FRANKFURT, April 2 (Reuters) – Daimler said on Thursday it has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options. The… Continue reading Daimler secures $13 billion loan facility
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Using automated data augmentation to advance our Waymo Driver
To help safely navigate the complexities of the road, our self-driving technology needs to see and identify what’s around it. To perceive its surroundings, the Waymo Driver relies on our powerful custom sensor suite of lidar, cameras, and radars, while neural nets empower the “brain” of our self-driving system to understand the sensor data and… Continue reading Using automated data augmentation to advance our Waymo Driver
Ford says post-crisis support for U.S. customers ‘would be appropriate’
(Reuters) – Ford Motor Co’s (F.N) U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic recedes and that the crisis will spur a permanent shift toward more online vehicle sales in America. FILE PHOTO: The front grill logo of a Ford… Continue reading Ford says post-crisis support for U.S. customers ‘would be appropriate’
Honda extends U.S., Canada auto plant shutdown through April 10
FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy WASHINGTON (Reuters) – Honda Motor Co (7267.T) said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 because of the ongoing coronavirus outbreak. A growing… Continue reading Honda extends U.S., Canada auto plant shutdown through April 10
Fiat Chrysler to start three Italian sites immediately after lockdown ends: union
FILE PHOTO: New Fiat 500 electric cars are displayed at a Fiat Chrysler event held to unveil its first electric model, in Milan, Italy, March 4, 2020. REUTERS/Flavio Lo Scalzo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) aims to restart operations at three Italian sites as soon as the government lifts coronavirus restrictions on manufacturing, a… Continue reading Fiat Chrysler to start three Italian sites immediately after lockdown ends: union
@Geely-Volvo: Volvo Cars reports first quarter global sales
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@FCA: FCA Canada Reports First-quarter 2020 Sales
April 2, 2020 , Windsor, Ontario – FCA Canada sales for the first quarter of 2020 were 44,140 vehicles compared with 54,336 for the same period a year earlier. The decline in first-quarter sales was largely attributed to the negative economic impact of the coronavirus in March and eroded an otherwise strong start in January and February.… Continue reading @FCA: FCA Canada Reports First-quarter 2020 Sales
Toyoda Gosei to Restructure Production Subsidiaries in India for “TG One India”
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO: 7282) will restructure its production subsidiaries in India to optimize its production network in that country. The company will transfer its all shares in Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) in 2020. TGSIN supplies interiors and exteriors and other… Continue reading Toyoda Gosei to Restructure Production Subsidiaries in India for “TG One India”
BYD and Toyota BEV R&D JV to begin operations next month
BYD Company (BYD) and Toyota Motor Corporation have announced today that preparations have proceeded since they signed an agreement for the establishment of a joint venture company to conduct research and development of battery electric vehicles (BEVs) on November 7, 2019, and registration of the new company has been completed. Operations are scheduled to commence… Continue reading BYD and Toyota BEV R&D JV to begin operations next month
News – COVID-19: ACEA letter to Commission Secretary General regarding public consultations
In light of the unfolding COVID-19 crisis, the European Automobile Manufacturers’ Association (ACEA) wrote a letter to the Secretary General of the European Commission regarding public consultations affecting the automotive sector. All manufacturers of cars, vans, trucks and buses in the EU have shut down their operations for at least two to six weeks and… Continue reading News – COVID-19: ACEA letter to Commission Secretary General regarding public consultations