Tesla: Absurd level of risk, Cult of Elon Musk equal disaster

WASHINGTON, April 25, 2017 – For the better part of at least two years, I’ve more or less held my opinion and my pen in check when it comes to the absurd mythological and virtually fictional character of Elon Musk, tech god and miracle worker. That’s because all Musk has done in recent memory is promote… Read more

New energy cars steal the show
Nearly 1,200 new vehicles are exhibited at the Beijing auto show in April 2016, and this year’s show in Shanghai will have a larger scale, with 1,400 cars to be displayed. LI WENMING / FOR CHINA DAILY Electric, plug-in hybrids and fuel-cell vehicles arrive to woo audiences, report Li Fusheng and Hao Yan. One thousand domestic… Read more

Korean brands’ strength falls

Customers look at cars at a Hyundai retailer in Tianjin. Provided to China Daily While some blame political tensions, many credit rising quality of domestically produced vehicles South Korean marques are losing ground in China as local brands in the world’s largest auto market are offering improved quality and a wider choice of SUV models. In… Read more

GM says it’ll approach driverless cars like a startup

DETROIT —General Motors is managing its investments into self-driving cars “like a Silicon Valley start-up,” the automaker’s chief financial officer told Wall Street analysts Friday. Chuck Stevens said the automaker will save money on research and development costs after the sale of its Opel and Vauxhall brands to PSA Groupe. Meanwhile, the company is boosting its… Read more

German prosecutors raid scandal-hit VW’s luxury offshoot Audi

Berlin (dpa) – German prosecutors raided on Wednesday the head office of luxury carmaker Audi, which is an offshoot of scandal hit Volkswagen. Munich prosecutors searched the Audi offices in the southern state of Bavaria shortly before the auto group’s chief Rupert Stadler presided over the premium carmaker’s annual press conference, a company spokesman said. Audi… Read more

Easing of rule on auto fuel economy standards

President Trump will announce Wednesday that he’s reopening a review of Obama-era fuel economy rules, after the EPA broke an agreement with the auto industry last year and accelerated the final tailpipe emissions standards for cars and light trucks. Mr. Trump is traveling to Ypsilanti, Michigan, where he’ll grant the regulatory reprieve for the industry in… Read more

GM to sell Opel, Vauxhall to PSA Groupe for $2.2 billion

DETROIT — General Motors is saying goodbye to its Opel and Vauxhall brands and ending its presence as a major automotive manufacturer in Europe after nearly 90 years there. GM said Monday it has reached a deal to sell its European operations to French automaker PSA Groupe for $2.2 billion, a decision that shakes up the… Read more

Ferrari unveil new car for 2017 Formula One season

Berlin (dpa) – Ferrari unveiled their new car for the 2017 Formula One season on Friday hoping rule changes this year will boost their title challenge. Drivers Sebastian Vettel and Kimi Raikkonen were on hand at the launch of the SF70 H in an internet presentation. Neither were able to win a race last season but… Read more