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As long as the brainpower of cars can keep up, they aren’t going to disappear from the market, Ford Motor Co’s top executive says. He thinks Ford’s future isn’t in giving up on cars, it’s in giving up on the dumb ones. Hackett, who became Ford's CEO when his predecessor was ousted in May, is pushing to accelerate the automaker's moves into connected, electric and self-driving cars around the globe. Ford announced on Wednesday a joint venture to manufacture and sell a new line of battery-powered cars in China after making a similar move in India ...
Starting with the idea that customers already know from the internet what they desire and what they can get for a specific price, Hyundai is pushing its dealers to modernize the new-car shopping experience. The Korean automaker on Tuesday announced that dealers will post “fair market pricing” on their websites that includes company discounts offered to consumers. Dealers, which are independent businesses, will be encouraged to add incentives they’re offering to buyers. They’ll also deliver vehicles to customers for test drives and allow people to do paperwork...
Volkswagen will launch a number of fully autonomous Level 5 electric cars, vans and trucks starting as early as 2021. In the near feature it will start testing them at its headquarters. The Sedric self-driving concept, which debuted in Geneva in March was only the beginning. Volkswagen’s team is already working on ideas for a whole Sedric family of fully autonomous vehicles for the city, for luxurious long-range mobility, through self-driving delivery vans and heavy commercial trucks. Developers also are working on concepts for a robotic sports car. VW's ambitious time fra...
Specialists have revealed a new analysis that suggests how doomed is the gasoline engine for the automotive industry. It seems like the gasoline engine is the “horse” of the new century, a bit too old and outdated, but still a method to ride to the place you need. Along with a spate of recent commitments to electric vehicles by governments and car companies, the study offers hope about the prospects for weaning the transportation sector off carbon. Of more than one billion registered vehicles on the road today, only two million are electric (with one million of thos...
U.S. made a proposal to South Korea to revise the five-year-old trade deal, but the country rejected it. The U.S. asked for resolution of its trade imbalance, full implementation of the existing FTA, and modification and amendment of the current deal. The officials spoke amid joint meetings in the South Korean capital after Lighthizer last month gave notice that the U.S. wants to amend the deal. No date was set for a future meeting on the issue, discussions will continue in coming weeks. The agreement could be terminated if either nation said it wanted to do so. That process would t...
