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Press Releases

UPDATE 1-WardsAuto sees 2017 U.S. auto sales 17.2 mln, 17.4 mln in 2016

DETROIT, Dec 8- U.S. auto sales will fall to about 17.2 million new vehicles next year from an expected 17.4 million in 2016, to be followed by further softening in 2018, industry consultant and publication WardsAuto said on Thursday. WardsAuto analyst Haag Stoddard said 2018 will be the near-term low for U.S. sales, and that they will rise slightly in 2019, but...

Source: Reuters

Powermat Appoints Elad Dubzinski CEO

NEVE ILAN, Israel, Dec. 8, 2016/ PRNewswire/-- Powermat Technologies, a global leader in wireless power solutions, today announced that its board of directors has unanimously named Elad Dubzinski as the company's new Chief Executive Officer. Dubzinski was welcomed in a formal announcement to company shareholders and employees. Dubzinski joins Powermat from...

Source: PR Newswire

UPDATE 1-Ford releases for sale half of 10-speed F-150 stockpiled trucks

DETROIT, Dec 7- Ford Motor Co by Wednesday had released for sale more than half of the 15,000 F-150 pickup trucks with 10- speed transmissions that were held to ensure quality, a company spokeswoman said. In an interview with Reuters earlier this week, Joe Hinrichs, head of Ford in the Americas, said holding the trucks was the prudent thing to do.

Source: Reuters

Uber wants Pennsylvania to delay rules for driverless cars

PITTSBURGH— Ride-sharing company Uber wants the Pennsylvania Department of Transportation to delay policy recommendations that govern the testing of driverless cars. Uber, which has been testing the driverless cars in Pittsburgh for weeks, wants PennDOT to wait for legislation to be passed before it attempts to regulate such testing, the Pittsburgh...

Source: The Associated Press

Ford stockpiles best-selling F-150 trucks to test new transmission

DETROIT, Dec 6- Ford Motor Co is stockpiling 2017 model F-150 trucks, delaying delivery to dealers while it runs final tests on a new 10- speed transmission, a top executive told Reuters. The trucks should be delivered by the end of the year, Joe Hinrichs, head of Ford's automotive operations in the Americas said in an interview on Monday. The Ford F-series line of...

Source: Reuters

US factory orders post biggest gain in nearly 1.5 years, beating estimates

Factory order hit XX percent in October vs. 2.5 percent estimate

Source: Reuters

Want to bring back jobs, President-elect? Call Elon Musk

President-elect Trump's jobs adviser list is missing a key name.

Source: The New York Times

FACTBOX-Why the shift to electric cars may surprise oil groups

LONDON, Dec 6- While many auto executives predict electric vehicles will represent a significant share of vehicle sales in ten years, some oil companies expect electricity to still play only a bit part in transport 20 years from now. The International Energy Agency said it had not yet studied the impact of autonomous driving on oil demand. The Oil View: "There...

Source: Reuters

ANALYSIS-Oil firms and carmakers diverge in costly debate

LONDON, Dec 6- Many carmakers are predicting a significant shift to electric vehicles in the next decade. ENI SpA Chief Executive Claudio Descalzi is among those who believe the threat posed to the oil industry by electric vehicles is not significant. ExxonMobil Corp, the largest western oil producer by market value, and British rival BP Plc publish oil market...

Source: Reuters

Auto group tries to block EPA from finalizing vehicle rules

"EPA's sudden and controversial move to propose auto regulations eight months early- even after Congress warned agencies about taking such steps while political appointees were packing their bags- calls out for congressional action to pause this rulemaking until a thoughtful policy review can occur," said Gloria Bergquist, a spokeswoman for the group.

Source: Reuters