For MIT students, it will be like taking Uber to class.
Ford posted record profits in the first quarter of 2016, the company announced Thursday. Chief financial officer Bob Shanks said Ford enjoyed its best quarterly performance in history, generating operating profits of $3.8 biliion and a record profit margin of 9.8 percent.
Prepare to share the highways with an ever-growing number of new road users. Americans both young and old who previously didn't have access to road transportation will soon capitalize on new ride-sharing services and mobility options, according to a new report from consulting firm KPMG.
Meet the Whill Type-A. The product of a small group of engineers who worked at Japanese electronics companies and automakers - they started off with a motorized add-on for conventional wheelchairs three years ago - it's not a wheelchair, but a four-wheel-drive personal mobility device focused on style and maneuverability.
Toyota brought its new i-Road, a three-wheeled, all-electric low-speed vehicle that debuted in 2013 at the Geneva Motor Show, to the Capitol for some of our elected officials to test out. As easy as it is to forget that politicians are people, too, it was refreshing to see a human side to many of them as they zipped about one of the Capitol's many meeting rooms.
Hyundai has held an IDEA festival for the past three years that gives its engineers a break from seat belts, and electrical harnesses and wheel arch moldings. Each festival serves up a theme for personal mobility, after that there's no limit – competing teams can come up with anything that serves the theme and are encouraged to get creative.
The mood at the 2013 North American International Auto Show has been more than upbeat for automakers. Lots of new models and concept cars have been unveiled and automakers think it will be a good year for a solid sales increase. Quartz writer Tim Fernholz looked at it from another angle, raising some big questions. What if this post-economic crisis renaissance is short lived? Is the world approaching "peak car" – when demand for cars declines? And will the role of manufacturers change from
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