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....Forget Motor City. Silicon Valley now owns the most valuable car company in the US. ... [Read full article on Guardian ]
Monday 10th of April 2017 04:37:58 PM
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.... GM bills it as “the industry’s first true hands-free driving technology” – a clear rebuke to Tesla’s Autopilot system. But Musk has been adept at promoting Tesla as more than a car company. ... [Read full article on Guardian ]
Saturday 15th of April 2017 03:00:05 PM
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....". This month Tesla became most valuable US car company, beating General Motors for the top spot. ... [Read full article on BBC ]
Wednesday 12th of April 2017 09:01:58 PM
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Latest Finance News related to Car Company

Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... GM bills it as “the industry’s first true hands-free driving technology” – a clear rebuke to Tesla’s Autopilot system. But Musk has been adept at promoting Tesla as more than a car company. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
....". This month Tesla became most valuable US car company, beating General Motors for the top spot. ...
Do not let Brexit ruin car industry, urges chair of London Taxi Company image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 07:51:15 AM
....Carl-Peter Forster was speaking as the London Taxi Company (LTC), the maker of London’s trademark black cabs, officially opened a factory in Coventry to build electric taxis. The plant will create more than 1,000 jobs and is funded with investment worth £325m from the Chinese car company Geely, which owns LTC. ...
Uber president quits firm saying its values are 'inconsistent' with his image
....The company also faces challenges in court. Waymo, a self-driving car company that used to be part of Google, last month sued Uber in federal court, alleging betrayal and hi-tech espionage. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
....Ferrari has traded its entire stake in Formula One for an interest in the racing franchise’s new owner, Liberty Media. The Italian luxury car company revealed in a regulatory filing that it sold its 0. ...
Uber executive resigns after failing to disclose prior sexual harassment claim image
....Uber CEO Travis Kalanick has called for an independent investigation of those issues, and the company has hired former attorney general Eric Holder to help. In addition, Uber is facing a lawsuit from Waymo, the self-driving car company owned by Google’s parent Alphabet, alleging that the ride-share company engaged in the “calculated theft” of its self-driving technology. ...
Vauxhall's future in UK is secure, says business secretary image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:35:55 PM
....The UK business secretary has said he has been reassured about the future of General Motors’ Vauxhall production operations in Britain, following a meeting with the US carmaker’s chairman. Greg Clark sought an urgent meeting with senior GM management after the US car company announced earlier this week it was in talks to sell its European Opel business, including the Vauxhall operations in the UK, to France’s PSA Group, which owns Peugeot and Citroën. ...
Rolls-Royce apologises in court after settling bribery case image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:29:50 PM
....The anti-bribery investigations have undermined the reputation of the multinational, which sells turbines and engines for passenger jets and military aircraft around the globe. The car company of the same name is a separate firm. ...
Fiat Chrysler used software to cheat diesel emissions testing, EPA alleges image
Source : Guardian [Read Article] Thursday 12th of January 2017 05:16:43 PM
. The US Environmental Protection Agency has accused a second major car company, Fiat Chrysler, of cheating on its diesel emissions testing by using secret software applications in multiple models. ...
With Trump and Uber, the driverless future could turn into a nightmare | John Harris image
.... Meanwhile, autonomous trucks have been trialled in Nevada, Colorado and, closer to home, Germany. As well as working with Uber, General Motors owns a $500m stake in the ride-hailing company Lyft – where senior figures reckon that by 2020 driverless travel will form most of its business – and has also has spent over $1bn on an autonomous-car company called Cruise. ...
Self-driving cab in 'prang' in Singapore image
Source : BBC [Read Article] Tuesday 18th of October 2016 12:22:23 PM
.... Currently the vehicles are not taking paying passengers. Driverless technology is one of the biggest growth areas in the automotive industry and just about every car company is working on driverless technology from Silicon Valley's Tesla to Ford, Volvo, BMW and a number of Chinese car makers. ...
