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GM Prepares for Self-Driving Taxi Test in San Francisco
7/3/2018General Motors Co. is preparing a San Francisco rollout next year for a ride-hailing service that will use self-driving electric cars, Bloomberg News reports.
Study: Diesel Sales in EU Could Sag to 5% by 2030
7/3/2018Demand for diesels within the European Union, which slid from 52% of the market in 2015 to 45% last year, could shrink to only 5% by 2030, according to management consultants AlixPartners LLP.
VW Launches €1 Billion Product Plan for India
7/2/2018Volkswagen AG says its Skoda unit will head a three-year, €1 billion ($1.2 billion) plan to develop cars and crossover vehicles specifically for the Indian market between now and 2021.
Lyft Buys Bike-Share Company
7/2/2018Lyft Inc. has purchased Motivate International Inc, the largest provider of bike-sharing services in North America.
Top Shops Workshop Coming to IMTS in 2018
7/2/2018Registration is open for the 2018 Modern Machine Shop Top Shops Workshop at IMTS. The technical program and peer-to-peer discussion deliver practical solutions and business strategies that complement the variety of cutting-edge technologies on-display at IMTS 2018.
Trump: Car Tariff Threat Is Best Way to Win Trade Concessions
7/2/2018President Donald Trump describes his threat to tax imported cars 20%-25% as “the big one” to force more favorable trade deals with other countries.
Nissan Drops Sale of Battery Business to Chinese Investor
7/2/2018Nissan Motor Co. has abandoned plans to sell its electric car battery operations to Chinese’s GSR Capital as much as $1 billion after concluding the investment firm lacked the funds to complete the purchase.
Musk Says Tesla Hit June Target for Model 3 Production
7/2/2018Tesla Inc. CEO Elon Musk told employees yesterday that the company has met its promise to achieve a weekly production rate of 5,000 units of its new Model 3 electric sedan.
Lidar Takes Flight
7/2/2018The advent of advanced driver-assist systems and autonomous vehicles opens the door for several new technologies and the suppliers developing them.
GM: Tariffs Could Lead to a "Smaller GM”
6/29/2018General Motors Co. says hefty import taxes on foreign-made cars will lead to higher prices that could cut domestic production, eliminate jobs, curtail rather than encourage investment and shrink the company.