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Tesla Burning Cash at $480,000 Per Hour
11/22/2017Over the past 12 months Tesla Inc. has been burning through cash at a rate of $8,000 per minute ($480,000 per hour), according to Bloomberg News.
Apple Researchers Tout New Object-Detection Tech
11/22/2017Apple Inc. says it is developing a new lidar-based object-detection technology that promises improved performance over current lidar and camera sensors in self-driving vehicles.
Subaru America Readies Special-Edition 50th Anniversary Models
11/22/2017To commemorate its 50th anniversary of operating in the U.S., Subaru Inc. will offer special-edition versions of all its vehicles next year.
Uber Covered Up Hack that Stole Data on 57 Million Accounts
11/22/2017Uber Technologies Inc. paid two hackers $100,000 a year ago not to reveal that they had stolen data about 57 million of the ride-hailing service’s accounts, Bloomberg News says.
NAFTA Talks Remain Stalled on Key Issues
11/21/2017Negotiators have wrapped up a fifth round of talks with no progress on key issues about the future of the North American Free Trade Agreement.
Delphi Completes nuTonomy Acquisition
11/21/2017Delphi Automotive plc has completed its purchase of nuTonomy Inc.—a 4-year-old startup that develops software used to control self-driving vehicles—for $450 million.
Renault to Make Cars in Pakistan
11/21/2017Renault SA has partnered with Dubai-based Al-Futtaim Automotive to make and sell cars in Pakistan by 2019, Automotive News Europe reports.
Takata Finalizes Asset Sale to Key Safety Systems
11/21/2017Bankrupt airbag supplier Takata Corp. has signed a final agreement to sell most of its assets to Michigan-based Key Safety Systems Inc. for $1.6 billion.
Toyota Unveils Virtual Reality-Controlled Robot
11/21/2017Toyota Motor Corp. says its third-generation T-HR3 humanoid robot can better replicate human movements via remote body controls, allowing it to perform tasks more efficiently in a variety of environments.
Schumacher F1 Car Fetches $7.5 Million
11/21/2017A Ferrari Formula One race car driven by racing legend Michael Schumacher was sold at an auction last weekend in New York for $7.5 million, a record for a modern-era F1 car.