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Why Kids Will Be Asking For a Sports Car This Christmas
This holiday season, moms and dads will likely be living vicariously through their kids. An armada of high-end motors is taking over the Christmas toy market--and even Tesla tsla is in on the action...
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China’s New Tax Could Hurt Ferrari, Aston Martin, and Rolls-Royce
China will impose an extra 10% tax on super cars and other luxury models costing 1.3 million yuan ($188,852) and above, in a bid to rein in lavish spending and to reduce emissions, the ministry of...
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Silicon Valley’s Hot New Car Display Is Being Brought to the Masses
Navdy, the Silicon Valley startup that began selling its $799 futuristic heads-up digital display for cars less than two months ago, has been propelled into the automotive big leagues. Harman...
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Samsung Is Reportedly Going to Start Supplying Chips to Tesla
Samsung Electronics ssnlf will supply semiconductors to U.S. electric car maker Tesla Motors tsla , South Korea’s Electronic Times reported on Friday citing unnamed sources. Samsung would contract...
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What’s Behind China’s Superbly Strong Month in Car and Retail Sales
China posted its strongest retail sales growth of the year in November, while surging steel production lifted factory output, but private investment began to slow again, leaving the economy more...
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This 1962 Ferrari Is Poised to Become the World’s Most Expensive Car
Want to splash the cash this holiday season? You better have plenty of it if you’re eyeing this Ferrari. The year 2016 has been a bumper one for flamboyant auto-purchases. Earlier this winter a...
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Why Auto Execs Are Cheering China’s Newly Extended Tax Cut
China extended a tax cut on small-engine vehicles by one year on Thursday, a move industry executives said would help keep demand for automobiles stable and prevent sharp short-term fluctuations in the...
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Alphabet’s Waymo Reveals Its Self-Driving Minivans
Waymo, the Google googl self-driving project that recently spun out to become a business under Alphabet, has taken the wraps off its autonomous Chrysler Pacifica Hybrid minivans. The company is adding...
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A Driverless Bus Is Hitting the Streets of Singapore
A driverless bus will hit the streets of Singapore in the early part of 2017, shuttling passengers between the campus of Nanyang Technical University and a nearby eco-business park. According to NTU’s...
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Cash-Strapped LeEco Might Be About to Get a $1.4 Billion Breather
China’s cash-strapped LeEco said it is in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor, but the announcement was seen as insufficient to dispel concern over...
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This Electric Bus Startup Has Raised $140 Million
Proterra has raised $140 million in equity funding in a Series 5 round that will help the electric bus startup scale its manufacturing as it doubles production to meet growing demand in the U.S. The...
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Ford Cancels a $1.6 Billion Mexico Plant and Adds 700 Jobs in Michigan
Ford Motor Co f on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival...
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Ford and Toyota Just Became Allies in an Unusual Agreement
Automakers are scrambling to offer connectivity to their increasingly tech-savvy consumer base and offer seamless integration between cars and smartphones. But not all are keen to connect with systems...
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Judge Orders Volkswagen to Face Investor Lawsuit Over Emissions Scandal
Volkswagen AG vlkay and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company’s diesel emissions cheating scandal, a U.S. judge ruled on...
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Mercedes Is Expected to Overtake BMW as the World’s Largest Premium Carmaker
Mercedes-Benz is expected to reach its goal of becoming the largest premium carmaker four years early – a feat achieved, ironically, only after it stopped chasing market share and focused on making...
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FBI Arrests a Volkswagen Executive on Fraud Charges
The Federal Bureau of Investigation has arrested a Volkswagen AG executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday. Oliver Schmidt, who headed the...
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Toyota Announces Plans to Invest $10 Billion in the U.S.
Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump’s attacks on automakers for building vehicles in Mexico....
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Ford Wants Its Own Fully Self-Driving Car by 2021, CEO Mark Fields Says
Ford f CEO Mark Fields has a grand target for his company: to release a truly self-driving model that doesn’t require human intervention in five years’ time. He said that the Ford autonomous car as...
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Toyota’s President Meets with Mike Pence in Washington
Toyota Motor tm on Thursday said that company President Akio Toyoda met with U.S. Vice President-elect Mike Pence in Washington earlier this week as the incoming U.S. administration pressures...
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How Takata’s Shares Reacted After Reports of a $1 Billion Faulty Airbag...
Shares in Takata tktdy jumped 16% on Friday after sources said the beleaguered airbag maker will plead guilty to criminal wrongdoing as part of a $1 billion settlement with U.S. authorities. The...
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