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Marquez says commitment to Honda is 'maximum' amid exit rumours
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +2 min
June 22 (Reuters) - Honda rider Marc Marquez said he is committed to the Japanese manufacturer and already has an eye on next year's project after a disappointing season. "If I'm here, my commitment with Honda is maximum. I want to work with them to improve for the future, improve our project," Marquez told the MotoGP website ahead of this weekend's Dutch Grand Prix. "At the moment, of course I'm here to work with them for the future, which means next year's project. It's important to be here because two of the main Honda riders are injured - Mir and Rins.
Persons: Marc Marquez, Marquez, Joan Mir, Alex Rins, Rohith Nair, Toby Davis Organizations: Honda, Ducati, MotoGP, Thomson Locations: Germany, Bengaluru
The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz.
Persons: Santa Cruz, Tim Levin, Ford, that's, Ford's, I'd, It's, Apple, it's, I'm Organizations: Santa Cruz, Hyundai, Sporting, Toyota, Ford, Santa Cruz's, Subaru Locations: Santa, Santa Cruz, clothe, Toyota Tacoma
Kelly Stumpe, also known as the Car Mom, has test-driven and toured 65 family cars. The problem with buying a family car is, it's not just a matter of: "I don't like the drive." It is not as simple as if it has a seatbelt, it can fit a car seat. In the Sequoia, I can only put it in the middle seat, so I could not have another child in this car who would still be in a car seat. It actually allows you to access the third row when a car seat is still installed.
Persons: Kelly Stumpe, Alexa St, Stumpe reevaluated, St . Louis, there's, I've, shouldn't, Joe Raedle, it's, Stumpe, It's, they're, I'm, Sienna Organizations: Morning, Toyota, Hyundai, Nissan, Ford Expedition, Toyota Sequoia, Leasing, Ford The Ford Expedition, General Motors, Honda, VW Locations: John, St, Louis , Missouri, St ., Florida, Hyundai Santa Fe, Autotrader, Edmunds, Yukon
TSLA GM,F 1M line General Motors also struck a similar deal with Tesla earlier this month. "By opening the charging infrastructure, that alleviates the main concern in the U.S., which is range anxiety. The de facto plug standard Narayan also said that such collaborations with Tesla could set a new standard in the automobile industry. Analysts have also suggested that any costs incurred by the carmakers for transitioning to Tesla's North American Charging Standard (NACS) plug standard will likely be immaterial, given the stakes. Since Nov. 2021, Tesla has opened its supercharger network in Europe, Australia, and China to non-Tesla vehicles.
Persons: Tesla, Tom Narayan, Ford, they're, Narayan, it's, Alex Vrabel, Mercedes Organizations: Chrysler, Peugeot, Maserati, RBC, Ford, General Motors, Detroit, GM, Motors, Tesla, CNBC, Toyota, Honda Civic, of, Global, BMW, Volkswagen Locations: U.S, United States, Europe, Australia, China
Tokyo in March signed the U.S.-Japan Critical Minerals Agreement, securing both countries' commitment to strengthen supply chains and promote EV battery technologies. Notably, the deal allows minerals from Japan to meet sourcing requirements for U.S. electric vehicle tax credits, unlocking up to $7,500 per vehicle. The critical minerals agreement was "negotiated in warp-speed time" when similar deals "usually take years," David Boling, Eurasia Group director for Japan and Asian trade, told CNBC. Hybrid EVs still account for 96.8% of new EV sales in the country, according to the Japan Automobile Dealers Association. EV supply chain strainJapan depends on China for critical minerals essential to the production of EV components.
Persons: Yasuhide Mizuno, Kiyoshi Ota, David Boling, Boling, Eurasia's, BEV, China's, Kristin Vekasi Organizations: Sony Honda Mobility, Sony, Bloomberg, Getty, Japan, U.S, U.S ., EV, Eurasia Group, CNBC, U.S . Trade, Honda, Toyota, Nissan, Japan Automobile Dealers Association, International Energy Agency, Argonne National Laboratory, IEA, University of Maine, Hitachi Metals, Nikkei Locations: Tokyo, Japan, U.S, China, Nikkei Asia
Tiny Japanese trucks that cost as little as $5,000 are winning over some Americans. It's not just tiny homes taking America by storm – now tiny trucks made in Japan are becoming increasingly popular too. The tiny trucks are a common sight on Japanese roads, but they've also won over some Americans wanting a versatile, compact – and cheap – vehicle. The cheapest Kei truck sold by Japan Car Direct is about $5,000, with shipping costs accounting for much of that sum. Japan Car Direct and its competitors will walk customers through the import process, which requires several forms to be completed.
