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UPS buys stake in TuSimple, testing self-driving trucks in Arizona

5 days ago DieselGasoil Comments Off on UPS buys stake in TuSimple, testing self-driving trucks in Arizona
DETROIT (Reuters) – UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world’s largest package delivery company has been testing the startup’s autonomous trucks since May on a busy freight route in Arizona. FILE PHOTO: The logo of United Parcel Service is seen at the new package sorting Read More

Automakers warm up to friendly hackers at cybersecurity conference

1 week ago DieselGasoil Comments Off on Automakers warm up to friendly hackers at cybersecurity conference
LAS VEGAS (Reuters) – At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. FILE PHOTO: A row of Ford Focus (bottom) are displayed next to Ford F-Series Read More

Washington’s emissions plan could cost US economy $400 billion

1 week ago DieselGasoil Comments Off on Washington’s emissions plan could cost US economy $400 billion
A controversial proposal by the Trump administration to freeze greenhouse gas emissions standards could end up costing the economy US$400 billion. Using an open-source predictive modeling software, the Energy Policy Simulator, Energy Innovation found that although at first the freeze on emissions standards will lead to household savings since less fuel efficient cars are cheaper, it would Read More

Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document

2 weeks ago DieselGasoil Comments Off on Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world’s largest auto market loses steam. FILE Read More

Clean energy dream fuels a dirty mineral rush

2 weeks ago DieselGasoil Comments Off on Clean energy dream fuels a dirty mineral rush
A future of environment-friendly energy, where dirty engines and power plants rust in history’s scrapyard, is an idyllic vision. In the cynical real world, the rush for green batteries is fueling a harmful mining boom. By 2030, there will be 140 million electric cars on Earth, and by 2040 every third vehicle will be powered Read More

Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ

3 weeks ago DieselGasoil Comments Off on Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann (Reuters) – Carmakers Nissan Motor Co (7201.T) and Renault SA (RENA.PA) are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault’s merger Read More

Exclusive – India’s biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge

3 weeks ago DieselGasoil Comments Off on Exclusive – India’s biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge
MANESAR/NEW DELHI (Reuters) – India’s biggest automaker, Maruti Suzuki India Ltd (MRTI.NS), said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia’s third largest economy. Labourers walk along a street next to a Maruti Suzuki India Ltd. manufacturing plant in Read More

Exclusive: EU to block Novelis, Aleris deal unless concessions offered – sources

3 weeks ago DieselGasoil Comments Off on Exclusive: EU to block Novelis, Aleris deal unless concessions offered – sources
FILE PHOTO: Aluminum coils are stored to cool after going through the hot mill at the facility of flat-rolled aluminum products maker Novelis, part of Aditya Birla Group, in Sierre, Switzerland, September 12, 2018. REUTERS/Denis Balibouse BRUSSELS (Reuters) – EU antitrust regulators will block Novelis’ $2.6 billion bid for steel processor Aleris if Read More

Investments in cleaner vehicles hit BMW profits

3 weeks ago DieselGasoil Comments Off on Investments in cleaner vehicles hit BMW profits
FRANKFURT (Reuters) – BMW’s (BMWG.DE) second quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits. FILE PHOTO: The BMW logo is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo However, the German automaker stuck Read More