UPDATE 1-Uber still believes autonomous vehicles have a future, says CEO

WASHINGTON (Reuters) – Uber Chief Executive Dara Khosrowshahi said on Wednesday that the ride-sharing company still believes in the prospects for autonomous transport after one of its self-driving vehicles was involved in a fatal crash in Arizona last month. FILE PHOTO – Dara Khosrowshahi, Chief Executive Officer of Uber Technologies, attends the World Economic Forum… Continue reading UPDATE 1-Uber still believes autonomous vehicles have a future, says CEO

FCA boss Sergio Marchionne: diesel may never recover

The diesel version of the Maserati Levante will be discontinued by 2022 Diesel sales may never recover, even if technical advances make it a more environmentally friendly fuel than alternatives, Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne believes. “The disengagement is happening. Since Dieselgate, the share of diesel sales has reduced month by month,” said Marchionne.… Continue reading FCA boss Sergio Marchionne: diesel may never recover

Global markets rise as China’s President Xi vows to cut auto tariffs

Global markets reacted positively to conciliatory moves from China on Tuesday, after President Xi Jinping promised to cut automotive tariffs this year. China’s leader also promised to improve intellectual property protection and raise foreign ownership limits within the auto sector “as soon as possible.” Asian shares closed higher, while US stock futures and the dollar… Continue reading Global markets rise as China’s President Xi vows to cut auto tariffs

China’s President Xi Jinping offers U.S. possible trade concessions

Chinese President Xi Jinping reviews an honor guard during a welcome ceremony at the Great Hall of the People in Beijing. (Photo: Mark Schiefelbein, AP) BEIJING – President Xi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade… Continue reading China’s President Xi Jinping offers U.S. possible trade concessions

GM to kill Chevrolet Sonic, Ford to discontinue Fiesta, Taurus, report says

Autoplay Show Thumbnails Show Captions Last SlideNext Slide The 2017 Chevrolet Sonic. (Photo: General Motors) General Motors is reportedly planning to kill the Chevrolet Sonic while Ford Motor plans to ditch the Fiesta in the U.S., spelling the death of two subcompact cars. The Wall Street Journal, which reported the plans Wednesday, also said that… Continue reading GM to kill Chevrolet Sonic, Ford to discontinue Fiesta, Taurus, report says

Automakers urge calm as China threatens new tariffs

New cars lined up at a parking lot in Shenyang, northeast China’s Liaoning province. China is the world’s largest automobile market with more than 25 million vehicles sold last year, compared with 17.23 million in the United States. (Photo: STR / AFP/Getty Images) Washington — Automakers are urging caution as a potential trade war heated… Continue reading Automakers urge calm as China threatens new tariffs

WRAPUP 8-China strikes back with duties on U.S. soybeans, planes; markets drop

BEIJING/WASHINGTON (Reuters) – China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower. Beijing responded after U.S. President Donald Trump’s administration… Continue reading WRAPUP 8-China strikes back with duties on U.S. soybeans, planes; markets drop

China plans 25% tariffs on US goods including cars

Beijing is to place 25% trade tariffs on a list of 106 US goods, including soybeans, cars, and orange juice. The retaliatory action comes after the US published a list of about 1,300 Chinese products it plans to hit with a 25% tariff. The White House said the proposed imports tariff was a response to… Continue reading China plans 25% tariffs on US goods including cars

GM partner's self-driving car gets a ticket from San Francisco cop

CLOSE Ford Motor Co. is making Miami-Dade County its new test bed for self-driving vehicles. Ford Cruise Automation self-driving test vehicle navigates the urban streets of San Francisco, CA. (Photo: Karl Nielsen for Cruise Automation) It sounds like the setup for a joke: A self-driving car got a ticket last week in San Francisco, KPIX-TV… Continue reading GM partner's self-driving car gets a ticket from San Francisco cop

EPA announces easing of car and truck emissions standards

US Environmental Protection Agency Agency says Barack Obama’s timeline set standards ‘too high’ in move that could lead to legal showdown with California Current EPA regulations require vehicles to get 36 miles per gallon by 2025 – 10 miles per gallon over the existing standard. Photograph: Bloomberg/Bloomberg via Getty Images US environmental regulators announced on… Continue reading EPA announces easing of car and truck emissions standards