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Musk warns of worst-case scenario from artificial intelligence


by SeeMidTN.com (aka Brent) Elon Musk warned governors that government regulation of artificial intelligence is needed because it’s a fundamental risk to humans. … Automotive News Breaking News Feed

New CFPB rule prohibits lenders from forcing arbitration


by Mike Foote The CFPB banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits. … Automotive News Breaking News Feed

VW top brass warned of costs from illegal emissions a month before disclosure, report says


by CarSpotter A VW manager told the CEO and other managers that the company’s diesel emissions violations could cost up to $ 18.5 billion, almost a month before investors were informed, a German newspaper reported Sunday. … Automotive News Breaking News Feed

Fields tried to fire Hinrichs before being ousted from Ford


by Sherlock77 (James) Days before his May 19 ouster as CEO of Ford, Mark Fields was proposing to fire his top lieutenant, Joe Hinrichs, in an effort to relieve some of the pressure he was facing from a skeptical board of directors, Automotive News has learned. … Automotive News Breaking News Feed

Fields could walk away from Ford with $57.5 million


by Niklas Emmerich Photography Former Ford CEO Mark Fields, ousted by the board after the automaker’s stock declined 37 percent on his watch, could walk away with about $ 57.5 million in compensation. … Automotive News Breaking News Feed

Smart prices 2017 electric 2-seat coupe from $24,550


by RGT3 Pics As it goes to an all-electric strategy, Smart USA is dropping the price of its redesigned 2017 Smart Electric Drive coupe by $ 1,200 when it goes on sale this summer. … Automotive News Breaking News Feed