Automobiles / Auto Parts (Legacy)
US STOCKS-Wall St set to hit record highs at open on stimulus bets
By Devik Jain, Shreyashi Sanyal (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Tesla invests $1.5 bln in bitcoin; crypto stocks jump * Disney, Cisco climb ahead of results this week * Futures up: Dow 0.45%, S&P 0.37%, Nasdaq 0.41% (Adds …
Modern driver-assistance technology ‘far from reliable’: AAA study
(Reuters) – Advanced driver assistance technology that automates steering and braking in a growing number of vehicles is not providing reliable safety benefits, a new study by the American Automobile Association showed on Thursday. Researchers at AAA, a federation of North American motor clubs, found that the systems recorded disruptions and disengaged roughly every eight …
U.S. senator slams Tesla’s ‘misleading’ name for Autopilot driver assistance system
WASHINGTON (Reuters) – A U.S. senator on Friday urged Tesla Inc (TSLA.O) to rebrand its driver assistance system Autopilot, saying it has “an inherently misleading name” and is subject to potentially dangerous misuse. But Tesla said in a letter that it had taken steps to ensure driver engagement with the system and enhance its safety …
U.S. groups urge automakers to adopt common names for driver assistance technology
(Reuters) – A group of stakeholders in the U.S. auto industry urged automakers to adopt standarized names for Advanced Driver Assistance System (ADAS) technology from a list they released on Wednesday, seeking to reduce confusion among consumers. The list of names, drawn up by roadside assistance provider American Automobile Association (AAA), influential U.S. magazine Consumer …
GM appeals directly to employees as strike losses mount, riling UAW
DETROIT/WASHINGTON (Reuters) – General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker’s latest offer aimed at ending a month-long strike, angering the union with which it is negotiating. FILE PHOTO: Striking union workers walk the picket line outside …
Volkswagen gambles on ride-hailing to break through African roadblocks
JOHANNESBURG/KIGALI (Reuters) – When Volkswagen’s Africa boss Thomas Schaefer set out to conquer the continent, he quickly realized he needed more than a flashy new product. He needed a new business model. Rwandan Joseline Iradukunda sits inside her “Move” app-driven ride-hailing service Volkswagen Polo in Kigali, Rwanda. September 23, 2019. REUTERS/Jean Bizimana Study after study …