Category: Auto

Auto

Tesla wins second dismissal of lawsuit over Model 3 production

SAN FRANCISCO — A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla Inc. shareholders alleging that the company made misleading comments about the production status of its Model 3. U.S. District Judge Charles Breyer sided with Tesla, granting the company dismissal of the lawsuit brought in […]

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FCA shortens shifts at Canada minivan plant to adjust inventory

Fiat Chrysler Automobiles is shortening production shifts at its Canada minivan plant in order to adjust for inventories, the company told Automotive News Canada on Monday. “Regular production schedules are expected to resume in April,” FCA Canada spokeswoman Lou Ann Gosselin said in an email. “We are not providing details beyond the statement,” Gosselin said when asked specifically […]

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Domino’s teams with Xevo to offer in-vehicle pizza ordering

Domino’s Pizza Inc. — already known as the tech-savviest pizza maker — is getting inside the biggest piece of hardware people own: their cars. A new ordering platform will be preloaded on millions of “connected” cars starting this year, Domino’s said Monday, through a partnership with Xevo Inc., which provides commerce services in some GM […]

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China to reduce intervention in auto, other industries

China will reduce government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-U.S. trade war. The government’s pledge to reduce its influence over operational matters in China’s manufacturing sector follows an apparent toning down of […]

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FCA plant project rests on complicated Detroit land deal

DETROIT — In April 2007, trucking magnate Manuel “Matty” Moroun snatched up the shuttered 2.1 million-square-foot Budd Wheel plant, a rectangle-shaped 80-acre site on the city’s east side that had been closed for good in 2006 as the decades-long retreat of corporate capital and people from Detroit was escalating. In the acquisition, the billionaire businessman […]

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Daimler to decide Smart future by year-end, report says

Daimler AG will decide on the future of its money-losing Smart brand by the end of this year, German business paper Handelsblatt reported. Daimler, which sells the Mercedes-Benz and Smart brands, is losing patience with losses at its microcar brand, the paper said. Daimler’s incoming CEO, Ola Kallenius, who succeeds Dieter Zetsche in May, has […]

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Uber said to prepare $3B offer for Dubai rival

Uber Technologies Inc. is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters. Uber’s offer could be unveiled during the early part of this week, a third source added. Uber will pay $1.4 billion in cash and $1.7 billion in convertible notes, which […]

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Hyundai hikes average monthly wages by Rs 25,200

NEW DELHI: Korean auto major Hyundai Motor India Limited (HMIL) Monday inked a wage settlement pact with technicians at its Chennai facility raising average monthly salary by Rs 25,200 for a three-year period till March 31, 2021. The agreement will come into retrospective effect from April 2018. As per the agreement, technicians will receive 55% […]

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Delhi to get 131 charging stations for electric vehicles

NEW DELHI: The capital will get 131 public charging stations for electric vehicles to address the concerns of potential buyers and to ensure that people have access to recharging facilities in their vicinity. According to the plan approved by the power ministry and the Delhi government, 33 such facilities will be set up at Metro […]

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