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Drivers Waste Billions On Parking Searches, Overpayments Says New Study
Motorists in the United States, Germany and the United Kingdom spend billions each year in time and fuel searching for parking spots then pay for more time than they need to avoid tickets that would likely cost less, concludes a study released on Wednesday by traffic data aggregator INRIX.
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Volkswagen To Jointly Work With Nvidia On Artificial Intelligence
Volkswagen has said it would cooperate with U.S. chipmaker Nvidia on deep learning software that could be used to manage traffic flows or make it easier for humans to work with robots.
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VW Waives Appeal Against German Dieselgate Compensation Cases
Despite VW's admission of wrongdoing in the United States, it says it has not broken the law in Europe and sees no need to compensate European consumers. The carmaker has committed to fixing all affected vehicles by autumn.
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Nissan Plans To Start Driverless Ride-Hailing Service To Beat Startups
Nissan Motor Co Ltd on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services.
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Harley-Davidson Enters Race To Buy Ducati
The American motorcycle maker is considering a takeover bid of Ducati in a deal that could be worth US$ 1.67 billion (over Rs. 10,700 crore) and has reportedly roped in Goldman Sachs to work out the deal
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Honda Halts Production At Japanese Plant After Virus Attack
Honda Motor Co said on Wednesday it halted production at a domestic vehicle plant for a day this week after finding the WannaCry ransomware that struck globally last month in its computer network. The automaker shut production on Monday at its Sayama plant, northwest of Tokyo, which produces models including the Accord sedan, Odyssey Minivan and Step Wagon compact multipurpose vehicle and has a daily output of around 1,000 vehicles.
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Tata Sons To Buy Tata Steel Stake In Tata Motors
Tata Sons Ltd, the holding company of India's salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltd's stake in Tata Motors Ltd on or after June 23, it said in a regulatory filing on Saturday.
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EPA Suspected Fiat Chrysler Of Using 'Defeat Device' In 2015
Byron Bunker, director of the EPA's Transportation and Air Quality compliance division, said in a January 2016 email to Fiat Chrysler, obtained by Reuters under the Freedom of Information Act, that he was "very concerned about the unacceptably slow pace" of the automaker's efforts to explain high nitrogen oxide emissions from some of its vehicles.
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Fiat Chrysler CEO Says 2018 Targets Unaffected By Diesel Woes
Fiat Chrysler does not expect its diesel woes in the United States to have an impact on its business targets to 2018, the carmaker's Chief Executive Sergio Marchionne said on Friday.
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Daimler Invests In App Based Cab Service Careem's Latest Funding Round
Dubai-based ride hailing firm Careem will step up expansion into new markets after raising$150 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding. After the fundraising, Careem, an Uber rival operating in 12 mainly Middle East countries, wants to move into new markets in North Africa, such as Tunisia and Algeria, while strengthening its position in Kuwait.
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Fiat Chrysler Recalling 297,000 Vehicles
The recall will begin in late July and includes 209,000 vehicles in the United States and nearly 88,000 vehicles in Canada.
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No Date For Delivery Of Upgraded Honda Engine For McLaren F1 Team
McLaren executive director Zak Brown told Reuters that the partnership with Honda has not worked so far and that a parting of the ways was a real option under consideration by management.
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Porsche Cayenne Diesel Emissions Exceed Legal Limits: Spiegel
Porsche said in a statement that it had received and studied the test results from Spiegel. "For us they are not comprehensible," Porsche said.
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Automakers Diverge On How Fast To Deploy Automatic Braking
Regulators say automatic braking systems could prevent thousands of deaths and injuries every year.
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Renault Plans Foray Into Energy Market With Mega Battery
Sources say Renault-Nissan is working in partnership with energy storage specialist The Mobility House on the mega battery which would be assembled from new or used electric car batteries.
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Early Buyers Of Tesla's Model 3 Get Two Choices: Colour, Wheel Size
Buyers of Tesla Inc's upcoming Model 3 car will only get two choices in configuration, a policy that will let the company quickly ramp up production of its mass-market vehicle.
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German Carmakers Fear Losing Competitive Edge After US Paris exit
Germany's powerful car industry said Europe would need to reassess its environmental standards to remain competitive after the United States said it would withdraw from the Paris climate pact.
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Volkswagen Woos BMW, Mercedes Buyers In New Upmarket Push
Volkswagen, traditionally known for its range of practical saloons, hatchbacks and sport-utility vehicles, unveiled the new Arteon fastback to woo customers who like upscale cars like BMW's 4-Series Gran Coupe or Mercedes-Benz's CLS coupe but at lower prices.
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Toyota Uses Open-Source Software In New Approach To In-Car Tech
Toyota is among 10 global automakers working with suppliers and technology companies to jointly build AGL, a basic, open-source platform for vehicle applications which automakers can customise, eliminating the need to code systems from the ground up for each vehicle model.
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Stuttgart Prosecutor Targets Bosch In Daimler Diesel Investigation
German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch was involved in the alleged fraud.
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