SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute
Author: Ritters US Newsfeed
UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute
Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources
PARIS (Reuters) – Renault’s (RENA.PA) Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday – likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlos Ghosn. Bollore, currently chief competitive officer, had been vying with Mueller for promotion in the succession… Continue reading Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources
After profit beat, GM looks to trucks, SUVs to rev up margins
DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday a richer mix of full-size pickups and mid-size SUVs in North America should help it offset higher commodity costs in 2018 and maintain pretax margins above 10 percent. The automaker posted better-than-expected quarterly results as cost cutting and higher vehicle prices offset a double-digit decline… Continue reading After profit beat, GM looks to trucks, SUVs to rev up margins
BRIEF-Fiat Chrysler says Tim Kuniskis appointed head of Alfa Romeo, Maserati brands
Feb 5 (Reuters) – Fiat Chrysler Automobiles says: * APPOINTED TIM KUNISKIS AS HEAD OF ALFA ROMEO AND MASERATI BRANDS * REID BIGLAND REMAINS HEAD OF U.S. SALES AND PRESIDENT OF FCA CANADA Source text for Eikon: Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles.
U.S. seeks ‘substantial’ fines in Fiat Chrysler emissions case -source
WASHINGTON (Reuters) – The U.S. Justice Department is seeking “substantial” civil fines from Fiat Chrysler Automobiles NV after the government filed suit accusing the company of illegally using software that led to excess emissions in 104,000 U.S. diesel vehicles sold since 2014, a person briefed on the matter said on Friday.
Daimler, Bosch to test self-driving cars soon – Automobilwoche
FRANKFURT, Feb 3 (Reuters) – Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, senior executives told a German weekly.
Daimler open to alliances, partial listing of mobility services
FRANKFURT, Feb 2 (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a broader alliance and a partial listing of its mobility services operations, which include car sharing.
UPDATE 1-Ford’s China joint venture to recall more than 500,000 vehicles
BEIJING/SHANGHAI, Feb 2 (Reuters) – Ford Motor’s China joint venture will recall more than half a million vehicles due to brake-related issues, an additional headache for the U.S. carmaker as it faces rising challenges in the world’s top auto market.
Would-be German government agrees on policy for cars with excess emissions
BERLIN, Feb 2 (Reuters) – Germany’s would-be coalition partners agreed on Friday on an environmental policy in which cars with excess emissions would be refitted rather than taken off the road.