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(Reuters) - Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors factory.
FILE PHOTO: FILE PHOTO: Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni
Customers know what Bowsher has arriving by scanning the online inventories of his six stores in the region, and they are often willing to wait more than a week and pay full price to get their desired vehicle.
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WASHINGTON (Reuters) -Three Democratic U.S. senators on Monday said they are introducing legislation that would require U.S. regulators to mandate installation of driver-monitoring systems to ensure motorists pay attention while using systems like Tesla’s Autopilot.
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Senators Ed Markey, Richard Blumenthal and Amy Klobuchar introduced the measure on Monday, saying they hope to get it included as part of infrastructure reform legislation. The National Highway Traffic Safety Administration has opened 28 probes into Tesla crashes to date, with 24 pending, where Autopilot was suspected of being in use.
The measure also requires the agency “to study how driver-monitoring systems can prevent driver distraction, driver disengagement, automation complacency, and the foreseeable misuse of advanced driver-assist systems.”
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PARIS, April 26 (Reuters) - French Finance Minister Bruno Le Maire said on Monday he was meeting later in the day with the bosses of carmakers Renault and Stellantis and would also discuss aid to the foundry sector.
The government was notably working on a plan to provide financial aid to foundry workers, whose jobs are threatened by the development of electric cars, so they could train to adapt to other sectors, Le Maire told Europe 1 radio.
Le Maire, who added that trade union representatives would also attend the meeting, said there were 15,000 jobs in the French foundry sector, which could be under threat.
U.S. weekly jobless claims decline further Indexes down: Dow 0.94%, S&P 500 0.92%, Nasdaq 0.94% (Adds prices after 4 p.m. market close)
NEW YORK, April 22 (Reuters) - U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech’s earnings next week.
The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress.
“If it had a chance of passing, we’d be down 2,000 points,” said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.
Exclusive: Baidu s auto venture to invest $7.7 billion into smart cars over next five years - CEO
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BEIJING (Reuters) - Jidu Auto, the electric vehicle venture between China’s tech giant Baidu and Chinese automaker Geely, aims to pour 50 billion yuan ($7.70 billion) into making smart cars over the next five years, Jidu’s chief executive told Reuters on Friday.
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Xia Yiping said Jidu would aim to launch its first electric vehicle (EV) in three years, as is standard for the industry, but would make efforts to speed up that process.
Its first model would look like a “robot” and would target young customers, Xia said, adding that Jidu would analyse big market data before deciding on a final model.