Ionity aims to install 400 high-speed charging stations across Europe by the end of next year in a bid to combat concerns about the range of electric vehicles, which is still considered a key factor limiting demand.
Nissan Motor Co CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit. Saikawa, who admitted to the overpayment last week, will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi, with a permanent replacement expected by the end of October, the Japanese company said.
Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in hundreds of thousands of job cuts, at a conference last week.
French Economy Minister Bruno Le Maire on Saturday poured cold water on the possibility of merger talks between Fiat Chrysler and Renault resuming any time soon, saying the priority for the French car maker was to strengthen its alliance with Nissan.
Nissan Motor Co's nominating committee will discuss potential successors for Chief Executive Hiroto Saikawa at a meeting on Monday, after he privately signaled his readiness to resign, a source with knowledge of the matter said. The resignation of Saikawa, a protege of former chairman Carlos Ghosn, would mark the latest upheaval over governance at the troubled Japanese automaker. The company has struggled to right itself following Ghosn's dramatic arrest and subsequent ouster last year. It was swept up again in crisis when Saikawa last week admitted to being improperly overpaid and in violation of internal procedures. That admission followed an internal investigation.
Porsche is making a leather-free version of its new Taycan electric sports car in the latest attempt by a German automaker to play up green credentials as environmental activists lobby for a boycott of the industry. Last month, a climate activist group smashed up 40 luxury vehicles and called for a boycott of this month's Frankfurt Auto Show because it celebrates an "outmoded climate and environment destroying transportation system."
Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.
Nissan Motor Co is not considering asking embattled Chief Executive Hiroto Saikawa to resign now, two people with knowledge of the matter told Reuters on Friday, a day after he admitted to being overpaid in violation of internal procedures.
Lewis Hamilton emphasised his loyalty to Mercedes on Thursday while leaving open the possibility that he might one day be tempted to race for Formula One glamour team Ferrari if circumstances change.
Cartica AI said that unlike more conventional AI systems, it does not use human-labeled data for deep learning, which is time consuming, expensive and at times unreliable.
Climate change is the top concern for Germans, opinion polls show, but government subsidies to boost sales of electric cars have not gained traction. Only 36,000 electric cars were sold in Germany last year, compared with 25,000 in 2017, according to motor vehicle authority KBA.
Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters.
U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, his secretary of agriculture said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of oil refinery waivers. The spat over the waivers has left the White House caught between the oil industry, which wants its refineries freed from obligations to blend ethanol into the fuel supply, and farmers in key election states who grow the corn used to make the ethanol.
Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday. Details of the stake were not known and the source did not want to be identified as the talks are private. Both Amazon and Go-Jek did not respond to a Reuters request for comment.
Car demand has been hit by a number of factors in recent months including a slump in sales of diesel vehicles in Europe and weakening demand in China, the world's biggest automotive market.
Hyundai Motor Co and its South Korean workers' union have reached a tentative wage deal and averted strike action for the first time in eight years, sending the automaker's shares up by more than 4 per cent . The union said it took into account "the uncertain political and economic situation" stemming from a diplomatic spat with Japan as well as a U.S.-China trade dispute.
Anthony Levandowski, a pioneer in self-driving car technology, was criminally charged on Tuesday with stealing trade secrets from his former employer Google before joining rival Uber Technologies Inc. The 33-count indictment made public by the U.S. Department of Justice largely mirrors allegations that the Waymo unit of Google parent Alphabet Inc, where Levandowski had worked, made in a 2017 civil lawsuit against Uber, which later settled. His lawyers said Levandowski stole nothing, and that they looked forward to proving his innocence at trial.
The U.S. National Highway Traffic Safety Administration plans to test how drivers could use cameras to replace traditional rearview mirrors in automobiles, a technology already allowed in other countries, the agency said on Tuesday. The planned test by the agency known as NHTSA would examine "driving behaviour and lane change manoeuvre execution" in cars with traditional mirrors and camera-based visibility systems, the department said in a notice offering the public a chance to comment.
A 15-month study of electric car charging behaviour in Germany has concluded that consumers can be persuaded to accept slow, overnight recharging that could help avoid brownouts from surges in electricity demand or costly upgrades to power grids.
Roaming peacocks, meandering tourists and curbside bushes were all causing headaches this week for operators of one of the first autonomous bus shuttle services to hit public roads in Singapore. Passengers found themselves almost outnumbered by bus stewards checking their seatbelts were tightly fastened as ST Engineering began testing four vehicles in the coastal district of Sentosa. Singapore, ranked second behind the United States in its preparedness for wide-scale driverless transport in a recent KPMG report, plans to deploy autonomous buses in three districts of the island from 2022.
