SOUTHFIELD, Mich., Jan. 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the fourth quarter and full year 2017. Highlights include: Fourth Quarter 2017 Record sales of $5.4 billion, up 16% from a year ago Net income of $401 million and record… Continue reading Lear Reports Record Fourth Quarter and Full Year 2017 Results
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Shell buying spree cranks up race for clean energy
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. The scale of the buying spree pales in comparison to… Continue reading Shell buying spree cranks up race for clean energy
Volvo XC40 rides strong order numbers towards China launch
Volvo XC40 rides strong order numbers towards China launch Volvo Cars’ first entry into the small premium SUV segment is proving popular among car buyers, with global XC40 orders already exceeding 20,000 units. Delivery of cars to dealers started earlier this month. Following its successful introduction to European and American customers, the XC40… Continue reading Volvo XC40 rides strong order numbers towards China launch
Chinese Ride Hailing Firm Didi Sets Up AI Lab To Further Smart Transportation Research
China’s largest ride hailing firm Didi Chuxing has established a new artificial intelligence lab in Beijing to support its development on smart transportation technology. The lab, led by Didi’s vice president Ye Jieping, will focus on the AI sector including machine learning, natural language processing, speech recognition, machine vision, operations research and statistics to build… Continue reading Chinese Ride Hailing Firm Didi Sets Up AI Lab To Further Smart Transportation Research
Electric supercar: Rimac wants to compete with Tesla’s Roadster
Concept 2 (Image: Rimac) The Croatian automaker Rimac wants to build an electric vehicle that can compete with the Tesla Roadster 2.0. That could be hard. Rimac has released first pictures of his upcoming super sports car (video). The Concept Two is to be presented at the Geneva Motor Show. The vehicle is expected to… Continue reading Electric supercar: Rimac wants to compete with Tesla’s Roadster
Electric vehicles maker Tesla denies further Model 3 production issues
The problems included Tesla needing to make some batteries by hand and borrowing scores of employees from one of its suppliers to help with manual assembly, CNBC had said. New Delhi: Tesla is on track to achieve its production targets for the Model 3, the electric car-maker said on Thursday, squashing a report of further… Continue reading Electric vehicles maker Tesla denies further Model 3 production issues
Lyft investigates claims staff abused access to customer data
A user posted on the anonymous app Blind claiming that Lyft employees abused their access to customer data, from gathering info on exes to acquiring Mark Zuckerberg’s personal info. A Lyft spokesperson confirmed to The Information that the company is investigating whether these incidents occurred. Source: The Information
Tesla is still reportedly making batteries for the Model 3 by hand as the company fights to get out of ‘production hell’ (TSLA)
Tesla’s Gigafactory in Sparks, Nevada. Tesla A new report from CNBC claims Tesla is struggling to make Model 3 batteries at its Gigafactory in Sparks, Nevada. The report includes claims from current and former employees who raised concerns about inexperienced employees and the fact that some parts of the batteries were being made by hand… Continue reading Tesla is still reportedly making batteries for the Model 3 by hand as the company fights to get out of ‘production hell’ (TSLA)
Datsun marks important milestone of 300,000 Datsun cars sold
YOKOHAMA, Japan – Datsun has passed the milestone of 300,000 cars sold globally since the first Datsun car of the 21st century – the Datsun GO – was sold in India. “Datsun is celebrating a new milestone – 300,000 customers have chosen Datsun cars since the return of the brand in March 2014,” said Jose… Continue reading Datsun marks important milestone of 300,000 Datsun cars sold
Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each
Buy Photo The media crowds around Sergio Marchionne, CEO of Fiat Chrysler Automobiles N.V. and Chairman and CEO of FCA at the 2019 Jeep Cherokee reveal during the 2018 North American International Auto Show held at Cobo Center in downtown Detroit on Tuesday, Jan. 16, 2018. (Photo: Kimberly P. Mitchell, Detroit Free Press)Buy Photo Fiat… Continue reading Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each