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Ferrari Shares Jump 15% in First-Day Trading
10/22/2015Shares in Ferrari SpA zoomed from a starting price of $52 to $60 before settling at $55 in their first day of trading on the New York Stock Exchange under the RACE symbol.
Indian Company to Debut $4,000 Car in Russia
10/21/2015Indian motorcycle maker Bajaj Auto Ltd. plans to introduce the Bajaj Qute minicar in Russia next spring at a starting price of 250,000 rubles ($4,000), according to the Moscow-based RBC news agency.
Maruti Suzuki Boosts Wages 10% for Temp Workers
10/21/2015Maruti Suzuki India Ltd., India’s largest carmaker, has increased the average wage it pays temporary workers by 10%, retroactive to April 2015, The Economic Times reports.
Stanford Researchers Get Aggressive on Autonomous Technologies
10/21/2015A team of Stanford University students are developing autonomous vehicle technologies that focus on extreme driving maneuvers.
Toyota to Recall 6.5 Million Vehicles with Window Switch Fire Hazard
10/21/2015Toyota Motor Corp. says it will recall 6.5 million vehicles worldwide that were fitted with power window switches that could overheat and cause a fire.
VW Suspends European Sales of Diesels with Cheater Software
10/21/2015Volkswagen AG confirms it has halted the sale of new vehicles in Europe that are equipped with diesel engines controlled by software that could cheat emission tests.
GM’s Operating Profit Surges 37% as Sales Slip
10/21/2015General Motors Co.’s operating income in July-September of 2015 jumped 37% to an any-quarter record $3.1 billion.
Marvell Readies Gigabit Ethernet for Autonomous Cars
10/21/2015Santa Clara, Calif.-based Marvell Semiconductor Inc. is launching what it claims is the first automotive Gigabit Ethernet transceiver.
Honda Targets 2020 for Self-Driving Systems
10/21/2015Honda Motor Co. plans to introduce vehicles with automated driving systems by about 2020, Reuters reports.
NHTSA Upgrades Probe into Ford F-150 Truck Brakes
10/21/2015The National Highway Traffic Safety Administration is stepping up its investigation into complaints of partial power brake failure in 2011-2012 model Ford F-150 pickup trucks.