Ex-Tesla rival Fisker rejoins electric car race image
Source : BBC [Read Article] Wednesday 5th of October 2016 01:24:10 AM
.... . Before starting his first electric car company in California, the Danish designer worked for car firms including Aston Martin and BMW. ...
Hyundai strike threatens car company's bottom line image
Source : BBC [Read Article] Tuesday 27th of September 2016 12:38:18 AM
Ride-hailing firm Lyft predicts driverless cabs in 5 years image
Source : BBC [Read Article] Monday 19th of September 2016 06:18:57 AM
.... . In January this year, Lyft struck a deal with US car company General Motors (GM) to develop a fleet of driverless vehicles and is testing these in San Francisco and Phoenix. ...
General Motors: 4m vehicles recalled over safety bug image
Source : BBC [Read Article] Friday 9th of September 2016 05:22:35 PM
. The US car company General Motors is recalling more than four million vehicles worldwide due to a software defect linked to at least one death. ...
Musk: SpaceX fireball probe uncovering 'complex failure' image
Source : BBC [Read Article] Friday 9th of September 2016 10:21:57 AM
....The technology entrepreneur owns and leads SpaceX. Mr Musk is also chief executive of electric car company Tesla Motors and chairman of solar energy firm SolarCity. ...
SpaceX blast wrecks Facebook satellite image
Source : BBC [Read Article] Thursday 1st of September 2016 07:27:23 PM
.... . As well as being the rocket company's CEO, he also heads up the Tesla electric car company. ...
Self-driving taxi trial kicks off in Singapore image
Source : BBC [Read Article] Thursday 25th of August 2016 04:33:42 AM
.... . And just about every car company is working on driverless technology from Silicon Valley's Tesla to Ford, Volvo, BMW and a number of Chinese car makers. ...
Tesla stock rises after Elon Musk's masterplan tweet image
Source : BBC [Read Article] Monday 11th of July 2016 02:57:14 PM
....Telsa's shares rose more than 4% in early trade after its chief executive teased a new "masterplan". Elon Musk tweeted on Sunday that he would issue a follow-up to his original vision for the electric car company. ...
VW profits down 20% after diesel emissions scandal image
Source : Guardian [Read Article] Tuesday 31st of May 2016 10:56:13 AM
....5bn that was aided by a weak yen. But General Motors, the other company competing for the largest car company spot, had lower profits than Volkswagen. ...
Toyota and Volkswagen invest in ride-hailing apps: 'the future of mobility' image
....If self-driving cars are the future, as many experts think, and if car ownership continues to decline, manufacturers will want to control the new means of distribution: ride-hailing apps. Thus, every major car company will want to align itself with an app. ...
TVR to create 150 jobs in Ebbw Vale image
Source : BBC [Read Article] Tuesday 22nd of March 2016 11:15:33 AM
. Sports car company TVR is to base its new factory in Wales, First Minister Carwyn Jones has announced. ...
Nike suspends contract with Sharapova image
Source : BBC [Read Article] Tuesday 8th of March 2016 07:37:42 AM
....But the Swiss watchmaker said those talks had now been suspended and the company had decided not to renew the contract. In 2014, Porsche named her as its first female ambassador and she signed a three-year deal with the car company. ...
Just what your office needs: Nissan's self-parking chairs image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 01:27:52 PM
.... . The car company confirmed to Quartz that it does not currently have plans to release a consumer version of the product. ...
Tesla losses soar to $889m - but shares jump as Elon Musk forecasts a profit  image
Source : Telegraph [Read Article] Thursday 11th of February 2016 05:03:38 PM
. Shares in Elon Musk’s Tesla have spiked despite the electric car company falling further into the red, with annual losses tripling to $889m. ...
Nissan boosted by recovering car sales in Europe and US image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 11:52:07 AM
.... . However, Nissan – the second largest Japanese car company by sales – said it was seeing signs of demand picking up in China, which is the world’s largest car market. ...