Persons: they've, It's, Kei, Subaru Sambar, Suzuki, Matt Matusiak, we've, Matusiak, there's Organizations: Japan, Morning, Daihatsu, Subaru, Mitsubishi, Honda, Nissan, of Transportation, Environmental Protection, Vehicles, Twitter Locations: America, Japan, Pennsylvania
Martin claims second sprint win at German Grand Prix
  + stars: | 2023-06-17 | by ( ) www.reuters.com   time to read: +2 min
HOHENSTEIN-ERNSTTHAL, Germany, June 17 (Reuters) - Pramac Racing's Jorge Martin scorched to his second sprint win of the MotoGP season at the German Grand Prix on Saturday to move up to second in the world championship standings, while Ducati's world champion Francesco Bagnaia finished second. Martin took the chequered flag 2.468 seconds ahead of Bagnaia, denying the Italian a fourth sprint win of the season. I'm happy, it's another sprint win and I hope we fight for the win tomorrow." "It was fun in the first laps, I really liked the fight with Jack (Miller), it was intense," overall leader Bagnaia said. MotoGP said no further action would be taken after reviewing the incident, with the Frenchman finishing ahead of the Australian.
Persons: Pramac Racing's Jorge Martin, Francesco Bagnaia, Martin, Bull, Jack Miller, Bagnaia, Miller, Marco Bezzechi, Jack, Jorge, It's, Marc Marquez's, Pramac, Johann Zarco, Brad Binder, jostling, Frenchman, Yamaha's Fabio Quartararo, Aadi Nair, Hugh Lawson Organizations: MotoGP, Honda, Thomson Locations: ERNSTTHAL, Germany, Bagnaia, Nashik, India
Kelly Stumpe, also known as the Car Mom, has test-driven and toured 65 family cars. The problem with buying a family car is, it's not just a matter of: "I don't like the drive." It is not as simple as if it has a seatbelt, it can fit a car seat. In the Sequoia, I can only put it in the middle seat, so I could not have another child in this car who would still be in a car seat. It actually allows you to access the third row when a car seat is still installed.
Persons: Kelly Stumpe, Alexa St, Stumpe reevaluated, St . Louis, there's, I've, shouldn't, Joe Raedle, it's, Stumpe, It's, they're, I'm, Sienna Organizations: Morning, Toyota, Hyundai, Nissan, Ford Expedition, Toyota Sequoia, Leasing, Ford The Ford Expedition, General Motors, Honda, VW Locations: John, St, Louis , Missouri, St ., Florida, Hyundai Santa Fe, Autotrader, Edmunds, Yukon
Japan increases support for domestic EV battery output
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +3 min
The move shows Tokyo is confident about ramping up battery production support after the United States and Japan struck a deal on electric vehicle (EV) battery minerals in March that is key to giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The government will support Toyota for up to 117.8 billion yen ($841 million) in subsidies for its investment in EV battery production, Nishimura said, adding he hoped it would strengthen Japan's storage battery supply chain. Japan has designated batteries for energy storage, including car batteries, as important under an economic security law. It had announced 184.6 billion yen in support for storage battery-related proposals at that time. Friday's announcement of 127.6 billion yen in subsidies brought the total so far to 312.2 billion yen.
Persons: Aly, Industry Yasutoshi Nishimura, Nishimura, METI, Japan's, David Dolan, Daniel Leussink, Hugh Lawson, Sonali Paul, David Evans Organizations: Auto Shanghai, REUTERS, Toyota, EV, Economy, Trade, Industry, Union, Toyota Industries, Honda, Thomson Locations: Shanghai, China, TOKYO, Japan, Tokyo, United States, U.S
BRAKE WIND Every Tesla offers ‘Emissions Testing Mode,’ which allows you to deploy fart noises throughout the cabin. Illustration: John W. TomacRECENTLY, I went to Austin, Texas, to help out a friend who had just given birth. It soon became clear that my postpartum assistance would mainly involve driving her Tesla around town to buy beer and Pampers. One day, while I was testing the limits of that 3.1 second 0-60 mph acceleration time—something my 2010 Honda CRV could only dream of—the empty passenger seat…farted.
