Latest Driverless cars News

Correction: Minivan-Not Dead Yet story

Aug. 8, 2019 6:08 PM EDT

DETROIT (AP) — In a story Aug. 2 about minivan sales slowing down, The Associated Press reported erroneously the number of minivan sales last year based on a miscalculation by CarGurus.com. Minivan sales sank to 482,185, or about one-third of the 1.33 million sold in 2000, not 364,000, or about one-quarter...

NYC industrial park debuts self-driving car shuttle service

Aug. 6, 2019 1:29 PM EDT

NEW YORK (AP) — Self-driving cars are set to start picking up passengers in a New York City industrial park. Starting Wednesday, six autonomous shuttles operated by Boston-based startup Optimus Ride will take riders on a loop to a ferry dock in Brooklyn Navy Yard. The free service is expected to transport...

Tesla posts $408M loss in 2Q, causing stock to plummet

Jul. 24, 2019 8:04 PM EDT

SAN FRANCISCO (AP) — Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored Tesla's ongoing challenges and helps explain...

GM's Cruise delays autonomous ride service beyond 2019

Jul. 24, 2019 11:59 AM EDT

DETROIT (AP) — General Motors' Cruise autonomous vehicle unit is backing off plans to start a self-driving ride service by the end of this year, with its CEO saying more time is needed to make sure it runs safely. Cruise CEO Dan Ammann, in a blog post on Wednesday, said the company still plans to deploy...

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...

$45M center to test self-driving vehicles opens

Jul. 10, 2019 2:51 PM EDT

COLUMBUS, Ohio (AP) — Officials in Ohio have opened a $45 million testing ground for self-driving vehicles. The Transportation Research Center Inc. unveiled its 540-acre (218.5-hectare) SMARTCenter on Wednesday. The state-of-the-art automated and connected testing facility is located in East Liberty, about...