Ford chooses tech conference to unveil new SUV image
Source : Telegraph [Read Article] Tuesday 9th of February 2016 01:57:30 PM
.... . The car company will unveil a revamped version of one of its Sports Utility Vehicles (SUVs) packed with new “connectivity” technology – expected to be the mid-range Kuga – at Mobile World Congress in Barcelona later this month. ...
Toyota to halt production after explosion at steel factory image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 09:29:39 AM
.... Shutting down production is expected to reduce Toyota’s annual output by about 70,000 vehicles. Although this is unlikely to put much of a dent in the company’s annual production total of more than 10m vehicles, it does highlight how sensitive the car company’s supply chain is. ...
Which?: Most cars break pollution laws image
Source : BBC [Read Article] Wednesday 20th of January 2016 04:45:42 PM
....The European Commission has launched legal action against the British government because it has failed to meet its nitrogen dioxide targets in the vast majority of the 43 zones where pollution is measured. Last year, VW admitted cheating emissions tests in America to make its vehicles look greener, but no other car company has been found to be rigging its engines. ...
Renault recalls cars over emissions image
Source : BBC [Read Article] Tuesday 19th of January 2016 08:51:06 AM
....Renault has promised to come up with a "technical plan" to bring down the level of emissions from its vehicles. French Energy Minister Segolene Royal said Renault was not the only car company in France to break the rules on carbon dioxide and nitrogen emissions, but she did not name the others involved. ...
No time for childcare grandparents to take it easy, they’re worth £2,000 a year image
.... “I used to work full-time before Laura had Lucas, but I cut my hours when I realised I could provide real assistance,” she says. “Laura is a hairdresser, and Paul works for a car company, but with a young family to pay for, and a mortgage to cover, money is tight. ...
Fiat Chrysler denies fraud charges image
Source : BBC [Read Article] Thursday 14th of January 2016 05:18:30 PM
.... . The car company is being sued by a US dealer who says it encouraged dealerships to lie about monthly car sales. ...
Volkswagen CEO meets head of US agency that exposed emissions scandal image
Source : Guardian [Read Article] Wednesday 13th of January 2016 07:29:31 PM
. The chief executive of Volkswagen on Wednesday met the head of the US Environmental Protection Agency (EPA), the regulator that exposed the German car company’s emissions cheating scandal. ...
Coming soon to new cars and trucks: 'infotainment' systems are smart stereos image
....“It’s similar to GM’s OnStar, but offers a much wider spectrum of services over a broader range of needs,” Brauer said. “It’s a strong sign of Ford’s desire to be more than just a car company, as well as the automaker’s willingness to explore new options and business models. ...
Driverless taxis could hit the streets as GM invests $500m in Lyft image
Source : Telegraph [Read Article] Monday 4th of January 2016 06:33:50 PM
.... . The investment - the biggest yet by a car company in the ride-sharing industry – will also see GM president Dan Ammann join Lyft’s board. ...
Ferrari shares stall on first day of trading in Europe image
Source : Telegraph [Read Article] Monday 4th of January 2016 02:09:54 PM
.... . The deal was structured so the Ferrari and Agnelli families could retain control of the sports car company, and both have signed a deal intended to protect the business from a hostile takeover. ...
Elon Musk's Tesla sales limp over the line image
Source : Telegraph [Read Article] Monday 4th of January 2016 11:08:55 AM
. Billionaire Elon Musk’s Tesla electric car company hit the low end of its targets for deliveries in the final quarter, handing over the keys to 17,400 of its luxury vehicles. ...
Ex-Sainsbury's boss backs his own members' club image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 05:00:37 PM
.... . The club is home to 265 companies, from start-ups seeking a London base to global giants including Tesla, Elon Musk’s electric car company, and Cadbury owner Mondalez, which use the clubs for meetings. ...
VW and Exxon: indicative of a polluted corporate culture that must change image
Source : Guardian [Read Article] Thursday 31st of December 2015 09:19:38 AM
.... The term Fordism was coined to describe a strategy of growth to achieve economies of scale. A century later, Volkswagen’s declared goal was to be the world’s number one car company by 2018. ...
