FILE PHOTO: A Porsche logo is seen outside a Porsche car dealership, amid the outbreak of coronavirus (COVID-19) in Brussels, Belgium 28 May 2020. REUTERS / Yves Herman FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Luxury unit for sports motors Porsche AG has begun an internal investigation into the suspected manipulation of …
Read More »Amazon to help Toyota build cloud-based data services
Signature seen at Amazon facility in Bethpage on Long Island, New York, USA, March 17, 2020. REUTERS / Andrew Kelly (Reuters) – Amazon.com Inc’s (AMZN.O) Cloud Computing Unit will be the Japanese Toyota Motor Corp (7203.T) build a platform to help manage and monetize data collected from the automaker’s global …
Read More »Annoying Trump, California locks in car emissions treats major motorists
WASHINGTON (Reuters) – The California Air Resources Board (CARB) and major motorists confirmed Monday that they have reached binding agreements to reduce car emissions in the state, and are stepping up pressure from the Trump administration for weaker curbs on tailpipe contamination. FILE PHOTO: Traffic Moves Slowly on Highway 405 …
Read More »Lyft retains the profitability target by the end of 2021, even if COVID-19 guts demand
(Reuters) – Lyft Inc said on Wednesday that cost cuts are putting the company on track to reach its target of becoming profitable on an adjusted basis by the end of 2021, even as second-quarter revenue tumbled 61% due to coronavirus-related limitations.
Read More »Fueled by Volvo, China’s Geely seeks startup to enter auto giant track
TAIZHOU, China / SHANGHAI (Reuters) – Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China’s first global auto giant. Workers …
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