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Edge computing will transform the auto industry

At this year's New York International Auto Show, in-car apps and entertainment, efficient charging stations and over-the-air updates grabbed as much attention as oversize tires and third-row seats. The show sent a clear signal that the…

Maserati rejects Tesla-like price cuts

MILAN -- Maserati will never start or get involved in a price war with competitors, CEO Davide Grasso said. "We would be completely strategically off-balance if we did that," Grasso told a press briefing on Friday. "Pricing is a very…

Ocean shippers playing catch-up to EV fire risk

There were 209 ship fires reported during 2022, the highest number in a decade and 17 percent more than in 2021, according to a report from insurer Allianz Global Corporate & Specialty. Of that total, 13 occurred on car carriers, but…

VW second-quarter earnings misses forecasts

Volkswagen Group lowered its 2023 outlook for deliveries amid economic uncertainty and intensifying competition in China. VW now expects full-year deliveries in a range between 9 million and 9.5 million vehicles, instead of the around 9.5…