Renault back on F1 starting grid after £1 Loctus deal image
Source : Telegraph [Read Article] Saturday 26th of December 2015 05:30:10 PM
.... . Renault pulled out after its championship-winning outfit became embroiled in a race-rigging scandal and, ironically, the car company has bought it back from the company it sold it to. ...
Opec faces a mortal threat from electric cars image
Source : Telegraph [Read Article] Wednesday 23rd of December 2015 06:03:27 PM
.... The OPEC report is equally dismissive of Toyota's decision to bet its future on hydrogen fuel cars, starting with the Mirai as a loss-leader. One should have thought that a decision by the world's biggest car company to end all production of petrol and diesel cars by 2050 might be a wake-up call. ...
Porsche family signals support for VW after emissions scandal image
Source : Telegraph [Read Article] Wednesday 2nd of December 2015 12:16:57 PM
.... VW chief executive Matthias Müller was joined by Wolfgang Porsche, chairman of Porsche Autmobil Holding SE, which controls 52. 2pc of the car company, when he spoke to thousands of staff at the company’s Wolfsburg base this morning. ...
'Volkswagen shares to double as dieselgate crisis abates' says analyst image
Source : Telegraph [Read Article] Friday 27th of November 2015 11:43:03 AM
.... . In a bullish note, the analyst Adam Hull said the beleaguered car company’s share price could more than double from the current €120 to €250 (£176) as the “dieselgate” scandal fades from consumers’ minds. ...
VW 'finds another software problem affecting fuel consumption' image
Source : Telegraph [Read Article] Thursday 26th of November 2015 05:21:30 PM
.... . Die Welt said the car company had first revealed the problem during a meeting with German investigators on the emissions cheating scandal that erupted at the end of September. ...
Elon Musk: Have you got the drive to work for Tesla? image
Source : Telegraph [Read Article] Friday 20th of November 2015 12:01:54 AM
. Elon Musk, the billionaire boss of Tesla, has turned to Twitter to recruit staff to speed up development at his electric car company. ...
Rolls-Royce announces recall - for one car image
Source : Telegraph [Read Article] Tuesday 10th of November 2015 09:55:31 PM
. Another day, another car company announcing a recall. ...
Toyota places $1bn bet on robot technology image
Source : Telegraph [Read Article] Friday 6th of November 2015 09:41:37 AM
.... . The world’s biggest car company will spend the money over five years to establish the Toyota Research Institute near Stanford University in Silicon Valley, with a second facility at Massachusetts Institute of Technology in Cambridge, Massachusetts. ...
VW scandal: British motorists could be hit with higher tax bills as emissions crisis spreads to petrol and CO2 image
.... Taken for a ride? Chancellor Angela Merkel with former VW boss Martin Winterkorn at a car launchin 2007  Photo: DDP. German transport minister Alexander Dobrindt also weighed in, saying the car company must fully investigate and ensure that motorists do not have to pay to rectify any fallout from the latest revelations. ...
Can solar cookstoves help reduce greenhouse emissions in developing countries? image
.... Families tested a variety of designs which the GoSun team tweaked to maximize effectiveness. GoSun has attracted an angel investor, electric car company Zap Motors co-founder Gary Starr, and has also run two successful Kickstarter campaigns (here and here) which together brought in over $750,000 and 1,700 stove orders, though finalizing the design promoted in the 2015 campaign has proven a challenge and units are not slated to be shipped until 2016. ...
Sports car sales boost Ferrari earnings image
Source : BBC [Read Article] Wednesday 28th of October 2015 04:03:33 PM
.... . The world's 7th largest car company reported a net loss of €299m despite growing sales of Jeeps globally. ...
Car manufacturers join tech giants in race for driverless cars image
Source : Telegraph [Read Article] Saturday 24th of October 2015 03:35:42 PM
. In a live address at the Wall Street Journal’s WSJD Live event in California this week, Apple’s chief executive Tim Cook made the ears of large car company executives prick up. ...
