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General Motors Co and Fiat Chrysler Automobiles, both posted sales gains in new vehicles in March. The luckiest this month is GM, the company revealed a 16% jump in new car sales compared to the same month last year. Fiat Chrysler reported a 14% increase in sales in March. FCA said it saw a 45% spike in sales of its popular Jeep models, giving the brand its best sales month on record. The strong results for March followed a weak performance in February. Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected ...
General Motors will stop reporting the U.S. vehicle sales. The company thinks that the snapshot of 30-days doesn’t reflect the actual situation of the market. GM will also no longer report monthly sales in China, its largest market, and Brazil. The company will still have to provide its monthly sales to the U.S. Federal Reserve, industry associations and government agencies across the globe but the information won’t be public for simple people anymore. GM and its Detroit rivals Ford Motor Co and Fiat Chrysler Automobiles NV have relied heavily on sales of high-margin pic...
After Uber has been blocked from testing its self-driving cars in Arizona, we thought it might go back to California, but it won’t. The company will not renew its permit to test self-driving vehicles in the state. The company suspended its public road testing in Arizona, California, Pittsburgh, and Toronto immediately after the crash. In a letter to Uber sent Tuesday, the California Department of Motor Vehicles said the company had not indicated it would renew its testing license when it expires March 31. In order to renew the license, Uber would have to address any...
Uber can not test self-driving cars on Arizona’s public roads anymore. The governor of the state has announced this decision after the fatal crash that killed a 49-year-old pedestrian. The decision to block Uber Technologies Inc.'s is a blow to the ride-hailing company, which sees its future success reliant on driverless vehicles, and trails competitors such as Alphabet Inc.'s Waymo in developing the technology. Arizona had been a key hub for Uber, with about half of the company's 200 self-driving vehicles and a staff of hundreds. In a letter sent to Uber CEO Dara Khosro...
Volkswagen will launch a new compact SUV internally called the "Volks-SUV" or People's SUV. It will be produced for the US, China and other markets outside of Europe. VW plans to sell 400,000 of these small utility vehicles every year. The new compact crossover will start in China. It will be built in a joint-venture factory. The new model is slightly more compact than the Volkswagen Tiguan. It will sit on the MQB architecture for cars with front transverse engines. VW approved the design last week. Europe won't be receiving the "Volks-SUV" because it al...
