<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Sun, 26 Feb 2017 07:58:42 -0700 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Stewart enjoying new role, puts Le Mans on 'bucket list']]> http://gazette.com/stewart-enjoying-new-role-puts-le-mans-on-bucket-list/article/feed/446998?custom_click=rss http://gazette.com/stewart-enjoying-new-role-puts-le-mans-on-bucket-list/article/feed/446998?custom_click=rss

DAYTONA BEACH, Fla. (AP) — Tony Stewart can show up late, leave early or not even attend NASCAR practices these days.

It's one of the perks of his pseudo retirement.

Stewart is at Daytona International Speedway solely as a team owner for the first time in his career. And he's enjoying it.

"I'll be honest, it's been kind of nice," Stewart said Saturday. "Really, the only drama I've had so far is Roger (Penske) picking at me on the color of shirt I wear. ... If all I've got to worry about is my shirt color, I've got it made right now."

Stewart stepped away from full-time racing at the end of last season, calling it quits after 18 years, 49 wins, three Cup Series championships and more than $125 million in prize mo

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]]> Sat, 25 Feb 2017 13:39:38 -0700 <![CDATA[Faster cars set for track in Barcelona ahead of new season]]> http://gazette.com/faster-cars-set-for-track-in-barcelona-ahead-of-new-season/article/feed/446937?custom_click=rss http://gazette.com/faster-cars-set-for-track-in-barcelona-ahead-of-new-season/article/feed/446937?custom_click=rss

MADRID (AP) — Formula One returns to action next week with a test session ahead of a highly anticipated season featuring wider and faster cars to make the series more exciting.

The revamped cars will be on the track in Barcelona on Monday when teams and drivers will get their first real look at what 2017 is going to be like.

"Next week is when we really get to unleash it," Lewis Hamilton said after Mercedes unveiled its car on Thursday.

A second four-day test session will take place in Barcelona from March 7-10.

The first race is the Australian GP on March 26.

The season arrives with regulation changes that significantly altered car design and performance in an attempt to attract more fans and increase tra

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]]> Sat, 25 Feb 2017 09:40:01 -0700 <![CDATA[US stocks eke out last-minute gain as utilities rise]]> http://gazette.com/us-stocks-eke-out-last-minute-gain-as-utilities-rise/article/feed/446784?custom_click=rss http://gazette.com/us-stocks-eke-out-last-minute-gain-as-utilities-rise/article/feed/446784?custom_click=rss

NEW YORK (AP) — A late push helped U.S. stocks finish higher Friday after indexes spent most of the day lower. There was far more selling than buying on Wall Street overall, but the Dow Jones industrial average managed to extend its winning streak to an 11th day.

Energy companies and banks struggled. Investors continued to buy safer assets like government bonds, gold, and stocks that pay large dividends, such as utility and telephone companies. That's been a familiar pattern over the last few days.

After a long string of gains earlier in February, stocks wobbled this week and bond prices jumped, which sent yields down. That hurts banks by forcing rates on mortgages and other kinds of loans lower.

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]]> Fri, 24 Feb 2017 15:53:16 -0700 <![CDATA[VW makes $5.4 billion profit in 2016, limits executive pay]]> http://gazette.com/vw-makes-5.4-billion-profit-in-2016-limits-executive-pay/article/feed/446853?custom_click=rss http://gazette.com/vw-makes-5.4-billion-profit-in-2016-limits-executive-pay/article/feed/446853?custom_click=rss

BERLIN (AP) — Volkswagen bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emissions scandal, according to figures released by the German automaker Friday.

The company reported a net profit attributable to Volkswagen AG shareholders of 5.1 billion euros ($5.4 billion) last year compared with a net loss of almost 1.6 billion euros in 2015.

Volkswagen acknowledged in September 2015 that it had been installing engine control software in diesel vehicles to detect when cars were being tested. The software turned the emission controls off during normal driving to improve performance, but also resulted in releasing emissions more than 40 times the U.S. limit for the pollutant nitrogen o

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]]> Fri, 24 Feb 2017 15:04:43 -0700 <![CDATA[Google-bred company accuses Uber of self-driving car theft]]> http://gazette.com/google-bred-company-accuses-uber-of-self-driving-car-theft/article/feed/446682?custom_click=rss http://gazette.com/google-bred-company-accuses-uber-of-self-driving-car-theft/article/feed/446682?custom_click=rss

SAN FRANCISCO (AP) — A self-driving car company founded by Google is colliding with ride-haling service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed.

The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a once-secretive self-driving company hatched by Google eight years ago.

The 28-page complaint accuses Anthony Levandowski, a former top manager for Google's self-driving car project, of stealing pivotal technology now propelling Uber's effort to assemble a fleet of autonomous vehicles for its ride-hailing service.

