Automotive
Tesla’s autopilot is better than you, statistically
Tesla said it recorded one accident for every 3.34 million miles driven when its autonomous driving system was engaged.
US auto sales fell by 4% in the third quarter
Industry officials blamed the recent weakness partly on hurricanes.
Oil surges and loonie rises but markets muted on new NAFTA deal
Increase is directly attributable to the trade deal.
More stock whiplash as Tesla rebounds after Musk settlement
Musk and Tesla will each pay US$20 million to resolve the SEC case.
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US, Japan agree to negotiate a free trade agreement
A significant shift by Tokyo.
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Ford CEO says steel, aluminum tariffs will cost company US$1B
Automaker gets most of its metals from U.S. producers, which raised prices due to the tariffs this year.
Cadillac brand will return to Michigan from New York
Company says brand’s workers need to be closer to engineers and designers; Cadillac plans to launch a new vehicle every six months for the next three years.
Magna sells FP&C business to South Korea’s Hanon Systems for $1.23B
Powertrain unit will focus on transmission and other driveline-related systems.
Tesla says it has turned over documents to US feds
Elon Musk’s tweets about going public caused stock headaches, now raising SEC concern.
EU probes BMW, Daimler, VW over emission systems
Received information the automakers held meetings to discuss clean technologies aimed at limiting car exhaust emissions.
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Uber rolls out safety features for drivers, passengers
Moves are an attempt to repair Uber’s reputation after a wave of major scandals and bad press.
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GM, Autodesk are lightening up: technology reduces parts weight
Technology collaboration eliminates mass and consolidates parts.
Light vehicle sales post second best August on record, but fall 1.6 per cent
Ford was the volume leader with sales rising 7.1 per cent.
Tesla will be included in rebate program wind down after court defeat: Ontario
Ontario gov will not appeal court decision.
Resolving Canada’s trade quagmire in the age of Trump
We must make a major concession like phasing out our farm supply management to protect the auto sector.
