other won’t be prepared to retake the wheel. Other criteria include escalating visual, audible or haptic alerts to get a driver’s attention, and… Continue reading As Driverless Cars Falter, Are ‘Driver Assistance’ Systems in Closer Reach?
Carvana shares jump more than 30% from record lows
People try their luck at winning a car from the Carvana vending machine at SXSW festival in Austin, Texas on March 12, 2016. Michelle Castillo | CNBC Shares of Carvana on Thursday put up their best day in roughly three months – representing a small, yet notable, rebound after significant declines for the used car… Continue reading Carvana shares jump more than 30% from record lows
Nio reports strong third-quarter revenue as it gears up for a big year-end production push
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Chinese electric vehicle maker Nio on Thursday reported a loss of $577.9 million for the third quarter, significantly wider than a year ago, despite strong revenue following a 29% increase in vehicle sales. Here are… Continue reading Nio reports strong third-quarter revenue as it gears up for a big year-end production push
President Biden says Elon Musk’s relationships with other countries are worth looking into
Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images Asked on Wednesday whether Tesla, SpaceX and Twitter CEO Elon Musk posed a threat to national security, President Joe Biden said that the centi-billionaire’s “relationships with other countries is worthy of being looked at.” At a White House… Continue reading President Biden says Elon Musk’s relationships with other countries are worth looking into
Gallery: Hailing a driverless Cruise robotaxi in San Francisco
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Analysis: Self-driving survivors trudge through trough of disillusionment
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Analysis: Self-driving survivors trudge through trough of disillusionment
Monitor finds UAW Curry slate candidates violated election rules
The court-appointed monitor overseeing the United Auto Workers’ first-ever direct elections has found candidates running with UAW President Ray Curry violated election rules by using union resources to campaign, according to a letter obtained by The Detroit News. In late October, candidates on the Curry Solidarity Team slate sent campaign emails to about 600 UAW… Continue reading Monitor finds UAW Curry slate candidates violated election rules
EU proposes emission rules for last combustion engine cars
Brussels — The European Union’s executive arm proposed pollution standards Thursday for new combustion engine vehicles that are expected to remain on European roads well after the 27-nation bloc bans their sale in 2035. The so-called Euro 7 standards presented by the European Commission would apply to all cars, vans, trucks and buses sold in… Continue reading EU proposes emission rules for last combustion engine cars
Paris opens flying taxi hub targeting flights for 2024 Olympics
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Paris opens flying taxi hub targeting flights for 2024 Olympics