Category: Automotive

Founder of Ford-owned Chariot out as CEO

Ali Vahabzadeh, seen speaking in a YouTube video by Intel at 2017’s SXSW festival last year. The co-founder of Chariot, a San Francisco-based ride-sharing service owned by Ford Motor Co., has stepped down as its CEO. Ali Vahabzadeh announced his departure in a blog post two weeks ago, adding that he’ll continue to provide consulting

U.S. senators press Justice Department on Daimler emissions probe

WASHINGTON — Two Democratic U.S. senators on Friday urged Attorney General Jeff Sessions to thoroughly investigate Daimler AG after a media report alleged the automaker used potentially illegal software to pass diesel emissions tests, according to a letter seen by Reuters. German newspaper Bild am Sonntag┬áreported on Sunday that U.S. investigators probing the Mercedes-Benz parent

Visteon lands record new business in 2017

Electronics supplier Visteon Corp. reported record new business in 2017 and a dip in sales in the fourth quarter prompted by discontinued operations and customer pricing. For the quarter, adjusted earnings, minus interest, taxes and one-time costs, increased 6.3 percent from the year-earlier quarter to $102 million. Net income, including all one-time costs, improved to