May 24, 2018

Uber ends self-driving program in Arizona after fatal crash...

Uber is pulling its self-driving cars out of Arizona, a reversal triggered by the recent death of woman who was run over by one of the ride-hailing service's robotic vehicles while crossing a darkened street in a Phoenix suburb. The decision announced Wednesday means Uber won't be bringing back its self-driving cars to the streets to Arizona, eliminating the jobs of about 300 people who served as backup drivers and performed other jobs connected to the vehicles. Uber had suspended testing of its self-driving vehicles in Arizona,......

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May 24, 2018

Tata Motors India biz shaping up, JLR a concern: Jay Kale,...

Jay Kale, Vice President - Equity Analyst, Auto and Auto Ancillaries, tells ET Now that just before the results were out, Elara Capital had upgraded Tata Motors based on valuation comfort and downside cushion. Edited excerpts: How are you going to look at Tata Motors earnings? It just seems to be a disappointing set. Now, even the cash cow JLR is topping out. One wonders what could be the trigger for the future! Tata Motors results had been subdued on the EBITDA side while adjusted EBITDA was marginally below estimate. Standalone was......

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May 22, 2018

Aston Martin gears up for more growth ahead of possible...

Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches. After six years of losses, James Bond's favourite carmaker swung to a pretax profit in 2017, fuelling speculation of a potential stock market listing. Finance chief Mark Wilson reiterated on Monday the decision would be a matter for its shareholders, mainly Italian private equity fund Investindustrial and a group of Kuwaiti investors. Aston Martin......

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May 22, 2018

Road Safety Awareness Campaign Stresses the Importance of...

On its second week, The Road Safety Awareness Campaign launched by AETOSWire, the news distribution arm of NSG and the exclusive representative of Business Wire, a Berkshire Hathaway company, in MENA region; and RoadSafetyUAE,"...

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May 16, 2018

AETOSWire and RoadSafetyUAE Launch Awareness Campaign for...

AETOSWire, the news distribution arm of NSG and exclusive representative of Business Wire, a Berkshire Hathaway company, in the MENA region, joined hands with RoadSafetyUAE, an initiative that ultimately"...

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May 15, 2018

Tesla sets up Shanghai firm as it expands China presence...

Tesla has set up a company in Shanghai focusing on technology development in China, a crucial market for the US firm as the country plans to scrap ownership limits for foreign automakers.

The US firm's"...

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May 15, 2018

Ramadan – Accidents / Claims Analysis & Road Safety...

Ramadan is a very special time and it’s all about being with the ones close to us, and this creates a lot of traffic! This festive period poses unique challenges for road users.

The Ramadan specific lifestyle"...

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May 14, 2018

Tesla executive Schwall leaves for Alphabet's Waymo: WSJ...

Tesla's main technical contact with US safety investigators, Matthew Schwall, has left the electric carmaker for Alphabet's self-driving unit Waymo, the Wall Street Journal reported on Saturday, citing people familiar the decision. Schwall, the director of field performance engineering at Tesla, exited the company as the National Transportation Safety Board (NTSB) has been investigating multiple crashes involving the electric vehicles, the newspaper reported. The former Tesla executive began at Waymo last Monday, where he joined the company's safety team led by former National Highway Traffic Safety Administration Deputy Administrator......

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May 13, 2018

Ford to reopen two F-150 truck plants next Friday

Ford Motor Co will resume production of F-150 pickups on Friday, May 18 at its Dearborn and Kansas City plants, according to a source familiar with the automaker's plans. Ford shut truck plants in Michigan, Missouri and Kentucky earlier this week because of parts shortages caused by a supplier fire in Michigan. indiatimes ...

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May 10, 2018

Ford halts F-series, Super Duty production due to parts...

Ford Motor Co said on Wednesday it has halted production of some of its most profitable vehicles, the F-150 and Super Duty pickup trucks, at two US factories after a fire at a supplier plant that produces parts for the trucks. Production of F-150 pickups at a third Ford plant in Dearborn, Michigan, could be idled Wednesday or Thursday, people familiar with the situation said. It was not clear how long the production disruptions will last. A Ford spokeswoman said on Wednesday the automaker is working closely with the supplier to get production......

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