LONDON/FRANKFURT/MILAN (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV at… Continue reading Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources
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Jaguar I-Pace First Edition 2018 first drive
For a while I watch others drive, noting the reluctance of this long wheelbase, ultra low-centre of gravity car to roll its body, or slide, or do anything very much except squeal its tyres in extremis and go where it is steered. It does indeed change direction brilliantly – you can see that with the… Continue reading Jaguar I-Pace First Edition 2018 first drive
Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations
Vroom, an on-demand car buying and selling startup that has raised over $300 million in venture funding, has hit a bump in the road. TechCrunch has learned and confirmed that the company has laid off a sizeable proportion of its staff — in line with a strategy of “sharpening our focus on profitability,” according to… Continue reading Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations
May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market
When we spoke with Ed Olson, CEO of May Mobility, in January, he told us that his driverless-vehicle company had raised a little over $11 million in seed funding in 2017. Last week, May disclosed more details about its $11.5 million seed round: it was led by venture investment arms of Toyota and BMW, and… Continue reading May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market
IONITY Debuts 350 kW Ultra-Fast Charging Station
[embedded content] IONITY is set to unveil at the 2018 Geneva Motor Show a design concept of its ultra-fast charging stations. The IONITY charging station design concept The concept looks gorgeous if you ask us – there’s everything needed for the ultimate, future-proof 350 kW power level. BMW, Daimler, Ford, Volkswagen, Audi and Porsche (Volkswagen… Continue reading IONITY Debuts 350 kW Ultra-Fast Charging Station
Bentley’s first plug-in hybrid is an ultra-luxurious SUV
Bentley Bentley has been promising a hybrid version of its Bentayga SUV for over 3 years, and it’s finally here… although you might not want to pat yourself on the back if you buy one. The simply-titled Bentayga Hybrid delivers the same ultra-luxurious design of the regular model, but replaces the usual powerplant with a… Continue reading Bentley’s first plug-in hybrid is an ultra-luxurious SUV
Burst water pipe halts Jaguar and Land Rover production
Jaguar Land Rover says it cannot say when production at its Solihull and Castle Bromwich plants near Birmingham will resume after it was forced to stop all operations on Tuesday morning. The issues were caused by a water shortage resulting from damage to water pipes in the recent cold weather. The JLR factory in Solihull… Continue reading Burst water pipe halts Jaguar and Land Rover production
Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling
Ford Motor Co. will lay off about 2,000 workers for almost six months this year as the U.S. automaker retools a Michigan plant to produce Ranger pickups and Bronco sport utility vehicles. Workers at Michigan Assembly Plant in Wayne, west of Detroit, will be temporarily dismissed from around May 7 through Oct. 22, according to a… Continue reading Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling
Uber considers Waymo partnership following lawsuit
REUTERS Now that Waymo’s long-running lawsuit against Uber is finally settled, the two companies are free to cozy up to a possible partnership. According to a report at The Information, Uber executives, led by new CEO Dara Khosrowshahi, have been looking for a way to get Uber riders into Waymo‘s autonomous cars. Even though Waymo… Continue reading Uber considers Waymo partnership following lawsuit
UPDATE 1-Jaguar Land Rover closes plant in UK as weather hits water supply
(Adds JLR comment, background) LONDON, March 5 (Reuters) – Carmaker Jaguar Land Rover (JLR) has halted production at a car plant in central England after water supplies in Britain were disrupted by burst pipes, the carmaker and water company Severn Trent said on Monday. A spokeswoman for JLR said the company closed its Solihull site,… Continue reading UPDATE 1-Jaguar Land Rover closes plant in UK as weather hits water supply