* The National Highway Traffic Safety Administration ordered the suspension of passenger operations for 16 electric autonomous shuttles in 10 U.S. The report said ride-hailing trips result in an estimated 69% more climate pollution on average than private vehicles. and Lyft Inc., is increasing climate pollution level and urban congestion, according to a report by the Union of Concerned Scientists. * The growth of ride-hailing services, including Uber Technologies Inc. secured an order for 134 electric buses from Los Angeles Department of Transportation as part of the biggest single order to date for electric buses in the U.S. The companies reportedly plan to continue working together on automotive batteries for Tesla's electric vehicles. decided to end their partnership in making solar cells. In addition, a factory in Chungju, South Korea with an annual capacity to produce 40,000 systems, will be reportedly ready by the end of June. and its affiliates will decide the location of a new hydrogen fuel-cell system factory that will have an annual capacity to make more than 100,000 fuel cell systems this year, Reuters reported, citing an executive. Pony.ai raised $462 million in its latest funding round. Both companies have been collaborating in autonomous driving technology development and mobility service deployment. * Toyota invested $400 million in autonomous-driving company Pony.ai. * Volkswagen AG CEO Herbert Diess said he is planning to hire an activist to implement the German automaker's environmental policies, the Financial Times reported. Toyota's production in Japan will reportedly remain unchanged until the week of March 2, and the company will decide on plant operations afterward. will cancel all non-essential travel for its workers in Japan amid the new coronavirus outbreak, Reuters reported. Moody's said the sales will rebound only modestly in 2021, with growth of 1.5%. The rating agency now forecasts global auto sales to drop 2.5% in 2020, compared to the previous expectation of a 0.9% decline. * Moody's cut its sales forecast for global automakers amid the outbreak of the new coronavirus. "The ultimate severity of the coronavirus outbreak is uncertain at this time and therefore we cannot predict the impact it may have on our end markets and our operations however, the effect on our results could be material and adverse," the automaker said in a regulatory filing. * Fiat Chrysler Automobiles NV warned that the coronavirus outbreak might have a "material and adverse" effect on the company's results. The NTSB also blamed the driver's distraction from the use of a smartphone app for the crash and issued nine safety recommendations to safety regulators and tech companies including Apple Inc. autopilot system, the driver's overreliance on the autopilot and the vehicle's "ineffective monitoring" of driver engagement contributed to the fatal crash in California in March 2018. ![]() * The National Transportation Safety Board said limitations on Tesla Inc. The French automaker's diluted EPS came in at €3.40 per €1 par value of shares, up from €3.01 in 2018 but below the S&P Global Market Intelligence mean consensus estimate of €3.55. * Peugeot SA posted a 13% year-over-year increase in full-year 2019 earnings as product mix and stronger pricing power helped offset a drop in sales, and the company maintained its multi-year profit guidance.
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