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]]> Thu, 23 Feb 2017 19:24:08 -0700 <![CDATA[VW exec arrested in US emissions scandal appears in court]]> http://gazette.com/vw-exec-arrested-in-us-emissions-scandal-appears-in-court/article/feed/446607?custom_click=rss http://gazette.com/vw-exec-arrested-in-us-emissions-scandal-appears-in-court/article/feed/446607?custom_click=rss DETROIT (AP) — A Volkswagen executive who was arrested in the U.S. before he could fly home to Germany has appeared in Detroit federal court on charges related to the company's emissions scandal.

A not-guilty plea was entered Thursday on Oliver Schmidt's behalf. He's charged with conspiracy and other crimes in Volkswagen's scheme to sell nearly 600,000 diesel vehicles that didn't meet U.S. pollution standards. The company is expected to plead guilty on March 10.

Schmidt was manager of a VW office in suburban Detroit from 2012 to 2015. He was arrested at the Miami airport on Jan. 7 after a vacation in Florida and Cuba.

Schmidt is in custody without bond. His lawyer plans to seek his release. Five other VW executives ch

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]]> Thu, 23 Feb 2017 14:13:13 -0700 <![CDATA[INFLUENCE GAME: GM bill is self-driving and self-interested]]> http://gazette.com/influence-game-gm-bill-is-self-driving-and-self-interested/article/feed/446513?custom_click=rss http://gazette.com/influence-game-gm-bill-is-self-driving-and-self-interested/article/feed/446513?custom_click=rss

WASHINGTON (AP) — With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade lawmakers across the country to approve rules that would benefit the automaker while potentially keeping its competitors off the road.

The carmaker denies trying to freeze out other brands, but legislators in four states say GM lobbyists asked them to sponsor bills that the company's competitors contend would do just that. The bills set a blueprint for the introduction of fully self-driving cars that are part of on-demand, ride-sharing fleets, but they must be owned by an automaker.

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]]> Thu, 23 Feb 2017 14:07:25 -0700 <![CDATA[France's PSA wants to be 'European car champion' with Opel]]> http://gazette.com/frances-psa-wants-to-be-european-car-champion-with-opel/article/feed/446509?custom_click=rss http://gazette.com/frances-psa-wants-to-be-european-car-champion-with-opel/article/feed/446509?custom_click=rss

PARIS (AP) — The chairman of French carmaker PSA Group wants to create a "European car champion" with the potential purchase of General Motors' European car business, and pledged to work with governments and unions worried over job cuts.

After reporting a near-doubling in 2016 profits, Carlos Tavares lauded the benefits of a deal that could reshape the continent's car market and see PSA, the maker of Peugeot and Citroen cars, leapfrog the Renault Nissan alliance to become Europe's No. 2 carmaker behind Volkswagen.

Speaking in Paris Thursday, Tavares said PSA's ambition to buy GM's loss-making German subsidiary Opel and its British brand Vauxhall is rooted in his company's remarkable financial turnaround.

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]]> Thu, 23 Feb 2017 10:10:37 -0700 <![CDATA[When test-driving a new car, take the technology for a spin]]> http://gazette.com/when-test-driving-a-new-car-take-the-technology-for-a-spin/article/feed/446553?custom_click=rss http://gazette.com/when-test-driving-a-new-car-take-the-technology-for-a-spin/article/feed/446553?custom_click=rss

DETROIT (AP) — Car shopping isn't just about kicking the tires anymore. It's also about testing the technology.

The rapidly evolving in-car infotainment and navigation systems can be bewildering for all but the most tech-savvy car buyers. The average vehicle on U.S. roads is 11 years old; that means many people last went car shopping before iPhones were invented.

Car buyers should make sure they can pair their phone with a car, play music from their phone, make a hands-free call and use the navigation system before they leave the dealer lot, experts say. They should make sure volume knobs, climate controls and other technology is intuitive and displayed the way they like.

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]]> Thu, 23 Feb 2017 09:02:00 -0700 <![CDATA[Ghosn steps aside as Nissan CEO, to focus on larger alliance]]> http://gazette.com/ghosn-steps-aside-as-nissan-ceo-to-focus-on-larger-alliance/article/feed/446503?custom_click=rss http://gazette.com/ghosn-steps-aside-as-nissan-ceo-to-focus-on-larger-alliance/article/feed/446503?custom_click=rss

TOKYO (AP) — Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as chairman.

Saikawa will become chief executive at Nissan Motor Co., based in Yokohama, effective April 1, and up for shareholders' approval in June, the company said Thursday.

The move does not signal a smaller role for Ghosn. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which Nissan took a controlling stake last year. And Ghosn said he needs to focus on the expanded three-automaker alliance.

Ghosn, sent in by Renault SA of France in 1999

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]]> Thu, 23 Feb 2017 08:37:11 -0700 <![CDATA[The Latest: Democrats' budget plan clears New Mexico House]]> http://gazette.com/the-latest-democrats-budget-plan-clears-new-mexico-house/article/feed/446484?custom_click=rss http://gazette.com/the-latest-democrats-budget-plan-clears-new-mexico-house/article/feed/446484?custom_click=rss SANTA FE, N.M. (AP) — The Latest on efforts to resolve New Mexico's state budget crisis (all times local):

9:50 p.m.

