The Japanese automaker plans to keep refining its petrol engines and the hybrid technology it pioneered two decades ago while also developing battery operated cars as tightening global emissions rules drive a race for longer-range affordable EVs.
The 9.7 percent holding makes Li, Daimler's biggest shareholder and gives him a leg up to the negotiating table after the Mercedes-Benz owner knocked back a request from Geely late last year to issue new shares so it could buy a stake.
Ford wants to build a "transportation mobility cloud" and technology that would allow cities, fleet operators and others to use a shared platform to manage vehicles and connect people to different types of transportation.
Germany's government, which has steadfastly opposed barring heavily-polluting diesel cars from cities, is working on changes to allow driving bans on certain routes on an emergency basis, documents seen by Reuters showed. Junior transport minister Norbert Barthle, a conservative, disclosed the shift in a reply to a parliamentary question by the Greens party, first reported by the Rheinische Post.
BMW said the models affected were 5- and 7-Series cars made between 2012 and 2017 containing high-performance diesel engines and three turbo chargers.
Carmakers have sought to avert a total ban with an agreement to overhaul engine management software on 5.3 million diesel cars as a way to clean up German cities.
Mercedes-Benz is currently testing eActros trucks with an operating range of up to 200 kms as part of a broader electrification push.
General Motors has proposed investing $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday. Last week, the U.S. automaker announced it would shut down a factory in Gunsan, southwest of Seoul, and said it was mulling the fate of its three remaining plants in South Korea.
Sony aims to become the latest blue-chip firm to jockey for position in Japan's taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system.
Desmarest's exit comes amid renewed tensions between Renault and the French government, which has been pressing Ghosn to recruit a second-in-command who could one day succeed him at the helm of the Renault-Nissan alliance.
Nissan plans to invest $9.5 billion in China over the next five years with its joint-venture partner as it seeks to become a top three automaker in the world's biggest market.
Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, senior executives told a German weekly. Mercedes-Benz owner Daimler and Bosch teamed up last year to develop self-driving cars in an alliance aimed at accelerating the production of robo-taxis, joining a growing number of rivals trying to do the same.
The announcement is aimed at addressing criticism that the government was toothless in dealing with Volkswagen after a scandal that affected 1.2 million cars in Britain.
Electric GT Holdings said that the first EPCS championship would start in mid-2018, with races around Europe, and involve up to 20 drivers competing in race-prepared Tesla Model S P100D cars.
Germany's Robert Bosch, the world's biggest automotive supplier, is betting on farming technology to boost profit this year as disclosures about experiments by carmakers on monkeys jeopardise diesel-related jobs. The Stuttgart-based company said it introduced new smart farming solutions last year, including sensor-based technologies to help farmers cultivate asparagus and strawberries, manage cattle or even to farm oysters.
The problems included Tesla needing to make some batteries by hand and borrowing scores of employees from one of its suppliers to help with manual assembly.
California Governor set a new target of 5 million zero-emission vehicles in California by 2030, up from a prior target of 1.5 million by 2025.
The move follows an announcement by the National Transportation Safety Board (NTSB) that it was sending two investigators to the scene to conduct a "field investigation" to examine both driver and vehicle factors in Monday's accident in which the driver said the vehicle was operating in "Autopilot" mode.
Road Transport authority KBA had told Audi to respond by February 2 on how it plans to update vehicle software controlling emissions, making sure the cars are unable to illegally manipulate emission controls.
Judge Martin Glenn of the U.S. Bankruptcy Court in New York said the agreement that car owners had reached with a trust that holds many GM liabilities from before its 2009 bankruptcy was not valid without signatures.
