“We must recognize that fully driverless cars require a great deal more comprehensive testing and development before they can be made commercially available in the U.K. – or anywhere in the world,” says a top insurance industry official....More
Industry representatives hope the trade agreement will acknowledge their claim that there are few practical differences in outcomes produced by different regulations on either side of the Atlantic....More
One analysis suggests limited capacity, possible loss of government support, devaluation of the ruble and other factors may prompt global automakers to halt assembly operations in Russia and instead focus on imports....More
(Recasts with quotes from executive, spokesman)
SHANGHAI, July 22 (Reuters) - A China executive at Daimler
AG's Mercedes-Benz said he was not unaware that the
company was under any government probe into spare part prices.
Local and foreign media reported last week that
Mercedes-Benz as well as other foreign car makers were being
probed by the National Development and Reform Commission (NDRC),
the country's price regulator, for possibly over-charging
customers in China....More
The Henry Ford in Dearborn, MI, hosted its fifth annual Maker Faire Detroit this past weekend in highlighting the importance of grassroots innovation and problem-solving. Some 400 creators participated in this year’s event, including 100 for the first time.
“What we are finding is manufacturers are not only bringing technology in faster than we thought they would, they are also bringing different technology to fruition than what we anticipated,” says the EPA’s Michael Olechiw....More
In October 2013, trade between NAFTA partners totaled $103.1 billion, up 4.5% from a year earlier, marking the first month in the pact’s history in which trade exceeded $100 billion in a single month....More
Economic recovery is weak and gradual, unemployment remains stubbornly high and Europe faces a growing and acute economic challenge from other global regions. We will only deliver the full potential benefits of the Single Market if we set a genuinely new course for Europe....More