Vauxhall investigates spontaneous combustion of Zafiras image
Source : Guardian [Read Article] Thursday 22nd of October 2015 12:58:38 PM
....Vauxhall is to recall some of its Zafira models and is investigating more than 100 reports of its cars overheating, with some catching fire without warning while on the road. The British car company said it was taking the spontaneous combustion incidents, involving its Zafira B seven-seater model made between 2005 and 2014, “very seriously”. ...
Ferrari IPO gets off to racing start on Wall Street image
Source : Guardian [Read Article] Wednesday 21st of October 2015 07:04:39 AM
. Ferrari shares got off to a flying start when the luxury Italian sports car company, founded by motor racing driver Enzo Ferrari in 1929, floated on the New York Stock Exchange on Wednesday. ...
'Two years for Volkswagen to recover from emissions scandal' says new boss image
Source : Telegraph [Read Article] Thursday 15th of October 2015 06:17:01 PM
.... . “I believe he is right,” said the analyst who has long been calling for change at VW, including slashing its research budget, which is the biggest of any car company. ...
Car fans can now stay in this Mercedes-Benz themed flat image
Source : Telegraph [Read Article] Thursday 15th of October 2015 03:03:31 PM
.... . This is not the first time that the car company has tried its hand at out-of-car experiences. ...
How to handle a corporate crisis image
Source : BBC [Read Article] Wednesday 14th of October 2015 11:08:28 PM
....Rebecca Gudgeon, a managing director at Grayling, says it is "blatantly obvious" this is where VW went wrong. "If you're a car company or train operator you are responsible for public safety, and so you are expected to have a plan in place if something goes wrong. ...
Concerns Volkswagen's latest cars have extra suspect software image
Source : Telegraph [Read Article] Wednesday 14th of October 2015 04:08:40 PM
.... . The latest revelation came as it was claimed that dozens of the car company’s managers knew about Volkswagen cheating emissions tests, putting fresh pressure on senior executives at the beleaguered car maker. ...
European Union bank could ask for its money back from Volkswagen image
Source : Telegraph [Read Article] Monday 12th of October 2015 07:43:26 AM
.... Since 1990, the EIB has lent €4. 6bn to the German car company, with some of that money intended to be used on development of low emissions engines. ...
Elon Musk says Apple is the 'Tesla graveyard' image
Source : Telegraph [Read Article] Friday 9th of October 2015 10:39:21 AM
. Elon Musk, billionaire technology entrepreneur and chief executive of Tesla, has dubbed Apple the 'Tesla graveyard', claiming that some of the iPhone giant's latest hires were fired by the electric car company. ...
Volkswagen headquarters raided by authorities over diesel emissions scandal image
Source : Daily Express [Read Article] Thursday 8th of October 2015 02:37:00 PM
....The emissions scandal was sparked by US environmental regulators who found VW had installed software that disabled pollution controls when diesel vehicles were being tested. Europe's largest car company now faces a criminal investigation and up to £11. ...
Australian customers join class action against Volkswagen over emissions scandal image
....”. But the minister would not be drawn on whether the federal government would take the car company to court over the breaches, insisting the ACCC was the appropriate “enforcement agency”. ...
Volkswagen’s US boss knew about emissions problem in 2014 image
Source : Telegraph [Read Article] Wednesday 7th of October 2015 10:47:13 PM
....  . Last month the car company admitted to installing software in 482,000 cars in the US which detected when a car was having its emissions checked and switched on full environmental controls, while leaving the controls off the rest of the time. ...
How do I escape from a potential reputational hole? image
Source : Telegraph [Read Article] Sunday 4th of October 2015 09:27:13 PM
.... Events will eventually show whether Volkswagen chairman, Dr Martin Winterkorn, knew of the bogus testing, but I guess he was unaware of a plot created by some middle managers who were keen to make a name for themselves. Whether he was aware or not, you can only imagine his reaction when he first realised his car company was heading for a public relations car crash. ...
