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“#Chip shortage expected to cost auto industry $210 billion” The semiconductor chip shortage that’s roiled the global car market is now expected to cost the industry $210 billion in revenue this year, consulting firm AlixPartners said Thursday. The revised forecast is nearly double the New York-based firm’s projections from May, when it expected to see…
“#Crowds flock to Champs-Elysees during Paris car-free day” PARIS, Sept 19 – Crowds of Parisians and tourists strolled along the Champs-Elysees avenue on Sunday as a car-free day removed most of the traffic from the French capital’s usually busy streets. Pedestrians wandering along the most famous thoroughfare in Paris could view the Arc de Triomphe in its temporary guise as an art installation. The monument has…
“#GM, Ford halt some production as chip shortage worsens” The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the…
“#Tesla vehicle on autopilot crashes into Florida cop cruiser” A Tesla vehicle operating on autopilot slammed into a Florida police cruiser on a highway near Orlando on Saturday, just days after CEO Elon Musk admitted faults with the experimental self-driving software amid a federal investigation into the system. The crash happened just before 5 a.m….
“#How Elon Musk put the ‘sex’ into Tesla — and conquered America” Breaking into the car industry is so difficult that the last company to do it was Chrysler — in 1925. Of the established American auto brands, only Ford has never gone bankrupt. And by 2018, it appeared that the auto industry might chew…
“#NYC deputy sheriffs seize 76 vehicles with fake license plates in the Bronx” Deputy sheriffs seized dozens of vehicles with bogus paper license plates on Bronx streets during an overnight crackdown Friday, officials said. Authorities swept the 45th Precinct in Co-Op City and the bordering 47th Precinct in the north Bronx between around midnight and…
“#Drunk driving alert, hot car monitors may be required under $1T bill” Drunk driving ignition locks may become standard on all cars in the next few years under one of the provisions baked into the $1 trillion federal infrastructure bill. The 2,702-page bill under negotiation also includes a provision that would require manufacturers to equip…
“#Kevin Hart invests in car-leasing platform Rodo” Actor and comedian Kevin Hart has taken a stake in New York City-based car-leasing platform Rodo as the startup announced Tuesday that it’s closed $18 million in a series B funding round. Rodo’s an online car-leasing and buying platform where customers can order cars without going to the…
“#GM recalling Chevy Bolt EVs again after vehicles catch fire” General Motors on Friday issued the second recall in less than a year for its 2017-2019 Chevy Bolt EVs after some of the cars that had already been repaired still erupted into flames. Officials with GM and LG, which supplies the electric car’s battery cells, have identified…
“#Ford, Argo AI to deploy autonomous vehicles on Lyft network” DETROIT — Ford Motor Co. and a self-driving vehicle company it partly owns will join with the Lyft ride-hailing service to offer autonomous rides on the Lyft network. The service using Ford vehicles and a driving system developed by Pittsburgh-based Argo AI will begin in…