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TVS Motor Company's Q4 Results Announced; Profits Down By 7 Per Cent
India's TVS Motor Co Ltd said on Thursday net profit fell nearly 7 percent in the fourth quarter hurt by lower motorcycle sales at home, but beat analysts' estimates.
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Automakers Ask California To Ease Rules For Self-Driving Car Tests
At a public hearing in Sacramento, carmakers in the US tried to persuade the state of California to let go of some additional proposed regulations for driverless cars.
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Apple Self-Driving Car Testing Plan Gives Clues To Tech Program
Apple received the permit to test autonomous cars by the California Department of Motor Vehicles on April 14.
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Tata Motors To Export Some Older-Technology Trucks After Court Ban
A senior Tata Motors executive said the company intends to export some of its unsold stock of older-technology trucks. This development follows the ban on sale of BS III vehicles in India that came into effect on 1 April 2017.
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Waymo vs Uber: Second Senior Executive Targeted In Driverless Car Dispute
One co-founder, Anthony Levandowski, has already been named in court documents as facing arbitration initiated by Waymo last October. However, court filings made public on Monday showed that Waymo targeted a second co-founder as well, Lior Ron, heightening legal uncertainty surrounding the unit Uber acquired.
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Chinese Tech Giant Tencent Buys 5 Percent Stake In Tesla
Tesla Inc, the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake for $1.78 billion.
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Lamborghini Could Consider Making An All-Electric Supercar: CEO
Lamborghini is open to an all-electric addition to its line-up of luxury sports cars, its chief executive said on Wednesday, evidence that German parent Volkswagen's interest in producing zero-emission vehicles could extend to the very top end of its brands.
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Ford Announces $1 Billion Investment In Autonomous Vehicle Firm Argo AI
Ford Motor Co plans to invest $1 billion over the next five years in tech startup Argo AI to help the Detroit automaker reach its goal of producing a self-driving vehicle for commercial ride sharing fleets by 2021.
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Kia Motors' First Plant In India Might Come Up In Andhra Pradesh
South Korea's Kia Motors Corp is close to finalising the southern Indian state of Andhra Pradesh as the site for its first factory in the country, as it speeds up efforts to start production in the fast-growing market, a source familiar with the matter said. Reports of Kia looking to pick a site have been doing the rounds for a while, but an official with the Andhra Pradesh administration had told Reuters last year that the state was the front runner given its proximity to Tamil Nadu state - home to plants of Kia's affiliate, Hyundai Motor.
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Mercedes-Benz Reclaims Global Top Spot From BMW
Mercedes-Benz is expected to reach its goal of becoming the largest premium carmaker four years early - a feat achieved, ironically, only after it stopped chasing market share and focused on making stylish high-tech cars loved by consumers.
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Hyundai Motor Is Trimming Costs
The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular across many global markets.
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BMW Seeks To Be 'Coolest' Ride-Hailing Firm With Autonomous Car
BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber, which have spent billions on pay-per-use personal transport. The German carmaker will have about 40 vehicles with self-driving functions in Munich's inner city and then expand the project to other cities, BMW executives said on Friday.
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Apple Is Excited About The Race For Driverless Cars
Apple urged regulators not to impose too many restrictions on testing of self-driving cars, saying "established manufacturers and new entrants should be treated equally."
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Self-Driving Mobility Scooters Could Soon Be Reality
Self-driving mobility scooters could be the next big thing in driverless vehicle technology as the University of Singapore is testing single-seater mobility scooters that can travel at speeds up to 6 km/h on footpaths and intended to curb accidents caused because of overtly phone savvy people.
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McLaren Not Up For Sale, Say Shareholders
Shareholders in McLaren's Formula One team and luxury sports car sister company are committed to both businesses and have turned down bids from prospective buyers.
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Toyota To Set-Up A New In-House Team To Develop Electric Cars
Toyota Motor Corp is setting up a new in-house unit to develop electric cars, offering its strongest endorsement yet of a technology it has not embraced wholly, as take up of a rival technology it pioneered remains slow.
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Suzuki To Invest Over Rs. 6400 Crore In 2nd Production Line In Gujarat
Japan's Suzuki Motor Corp will invest about 100 billion yen (Rs. 6478 Crore) in a second vehicle production line at its new plant in Gujarat, even before operations have begun.
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BlackBerry Signs Software Deal With Ford
BlackBerry Ltd has signed a deal to work directly with Ford Motor Co to expand the carmaker's use of its QNX secure operating system, the Canadian technology company said on Monday, as Ford develops increasingly automated vehicles.
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Uber's Self-Driving Truck Delivers Shipment Of Beer
In the first real-world commercial use of autonomous trucking, some 45,000 cans of Budweiser beer arrived late last week to a warehouse after traveling over 120 highway miles in a self-driving truck with no driver at the wheel.
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Volkswagen Takes Aim At German Luxury Automakers With New China-Only Car
VW displayed the Phideon alongside Audi's A6 sedan, BMW's 5 series and Daimlers' Mercedes-Benz E-Class at a media event in Shanghai, indicating it expects the Phideon to compete with these German luxury marques.
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