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Don Panoz Isn’t Slowing Down
Way back in 2000, we ran an article that opened with the provocative question: “Why Is Panoz America’s Coolest Car Company?” The company, Panoz Auto Development, was established by Danny Panoz, whose father, Don Panoz, established the pharmaceutical company that invested the time-release transdermal patch—yes, the nicotine patch that is used by people who want to quit smoking.
U.K. Startup Plans Two More Fuel Cell Models
River simple Movement Ltd., a startup company based in Wales, says it is developing two more fuel cell-powered vehicles in addition to the previously announced Rasa coupe that the company plans to launch in 2018.
Hedge Fund Calls for Executive Pay Cuts at VW
A fund that owns €1.2 billion ($1.4 billion) of Volkswagen AG shares blames VW’s diesel emission scandal on excess compensation and “corporate excess on an epic scale."
Marchionne Turns Bullish on Autonomous Cars
Self-driving cars could hit the road in the U.S. in five years, says Fiat Chrysler Automobiles NV CEO Sergio Marchionne.
VW Opens Manufacturing Tech Center in Wolfsburg
Volkswagen AG has opened a manufacturing innovation center at its Wolfsburg, Germany, plant to develop and test new production technologies.
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Audi SUV Is Diesel Powered
Don’t think for a minute that the Volkswagen Group is going to be abandoning diesels.
GM, Lyft to Test Driverless Electric Taxis
General Motors Co. and ride-hailing service provider Lyft Inc. plan to begin testing self-driving Chevrolet Bolt electric taxis on public roads within a year, The Wall Street Journal reports.
U.S. Again Urged Not to Share Connected-Car Broadcast Spectrum
Carmakers and state transportation departments have renewed their fight to block efforts that would allow broadcast spectrum set aside for connected vehicles to be shared by other wireless devices.
Ford Invests in Pivotal Software
Ford Motor Co. is investing $182 million in Palo Alto, Calif.-based Pivotal Software Inc. to help it develop new cloud-based mobility and connectivity technologies.
Toyota Touts Advances in Magnesium Batteries
Toyota Motor Corp. says scientists at its North America Research Institute in Ann Arbor, Mich., have discovered a new electrolyte that works with magnesium anodes that could provide a better-performing alternative to lithium-based batteries for consumer devices and electric and hybrid vehicles.