(Reuters) – Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger position… Continue reading Japanese self-drive cars map developer to buy rival U.S. startup – Nikkei
Author: Ritters US Newsfeed
Lyft founders to tighten grip with supervoting shares in IPO: WSJ
An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren (Reuters) – Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. The… Continue reading Lyft founders to tighten grip with supervoting shares in IPO: WSJ
Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends at the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Carlos Ghosn remains a director of Renault SA even though he has resigned as… Continue reading Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan
Startup Nuro raises $940 million from SoftBank’s Vision Fund
FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS (Reuters) – Autonomous technology startup Nuro said on Monday it has raised $940 million from SoftBank’s Vision Fund, which valued the Silicon… Continue reading Startup Nuro raises $940 million from SoftBank’s Vision Fund
Exclusive: Tesla’s delivery team gutted in recent job cuts – sources
SAN FRANCISCO (Reuters) – When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said. FILE PHOTO: A Tesla logo is… Continue reading Exclusive: Tesla’s delivery team gutted in recent job cuts – sources
UPDATE 3-GM Oshawa plant resumes production, supplier strike ends
TORONTO (Reuters) – Production resumed at General Motors’ assembly plant in Oshawa, Ontario on Friday afternoon, ending a near three-hour standstill, after striking workers at seat supplier Lear Corp returned to work, the autoworkers’ union said. The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio After Oshawa exhausted its on-hand… Continue reading UPDATE 3-GM Oshawa plant resumes production, supplier strike ends
UPDATE 2-GM Canada’s Oshawa production stops due to Lear strike
TORONTO (Reuters) – Production at General Motors’ Oshawa assembly plant in Canada came to a stop at about 12:30 p.m. EST (1730 GMT) on Friday, a spokesman said, after the U.S. automaker exhausted its supply of seats from Lear Corp, where workers are striking. The General Motors assembly plant in Oshawa, Ontario, Canada November 26,… Continue reading UPDATE 2-GM Canada’s Oshawa production stops due to Lear strike
GM Canada says Oshawa production stopped due to supplier strike
FILE PHOTO – The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio TORONTO (Reuters) – Production at General Motors’ plant in Oshawa, Ontario, stopped at approximately 12:30 p.m. EST on Friday, a spokesman said, after the U.S. automaker exhausted its on-hand supply of seats from Lear Corp, where workers are… Continue reading GM Canada says Oshawa production stopped due to supplier strike
UPDATE 1-GM Oshawa, Canada plant production could be hurt by Lear strike
TORONTO (Reuters) – Production at General Motors’ Oshawa assembly plant in Canada has not yet been affected by a strike at nearby Lear Corp, which supplies it with seats, but that will change if the job action stretches on, the company said on Friday. The General Motors assembly plant in Oshawa, Ontario, Canada November 26,… Continue reading UPDATE 1-GM Oshawa, Canada plant production could be hurt by Lear strike
UPDATE 2-Fiat Chrysler paid $77 mln in U.S. fuel economy penalties in 2018
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements, the first significant sign the industry is facing hurdles meeting rising emissions rules. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen… Continue reading UPDATE 2-Fiat Chrysler paid $77 mln in U.S. fuel economy penalties in 2018