CLOSE Assembly line production in 2018 at Ford’s Kentucky Truck Plant. (Photo: Ford Motor Co.) Ford Motor Co. is joining its crosstown rivals to restart its North American assembly plants beginning May 18. As part of a phased restart, Ford’s North American parts depots will resume full operations Monday. Employees who can work remotely will continue to do… Continue reading Ford announces a restart date, plans for workers to return in waves
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Fiat Chrysler files for trademark on ‘Dakota,’ raising prospect of new midsize truck
CLOSE Fiat Chrysler has filed for a trademark for “Dakota,” raising the prospect that the company could be relaunching its midsize truck model. It likely would be a Ram, however, rather than a Dodge like this 2009 Dodge Dakota Sport Extended Cab. (Photo: Fiat Chrysler Automobiles) Is Fiat Chrysler Automobiles ready to pull the trigger… Continue reading Fiat Chrysler files for trademark on ‘Dakota,’ raising prospect of new midsize truck
Ford plans to restart North America production from May 18
FILE PHOTO: The Ford logo seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. automaker Ford Motor Co (F.N) said on Thursday it is planning to restart production and operations in North America in a phased manner, starting May 18. Ford said from that… Continue reading Ford plans to restart North America production from May 18
Renault suspends production in Normandy after a COVID-19 linked court order
FILE PHOTO: The logo of Renault is seen at the Renault automobile factory in Flins as the French carmaker ramps up car production with new security and health measures during the outbreak of the coronavirus disease (COVID-19) in France, May 6, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – Renault (RENA.PA) has suspended production at one of… Continue reading Renault suspends production in Normandy after a COVID-19 linked court order
Didi says core business becoming profitable as China recovers from Covid-19
Didi president Jean Liu revealed that the company’s ride volumes had gone back to about 60% to 70% of its numbers before the pandemic. Go to Source
U.S. will not require automakers to recall 56 mln Takata air bag inflators
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Thursday it will not require automakers to recall 56 million additional Takata air bag inflators, saying the devices do not pose a safety risk. Automakers in the United States have previously recalled than 60 million Takata air bag inflators that could explode when deployed,… Continue reading U.S. will not require automakers to recall 56 mln Takata air bag inflators
Uber leads $170M Lime investment, offloads Jump to Lime
Lime has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round before the official announcement. As part of the deal, Lime is also acquiring Uber’s micromobility subsidiary Jump.… Continue reading Uber leads $170M Lime investment, offloads Jump to Lime
Lyft surges 17% after posting a narrower-than-expected quarterly loss as coronavirus hit the ride-hailing industry (LYFT)
Reuters Shares of Lyft surged as much as 17% shortly after the market opened Thursday following the company’s better-than-expected first-quarter earnings results. Despite the impact of the coronavirus pandemic, which has hit the ride-hailing sector hard, Lyft’s results exceeded Wall Street’s expectations. The company beat estimates for revenue, and posted a narrower loss than analysts… Continue reading Lyft surges 17% after posting a narrower-than-expected quarterly loss as coronavirus hit the ride-hailing industry (LYFT)
Alphabet’s Sidewalk Labs pulls out of Toronto smart city project
TORONTO, May 7 (Reuters) – Alphabet’s Sidewalk Labs has pulled out of its Toronto ‘smart city’ project due to economic uncertainty, the subsidiary’s chief executive officer said on Thursday. Sidewalk Labs had developed a proposal for a futuristic, data-driven city development in the heart of Toronto’s business district, and was working with a government-mandated agency… Continue reading Alphabet’s Sidewalk Labs pulls out of Toronto smart city project
Maruti Suzuki’s Manesar plant to resume production from May 12
Having received the green light from the authorities to resume operations at its plants last month, Maruti Suzuki has officially announced, in a regulatory filing, that it will commence production at its plant in Manesar, Haryana on May 12. This is welcome news for India’s automotive sector, as Maruti Suzuki – the country’s largest carmaker… Continue reading Maruti Suzuki’s Manesar plant to resume production from May 12