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Daimler to recall hundreds of thousands of additional cars as part of ‘Dieselgate’ scandal

4 days ago NAMEX Comments Off on Daimler to recall hundreds of thousands of additional cars as part of ‘Dieselgate’ scandal
German carmaker Daimler said it will recall “a medium six-figure” number of diesel engines that fail to meet the EU’s emission standards after a ruling by German road traffic regulator. A probe by the federal authority for roads, Kraftfahrt-Bundesamt (KBA), determined that so-called OM 651 diesel engines do not meet Euro 5 emission standards, and Read More

Factbox: International tax faces biggest shake-up in decades under OECD plan

7 days ago NAMEX Comments Off on Factbox: International tax faces biggest shake-up in decades under OECD plan
PARIS (Reuters) – The Organisation for Economic Cooperation (OECD) has proposed overhauling rules for taxing cross-border corporate income to bring them into line with the digital age. FILE PHOTO: United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron Finance Read More

Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany

1 week ago NAMEX Comments Off on Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany
FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder BERLIN (Reuters) – Daimler (DAIGn.DE) said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust Read More

BMW not interested in settling EU cartel investigations: WirtschaftsWoche

3 weeks ago NAMEX Comments Off on BMW not interested in settling EU cartel investigations: WirtschaftsWoche
FILE PHOTO: A logo of German luxury carmaker BMW, is seen ahead of the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder BERLIN (Reuters) – Germany’s BMW (BMWG.DE) has no interest in settling an investigations by the European Union antitrust authorities against the company and other German carmakers, German magazine WirtschaftsWoche Read More

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture

3 weeks ago NAMEX Comments Off on Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture
SEOUL/NEW YORK (Reuters) – Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv (APTV.N), the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market. FILE PHOTO: The logo of Hyundai Motor is pictured at the second media Read More

India’s Tata Motors to launch new EV in 2020

4 weeks ago NAMEX Comments Off on India’s Tata Motors to launch new EV in 2020
MUMBAI (Reuters) – Indian automaker Tata Motors will launch an electric vehicle (EV) early next year based on a new powertrain technology it has developed to grow its portfolio of clean energy cars, the company’s chief executive said on Thursday. The government’s incentive scheme supporting electric transport and a recent cut in taxes on electric Read More

Tesla takes on Porsche with battle on Germany’s toughest circuit

4 weeks ago NAMEX Comments Off on Tesla takes on Porsche with battle on Germany’s toughest circuit
FRANKFURT (Reuters) – Tesla TSLA wants to steal Porsche’s bragging rights by testing its Model S on the northern loop of Germany’s Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products. Tesla electric cars are seen in the dealer’s showroom in Oslo, Norway March 28, Read More

SoftBank and Toyota want driverless cars to change the world

1 month ago NAMEX Comments Off on SoftBank and Toyota want driverless cars to change the world
SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank Read More

Ford makes big electric push in Europe with new launches

1 month ago NAMEX Comments Off on Ford makes big electric push in Europe with new launches
(Reuters) – Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe this year, a key step in its target of achieving a majority of its overall sales from electric cars by the end of 2022. FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Read More

7 things to know before the bell

1 month ago NAMEX Comments Off on 7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the Read More