A 2018 Ford GT 1967 Heritage Edition at the Los Angeles auto show in Nov. 2017. Photo credit: BLOOMBERG Multimatic Inc., the Canadian supplier that builds the Ford GT, hit only 55 percent of its production target for the 2017 model year, although it still plans to complete every order for the $450,000 supercar. The… Continue reading Ford GT output lags; Multimatic vows to fill all orders
Author: Google News Scanning
‘Driverless’ bus trial by coach firm
The company said that legal restrictions prevent the vehicle being used without a driver when passengers are on board but in future the technology is expected to be used more widely. Stagecoach has joined bus manufacturer Alexander Dennis Limited (ADL) and technology company Fusion Processing to create what it says is the UK’s first full-size… Continue reading ‘Driverless’ bus trial by coach firm
BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
July 24, 2018 Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said. Institutional investors have indicated the Swedish carmaker is worth about $12 billion to $18 billion in early meetings to discuss an initial public offering, the… Continue reading Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback
Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing
Photo: Getty As an Uber driver, you have to deal with low wages, an uncertain future, and the possibility of getting yelled at by the company’s billionaire founder. There’s also the more common issue of drunk people puking in your back seat. But a news report claims passengers in Miami are getting hit with fees… Continue reading Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing
Stagecoach gives trial to UK’s first full-sized driverless bus
Stagecoach Single-decker will run autonomously only in depots until laws allow passengers Even on the road with a driver, the bus could be safer for other road users, with the sensor system able to give more warning of cyclists or pedestrians. Photograph: Ant Clausen Photography/Stagecoach A full-sized driverless bus will be given a trial for… Continue reading Stagecoach gives trial to UK’s first full-sized driverless bus
Uber’s CEO Faces an Impossible Decision
Of all the management mistakes that led to Uber’s culture and business crisis, Travis Kalanick’s biggest mistake was that he kept a tight inner circle of executives, for whom bad behavior appeared to have no consequences. The most egregious example of this anything-goes leadership culture was in 2014, when Emil Michael, then Uber’s senior vice… Continue reading Uber’s CEO Faces an Impossible Decision
LiDAR Startup SOS LAB Receives Gold Prize at the Silicon Valley International Invention Festival
GWANGJU, South Korea–(BUSINESS WIRE)–SOS LAB, the LiDAR technology startup in South Korea, received the Gold Prize for ‘excellence and creative efforts to invent’ for their patented hybrid scanning LiDAR design at the inaugural Silicon Valley International Invention Festival (SVIIF 2018). The festival was held in San Jose, CA from July 2 to 4, and attracted… Continue reading LiDAR Startup SOS LAB Receives Gold Prize at the Silicon Valley International Invention Festival
Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber
Embark co-founders Alex Rodrigues, left, and Brandon Moak with their fleet of autonomous semi-trucks at the startup’s operations center in Ontario, California. Embark Trucks What makes a couple of brash 22-year-old entrepreneurs think they can take on Waymo, the clear leader in self-driving vehicle technology, when it comes to putting autonomous trucks on the road? … Continue reading Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber
DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber
Another top Uber executive has departed the ride-hailing company, this time for Tony Xu’s San Francisco food delivery startup DoorDash. DoorDash announced on Thursday that it has hired Prabir Adarkar as its first chief financial officer, a sign that the “unicorn” startup, valued at more than $1.4 billion and backed by SoftBank and Sequoia Capital,… Continue reading DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber