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Self-driving cars yet to impress US consumers

AMERICAN consumers still resist the notion of self-driving cars, according to a University of Michigan study released yesterday, the latest sign that investors and automakers might be rushing into a business ...

May 24, 2016, Tuesday


New-energy vehicle sales prompt investment fervor

CHINA'S auto industry is ramping up investment in new-energy cars after a surge in their sales. Automakers rolled out 94,000 new-energy vehicles between the start of January and the end of April, up ...

May 21, 2016, Saturday


30 car models facing 2nd emissions test

A GERMAN investigating committee has shortlisted 30 car models that showed suspiciously high levels of carbon dioxide emissions for further testing, the transport ministry said yesterday....

May 21, 2016, Saturday


Tesla trims 2 years off production deadlines

Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned — an acceleration that supplier executives...

May 21, 2016, Saturday


SK fines Nissan for emissions ‘cheat’

The Nissan logo is seen on a car at a dealership in Seoul. South Korea yesterday said it will fine the Japanese carmaker 330 million won (US$28,000) for allegedly manipulating emissions data on its Qashqai diesel sport-utility vehicle, bringing the company into a global scandal that has already ensnared Volkswagen and Mitsubishi. Seoul said it will also order recalls of hundreds of Qashqai SUVs after tests revealed an emission defeat system that made them appear to be less polluting than they are. Nissan insisted it “does not manipulate data” on its vehicles. ...

May 17, 2016, Tuesday


Nissan buys one-third stake in Mitsubishi

NISSAN threw a lifeline to Mitsubishi Motors yesterday as it announced plans to buy a one-third stake in the scandal-hit automaker for US$2.2 billion, forging an alliance that will challenge some of the ...

May 13, 2016, Friday


Cash-rich Mitsubishi to weather scandal

MITSUBISHI Motors Corp is confident it has enough cash to weather a damaging fuel efficiency scandal alone, even as it warned incorrect data may have been used for more of its cars. The Japanese carmaker ...

May 12, 2016, Thursday


Toyota forecasts net profit decline

Toyota Motors President Akio Toyoda delivers a speech during a press conference to announce the company’s financial results in Tokyo yesterday. Toyota yesterday warned its annual net profit will fall by about a third as a stronger yen and a slowdown in Chinese growth and other emerging markets dent its bottom line. The surprise new forecast — which would mark Toyota’s first profit decline in five years — tipped a 1.5 trillion yen (US$13.8 billion) net profit for the year to March 2017. That is down 35 percent from a record 2.31 trillion yen net profit that the world’s biggest automaker also reported yesterday for its recently ended business year. ...

May 12, 2016, Thursday


Chinese car sales gain at slow pace

CHINA’S auto sales growth slowed in April, and customers may again benefit from another round of price war by dealers to drive sales. Total deliveries of passenger cars and commercial vehicles grew 6.3 ...

May 12, 2016, Thursday


Car that purrs

Adrien Milliand, the president of the Cevennes Car Club of the Ecole des mines d’Ales who won the third prize of the “Concours Lepine” (Lepine contest) with the PGO E-Hemera electric car, poses with next to the car at the Paris fair on Saturday. ...

May 9, 2016, Monday




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