Tag: Possible_Terrorism_Warfare

Nissan to make fewer cars in China in months ahead as demand slows: source

TOKYO (Reuters) – Nissan Motor Co (7201.T) will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou, Guangdong… Continue reading Nissan to make fewer cars in China in months ahead as demand slows: source

UPDATE 1-Nissan to make fewer cars in China in months ahead as demand slows-source

TOKYO (Reuters) – Nissan Motor Co (7201.T) will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou, Guangdong… Continue reading UPDATE 1-Nissan to make fewer cars in China in months ahead as demand slows-source

Peugeot Returns to U.S. to Help People Get Around, but Not With Its Cars – The New York Times

PARIS — Nearly three decades ago, Peugeot abandoned the United States market, stung by years of dwindling sales that were punctuated by a dispiriting 4,291 cars sold in 1990. Two years ago, Peugeot’s parent, the big European carmaker PSA Group, announced its return to the cutthroat North American market. The move stunned some industry observers… Continue reading Peugeot Returns to U.S. to Help People Get Around, but Not With Its Cars – The New York Times

Tesla shares fall 7.6% following price cuts in China and Elon Musk’s promise to reimburse missed tax credits

Monday was a tough day for the U.S. stock market, but Tesla shares were hit especially hard. The stock fell by 7.6 percent after Tesla cut the Model 3’s price in China and CEO Elon Musk promised to reimburse U.S. customers if they miss a tax credit deadline due to Model 3 shipment delays. Reuters… Continue reading Tesla shares fall 7.6% following price cuts in China and Elon Musk’s promise to reimburse missed tax credits

The Great Ferrari Walkout Almost Killed the Company – Live Trading News

$RACE Perhaps the biggest Ferrari scandal in the Maranello Outfit’s history is the 1 that almost finished the company, as it came at a very difficult time for Enzo Ferrari. It happened in the early 1960’s, when Enzo had a number of arch-rivals chasing him stemming from the common desire to best both his company’s… Continue reading The Great Ferrari Walkout Almost Killed the Company – Live Trading News

Uber’s self-driving cars are back on the road, nine months after a fatal accident

Source: Uber
Uber Volvo SUV

Uber's self-driving cars are back on the road Thursday, nine months after a fatal accident in Arizona stalled development and pushed the company into lengthy reviews.

The company says it conducted a “top-to-bottom” audit of its safety policies. It previously vowed to improve operations before returning self-driving vehicles to the road. Uber pulled all testing in March, after one of the company's autonomous vehicles struck and killed a pedestrian.

A self-driving Uber SUV recognized a pedestrian crossing the street but failed to slow down for the designated back-up driver to manually brake in time. The National Transportation Safety Board investigated the accident and found gaps in Uber's systems.

“Over the past nine months, we've made safety core to everything we do,” Eric Meyhofer, head of Uber Advanced Technologies, said in a statement. “We implemented recommendations from our review processes, spanning technical, operational and organizational improvements. This required a lot of introspection and took some time. Now we are ready to move forward.”

The company is resuming road tests in Pittsburgh, with approval from the Pennsylvania Department of Transportation. The company is also resuming manual testing, with a human driver directing the vehicle, in San Francisco and Toronto.

“We've reviewed and improved our testing program to ensure that our vehicles are considerate and defensive drivers,” Meyhofer said. “Before any vehicles are on public roads, they must pass a series of more than 70 scenarios without safety-related failures on our test track. We are confident we've met that bar as we reintroduce self-driving vehicles to Pittsburgh roadways today.”

Start-up Zoox is working on making the roads safer with self-driving cars
8:00 AM ET Wed, 24 Oct 2018 | 06:11

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BMW fined $10M, faces criminal probe for engine fires

BMW fined $10M, faces criminal probe for engine firesBMW AG is facing a criminal probe in South Korea after investigators concluded the manufacturer concealed fire hazards and delayed recalls for a problem that has dented sales and its reputation in the Asian country.
South Korea’s transport ministry plans to ask prosecutors to investigate the German carmaker, the ministry said in a statement on Monday. Korea also fined BMW 11.2 billion won ($10 million) for belatedly recalling 22,670 vehicles. The team that’s been investigating BMW since August found defects that could cause coolant to leak and set the engine on fire.
The move threatens to prolong the Munich-based company’s woes in a country where there have been nearly 40 cases of BMW fires reported this year. The carmaker, which has recalled 1.6 million vehicles worldwide over the issue, has seen its sales in Korea fall about 10 percent during the first 11 months of the year as videos went viral of the luxury cars being engulfed in flames.
BMW’s Korea branch apologized in a statement released after the announcement and said it will cooperate with ongoing investigations.
The Korean probe adds to the challenges at BMW as it prepares to begin a new year fraught with potential hazards from a trade war between the U.S. and China, and a drop in car sales in China, the world’s biggest car market. BMW is also raising spending to develop new electric and self-driving vehicles. The strains have been evident, with the Stoxx Europe 600 Automobiles & Parts Index having declined about 27 percent this year and both BMW and rival Daimler AG lowering 2018 profit targets.
The BMW defect also prompted the carmaker to do a voluntary recall of 323,700 vehicles in Europe, with about 96,000 of those in Germany. BMW had said it would begin replacing starting Aug. 20 the EGR coolers and modules in the recalled cars covering 42 models, including the popular 520d and 320d produced between 2011 and 2016.
BMW shares closed 0.1 percent higher on Friday in Frankfurt, the last trading day before the Christmas holiday, trimming losses to 17 percent for the year.
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Tesla Seeking To Construct Factory In China To Build Global Presence, Avoid Tariffs

Tesla Inc. is reportedly carrying out preparations for the construction of their first Chinese factory in Shanghai, reported Business Insider. According to sources and documents divulged by Reuters, bidding has already begun on the Shanghai Gigafactory and preparations are nearly complete.

The company made the decision to open a factory in China after foreign sales took a hit when China imposed U.S.-built car tariffs during President Donald Trump’s ongoing trade war. No longer one of the few companies manufacturing electric vehicles, Tesla began facing rising competition in China and was forced to search for alternative options in order to increase their presence in the world’s biggest auto market.

The company already has plans to begin producing the Model 3 mass-market car as soon as the second half of 2019.

Tesla, headed by Chief Executive Elon Musk, has been searching for construction bidders to build the plant and has reportedly already received a bid from state-owned Shanghai Construction Group Co. Ltd. The names of several other firms involved in the bidding were not released.

Shanghai Baoye Group Co. Ltd., a China Minmetals subsidiary, has also confirmed involvement in the project and is preparing for a shipment of concrete pipe piles and steel pile tips before the end of the year. The plant’s 860,000-square-meter site already has the external fence and groundwork nearly completed.

The Gigafactory would be the first car plant in China to be owned by a foreign company. The move is seen as progress in terms of U.S.-Sino relations and China’s willingness to expand their markets.

In an official statement, Shanghai’s Mayor Ying Yong commented that construction work on the factory would start soon and encouraged the builders to work quickly in order to begin production by the end of 2019.

He added that “it is necessary to further promote the ‘four new economy,’ intelligent manufacturing, industrial innovation, industrial strength, quality improvement and other series of projects to accelerate the development of Shanghai’s real economy.”

“It is [also] necessary to focus on the country’s major development strategy, fully support the construction of major projects in the strategic emerging industries, and strive to achieve early results. The industrial park should do a good job in regional overall planning, ensure good project access, and improve land use efficiency.”

The Chinese market is crucial for the electric vehicle industry, making Tesla’s decision to open a plant in China incredibly promising.