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Moody's downgrades Ford to 'junk' status on weak outlook

Agence France-Presse
Posted at Sep 10 06:58 AM

Moody's downgraded Ford's credit rating to speculative or "junk" status on Monday, citing the company's weak financial outlook as it embarks on an ambitious restructuring.  Read more »

Probe of Tesla crash points to Autopilot 'overreliance'

Agence France-Presse
Posted at Sep 05 07:12 AM

A January 2018 crash involving a Tesla and a firetruck was due to driver inattention and the "Autopilot" system design that allows motorists to disengage, federal investigators said Wednesday.   Read more »

New cars vulnerable to hacks that could leave thousands dead: report

Agence France-Presse
Updated as of Aug 02 08:51 AM

A consumer advocacy group has warned that automakers are rolling out new vehicles increasingly vulnerable to hackers, which could result in thousands of deaths in the event of a mass cyberattack. Read more »

Big restructuring costs hit Ford earnings

Agence France-Presse
Posted at Jul 25 07:04 AM

Ford reported a steep decline in second-quarter profits on Wednesday due to large restructuring costs and a disappointing earnings forecast for the year, sending shares sharply lower.   Read more »

Ford to cut 7,000 jobs, 10 pct of global salaried staff

John Biers, Agence France-Presse
Posted at May 21 06:50 AM

Ford plans to cut 7,000 jobs, or 10 percent of its global salaried workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday.  Read more »

Review: Netflix’s ‘Formula 1: Drive to Survive’ is a compelling portrait of ambition and the price of speed

Alcuin Papa
Updated as of May 06 12:58 AM

For the armchair speed demon, the docu series is a blistering and pulse-pounding adrenaline rush that is sure to satisfy anyone’s need for speed. Read more »

Daimler and China's Geely join forces to build next-gen Smart car

Ryland James, Agence France-Presse
Posted at Mar 28 08:08 PM

Mercedes-Benz maker Daimler and Chinese auto giant Geely announced plans Thursday to develop the next generation of electric Smart cars to be made in China in a joint venture. Read more »

We just discovered the real ace up the sleeve of the 2019 Lexus LS Sedan

Vince Pornelos
Updated as of Mar 07 11:34 AM

Thinking of getting the latest Lexus LS? We've put together the ultimate buyer's guide.  Read more »

Malaysia's flying car plan jets into controversy

Agence France-Presse
Posted at Feb 27 04:45 PM

KUALA LUMPUR - Malaysia plans to launch a flying car, a minister has said, sparking a flood of mockery in a country with a chequered history when it comes to automotive projects.  Read more »

Vehicle importers see 'modest' growth for automotive industry in 2019

ABS-CBN News
Updated as of Feb 21 06:08 PM

MANILA - The Association of Vehicle Importers and Distributors Inc. (AVID) expects to see "modest" growth for the industry in 2019 due to "favorable" macroeconomic conditions and easing inflation, an official said Thursday.  Read more »

Nissan faces SEC probe over executive pay

Agence France-Presse
Posted at Jan 28 03:10 PM

The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct. Read more »

Japanese carmakers, electronics firms eye joint venture for electric vehicles

Kyodo News
Posted at Jan 22 07:52 PM

Japan's major auto and battery manufacturers, including Toyota, Honda and Panasonic are considering joint procurement of cobalt, an essential component of batteries for electric vehicles. Read more »

Renault board to replace Ghosn Thursday

Agence France-Presse
Posted at Jan 22 07:50 PM

French carmaker Renault said Tuesday that it would hold a board meeting Thursday to name a replacement for its boss Carlos Ghosn, who remains in custody in Japan over alleged financial misconduct. Read more »

Wife of ex-Nissan chief Ghosn slams 'harsh' Japan detention

Agence France-Presse
Posted at Jan 14 07:36 AM

The wife of ex-Nissan chief Carlos Ghosn has alleged her husband is being held in "harsh" conditions and subjected to round-the-clock interrogations intended to extract a confession.  Read more »

Ford, Jaguar slash thousands of jobs across Europe

Edward Taylor and Costas Pitas, Reuters
Posted at Jan 11 06:03 AM

FRANKFURT, Germany - Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday as car makers struggle with a slump in demand for diesel vehicles, tougher emissions rules, and a global economic slowdown led by China. Read more »

China offers Elon Musk permanent residency

Agence France-Presse
Posted at Jan 10 09:01 PM

Musk was in China for the ground-breaking of Tesla's first overseas factory, which will allow it to sell vehicles directly in the world's largest market for electric vehicles. Read more »

The fight to become the world's most complicated watch

Rheea Hermoso-Prudente
Posted at Dec 21 08:25 AM

The high stakes competition that produced some of the most complicated watches of all time Read more »

Ghosn gone: Nissan drives out chairman after arrest

Hiroshi Hiyama and Anne Beade, Agence France-Presse
Updated as of Nov 23 08:15 AM

TOKYO - Nissan's board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal. Read more »

Ghosn custody extended as crisis deepens at Nissan

Richard Carter and Joseph Schmid, Agence France-Presse
Posted at Nov 21 04:18 PM

Japanese authorities Wednesday extended Nissan Chairman Carlos Ghosn's detention by 10 days, as it emerged the car giant itself could face charges over the alleged financial misconduct that laid low its once-loved leader. Read more »

Duterte to traders: 'Slap corrupt gov't officials in front of me'

Vivienne Gulla, ABS-CBN News
Posted at Nov 07 11:34 PM

MANILA - President Rodrigo Duterte on Wednesday told businessmen to slap corrupt government officials who are giving them trouble with government transactions.   Read more »