Industry

On Wednesday, one of the companies racing to develop an operational Hyperloop system successfully completed its first full-scale test. The company, Hyperloop One (formerly Hyperloop Technologies), has now released a video showing the test. The test involved a metal sled being accelerated down a...

Nissan has entered an agreement to acquire a controlling stake in fellow Japanese automaker Mitsubishi. Under the agreement, which is still subject to shareholder approval, Nissan will pay ¥237 billion (approximately $2.17 billion) for 34 percent of Mitsubishi. ALSO SEE: Fuji Heavy Industries...

Subaru parent company Fuji Heavy Industries plans to change its name to Subaru Corporation in an effort to bolster the image and recognition of its automotive brand. In addition to building Subaru cars, Fuji Heavy Industries also builds airplanes, helicopters and commercial vehicles. READ: Nissan...

Progress surrounding development of the Hyperloop high-speed transport system originally proposed by Tesla Motors [NSDQ:TSLA] CEO Elon Musk took a major step forward today with a full-scale test taking place outside Las Vegas, Nevada. Doing the testing was Hyperloop One (formerly Hyperloop...

The outspoken CEO of Fiat Chrysler Automobiles [NYSE:FCAU] said in an interview that fully autonomous cars are about five years away from legal road use, not a couple of decades as others have suggested. Sergio Marchionne, whose company is now working directly with Google to develop a self-driving...

More than 13,000 people in the Seattle area have signed up to be a part of BMW's new car- and ride-sharing service in the United States. ReachNow is what BMW bills a "premium car sharing" service positioned as an alternative to the likes of ZipCar and Car2Go. “The rapid adoption of ReachNow...

Fiat Chrysler Automobiles [NYSE:FCAU] may be about to launch a new turbocharged 2.0-liter 4-cylinder gasoline engine delivering close to 300 horsepower. The company already has such an engine, officially rated at 276 hp, that’s set to debut in the 2017 Alfa Romeo Giulia. However, the more...

Porsche makes some of the world's most advanced and complex vehicles, but the automaker has long prioritized quality over quantity. To illustrate that, the Stuttgart-based automaker has detailed a few elements about its production process. Porsche says it actually decentralizes quality control and...

Tesla Motors [NSDQ:TSLA] has said multiple times it plans to produce 500,000 electric cars per year by 2020, but now the company believes it may hit that goal a little earlier. In its latest shareholder letter, Tesla said it plans to move the 500,000-unit goal up to 2018. And in a conference call...

General Motors Company [NYSE:GM] has been spending up big in preparation for the arrival of fully autonomous cars. First it invested $500 million in ride-sharing business Lyft, and just a few months later it paid $1 billion to acquire autonomous car technology firm Cruise Automation. The end goal...

Google and Fiat Chrysler Automobiles [NYSE:FCAU] have confirmed a partnership in the area of autonomous cars. As part of the partnership, Google’s autonomous car technology, which includes various sensors and complex software systems, will be fully integrated in about 100 Chrysler Pacifica...

Ferrari [NYSE:RACE] has named current Chairman Sergio Marchionne as its new CEO. Marchionne takes over from Amedeo Felisa, who is retiring after 26 years at the company and eight years in the top role. The 69-year-old will still play a role in guiding Ferrari, however, as he is to continue to serve...

Mitsubishi says the cars, trucks and SUVs it has sold in the United States are not affected by the fuel economy scandal that has rocked its home office in Japan. In a release issued to members of the media, Mitsubishi Motors North America indicated that its American research and development wing...

The speed limits that have dogged the Nürburgring for the last 12 months are now a thing of the past, but there’s already new drama surrounding the famous German racetrack. It’s being reported that Russian billionaire Viktor Kharitonin has acquired 99 percent of the rights to the...

The list is a who's who of autonomous driving: Google, Ford Motor Company [NYSE:F], Volvo, Uber, and General Motors Company-backed [NYSE:GM] Lyft have all banded together to create a coalition designed to speed up the process by which autonomous cars will become a road-going reality. The quintet of...

Volkswagen in a San Francisco court yesterday reached a deal with regulators in the United States over its diesel emissions scandal that affects more than half a million customers locally and around 11 million worldwide. The deal, only an “agreement in principle” currently, will be...

Mitsubishi falsified fuel economy information on a pair of small cars it builds for its home market, the automaker said this week. While the Japanese automaker isn't the first company to incorrectly self-report fuel economy for some of its products, what makes this situation unique is that a number...

According to a report from Reuters, Volkswagen and United States regulators have reached an agreement on the "Dieselgate" issue that has plagued the company for months. The deal could involve buying back up to 500,000 diesel cars in the U.S. The official announcement is expected tomorrow, the day...

The 2017 Alfa Romeo Giulia is finally in production. The first examples rolled off the line yesterday at a Fiat Chrysler Automobiles [NYSE:FCAU] plant in Piedimonte San Germano, Italy. The first car off the line was a dark gray example of the base Giulia. Production of Giulia sedans for the United...

The parliament of the Netherlands has passed a motion which would require that all new cars sold by 2025 will have to be electrified in some way, rather than fueled solely by gasoline or diesel. The Dutch government hasn't yet banned gas and diesel-powered cars, however, and the motion does allow...