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General Motors Co. and Toyota Motor Corp. officials will tell a U.S. House panel that need changes to automotive safety rules to allow the deployment of self-driving cars on American roads. Mike Abelson, vice president of global strategy at GM, said that without changes to those regulations, it may be years before the promise of today’s technology can be realized and thousands of preventable deaths that could have been avoided will happen. On Monday, Sen. Gary Peters, D-Mich., and Senator John Thune, the Republican chairman of the Commerce Committee, said in a joint statement...
Volvo was doing really good in 2016 and its revealed double-digit earning improvements proves that. The automaker forecasts a fourth consecutive year of record sales for 2017, in this goal it will be helped by the arrival of new models such as second-generation XC60 and the all-new XC40. Operating profit rose 66 percent to 11.0 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns. That helped improve the automaker's profit margin to 6.1 percent compared with a 4 percent margin in 2015. Since being bought by China's Zhejiang Geely Ho...
Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader Volkswagen AG. Ghosn emphasized the scale Renault and Nissan would add by coming to the aid of Japanese peer Mitsubishi M...
Daimler AG’s Mercedes-Benz jumped out to an early lead in the race for U.S. luxury car sales supremacy, posting a record January after winning the crown last year for the first time since 2013. Mercedes sold 25,527 cars and light trucks in the U.S. last month, a 3.5 percent increase from a year earlier. Following a year in which premium car models lost market share to light trucks, the brand scored significant gains with sedans last month, as the C-Class jumped 27 percent and E-Class surged 49 percent. Dietmar Exler, chief executive officer of the Atlanta-based U.S. unit, clai...
It didn't took look for Japan to give an answer to the intensifying trade pressure from US President Donald Trump with Prime Minister Shinzo Abe rumored to be meeting the head of Toyota Motor Corp this week and business lobby Keidanren setting up a Trump task force. On February 10 he will visit Washington in order to discuss the issue with the US leader, and we expect them to find a solution towards the trade deal between the countries, and of course the automotive sector. Ahead of those talks, Abe will meet with Toyota Chief Executive Akio Toyoda. One of them said the meeting w...
