At the head of Faurecia just two years ago, Patrick Koller sees big for the automotive supplier. During a day investors, he unveiled Tuesday his medium-term ambitions: a turnover 30 billion euros in 2025, against 17 billion in 2017. A near-doubling, he hopes to achieve primarily through organic growth: he expects “only” 1.5 billion additional… Continue reading Faurecia wants to almost double in size by 2025
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Tesla Model 3 software updates revealed
As Tesla has been working to ramp up assembly of its more affordable Model 3 sedan, the company has also been adding features to existing examples with its over the air software updates. We spoke with Tesla to learn the extent of updates and found five updates that have been rolled out to existing Model… Continue reading Tesla Model 3 software updates revealed
Keyless cars causing dozens of deaths
Dozens of people have been poisoned by carbon monoxide after failing to turn off the ignition on keyless cars, according to the New York Times. Its report found that 28 people had died and 45 others had suffered injuries since 2006. More than half of the 17 million vehicles sold annually in the US now… Continue reading Keyless cars causing dozens of deaths
Work more to earn not much more, the CGT is against!
The CGT denounced Tuesday a project of “local agreement” PSA Group in Vesoul, aiming for a reduction in staff in parallel with an increase in working time and, to a lesser extent, wages. “The management has just proposed to the trade unions, through a local agreement, to call into question the 35 hours by increasing… Continue reading Work more to earn not much more, the CGT is against!
Uber CEO Dara Khosrowshahi talks about flying taxis and why his kids won’t own cars
Uber CEO Dara Khosrowshahi, left, on “Office Hours,” the podcast hosted by Zillow CEO Spencer Rascoff. (Office Hours Photo) Riding in the back of an Uber is sometimes the best way to hear an opinion on just about anything, from music to politics to restaurants and more. Turns out the best way to get the… Continue reading Uber CEO Dara Khosrowshahi talks about flying taxis and why his kids won’t own cars
Cooper Standard acquires LS Mtron
To enhance its automotive product offering and capabilities, Cooper Standard has acquired 80.1 percent of LS Mtron’s automotive parts business. Through the acquisition, Cooper Standard has not only expanded its core product offerings, but has gained a strategic partnership with LS Mtron, a leading Korean automotive and industrial manufacturer, creating the opportunity to cooperate across multiple industries by leveraging… Continue reading Cooper Standard acquires LS Mtron
Uber CEO: our future won’t just be cars
To get to the Uber conference on flying cars in Los Angeles last week, where I was scheduled to interview Uber CEO Dara Khosrowshahi, I hailed a Lyft. My driver was understandably amused about where I was going. “Flying cars?” he said, laughing. “That makes more sense than the self-driving ones.” My driver was right:… Continue reading Uber CEO: our future won’t just be cars
Toyota Motor Corporation to invest in Albert for developing automated driving technologies
Signing of partnership between Albert and Toyota Toyota Motor Corporation and Japan-based big data analysis company, Albert have agreed on a business alliance for big data analysis, mainly in the field of advanced development of automated driving technology. Toyota will invest about 400 million yen (Rs 24 crores) and will acquire new shares in Albert… Continue reading Toyota Motor Corporation to invest in Albert for developing automated driving technologies
AramisAuto shifts into top gear
AramisAuto is accelerating internationally. The specialist in online sales of used cars has just bought Cardoen, one of the leading independent car distribution in Belgium: a company that, with 160 million euros of turnover and 160 employees (of which more than 100 are integrated and the others in its 13 points of sale franchisees), will… Continue reading AramisAuto shifts into top gear
China’s FAW to invest $260m in EV startup Byton’s Series B round
May 15, 2018 Chinese state-owned carmaker FAW Group has agreed to invest around $260 million in China-backed electric car start-up Byton as part of an ongoing series-B funding round, two people with knowledge of the matter told Reuters on Tuesday. The deal was signed over the weekend in Nanjing where Byton is building its headquarters and production… Continue reading China’s FAW to invest $260m in EV startup Byton’s Series B round