Latest Driverless cars News

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

Markets Right Now: Stocks end week of gains at record highs

Jul. 12, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a week of steady gains with more record closes for major U.S. indexes. Technology, industrial companies and retailers put up some of the biggest gains on Friday, as they have for much of the year. HP...

VW, Ford team up to make autonomous, electric vehicles

Jul. 12, 2019 3:18 PM EDT

NEW YORK (AP) — Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape. The two automakers will become equal...

The Latest: Experts like what they see in Ford, VW tie-up

Jul. 12, 2019 9:25 AM EDT

NEW YORK (AP) — The Latest on Ford's alliance with Volkswagen (all times local): 9:25 a.m. Auto industry watchers say Ford and Volkswagen have the right idea with their new partnership to develop autonomous and electronic vehicle technology. The companies on Friday announced Friday that Volkswagen will...

Ford, Volkswagen to reveal details on global alliance

Jul. 11, 2019 4:09 PM EDT

NEW YORK (AP) — Ford and Volkswagen are planning to unveil details about their budding alliance to build mobility services and autonomous and electric vehicles. Executives from both companies are planning to reveal details Friday morning. The two companies announced plans in January to collaborate on...

Ford restructuring to cost 12,000 jobs in Europe

Jun. 27, 2019 9:19 AM EDT

FRANKFURT, Germany (AP) — Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars. The job losses amount to about a fifth of Ford's work force in...

Apple buys more self-driving car technology in latest deal

Jun. 26, 2019 5:32 PM EDT

CUPERTINO, Calif. (AP) — Apple has bought a struggling self-driving car startup as the iPhone maker continues to explore the potential market for robotic vehicles, despite recently curtailing its work on the technology. The Cupertino, California, company confirmed its acquisition of Drive.ai Wednesday...

Waymo teams up with Renault, Nissan on robotaxis outside US

Jun. 20, 2019 12:37 PM EDT

SAN FRANCISCO (AP) — Self-driving car pioneer Waymo is teaming up with automakers Renault and Nissan to make its first journey outside the U.S. with a ride-hailing service that will dispatch a fleet of robotaxis in France and Japan. The partnership announced late Wednesday underscores Waymo's ambition to...

Florida law to allow autonomous cars _ when they're ready

Jun. 13, 2019 4:21 PM EDT

TALLAHASSEE, Fla. (AP) — Self-driving vehicles with no humans on board will be able to operate in Florida — once they're finally ready for prime time — under a bill signed Thursday by Gov. Ron DeSantis. DeSantis said he hopes to use the law to lure companies that test and build the cars. The...

Ford opens Israel tech lab in move toward driverless cars

Jun. 13, 2019 1:39 PM EDT

JERUSALEM (AP) — Ford has opened a research center in Israel, joining a legion of major automakers racing to develop new technologies for the world of driverless cars. Chairman William Ford met with Prime Minister Benjamin Netanyahu on Thursday as part of his visit, where he called Israel "ground zero" for...