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Ferrari opts for V-12 engine for Purosangue SUV

MILAN — Ferrari's first SUV, the Purosangue, will be powered by the brand's powerful 12-cylinder engine when it is launched in coming months, CEO Benedetto Vigna said. "We have tested several options, it was clear that the V12, for the…

VW to use Qualcomm chips for autonomous vehicles

BERLIN - Volkswagen Group has set up a partnership with U.S. chip maker Qualcomm to develop automated driving technology, Handelsblatt reported. The automaker will use Qualcomm's system-on-a-chip, developed specifically for automomous…

Porsche and Audi have decided to join Formula One

BERLIN -- Volkswagen Group's premium brands, Audi and Porsche, have decided to join Formula One, VW Group CEO Herbert Diess said. Audi is ready to offer around 500 million euros ($556.30 million) for British luxury sports carmaker McLaren…

VW to use Qualcomm chips for automnomous vehicles

BERLIN - Volkswagen Group has set up a partnership with U.S. chip maker Qualcomm to develop automated driving technology, Handelsblatt reported. The automaker will use Qualcomm's system-on-a-chip, developed specifically for automomous…

Ukraine gets 50 Chevy Tahoes, 50 Ford Rangers

The Ukrainian government now has a fleet of 50 Chevrolet Tahoes and 50 Ford Rangers to help transport its citizens out of danger, thanks to donations from their manufacturers. General Motors gave the full-size SUVs to the Ukrainian…

Musk unloads $4 billion worth of Tesla stock

Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc. The Tesla chief executive officer offloaded 4.4 million shares April 26 and April 27, according to regulatory filings.…