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Tesla Motors Inc. reported fourth-quarter deliveries that fell short of its own forecasts as production delays continue to plague the carmaker led by CEO Elon Musk. The Palo Alto, Calif.-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the final three months of last year, according to a statement Tuesday. The total trailed the automaker’s projection for 25,000 units and brought its full-year tally to 76,230 vehicles, below its forecast for at least 80,000 units. Musk has a history of setting ambitious targets and timelines for Tesla a...
General Motors unveiled its semi-autonomous "Super Cruise" system to allow drivers on highways to let the vehicle take over driving itself. In case if the road has too many twists and turns or the vehicle detects the driver is not paying attention, it issues a series of alerts. If the human driver does not take over, the vehicle will automatically slow down and then put on the hazard lights. GM, which initially planned to unveil the technology on the CT6 in late 2016, said in January it would not unveil Super Cruise until 2017. The U.S. National Highway Traffic Safety Admi...
At the Los Angeles Auto Show, CEO Brian Krzanich said Intel Capital intended to invest more than $250 million over the next two years to develop technology for autonomous vehicles. During his keynote speech, Krzanich said the company would use its expertise to handle vision processing, 5G connectivity, cloud computing, machine learning and security. Intel, which traditionally has not been a major automotive supplier, has been expanding its presence in recent years. Over the past 12 months, the company says it has booked contracts with a variety of automakers worth $1 billion. Custom...
Major automakers are seizing on the infancy of President-elect Donald Trump’s administration to mount a push to ease regulatory headaches faced under President Obama. In a letter to Trump’s White House transition team today, the Alliance of Automobile Manufacturers proposed that the new administration pause a key step in the ongoing midterm evaluation of the Obama administration’s 2025 fuel economy and greenhouse rules until Trump’s administration can “lead efforts” with regulators and automakers on “a pathway forward” for the final four ye...
Ford Motor Co., looking to bounce back from a 12% sales decline in October, has launched a Black Friday clearance sale several weeks before those sales typically take place. The automaker is offering $1,000 “Black Friday Cash” rebates on 2016 and 2017 model-year vehicles, in addition to other offers. For years, automakers didn’t aggressively participate in Black Friday merchandising, instead relying on year-end clearances. In addition to tagging its sale as a Black Friday promotion, Ford is also calling the sale a “year-end event.” A spate of Black Frid...
