Tag: Automobile manufacturing
Toyota acquires Lyft’s self-driving unit for $500 million
TOKYO — Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $500 million, in a move that underlines the...
Tesla posts $438M 1Q profit on strong electric vehicle sales
DETROIT — Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter.
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Daimler profit jumps to 4.4 billion euros, margin outlook up
FRANKFURT, Germany — German car and truck maker Daimler AG says net profit rebounded strongly to 4.4 billion euros in the first three months...
America’s gas-fueled vehicles imperil Biden’s climate goals
DETROIT — For President Joe Biden to reach his ambitious goal of slashing America’s greenhouse gas emissions in half by 2030, huge reductions would...
Honda to phase out gas-powered cars by 2040 in N. America
NEW YORK — Japanese automaker Honda said Friday that it plans to phase out all of its gasoline-powered vehicles in North America by 2040,...
Jaguar Land Rover halts production because of chip shortage
LONDON — Jaguar Land Rover said Thursday it's suspending production at two U.K. factories, becoming the latest automaker to fall victim to a global...
Jaguar Land Rover halts production because of chip shortage
LONDON — Jaguar Land Rover said Thursday it's suspending production at two U.K. factories, becoming the latest automaker to fall victim to a global...
Biden to restore California’s power to set pollution rules
DETROIT — The U.S. Transportation Department is moving to reverse former President Donald Trump's bid to end California's ability to set its own automobile...
Subaru recalls vehicles to fix engine, suspension problems
DETROIT — Subaru is recalling nearly 875,000 cars and SUVs in the U.S. because the engines can stall or a rear suspension part can...
2 Italian managers indicted in Fiat Chrysler emissions probe
DETROIT — Two Italian managers in Fiat Chrysler's diesel engine program have been indicted by a federal grand jury in Detroit in a widening...
