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Business, Technology, Fuel, Autonomous

Tesla Extends Rally With Market Value Nearing Consumer Giant P&G

The Tesla assembly plant in Fremont, Calif. A truck sprays water at a construction site next to Tesla's assembly plant in Fremont, Calif., on Aug. 13. (David Paul Morris/Bloomberg News)

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Esha Dey | Bloomberg News
August 17, 2020
Government, Business, Technology, Autonomous

Michigan Plans Dedicated Road Lanes for Autonomous Vehicles

An aerial view of the downtown Detroit skyline. An aerial view of the downtown Detroit skyline. The state of Michigan said it will begin testing highway lanes dedicated for automated vehicles. (Davel5957/Getty Images)

The state of Michigan and some private partners are taking steps toward building or assigning dedicated lanes for automated vehicles on a 40-mile stretch of highway between Detroit and Ann Arbor.

David Eggert and Tom Krisher | Associated Press
August 13, 2020
Business, Technology, Fuel, Autonomous

Tesla Splits Stock to Make Lofty Shares Attainable Again

The Tesla logo is seen at a showroom in San Diego. (Bing Guan/Bloomberg News)

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.

Ed Ludlow | Bloomberg News
August 12, 2020
Business, Technology, Autonomous

Hyundai, Aptiv Dub Autonomous Venture ‘Motional,’ Increase Hiring

Motional logo. (Motional)

Hyundai Motor Group and Aptiv Plc are giving their $4 billion autonomous-driving joint venture a new name and going on a hiring spree to stay competitive in the race to develop self-driving cars.

August 11, 2020
Business, Technology, Safety, Autonomous

AAA: Partially Automated Driving Systems Don’t Always Work

An Argo AI test vehicle navigates Pittsburgh streets in 2018. A test vehicle from Argo AI, Ford's autonomous unit, navigates Pittsburgh streets in 2018. (Keith Srakocic/Associated Press)

Two tests by AAA during the past two years show that partially automated driving systems don’t always function properly, so the auto club is recommending that car companies limit their use.

Tom Krisher | Associated Press
August 6, 2020
Government, Business, Technology, Autonomous

Anthony Levandowski Sentenced to 18 Months in Prison

Anthony Levandowski leaves courtroom In a file photo, Anthony Levandowski (left) and attorney Miles Ehrlich exit federal court in San Jose, Calif., Aug. 27, 2019. (David Paul Morris/Bloomberg News)

Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.

Joel Rosenblatt | Bloomberg News
August 4, 2020
Government, Business, Technology, Safety, Autonomous

Senate Panel to Consider USDOT IG Nominee Eric Soskin

USDOT sign Andrew Harrer/Bloomberg News

President Donald Trump’s nominee to lead the U.S. Department of Transportation’s internal watchdog division is scheduled to appear before a Senate panel Aug. 6.

Eugene Mulero | Senior Reporter
August 4, 2020
Government, Business, Technology, Autonomous

DOT Funds Four New University Transportation Centers

Ohio State Part of the Ohio State University's campus. The largest individual award was given to the school. (abalcazar/Getty Images)

The U.S. Department of Transportation announced $4.9 million in funding has been awarded to support four new University Transportation Centers.

Eleanor Lamb | Staff Reporter
August 4, 2020
Business, Technology, Autonomous

SAF-Holland to Supply Air Suspension for VW E-Delivery Truck in Brazil

VW e-vehicle SAF-Holland

SAF-Holland announced it has been selected to supply the rear-drive air suspensions for the new VW electric delivery truck in Brazil.

August 3, 2020
Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

The Tesla Gigafactory in Shanghai, China, stands illuminated at night. The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020

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