Tag Archives: automakers

Feds Arrest Ex-Green Beret In Escape Of Ex-Nissan CEO

Reuters reports: U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country. Federal prosecutors in Massachusetts said that former U.S. Green Beret Michael Taylor, 59, and his son, Peter Taylor, 27, helped Ghosn last year …

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Tesla To Unveil Breakthrough “Million Mile” Battery

Reuters reports: Electric car maker Tesla plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid. For months, Tesla …

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Musk Vows To Move Tesla To TX Over CA Lockdown

The Hill reports: Elon Musk threatened to move Tesla out of California Saturday over a lingering stay-at-home county order preventing the company from restarting business until June 1. On Saturday, the Tesla CEO dangled an impending lawsuit via Twitter, accusing the Alameda County’s health officer of infringing on Constitutional freedoms. “Tesla is filing a lawsuit against Alameda County immediately. The …

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CLOSING: Shopping Malls, Auto Factories, Ikea, Macy’s

CNBC reports: The biggest mall owner in the U.S., Simon Property Group, announced it will be closing all of its malls and outlet centers in the country, effective at 7 p.m. until March 29. “The health and safety of our shoppers, retailers and employees is of paramount importance,” CEO David Simon said in a statement. Simon is the first U.S. …

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UPS Signs Deal For 10,000 Electric Delivery Trucks

Engadget reports: Delivery giant UPS has ordered 10,000 electric trucks from Arrival, a technology company based in the UK. Some of the vehicles will be trialed in London and Paris later this year, building on a similar experiment that was run by the two companies in 2018. The pair then hope to deploy the trucks across Europe and North America …

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Automaker Unveils Driverless Electric Group Taxi

TechCrunch reports: Cruise unveiled Tuesday evening a “production ready” driverless vehicle called Origin, the product of a multi-year collaboration with parent company GM and investor Honda that is designed for a ride-sharing service. The shuttle-like vehicle — branded with Cruise’s trademark orange and black colors — has no steering wheel or pedals and is designed to travel at highway speeds. …

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Ex-Nissan Boss: I Fled Japan’s Injustice, Discrimination

The Associated Press reports: Nissan’s former Chairman Carlos Ghosn said Tuesday from Lebanon that he was not fleeing justice but instead left Japan to avoid “injustice and political persecution” over financial misconduct allegations during his tenure leading the automaker. “I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is …

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Ex-Nissan Chief Flees Japan House Arrest For Lebanon

CNBC reports: Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was awaiting trial in Japan, flew into Lebanon on Monday evening, France’s Les Echos newspaper reported. It was unclear how Ghosn, who holds both French and Lebanese citizenship, would have been able to leave Japan, where he has been under strict court-imposed restrictions on his movements. Reuters …

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Tesla Claims 146,000 Preorders For Cybertruck (BUT)

The Washington Post reports: Tesla has received 146,000 preorders for its all-electric Cybertruck, chief executive Elon Musk said Saturday, two days after the futuristic vehicle’s grand reveal went viral when its supposedly unbreakable windows shattered onstage. With an angular design, a stainless steel “exoskeleton” and an overall look that some fans have called “post apocalyptic,” the Cybertruck stands out from …

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Tesla “Cybertruck” Launch Event Goes Badly [VIDEO]

CNBC reports: Tesla unveiled its futuristic pickup truck at a promotional event in Los Angeles, but when it came to showing off the vehicle’s durability, things didn’t quite go as planned. CEO Elon Musk claimed the car was “bulletproof” against a 9mm handgun. But when he got Tesla’s chief designer to throw a metal ball at one of its armored …

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Ford Gambles Big With All-Electric Mustang [VIDEO]

Yahoo Finance reports: Ford took its time. But for its first electric vehicle, the 116-year old automaker did something a little controversial. The Mustang Mach-E is an all-new, fully-electric crossover that Ford says is part of the “Mustang family.” That means it has some styling cues from the famous pony car, but that’s about it. It’s not a coupe, convertible, …

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Trump Vows Cars Will Be Safer And Far Less Expensive Because He Banned California’s Emissions Standards

NBC News reports: President Donald Trump said Wednesday that his administration is barring California from setting its own auto emissions standards, setting up a fresh struggle over the president’s push to unravel restrictions on businesses. In tweets announcing the move, the president said the White House “is revoking” a federal waiver that allowed the state to craft its own rules …

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United Auto Workers Begin Strike Against GM [VIDEO]

CNN reports: The United Auto Workers union went out on strike against General Motors Sunday night, the first work stoppage in the US auto industry in 12 years. The union’s 48,000 hourly workers walked out at 31 GM factories and 21 other facilities, spread across nine states, mostly in the center of the country. It’s the largest strike by any …

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Auto Workers Call Strike Against General Motors

CNBC reports: The United Auto Workers union plans to strike against General Motors following the two sides not reaching a tentative deal before a Saturday night deadline. The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007. The two-day work stoppage was …

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Self-Driving Carmakers: Let’s Remove Steering Wheels

The Verge reports: The federal government should rewrite the safety rules for automobile manufacturing so self-driving carmakers can deploy vehicles without traditional controls like steering wheels and pedals, according to public comments submitted by top car and tech companies. “We urge [the National Highway Safety Traffic Administration] to move ahead promptly to remove the regulatory barriers the agency has identified,” …

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Auto Industry Icon Lee Iacocca Dead At 94 [VIDEO]

CNBC reports: Lido Anthony Iacocca, the automobile industry legend best known as “Lee,” died at the age of 94 on Tuesday morning, his family confirmed. A child of Italian immigrants who grow up in humble conditions, Iacocca became one of the most powerful — and best known — executives in Detroit. Iacocca rose to become president of Ford Motor in …

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General Motors Shutters Chevy Cruze Plant [VIDEO]

NBC News reports: A sprawling General Motors assembly plant near Youngstown was idled on Wednesday after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by month’s end. GM announced late last year that Lordstown along with three plants in the U.S. and one in Canada would close by early next …

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SEC Asks Federal Court To Hold Elon Musk In Contempt

Bloomberg reports: The U.S. Securities and Exchange Commission asked a judge to hold Elon Musk in contempt for violating his Oct. 16 settlement with the agency requiring him to seek pre-approval from Tesla Inc. for social media posts and other written communication that would be material to the company or investors, Bloomberg News reports. CNBC reports: The SEC’s enforcement action …

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Volkswagen Moves Toward Ending Gas-Powered Cars

Reuters reports: Volkswagen will develop its final generation of vehicles using combustion engine technology in 2026, the company’s strategy chief said today. VW made a strategy shift toward battery-driven vehicles in the wake of a damaging diesel-emissions cheating scandal in 2015, which forced the carmaker to pay billions of dollars in fines for hiding excessive pollution. “In the year 2026 …

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Trump Lies About Nonexistent Deal For New BMW Plant

ABC News reports: President Donald Trump, in a tweet early Thursday morning, downplayed General Motors’ announcement it was shuttering several U.S. factories and laying off thousands of American workers, claiming it was an anomaly among the broader “booming” U.S. economy. In doing so, though, the president repeated his frequent false claim that steel plants are opening all over the country. …

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