Ford expects to see pre-tax earnings fall this year to $9 billion from $10.4 billion in 2016. The company said its investments in mobility efforts and self-driving vehicle technology would increase costs but would help transform the business and prepare it for future mobility challenges.
General Motors said its Buick line will introduce the Velite 5 extended-range electric car in China. It's part of the automaker's push to deliver Buick plug-in hybrid and pure electric cars that started with the launch of the Buick LaCrosse hybrid electric car last year.
The toll on the express lanes on the 91 Freeway in Riverside, Calif., will increase during commuting starting today. Drivers will pay either $3.85 or $4.95, depending on time of day.
Connecticut House Speaker Joe Aresimowicz told lawmakers that highway tolls are "inevitable" and that free use of roads is "insane." Under proposals that would introduce tolls, residents would receive tax credits to ease frequent toll charges.
Feedback signal lights will be removed from E-ZPass toll booths along the Pennsylvania Turnpike as part of an ongoing project to enhance the tolling system. "This has to do with safety and innovation, as well as giving the customer value by moving traffic as efficiently as possible," said Rosanne Placey, spokeswoman for the Pennsylvania Turnpike Commission.
The lower house of parliament in Germany plans to institute a toll on foreign-registered cars and expects that the toll would bring in $540 million annually. Environmentally friendlier cars would pay less, but the plan is not without controversy.
Proposals in the European Union could consolidate member nations' toll roads into one international system. EU Transport Commissioner Violeta Bulc has confirmed plans to put forward the electronic toll system.
New Hampshire's Department of Transportation has contracted Tilson Technology and Mobility Tech to develop a smart road system along the Everett Turnpike. The roads could interact with self-driving vehicles and could help relieve traffic congestion.
A conference is over and a survey has been completed, and the University of California at Davis Institute of Transportation Studies has created a framing document that could help transportation officials prepare for the "three revolutions" in the industry: "sharing, electrification and automation."
Five miles of the Lee Roy Selmon Expressway will be pressure-washed by the Tampa Hillsborough Expressway Authority in Florida. The $1 million project will necessitate nightly lane closures for five more weeks, and tolls will be waived at two places during the work.
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