Fiat Chrysler Automobiles NV is recalling over 5.3 million vehicles in North America due a defect that could avoid drivers from deactivating cruise control, the company stated, cautioning owners not to make use of the function until they get software upgraded. The automaker stated no injuries or crashes are associated with the large recall campaign
Tesla Inc has announced a number of key executive hires consisting former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing. Zhou earlier served as CFO for Asia Pacific and India for Ingersoll Rand. “We’re excited to welcome a group of
Toyota Motor on Thursday stated it strategies to set up a facility to mass manufacture hydrogen fuel cell stacks, a major component of fuel cell vehicles, as it looks to increase production of hydrogen-powered vehicles and expand their usage as a zero-emission alternative to gasoline vehicles. The new unit will come up on the grounds
Shares of General Motors and Ford Motor moved only marginally higher before the bell on Thursday following the Trump administration launch of a national security investigation into car imports which could result in new tariffs on foreign rivals while also stirring trade tensions. Washington stated on Wednesday it will open a so-called Section 232 investigation
Russia’s standards agency stated on Friday it had been told about the voluntary recall of 4,794 Mercedes-Benz cars produced by German automaker Daimler and sold during 2014 to 2017. The regulator stated the factor for the recall was a possible issue with the airbag, it stated.
Negative reports about Tesla Inc have hit “fever pitch”, however the electric automaker’s stock price is likely to rise as output of its Model 3 sedan improves, according to an analyst research report. Following the publication of Baird Equity Research analyst Ben Kallo’s note on Wednesday, Tesla CEO Elon Musk chimed in with a number
Tesla Inc’s Model 3 sedan recorded more registrations in California compared to its class competitors BMW 3-Series and Mercedes C-Class in the first quarter, as per a report by the California New Car Dealers Association (CNCDA). Model 3 registrations amounted 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes variant
Tesla Inc has cut up to $14,000 off its Model X in China following the announcement from Beijing concerning major tariff cuts for imported automobiles, a possible sales boost for the U.S. firm as the world’s largest auto market turn towards electric vehicles. The automaker will reduce cost of its Model S and Model X
The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has accepted five investments in four months amounting $50 million and will present another to its supervisory board in the upcoming week, the fund’s head stated. The alliance stated in January it was establishing the fund with strategies to invest about $1 billion over five years, the recent
China will sharply slash import tariffs for vehicles and car parts, opening up greater access to the world’s largest auto market in middle of an easing of trade tensions with the United States. Import tariffs will be slashed to 15 percent from 25 percent for most automobiles from July 1, the Ministry of Finance stated
Russia’s standards agency stated on Tuesday it had been told about the voluntary recall of 11,003 Audi cars sold since 2017. The watchdog stated the reason for the recall by parent Volkswagen was a possible issue with the emergency call system.
Luxury British automaker Aston Martin remained in the black in the first quarter of this year, although pretax profit dropped because of a weaker dollar and investment on a series of model launches. Following six years of losses, James Bond’s favorite automaker swung to a pretax profit in last year, powering speculation of a possible
Fiat Chrysler Automobiles (FCA) shares dropped over 3 percent in New York trading on Friday in middle of investor concern about allegations mounted in court filings concerning alleged excess diesel emissions. The U.S. Justice Department submitted a civil lawsuit against Fiat Chrysler and its VM Motori SpA unit in May last year, alleging the automaker
BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to an estimated of 390,000, following a BBC investigation which discovered that some vehicles could cut out entirely while being driven. “BMW has chosen to expand on its present battery connector recall by also replacing the blower-regulator wiring
Mobileye has signed a contract to provide eight million cars at a European automaker with its self-driving technologies, a company official stated. Mobileye is a Intel Corp’s Israel-based autonomous driving unit. Commercial terms of the contract and the identity of the automaker were not revealed. The deal, one of the largest yet for Mobileye, is