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SoftBank and Toyota want driverless cars to change the world

7 hours ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son 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 Read More

UK economy dodges no-deal Brexit hit, for now

4 days ago DieselGasoil Comments Off on UK economy dodges no-deal Brexit hit, for now
LONDON (Reuters) – Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months. FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson Read More

Trump: China trade deal likely; carmakers can avoid tariffs with U.S. plants

4 days ago DieselGasoil Comments Off on Trump: China trade deal likely; carmakers can avoid tariffs with U.S. plants
WASHINGTON (Reuters) – U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported good for some time did not mean talks were in trouble. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Read More

Daimler taps Goldman to raise China BAIC shareholdingsources

4 days ago DieselGasoil Comments Off on Daimler taps Goldman to raise China BAIC shareholdingsources
HONG KONG (Reuters) – Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said. The Daimler is seen during a press conference on the second press day of the Paris auto show, in Read More

7 things to know before the bell

5 days ago DieselGasoil 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

From California to Oslo: foreign subsidies fuel Norway's e-car boom, for now

5 days ago DieselGasoil Comments Off on From California to Oslo: foreign subsidies fuel Norway's e-car boom, for now
OSLO (Reuters) – On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world. Maiken Skram of Buddy Electric car dealer company shows the Read More

Ford adds production of electric vehicles at second North American site

6 days ago DieselGasoil Comments Off on Ford adds production of electric vehicles at second North American site
DETROIT (Reuters) – Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year. FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, Read More

Safety first: Volvo to add in-car sensors to prevent drunk driving

6 days ago DieselGasoil Comments Off on Safety first: Volvo to add in-car sensors to prevent drunk driving
GOTHENBURG (Reuters) – Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents. FILE PHOTO: The 2016 Volvo XC90, winner of the Truck of the Year award at Read More

Overdone? Short EU equities 'most crowded' trade for first time

1 week ago DieselGasoil Comments Off on Overdone? Short EU equities 'most crowded' trade for first time
LONDON (Reuters) – Fund managers have named bearish bets in European equities as the “most crowded” trade in Bank of America Merrill Lynch’s survey for the first time in its history, suggesting sentiment for one of the world’s most shunned markets may rise from here. FILE PHOTO: The German share price index DAX graph is Read More

Brexit spurs biggest cut in UK business investment in 10 years: BCC

1 week ago DieselGasoil Comments Off on Brexit spurs biggest cut in UK business investment in 10 years: BCC
LONDON (Reuters) – British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday. A man stands near the Canary Wharf business district, in east Read More