Talks for lifting U.S. sanctions on Russian automaker GAZ remains ongoing with the U.S. Treasury Department, and the company is implementing internal measures to support the process, Russian Finance Minister Anton Siluanov stated. The U.S. Treasury broadened a deadline for investors to divest from GAZ to March 7, a day following the announcement that it
Automakers in the United States fixed over 7.2 million defective Takata air bag inflators in this year, as companies have ramped up efforts to track down parts in need of replacement, a report from an independent monitor published on Friday stated. Out of 37 million vehicles with 50 million inflators under recall, 16.7 million air
The U.S. auto safety regulator stated on Tuesday it is accelerating the process for evaluating whether automakers can deploy self-driving vehicles without devices like brakes and steering wheels. Automakers must presently meet almost 75 auto safety standards, many of them written with the assumption that a licensed driver would be capable to control the vehicle
Living in the era of technology has created the perfect context for the rapid development of numerous cars having outstanding designs, specific features, and lots of horsepower. Since the automobile industry has become so popular for its numerous fantastic types of cars suitable for everybody’s tastes, in today’s world almost any individual owns a car.
The 2019 Lincoln Nautilus is a model that debuted not long ago at the 2017 LA Auto Show. Basically, it’s a crossover model that was once known as the Lincoln MKX. This luxury vehicle has an elegant style while offering many amazing features and smooth handling. However, there is still little information about it, so
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies. The Ministry of Finance, in a statement on its website, also stated it hopes China and the United
Nissan’s three independent board members are going to meet on Tuesday to talk about a replacement for arrested former Chairman Carlos Ghosn, a source knowledgeable with the matter stated. The company earlier stated that the three members would nominate a candidate to take place of Ghosn, who was arrested in November for alleged financial misconduct.
U.S. President Donald Trump stated China had agreed to slash import tariffs on American-made cars, buoying shares in BMW and Daimler who produce in the United States for export to the world’s biggest vehicle market. Shares of Chinese car dealers also perked up on hopes that this move could strengthen the domestic auto market that
The U.S. head of Nio Inc, an electric automaker viewed as one of the major Chinese rivals to Tesla Inc, will depart from the company, the firm stated in a filing on Friday, the first major management departure since its September IPO. Padmasree Warrior, CEO of NIO USA and global chief development officer, is going
Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, stated on Thursday that he could not tell if Nissan Chairman Carlos Ghosn had confessed allegations of financial misconduct. Kukimoto also stated that Ghosn is being held at the Tokyo Detention Centre and that the Tokyo District Court on Wednesday authorized detaining Ghosn
U.S. automakers and parts suppliers on Thursday cautioned that President Donald Trump’s steel and aluminum tariffs and threatened vehicle tariffs would undermine the advantages of the new deal to modernize the North American Free Trade Agreement, resulting in widespread job losses. At a wide-ranging hearing prior the U.S. International Trade Commission, labor representatives stated the
For most individuals, a car is a means of traveling from point A to point B. Depending on where you reside, in today’s society, owning a car is a necessity. However, there is an elite few and for those individuals, their car is more of a status symbol. A beautiful, shiny luxury car can symbolize
Germany’s Transport Ministry stated on Monday it would order approximately 100,000 Opel vehicles to be recalled as part of an emissions investigation, after prosecutors checked the automaker’s offices previously in the day. German motor vehicle authority KBA discovered four software programs capable of changing vehicle emissions in 2015, and ordered Opel to use a software
Chinese electric automaker NIO Inc stated on Monday it delivered 3,268 electric SUVs in the third quarter, surpassing its own target of 2,900-3,000 vehicles. While the China national holiday and the scheduled maintenance will reduce its deliveries for October, it remained on track to gain delivery goal of 10,000 ES8s for the second half of
China’s car sales dropped the most in almost seven years in September, stoking issues the world’s biggest auto market could contract for the first time in decades this year in middle of cooling economic growth and a biting trade war. Vehicle sales slumped by 11.6 percent to 2.39 million units in September, the third straight