UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years

SEOUL (Reuters) – South Korea’s finance minister said on Wednesday the country will limit General Motors’ (GM.N) right to sell shares and assets in its South Korean unit so that the U.S. automaker is kept from leaving the nation for at least 10 years. FILE PHOTO: The logo of GM Korea is seen at its… Continue reading UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years

In self-driving car race, Waymo leads traditional automakers

You are here: Home  » OEM  » Automakers and Suppliers  » Waymo is testing autonomous driving using Chrysler Pacifica minivans. Photo credit: Katie Burke UPDATED: 5/8/18 11:14 am ET DETROIT/MUNICH — In the race to start the world’s first driving business without human drivers, everyone is chasing Alphabet’s Waymo. The Google sibling is ahead of traditional automakers such… Continue reading In self-driving car race, Waymo leads traditional automakers

Walmart ends grocery delivery deal with Uber and Lyft

In 2016, Walmart announced that it would begin testing grocery delivery in conjunction with Uber and Lyft. Today, however, Reuters reports that those partnerships have come to an end, which was confirmed by Walmart and Uber. TechCrunch first reported in 2015 about Uber’s plans to launch a merchant delivery system, wherein goods from retailers would… Continue reading Walmart ends grocery delivery deal with Uber and Lyft

Uber will halt Walmart grocery deliveries next month

Shutterstock In 2016, Walmart announced that it would be teaming up with Uber and Lyft for grocery deliveries. Though the trial with Lyft never broke out of its initial Denver test market, Walmart’s partnership with Uber expanded from Phoenix to Tampa, Dallas and Orlando. But that’s now coming to a close, Reuters reports, as Uber… Continue reading Uber will halt Walmart grocery deliveries next month

Musk buys $9.85M in Tesla stock after taunting shorts

Dana Hull and Tom Metcalf, Bloomberg News Published 6:17 p.m. ET May 7, 2018 Tesla Inc.’s Elon Musk (Photo: Stephan Savoia / AP, file) Tesla Inc.’s Elon Musk is putting some money where his trash-talking mouth is. The chief executive officer bought about $9.85 million worth of Tesla shares on Monday, his biggest purchase since… Continue reading Musk buys $9.85M in Tesla stock after taunting shorts

Fire at Mercedes-Benz supplier affects local production

By Jason Morton Staff Writer Explosions and a large fire at a parts supplier for Mercedes-Benz U.S. International has slowed production at the automobile manufacturing plant. The blaze broke out in the early morning hours of Wednesday at a manufacturing plant for Meridian Magnesium Products for America in Eaton Rapids, Michigan. In a letter to employees that… Continue reading Fire at Mercedes-Benz supplier affects local production

Top Automotive Industry News for Week of April 30 – May 6, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week April 30, 2018 – May 6, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- All new cars and SUVs sold in the US must now… Continue reading Top Automotive Industry News for Week of April 30 – May 6, 2018