NEWS

Tesla Burning Cash at $480,000 Per Hour

11/22/2017

Over 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

11/22/2017

Apple 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

11/22/2017

To 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

11/22/2017

Uber 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

11/21/2017

Negotiators 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

11/21/2017

Delphi 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

11/21/2017

Renault 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

11/21/2017

Bankrupt 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

11/21/2017

Toyota 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

11/21/2017

A 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.