The New Mexico House of Representatives has approved a budget bill that would hold general fund spending steady at $6.1 billion for the fiscal year starting in July.

Democratic lawmakers pushed through the bill on a 37-32 party-line vote. The budget blueprint now moves to the Senate. Republican Gov. Susana Martinez has voiced fundamental differences with the current plan and can veto provisions line-by-line.

The House-approved budget would increase classroom spending on K-12 education through a per-student funding formula by $32 million, with no overall increase in public school funding.

Fun

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]]> Wed, 22 Feb 2017 22:56:20 -0700 <![CDATA[Japanese Nissan executive tapped to replace Ghosn as CEO]]> http://gazette.com/japanese-nissan-executive-tapped-to-replace-ghosn-as-ceo/article/feed/446467?custom_click=rss http://gazette.com/japanese-nissan-executive-tapped-to-replace-ghosn-as-ceo/article/feed/446467?custom_click=rss

TOKYO (AP) — Carlos Ghosn, who leads Nissan and Renault, has tapped Hiroto Saikawa, a veteran Japanese executive at Nissan, to replace him as chief executive at the Japanese automaker, although Ghosn will stay on as chairman.

Nissan Motor Co., based in Yokohama, made the announcement in a statement Thursday. The appointment, effective April 1, will be up for shareholders' approval in June.

The move does not signal a smaller role for Ghosn. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which Nissan took a controlling stake last year. And Ghosn said he needs to focus on the expanded three-automaker alliance.

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]]> Wed, 22 Feb 2017 21:31:22 -0700 <![CDATA[Tesla swings to loss in 4Q, says Model 3 on target]]> http://gazette.com/tesla-swings-to-loss-in-4q-says-model-3-on-target/article/feed/446430?custom_click=rss http://gazette.com/tesla-swings-to-loss-in-4q-says-model-3-on-target/article/feed/446430?custom_click=rss

DETROIT (AP) — Unable to string together profitable quarters, electric car and solar cell maker Tesla Inc. reported a loss for the last three months of 2016.

Tesla posted its first profit in three years in last year's third quarter and had predicted net income in the fourth quarter. Instead, the company lost $121.3 million, or 78 cents per share, for the quarter. Still, that was less than half the $320.4 million loss from the year-earlier quarter.

Without one-time items, Tesla lost 69 cents per share. Analysts polled by FactSet predicted a loss of 53 cents per share. Revenue rose 88 percent to $2.28 billion, beating estimates of $2.22 billion.

Tesla's shares rose 1.6 percent in after-hours trading Wednesday to $277.90

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]]> Wed, 22 Feb 2017 18:25:30 -0700 <![CDATA[China's thriving SUV-only automaker looks to global growth]]> http://gazette.com/chinas-thriving-suv-only-automaker-looks-to-global-growth/article/feed/446262?custom_click=rss http://gazette.com/chinas-thriving-suv-only-automaker-looks-to-global-growth/article/feed/446262?custom_click=rss

BAODING, China (AP) — Wei Jianjun is the chief matchmaker in China's love affair with the SUV.

A decade ago, the chairman of Great Wall Motors Ltd. saw opportunity as the bulky vehicles began shedding their image in China as a farm tool. Wei cut back on making sedans and poured resources into its fledgling line of Havals.

That gamble paid off as SUVs caught on with drivers who saw them as the safest ride on bumpy, chaotic streets. By 2013, with demand surging, Great Wall had become China's most profitable automaker and Wei was a billionaire.

Now, Wei wants to make the Haval a global brand. It's an ambitious goal that requires advances in safety and features for a company known until now mainly for low prices.

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]]> Wed, 22 Feb 2017 16:36:40 -0700 <![CDATA[GMC cuts size and cost of Acadia mid-size SUV for 2017]]> http://gazette.com/gmc-cuts-size-and-cost-of-acadia-mid-size-suv-for-2017/article/feed/446357?custom_click=rss http://gazette.com/gmc-cuts-size-and-cost-of-acadia-mid-size-suv-for-2017/article/feed/446357?custom_click=rss

GMC has given the Acadia the biggest makeover in its 10-year history, shrinking the size and the price of its best-selling SUV while making it more fuel efficient and giving it new technology.

The 2017 Acadia's new base engine — a 193-horsepower four-cylinder — helps give the midsize SUV its best fuel economy ratings ever, at 21 mpg in city driving and 26 mpg on highways.

The Acadia's optional V-6 engine has also been revamped and now provides more horsepower and better fuel economy ratings of 18/25 mpg as measured by the U.S. government. The top government mileage ratings for the 2016 Acadia, which came only with a 281-horsepower V-6, were 15/22 mpg.

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