Persons: John W, Tomac Locations: Austin , Texas
The best car brands of 2023
  + stars: | 2023-06-14 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +3 min
Consumer Reports released a list of top car brands Thursday. Consumer Reports released its list of the top car brands for 2023 on Thursday. Taking the bottom five spots are Mitsubishi, Alfa Romeo, Jaguar, Jeep, and Land Rover, with Land Rover at the very bottom. Consumer Reports ranked brands first by determining a road-test score using braking, handling, comfort, convenience, and fuel economy evaluations. The other domestic brands fell in the bottom-third of the rankings.
Persons: Alfa Romeo, Dodge, Genesis, Tesla Organizations: BMW, Land Rover, Consumer, Subaru, Lexus, Honda, Rover, Consumer Reports, Ford, GM, Fiat Chrysler, French PSA Group, Lincoln, Chrysler, Pacifica, Toyota, Kia, Mazda, Audi, Acura, Buick, Hyundai, Porsche, Dodge, Tesla, Infiniti, Volkswagen, Volvo, Nissan, Chevrolet, Cadillac, Benz, GMC, Mitsubishi, Alfa, Jeep
Investors can expect Tesla to soon offer its own options for financing, Morgan Stanley said. Analysts said it was time for the EV maker to create a subsidiary that finances retail sales. That could potentially draw in more customers as Tesla wages a price war against its rivals. That's something Tesla needs to incorporate into its business, especially if it plans on capturing more of the EV market, the analysts said. Other commentators remain bullish on the flagship EV-stock, particularly as Tesla strikes deals with other auto makers to open up its charging network.
Persons: Tesla, Morgan Stanley, , it's, that's Organizations: Analysts, Service, Toyota, Honda, Ford, EV
TOKYO, June 13 (Reuters) - Toyota (7203.T) faces an unprecedented challenge at its annual shareholder meeting on Wednesday, with some pension funds voting against Chairman Akio Toyoda on governance issues, while seeking more disclosures on the Japanese automaker's climate lobbying. Two prominent U.S. proxy advisers have flagged concern about Toyota's board independence. The step comes as companies across Japan face more pressure from investors, especially on environmental, social and governance (ESG) issues. The strong financial performance has meant concerns about board independence have largely been shrugged off, said Kazunori Suzuki of Waseda Business School. He enjoys strong support from individual investors and the many suppliers and Toyota group companies among its shareholders.
Persons: Akio Toyoda, Toyoda, Kentaro Shibata, Kazunori Suzuki, Anders Schelde, Denmark's, AkademikerPension, AkademikerPension's Schelde, Nicholas Benes, Benes, that's, Makiko Yamazaki, Maki Shiraki, Daniel Leussink, David Dolan, William Mallard, Clarence Fernandez Organizations: Toyota, Nikkei, Waseda Business School, Tokyo, Exchange, Services, International Paralympic Committee, Sumitomo Mitsui Financial Group, Training, of Japan, Nissan, Honda, Reuters, Thomson Locations: TOKYO, New York, Japan, Toyota
Solid-state batteries have been used in small electronic devices such as pacemakers and smart watches. Solid-state batteries can hold more energy than liquid lithium-ion batteries, a gain that would potentially speed the transition to EVs by addressing a consumer concern: range. That has made solid-state batteries far more expensive than liquid lithium-ion batteries. Honda is developing solid-state batteries but has not detailed a timeline for bringing them to market. Hyundai Motor (005380.KS), another Solid Power investor, has said it plans to mass produce solid-state batteries by 2030.
Persons: Tesla, Bill Gates, Tim Kelly, Sayantani Ghosh, Kevin Krolicki, Christopher Cushing Organizations: Toyota, Reuters, Tesla, Panasonic, Nissan, Honda, Volkswagen, Automotive Cells Co, Mercedes, Benz, ProLogium Technology, Ford, BMW, Hyundai, Solid Power, EV, Thomson Locations: TOKYO, SINGAPORE, U.S, Taiwan
Key beneficiaries Analysts recently flagged cash-rich companies as a beneficiary of higher interest rates. It said that consumer services, software and semiconductor companies are among those likeliest to profit the most from higher interest. "With higher interest rates, companies with robust balance sheets may be able to generate substantial amounts of interest income and surprise to the upside." The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity.
