DETROIT — Ford Motor Co. is reestablishing itself in the industry’s largest segment, compact crossovers, after years of declining share with a pair of small utility vehicles aimed at different buyers: the Escape and Bronco Sport. More than two-thirds of the Bronco Sport’s 60,514 sales so far this year come from buyers new to Ford,
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Robert Bosch is considering closing a plant in Munich that makes components for cars powered by internal combustion engines, local newspaper Muenchner Merkur said on Sunday. Germany’s coming transition from combustion to electric cars will lead to “considerable overcapacity and the need for adjustment,” according to a company spokeswoman cited by the newspaper. Demand for
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TOKYO — Toyota Motor Corp., sometimes branded as too slow and cautious in the self-driving vehicle race, is finally mapping out a faster track into automated driving technologies. Through the acquisition of the U.S. high-tech mapping company Carmera Inc., the world’s largest automaker expects to get a boost in its pursuit of higher-level autonomous capabilities
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School buses may be America’s most ubiquitous and underappreciated transportation resource. From rural roads to urban centers, more than 10,000 school districts rely upon approximately 480,000 school buses to carry 24 million students twice a day. By comparison, that’s more than eight times the number of domestic air passengers who fly each day. Someday soon,
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BERKELEY, Calif. — Tesla Inc. has introduced an option for some customers to subscribe to its advanced driver assistance software, dubbed “Full Self-Driving capability,” for $199 per month, instead of paying $10,000 upfront. “FSD capability subscriptions are currently available to eligible vehicles in the United States. Check your Tesla app for updates on availability in
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For one of its most critical product launches in years, Infiniti is emphasizing star power, not horsepower. Nissan Motor Co.’s luxury brand has enlisted entertainment and sports celebrities to create buzz around its second-generation QX60 midsize crossover for an influencer-themed launch campaign when it arrives this fall. The three-row crossover is Infiniti’s sales powerhouse, driving
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By Joey Klender Posted on July 16, 2021 Lordstown Motors is under federal investigation by the Securities and Exchange Commission (SEC) for falsifying pre-order counts and its merger with DiamondPeak Holdings, company representatives said. Earlier this month, the SEC issued a post-effective amendment No. 2 to an S-1 registration statement, requesting more information and documentation
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LONDON — The McLaren Group announced a 550 million pound ($758 million) equity investment, with much of it coming from Saudi Arabia’s Public Investment Fund (PIF) and global investment firm Ares Management. McLaren Group includes the British supercar maker as well as McLaren Racing, which competes in Formula One and IndyCar in the United States
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