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according to Report from Reuters American EV giant Tesla is now facing a criminal investigation from the Justice Department. The criminal investigation joins a series of investigations into the company from both the National Highway Traffic Safety Administration (NHTSA) and the California Department of Motor Vehicles. Tesla’s fully self-driving (FSD) option is currently priced at $15,000, but has yet to reach regulatory approval. EV maker Tesla is under criminal investigation by the U.S. Department of Justice over claims that its cars are “fully self-driving.”The news is included in a recently published article Reuters The news service, citing an anonymous source, described it as “three people familiar with the matter.” The federal government has been investigating him since 2021, after more than a dozen alleged crashes involving Tesla’s self-driving technology, according to reports. Justice Department prosecutors are seeking to determine “whether Tesla misled consumers, invest...

Detroit — ford motor company on Wednesday posted a third-quarter loss of $827 million. Shut down Argo AI a self-driving car development company in which automakers had invested heavily. CEO Jim Farley said the company now believes mass deployment of fully self-driving cars is “a long way off,” while CFO John Lawler said it could be “more than five years away.” added that there is Ford’s adjusted earnings before interest and taxes declined 40% from the prior year period to $1.8 billion. That’s just over the $1.4 billion to he $1.7 billion range. schedule for last month With the warning that inflation has greatly increased the costs of suppliers. The automaker’s adjusted profit margin nearly halved to 4.6% and revenue rose 10% to $39.4 billion. Lawler told journalists that Ford’s third-quarter results “could have been better,” but that the automaker is encouraged by operating cash flow of $3.8 billion. He now expects full-year adjusted earnings to be about $11.5 billion, which is t...

FRANKFURT/LONDON — Audi has agreed to acquire a stake in the Swiss-based Sauber Group. The Sauber Group team is set to enter the German carmaker’s F1 from 2026. Financial details were not announced. Sauber has been in F1 since 1993 and now competes with Ferrari engines under the Stellantis-branded Alfa Romeo name. audi owned by Volkswagen Group announces it will enter F1 in August race Under new engine regulations to be introduced in 2026, a unique power unit will be built in Neuburg, Bavaria. Audi Formula Racing CEO Adam Baker said: Sauber Motorsport said in a statement that the team will continue to use Ferrari power units for the next three seasons until the rules change. “Audi is the best strategic partner for the Sauber Group,” says Finn Rausing, Chairman of the Board of Sauber Holdings, a Swedish billionaire whose family owns the packaging company Tetra Laval. “It is clear that we share our values ​​and vision, and we look forward to a strong and successful partnership ...

San Francisco, October 26: SpaceX, owned by Elon Musk, has announced that its satellite Internet service Starlink will be available to recreational vehicles (RVs) in December. Starlink for Rvs gives users instant access to high-speed, low-latency internet while on the move, anywhere the company offers active coverage. Twitter confirms Elon Musk’s buyout offer, the company will likely close at $54.20 per share. A flat high-performance service can connect to more satellites with a wider field of view and improved GPS capabilities, giving you a reliable connection where you need it. The setup’s hardware is built to last in the harshest conditions and for permanent installation in your vehicle. The company says users can easily pack up when they want to move on to their next destination. Elon Musk says he will continue to fund Ukraine’s Starlink internet service. Internet Services for RVs allows users to customize services according to their travel requirements, with the flexibility ...

of auto finance news The team is happy to announce that voting for Year 4 has begun. Auto Finance Executive of the Year . The 2022 Auto Finance Executive of the Year Awards recognize outstanding contributions made by industry leaders during the calendar year. Winning executives are featured on the cover of the December issue. auto finance news . 2022 winner will succeed 2021 Executive of the Year Marion Harris President and Chief Executive Officer ford credit led lenders with a customer-first mindset through record-breaking quarter into 2021 amid market volatility due to COVID-19 pandemic. Past winners also include capital one Rabbi Raghu of 2020 and Ally Financial Doug Timmerman of 2019. Vote for Auto Finance Executive of the Year here . As the flagship magazine of the automotive finance industry, AFNMore is excited to recognize a leader in auto finance in its December issue. The final decision will be made based on the input of our readers. The goal of this initiative ...

Brazil is a sprint race, with qualifying taking place in the afternoon after FP1, so these will be the last chances for any team to run their rookies this year. It is understood that the confusion surrounding officially finalizing Oscar Piastri’s exit from the squad delayed the official confirmation of Doohan’s outing. The latter was due to run for Alpine FP1 this year, but that naturally became unrealistic after his move to McLaren was confirmed. Esteban Ocon clears the car for Mexico so Doohan can take over FP1. “I am very grateful to Alpine for giving me the opportunity to drive in the Mexican free practice,” said Doohan. “It is always a great honor to be entrusted with driving a Formula 1 car and to have the opportunity during a Grand Prix weekend is very special. “Ultimately, the goal is to do this every week, and this experience is another step towards achieving that goal. I think it will be very exciting.A circuit with high altitude and very high top speed. “I work hard ...

Hyundai executives and government officials will break ground on the automaker’s new Metaplant America on Tuesday, Oct. 25, 2022, in Bryan County, Georgia. CNBC | Michael Weiland Savannah, GA – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, a county trade ambassador said. South Korea’s ambassador to the US Cho Tae-young on “several possible options” to rectify what the country considers to be an unfair policy that removed the up to $7,500 tax credit for EVs produced outside North America. Officials said they were discussing it. “We are having very intense discussions right now.” Hyundai Motor Group Near Savannah, Georgia. “There is so much goodwill and determination to find a solution on both sides.” Cho declined to discuss potential solutions, saying some would require the approval of the Biden administration and others would require Congressiona...