Persons: James Demmert, Jefferies, Morgan Stanley, BofA, — CNBC's Michael Bloom Organizations: Main, Research, Companies, ", CNBC Pro, Vertex Pharmaceuticals, Broadcom, German, Lufthansa, Honda Motor, Renault Locations: U.S
Treat Williams, the actor known for his roles in the movies “Hair” and “Deep Rising” and the TV show “Everwood,” has died. Mr. Williams died on Monday after an S.U.V. crashed into his motorcycle in Dorset, Vt., the Vermont State Police said in a statement. The crash occurred in the late afternoon near the Vermont-New York State border. The 35-year-old man whose vehicle hit Mr. Williams was not hospitalized.
Persons: Treat Williams, , Williams, Mr Organizations: Vermont State Police, Vermont -, Honda Locations: Dorset , Vt, Vermont, Vermont - New York State, Albany, N.Y
The bare-bones Maverick XL hybrid lacks creature comforts like cruise control and power mirrors. The first time I hopped into the new Ford Maverick pickup, I did what any driver would do in an unfamiliar vehicle. The base Maverick XL, which Ford loaned me for a weekend in December, costs $20,000 before fees, which makes it the cheapest model in Ford's lineup. Ford Maverick XLT ($22,360) : adds cruise control, a nicer interior, power mirrors, an in-bed storage cubby, and other features. During my time with the Maverick XL, I debated whether the stripped-down truck would be worth the sacrifices I'd have to make.
Persons: There's, I'd, Tim Levin, Ford, Ford Maverick, Tom Holland Organizations: Morning, Ford, Maverick, Honda, Ford Maverick XL, Maverick XL, Apple, Android, Environmental Protection Agency, Chevy Silverado, Hyundai, Cruz, Locations: New York
The last time an El Nino was in place, in 2016, the world saw its hottest year on record. DECLARING EL NINOMost experts look to two agencies for confirmation that El Nino has kicked off — NOAA and Australia's Bureau of Meteorology (BOM). The two agencies use different metrics for declaring El Nino, with the Australian definition slightly stricter. On Tuesday, Australia issued their own bulletin, noting a 70% chance of El Nino developing this year. Experts say that a strong El Nino could hit sugar production in India and Thailand, and possibly disrupt the sugarcane harvest in Brazil.
Persons: El Nino, El, John Vizcaino, Arcodia, Gloria Dickie, Seher Dareen, Marcelo Teixeira, Angus MacSwan Organizations: U.S . National Oceanic, El, El Nino, NINO, NOAA, Australia's, Meteorology, REUTERS, El Ninos, Colorado State University, Central Pacific, Central Pacific El Nino, Nino, Thomson Locations: South America, Australia, Asia, Nino, El Nino, Pacific, Magdalena, Colombia, Honda, Central, Hawaii, Central Pacific, El, India, Thailand, Brazil, Vietnam, New York, U.S, Indonesia, Malaysia, London
REUTERS/Kim Hong-JiNEW YORK, June 6 (Reuters) - New York City on Tuesday sued Hyundai Motor Co (005380.KS) and Kia Corp (000270.KS), accusing the South Korean automakers of negligence and creating a public nuisance by selling vehicles that are too easy to steal. The most populous U.S. city joined several other major cities that have sued Hyundai and Kia over the thefts, including Baltimore, Cleveland, Milwaukee, San Diego and Seattle. In contrast, the city said thefts of BMW, Ford, Honda, Mercedes, Nissan and Toyota vehicles have fallen this year. Last month, Hyundai and Kia reached a $200 million settlement of a consumer class action over the thefts. The case is City of New York v Hyundai Motor America et al, U.S. District Court, Southern District of New York, No.
Persons: Kim Hong, Hyundais, Kias, Kia, Jonathan Stempel, Chris Reese, Jamie Freed Organizations: Hyundai Motors, REUTERS, Tuesday, Hyundai Motor, Kia Corp, South Korean, Hyundai, Kia, BMW, Ford, Honda, Nissan, Toyota, Court, Southern District of, Thomson Locations: Seoul, South Korea, New York City, U.S, Baltimore, Cleveland, Milwaukee, San Diego, Seattle, Manhattan, New York, of New York, Southern District, Southern District of New York
CNN —Ford, the parent company of Lincoln, and the National Highway Traffic Safety Administration are warning owners of nearly 143,000 Lincoln MKC compact SUVs to park them outside and away from buildings and other vehicles because they could potentially catch fire, even when not running. A Lincoln MKC at the North American International Auto Show in 2014. Stan Honda/AFP/Getty ImagesThe vehicles involved are model year 2015 through 2019 Lincoln MKC SUVs. Owners will be advised by mail to park their vehicles outside and away from other vehicles. Owners can also visit NHTSA’s SaferCar.gov website and enter their vehicles Vehicle Identification Number (VIN) to see if it’s involved in the recall.
