Uber is pulling the brakes on its service in Morocco, which will cease on February 23, as it waits (and hopes) for local regulators to accommodate app-based ride-hailing. The company announced the move on its country blog yesterday, writing that it has “not had any clarity” on how its service can be integrated into the… Continue reading Uber parks its service in Morocco
Category: News Type
Marchionne leaves Fiat … and among these is his substitute
The charismatic CEO of the FCA Group, Sergio Marchionne, has barely a year left to retire and, as pointed out by some information such as that offered by Automotive News, the Italian leader would already be organizing his farewell. After almost 15 years at the top of the Executive Board of Fiat (he was named… Continue reading Marchionne leaves Fiat … and among these is his substitute
CORRECTED-UPDATE 3-Japan’s Sony to form alliance to build taxi-hailing system
TOKYO (Reuters) – Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system. The partnership is the latest in a growing array of tie-ups between domestic taxi firms and tech… Continue reading CORRECTED-UPDATE 3-Japan’s Sony to form alliance to build taxi-hailing system
Car Sales in Europe: Tesla’s Model S sells better than the Mercedes S-Class and the BMW 7 Series
Shiny numbers The Tesla Model S is for the first time also in Europe the best-selling model in the upper class. (Photo: Reuters) For the German premium car maker is the US Elektropionier Tesla long ago a more than unpleasant challenger. Although the Californians are clearly struggling to conquer the volume market, robs Tesla the… Continue reading Car Sales in Europe: Tesla’s Model S sells better than the Mercedes S-Class and the BMW 7 Series
Sony Corp. to launch an AI-based taxi-hailing service in Japan
Sony Corporation said today that it will build an AI-based ride-hailing system in Japan in partnership with five taxi companies. The service will use artificial intelligence to manage taxi dispatches and forecast demand based on factors like weather, traffic and local events. Sony’s announcement came just before Uber chief executive officer Dara Khosrowshahi, who is… Continue reading Sony Corp. to launch an AI-based taxi-hailing service in Japan
Toyota Develops New Magnet for Electric Motors Aiming to Reduce Use of Critical Rare-Earth Element by up to 50%
Toyota Motor Corporation (Toyota) announces that it has developed the world’s first neodymium-reduced, heat-resistant magnet. Neodymium magnets are used in various types of motors such as the high-output motors found in electrified vehicles, use of which is expected to increase rapidly in the future. The new magnet uses significantly less neodymium, a rare-earth element (“rare… Continue reading Toyota Develops New Magnet for Electric Motors Aiming to Reduce Use of Critical Rare-Earth Element by up to 50%
Notice Concerning Management Changes
Honda announced that its Board of Directors has decided on changes in its Operating Officers as of April 1, 2018 and June 2018.
Uber CEO sees commercialisation of flying taxis in 5-10 years
TOKYO (Reuters) – Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialization of the Uber Air flying taxi service happening within five to 10 years. The U.S. ride-hailing app maker has said it expects flying vehicles to eventually become an affordable method of mass transportation. Khosrowshahi was speaking at… Continue reading Uber CEO sees commercialisation of flying taxis in 5-10 years
Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support – sources
SEOUL (Reuters) – General Motors (GM.N) has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The restructuring proposal comes after the Detroit automaker announced last week that… Continue reading Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support – sources
2017 Results commented by Jean-Michel Szczerba, Co-Chief Executive Officer, Plastic Omnium (Only FR)
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