Business

High-flying Tesla stock takes a hit on 1st day in S&P 500

In the middle of last year, Tesla's losses were piling up, sales weren't enough to cover expenses and big debt payments loomed. The situation was so bad that one influential Wall Street analyst raised the possibility that ...

Automotive

Volkswagen facing 'massive' shortage of electronic parts

Volkswagen said Thursday it was facing production slowdowns due to a "massive" supply bottleneck caused by a shortage of semiconductor components for car electronics as global automobile markets bounce back from the pandemic ...

Automotive

Volkswagen loses top EU court case in diesel scandal

The European Union's top court ruled on Thursday that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines.

Automotive

GM's Cruise to deploy fully driverless cars in San Francisco

General Motors' self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the ...

Consumer & Gadgets

Studying trust in autonomous products

While a certain level of trust is needed for autonomous cars and smart technologies to reach their full potential, these technologies are not infallible—hence why we're supposed to keep our hands on the wheel of self-driving ...

Energy & Green Tech

Porsche launches effort to make carbon-neutral 'e-gas'

Porsche has no plan to make an electric version of its iconic 911 sports cars. So, how to ensure continued sale of its flagship model far into the future, when governments around the world, including California's, are planning ...

Automotive

German car sales dip in November

New car sales in Germany dipped in November, official data showed Thursday, as a second coronavirus wave forced another round of shutdowns in Europe's top economy.

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Automobile

An automobile or motor car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor. Most definitions of the term specify that automobiles are designed to run primarily on roads, to have seating for one to eight people, to typically have four wheels, and to be constructed principally for the transport of people rather than goods. However, the term automobile is far from precise, because there are many types of vehicles that do similar tasks.

As of 2002, there were 590 million passenger cars worldwide (roughly one car per eleven people). 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.

This text uses material from Wikipedia, licensed under CC BY-SA