Persons: CNN — Ford, it’s, Lincoln, Stan Honda, NHTSA’s Organizations: CNN, National, Traffic, Lincoln, North American, Getty, Ford Locations: Lincoln, AFP, MKCs, North America
Will general purpose AI — AI that is as capable as humans — eventually take over the world? CNN/Peg Skorpinski “…even though we may understand how to build perfectly safe general purpose AI, what’s to stop Dr. We don’t know if they reason; we don’t know if they have their own internal goals that they’ve learned or what they might be. It is not general purpose AI, but it’s giving people a taste of what it would be like. And so it turns out that you can actually build AI systems that have those properties, but they’re very different from the kinds of AI systems that we know how to build.
Persons: CNN —, ChatGPT, Bill Gates, , Stuart Russell, Russell, ” Russell, they’ve, Peg Skorpinski “, ” Stuart Russell Russell, , STUART RUSSELL, ” Stuart Russell, we’ll, , it’s, they’re, That’s, Arthur Samuel, Samuel, Travis Teo, I’ve, Garry Kasparov, Kasparov, Stan Honda, There’s, they’re misaligned, you’ve, It’s, that’s, we’ve Organizations: CNN, University of California, IBM Watson Media, Hyundai, Boston Dynamics, Reuters, Microsoft, Artificial, Intelligence, US National Academies, GPT, IBM's, Getty, Federal Aviation Administration, Nuclear Regulatory, PIXAR Locations: Berkeley, , Singapore, New York, AFP, ChatGPT, Luxembourg, Cayman Islands, United States, California,
TOKYO, May 29 (Reuters) - Japan's Nikkei share average rose on Monday to its highest level since July 1990, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. SoftBank Group jumped more than 8% as shares of Japanese chip-related companies continued to outperform amid the AI euphoria that also propelled Wall Street peers. "The trigger for everything was Nvidia," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. The broader Topix (.TOPX) rose as much as 1.36% to 2,175.13 in early trading but failed to get close to last week's 33-year high at 2,188.66. Reporting by Kevin Buckland; Editing by Himani Sarkar, Muralikumar Anantharaman, Sherry Jacob-Phillips and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
TOKYO, May 29 (Reuters) - Japan's Nikkei share average rose on Monday to its highest level since July 1990, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. "The Nikkei crossed the psychological 31,500 mark on Monday, but in the end that level proved a bit too heavy," she said. "This week, I expect the Nikkei to steadily advance, but with short-term retracements to check its speed." The broader Topix (.TOPX) rose as high as 2,175.13, but failed to get close to last week's 33-year high at 2,188.66. Reporting by Kevin Buckland; Editing by Himani Sarkar, Muralikumar Anantharaman, Sherry Jacob-Phillips and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
TOKYO, May 29 (Reuters) - Japan's Nikkei share average rose on Monday to its highest level since July 1990, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. "The Nikkei crossed the psychological 31,500 mark today, but in the end that level proved a bit too heavy," she said. "This week, I expect the Nikkei to steadily advance, but with short-term retracements to check its speed." The broader Topix (.TOPX) rose as high as 2,175.13, but failed to get close to last week's 33-year high at 2,188.66. Reporting by Kevin Buckland; Editing by Himani Sarkar, Muralikumar Anantharaman and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
After two weeks of testing, practice and qualifying, the drivers are now ready to start their engines and step on the gas ahead of the 2023 Indy 500. “It is the biggest sporting event in the world, right?” British driver Katherine Legge told CNN Sport’s Don Riddell. Katherine Legge is taking part in her third Indy 500 this weekend. Darron Cummings/APHow to watchHeld on Sunday May 28, the Indy 500 is broadcast live from 9:00 a.m. Legge called the achievement “awesome.”The driver set an incredible average speed of 231.07 miles per hour when racing for the Rahal Letterman Lanigan Racing team.
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