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World - China to hasten roll-out of car charging network: Xinhua

China wants to speed construction of a national network to charge electric cars, to help reach an ambitious goal of 5 million green vehicles on its roads by 2020, national news agency Xinhua said on Sunday, citing a senior energy official. A shortage of charging facilities has long been a roadblock for sales by electric car makers, from domestic firm BYD Co Ltd to U.S. rival Tesla Motors, as well as for government plans to rein in high levels of pollution. China has made some progress on car charging infrastructure but its approach has lacked coordination, National Energy Administration deputy head Zheng Zhajie said.

Sunday, October 04, 2015  05:52


Business - Tesla`s Musk says sedan sales strong tied to SUV launch event

Tesla Motors Inc saw strong orders of its Model S sedan tied to the launch of its sports utility vehicle, relieving some concerns that the larger car might siphon away sales, Chief Executive Officer Elon Musk said on Friday. `We were worried that maybe there would be some cannibalization of Model S orders,` Musk said, speaking during an event in New York held by SolarCity Corp , a solar energy company of which Musk also serves as chairman. During the event at the Nasdaq, at which SolarCity announced a panel it says is the industry`s most efficient, Musk also said construction of Tesla`s giant $5 billion battery plant in Nevada, known as the `gigafactory,` was `progressing very well` and that he hoped it would begin production in the spring.

Friday, October 02, 2015  21:06


Business - U.S. regulator extends diesel emissions probe to other car models: FT

(Reuters) - The U.S. regulator that exposed Volkswagen`s rigging of emissions tests is investigating more than two dozen diesel car models made by BMW , Chrysler, General Motors , Land Rover and Mercedes-Benz to find out whether they engaged in similar cheating, the Financial Times reported. The Environmental Protection Agency`s search for software-based `defeat devices` will encompass at least 28 diesel-powered models to determine whether Volkswagen was alone in rigging emissions tests or the practice is more widespread in the industry, the FT reported, citing a document the newspaper has seen.

Friday, October 02, 2015  11:27


Business - GM targets double-digit earnings growth in 2016

By Joseph White and Bernie Woodall MILFORD, Mich. (Reuters) - General Motors Co on Thursday moved to convince Wall Street that its recovery is gathering momentum with improving margins, strong brands, new markets for high-tech vehicles, and prospects for stronger profits in coming years. The No. 1 U.S. automaker said it is targeting an increase in earnings per share to between $5 and $5.50 per share, from its goal of $4.50 per share this year. GM said it will increase its return to investors by stronger profit margins in China and North America, as well as operating efficiencies and share buybacks.

Thursday, October 01, 2015  16:11


Business - GM sees double-digit earnings growth in 2016

General Motors Co on Thursday said it is targeting an increase in earnings per share to between $5 and $5.50 per share, from its goal of $4.50 per share this year. GM plans for 39 percent of its global sales to come from new or refreshed vehicles, up from 26 percent this year.

Thursday, October 01, 2015  14:41


Business - GM and Navistar to develop and make commercial trucks

(Reuters) - U.S. automaker General Motors Co said on Wednesday it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp. GM said on Wednesday the agreement will help boost its Chevrolet commercial truck business. The move `strengthens Chevrolet`s providing commercial customers with more choices and one-stop shopping for a versatile lineup of trucks, vans and crossovers,` Ed Peper, GM`s U.S. vice president of fleet and commercial sales said in a statement. The future products will be jointly developed using Navistar`s rolling chassis configurations and manufacturing capabilities, and GM commercial components and engines.

Wednesday, September 30, 2015  15:14


Business - GM and Navistar join to develop and make commercial trucks

(Reuters) - General Motors Co said it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp. GM said on Wednesday the agreement will help boost its Chevrolet commercial truck business. Production will begin in 2018 at Navistar`s plant in Springfield, Ohio. Navistar said it would add 300 jobs and invest more than $12 million to upgrade the factory and equipment. (Reporting by Arunima Banerjee in Bengaluru; Editing by Ted Kerr)

Wednesday, September 30, 2015  14:38


Technology - Tesla`s First SUV Is Finally Hitting The Road

Tesla Motors` Model X, one of the only all-electric SUVs on the market, was officially unveiled Tuesday night near the company`s California factory. (Sept. 30)

Wednesday, September 30, 2015  14:02


Business - Big Auto look to tech companies to fix cars over the air

By Alexandria Sage SAN FRANCISCO (Reuters) - As cars increasingly resemble digital devices, a group of technology firms that can send wireless software updates to cars are in hot demand by carmakers scrambling to catch up to Tesla Motors in the arena of over-the-air updates, or OTAs.     Interest in the technology, through which certain car functions can be upgraded much the same way as an iPhone, comes as Tesla is set to deliver an OTA for hands-free cruise control this month, allowing its electric Model S sedans to drive themselves on freeways.     `Tesla has made great strides in raising the profile of OTA, making it appear somewhat sexy by showing how features could be added,` said Strategy Analytics consultant Roger Lanctot. `They`re almost poking the traditional carmakers in the eye by making it look so easy.`     That has spurred the big automakers to get more serious about OTAs, although they are hampered by the challenge of making software compatible with internal combustion engines, dealers worried about losing service revenue and security concerns.     `There`s a whole mindset change` as automakers embrace the need for the technology, said Honda spokesman Matt Sloustcher.     Oren Betzaleli, product strategy head for Israeli OTA firm Redbend, said four years ago it was hard to get in the door.     `Today, OTA is so important to car makers that we can get in right away to see the VPs of manufacturing,` he said.     Betzaleli said between six and 10 auto companies are `engaged` with Redbend`s technology for cars but declined to name them.

Tuesday, September 29, 2015  06:33


Business - Exclusive: GM to tap into connectivity, expand car sharing services - CEO

By Joseph White DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra said the automaker plans new efforts to capitalize on the connectivity built into its cars, expanding car sharing services, offering more autonomous driving features and enabling services through smartphone apps. `Our goal is to disrupt ourselves, and own the customer relationship beyond the car,` Barra told Reuters in an interview Monday ahead of a meeting with investors and analysts scheduled for Oct. 1. Using technology embedded in its cars, she said, a customer who owns a Chevrolet Malibu could step into a Cadillac CTS and the luxury car could import from a smartphone app the driver`s preferences for how the car should function.

Monday, September 28, 2015  23:52

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