Happn: bringing the 'real world' back into online dating image
Source : Telegraph [Read Article] Saturday 3rd of October 2015 06:00:37 AM
.... . The company has already been working with car company Fiat on an advertising campaign, which Mr Rappaport said would not disturb the user experience. ...
Volkswagen to start recall of cars fitted with cheat devices in January image
Source : Daily Express [Read Article] Friday 2nd of October 2015 11:51:00 AM
....The brand is now expected to slash jobs and make significant company changes in an effort to create savings. Europe's largest car company faces a criminal investigation and up to £11. ...
Samsung TVs appear less energy efficient in real life than in tests image
Source : Guardian [Read Article] Thursday 1st of October 2015 08:30:14 AM
....The apparent discrepancy between real-world and test performance of the TVs is reminiscent of the VW scandal that originated in the US last week. The car company has admitted fitting software to 11m diesel vehicles worldwide which meant the cars produced less pollution during testing than real-world driving. ...
Volkswagen scandal: Nearly 1.2million cars in BRITAIN affected by emissions controversy  image
Source : Daily Express [Read Article] Wednesday 30th of September 2015 12:02:00 PM
.... . The disgraced car company reassured drivers all vehicles are safe and roadworthy. ...
Tesla's first all-electric Model X SUV unveiled image
Source : Telegraph [Read Article] Tuesday 29th of September 2015 03:33:31 PM
.... . After suffering a series of delays, the pioneering car company, founded by billionaire Elon Musk, officially launched the distinctive gull-winged seven-seater vehicle on Wednesday at 4am UK time. ...
Twitter's Adam Bain: Jack Dorsey has made 'massive changes' image
Source : Telegraph [Read Article] Sunday 27th of September 2015 06:00:52 PM
.... Steve Jobs, who ran Pixar and Apple for a year, once called it "the worst time in my life". American billionaire Elon Musk runs both electric car company Tesla and space transport group SpaceX, but has admitted that it isn't easy. ...
From Hitler to Herbie and hubris – how Volkswagen was brought low image
Source : Guardian [Read Article] Saturday 26th of September 2015 10:14:02 PM
....From the top there’s a view of the vast, red-brick, 1930s-era Volkswagen factory, which turns out 2,300 cars a day. Another direction offers a glimpse of Porsche Street, Wolfsburg’s main thoroughfare, named in honour of the German car dynasty that created the VW Beetle and the eponymous sports car company. ...
Volkswagen scandal costs Qatar's sovereign wealth fund £3.3bn image
Source : Telegraph [Read Article] Saturday 26th of September 2015 06:59:21 PM
.... As a result of VW’s 34pc share price fall last week, more than €20bn (£14. 7bn) has been wiped off the value of the car company. ...
....Whichever of them is crowned this morning, their main job over the next few years will be making settlements rather than cars, as a growing list of countries and lawyers fall over each other to launch investigations and court cases. VW is not the first car company to find itself knee-deep in scandal. ...
VW boss Winterkorn's rise and fall image
Source : BBC [Read Article] Wednesday 23rd of September 2015 03:13:09 PM
....He became heavily involved with technical development, both at VW and at its Audi subsidiary, and is given credit for his key role in getting the top brass to put the revived Beetle into production. On his way up, he became determined to take on all comers, vowing to turn VW into the world's biggest car company, at a time when Toyota and General Motors appeared to be the main contenders. ...
Volkswagen CEO Martin Winterkorn quits over diesel emissions scandal image
Source : Guardian [Read Article] Wednesday 23rd of September 2015 03:01:53 PM
....”. Winterkorn’s resignation came after it emerged the troubled car company had hired the Kirkland & Ellis, the US law firm that defended BP after the Deepwater Horizon oil disaster, to help it deal with the growing collection of investigations and lawsuits relating to the scandal. ...

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