• St. Louis is suing Hyundai and Kia for auto theft, joining other US cities

    WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said Monday it is joining several major US cities in suing Korean automakers Hyundai Motor (005380.KS) and Kia Corp (000270.KS) over the not installing anti-theft technology in millions of their vehicles. The lawsuit filed in U.S. District Court in Missouri follows similar actions by […]

  • Tesla slashes prices of Model S and Model X variants in US – website

    March 5 (Reuters) – Tesla Inc (TSLA.O) has lowered the prices of its Model S and Model X vehicles in the United States, the website revealed, days after CEO Elon Musk said recent price cuts on other models fueled the demand. Tesla’s Model S car prices were slashed by $5,000. The base Model S version […]

  • GM is cutting hundreds of jobs to cut costs

    Feb 28 (Reuters) – General Motors Co (GM.N) is cutting hundreds of board-level and salaried jobs to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. Global reductions are in the “low hundreds,” the person said. Arden Hoffman, GM’s chief people officer, said in a letter to employees Tuesday […]

  • Jaguar Land Rover opens three European self-driving tech hubs

    LONDON, Feb. 21 (Reuters) – Luxury car maker Jaguar Land Rover said on Tuesday it is opening three new tech hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia (NVDA.O) . The hubs in Munich, Bologna and Madrid will develop self-driving systems for JLR’s […]