Category: News Site

Waymo launches self-driving car service Waymo One

Waymo, the former Google self-driving project owned by parent company Alphabet, is launching a commercial robotaxi service in the Phoenix area dubbed Waymo One. This milestone, for the company and nascent self-driving technology industry, comes with caveats. The Waymo One self-driving car service, and accompanying app, won’t be available to just anyone. And for now,… Continue reading Waymo launches self-driving car service Waymo One

Thyssenkrupp’s top shareholder appoints ex-Volkswagen CEO

FILE PHOTO: Former Volkswagen head and former CEO of German luxury carmaker BMW, Bernd Pischetsrieder arrives at a courtroom in Munich before the start of his trial October 24, 2011. Pischetsrieder is accused of tax evasion. REUTERS/Michael Dalder FRANKFURT (Reuters) – The Alfried Krupp von Bohlen and Halbach Foundation, Thyssenkrupp’s (TKAG.DE) top shareholder, has appointed… Continue reading Thyssenkrupp’s top shareholder appoints ex-Volkswagen CEO

Hyundai Motor’s South Korean workers to strike Thursday: union source

SEOUL (Reuters) – Hyundai Motor’s South Korean union will stage a four-hour strike on Thursday to protest against the automaker’s move to set up a low-cost carmaking joint venture, a union source told Reuters. The decision was made during a meeting of union representatives on Wednesday, he said. A union spokesman confirmed the plan. Reporting… Continue reading Hyundai Motor’s South Korean workers to strike Thursday: union source

German auto bosses did not discuss trade issues with Trump – VDA

BERLIN, Dec 5 (Reuters) – Talks between German auto bosses and U.S. President Donald Trump in Washington focused on the companies’ plans for the United States and were not about trade issues, German car association VDA said on Wednesday. “It is a good sign when there is dialogue in times of conflict,” VDA President Bernhard… Continue reading German auto bosses did not discuss trade issues with Trump – VDA

China’s Didi restructures key units to improve safety following passenger deaths

China’s largest ride-hailing operator Didi Chuxing announced on Wednesday a major restructuring, which trails a series of tweaks to its core businesses following two separate passenger murders that happened in May and September. The reshuffle will see Didi — which owns Uber’s China business — knit three key platforms into a new overarching Ride-hailing Business Group… Continue reading China’s Didi restructures key units to improve safety following passenger deaths

China’s Didi announces reorganization plan to address safety

FILE PHOTO: A Didi Chuxing driver checks the information on the application in his car in Beijing, China August 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – Chinese ride-hailing firm Didi Chuxing on Wednesday announced a reorganization plan aimed at improving safety on its platform, as it works to address public and government concerns raised after… Continue reading China’s Didi announces reorganization plan to address safety

Dealers made money in October but profitability remains in decline

Franchised dealer profits in October were up by £7,500 in October year-on-year. Average dealer profits from the month were £6,000, compared to a £1,500 loss in October 2017, according to data from ASE Global. Its chairman Mike Jones said: “This appears to be directly related to the unwinding of the WLTP supply issues with a… Continue reading Dealers made money in October but profitability remains in decline

China’s BAIC sinks on report Daimler may raise stake in joint venture

FILE PHOTO: The logo of Beijing Automotive Group (BAIC) is seen during the Auto China 2016 auto show in Beijing, China, April 29, 2016. REUTERS/Damir Sagolj (Reuters) – BAIC Motor Corp’s (1958.HK) shares slumped 13.5 percent on Wednesday after Bloomberg reported that Germany’s Daimler AG (DAIGn.DE) is considering increasing its stake in its joint venture… Continue reading China’s BAIC sinks on report Daimler may raise stake in joint venture

Faraday Future furloughs more employees as cash woes continue

For a company with such a forward looking name, the road ahead has been looking pretty bleak for Faraday Future. Debts, fleeing executives and payroll delays have clouded the last year of the automaker’s history — with ultimately very little to show for it. Faraday took to Twitter today to note the latest in its… Continue reading Faraday Future furloughs more employees as cash woes continue