Automotive
Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history.
Sep 28, 2022
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Security
The Department of Homeland Security issued a security alert Tuesday for small planes, warning that modern flight systems are vulnerable to hacking if someone manages to gain physical access to the aircraft.
Jul 30, 2019
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Automotive
US automaker Ford on Wednesday announced it would offer around 1,400 voluntary retirement packages as it aims to cut staff amid a shakeup in leadership and struggles with profitability.
Sep 2, 2020
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Automotive
Ford Motor Co. has hired a former executive from Apple and Tesla to be the company's head of advanced technology and new embedded systems, a critical post as the auto industry moves to adopt vehicles powered by electricity ...
Sep 8, 2021
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Automotive
Fresh off of recent legislative triumphs aimed at supporting US manufacturing, President Joe Biden is set for an upbeat appearance Wednesday at the first Detroit Auto Show since the pandemic.
Sep 14, 2022
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Automotive
Despite new electric vehicle market share and sales hitting a record in the U.S. this year, EV growth is starting to slow and fall short of the auto industry's lofty ambitions to transition away from combustion engines.
Dec 6, 2023
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Automotive
The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.
Oct 26, 2023
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Automotive
The Biden administration is proposing stiff new automobile pollution limits that would require up to two-thirds of new vehicles sold in the U.S. to be electric by 2032, a nearly tenfold increase over current electric vehicle ...
Apr 12, 2023
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Automotive
Automakers reported lower US sales on Wednesday, with purchases diving in March as the coronavirus pandemic prompted widespread economic closures in much of the country, carmakers reported Wednesday.
Apr 2, 2020
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Consumer & Gadgets
In a video game industry known for cranking out sequels, Rockstar Games has cashed in big by making "Grand Theft Auto" fans painfully wait for their next fix of the shoot 'em up blockbuster.
Dec 5, 2023
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The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide.
In 2007, a total of 71.9 million new automobiles were sold worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and Asia grew strongly. Of the major markets, Russia, Brazil, India and China saw the most rapid growth.
About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India. In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investments. Many of these negative impacts fall disproportionately on those social groups who are also least likely to own and drive cars. The sustainable transport movement focuses on solutions to these problems.
In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage. Roughly half of the US's fifty one light vehicle plants are projected to permanently close in the coming years with the loss of another 200,000 jobs in the sector, on top of the 560,000 jobs lost this decade. As a result, in 2009, China became the largest automobile market in the world.
This text uses material from Wikipedia, licensed under CC BY-SA
