Buy Photo Fiat Chrysler Automobiles NV will pay its 40,000 hourly United Auto Workers employees profit-sharing checks averaging about $5,500, the company said Thursday. (Photo: Todd McInturf / The Detroit News file)Buy Photo Fiat Chrysler Automobiles NV will pay its 40,000 hourly United Auto Workers employees profit-sharing checks averaging about $5,500, the company said Thursday.… Continue reading FCA workers to get $5,500 in profit-sharing
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Porsche Exec On Mission E Charging At 800 Volts, Battery Tech, More
Uwe Michael, Head of the Electrics/Electronics Development Division at Porsche Porsche will remain true to its ethos while making electronics and electrification a “strong brand value.” Uwe Michael, Head of the Electrics/Electronics Development Division at Porsche, speaks to battery tech and charging times. He also elaborates on software, apps, artificial intelligence, and his team’s plan… Continue reading Porsche Exec On Mission E Charging At 800 Volts, Battery Tech, More
These are the five leaders in the self-driving car race (GOOG, GOOGL, GM, F)
GM Tech companies and auto companies are all racing to be the first to roll out self-driving cars onto the road. The stakes are high for everyone involved. The self-driving revolution and the prevalence of ride-hailing services such as Uber and Lyft threatens to reduce individual car ownership, which would eat into a sizeable piece… Continue reading These are the five leaders in the self-driving car race (GOOG, GOOGL, GM, F)
More dealers experience financial distress as market contracts
Rising numbers of new and used car dealers experienced “significant” levels of financial distress in the final quarter of 2017. According to Red Flag Alert research from insolvency firm Begbies Traynor, the number of UK automotive businesses experiencing significant financial distress reached 15,516 in the final quarter of 2017, a year on year increase of… Continue reading More dealers experience financial distress as market contracts
Wolf-Henning Scheider to lead automotive suppliers: ZF Friedrichshafen recruits new boss from competitors
All articles and backgrounds 01/25/2018 Wolf-Henning Scheider to lead auto parts supplier ZF Friedrichshafen recruits new boss from competitors Mahle Leads to one of the largest automotive suppliers in the world: Wolf-Henning Scheider. The automotive supplier ZF Friedrichshafen, which was shaken by power struggles recently, has found a new CEO. According to information from manager-magazin.de… Continue reading Wolf-Henning Scheider to lead automotive suppliers: ZF Friedrichshafen recruits new boss from competitors
Bharat Forge sets up new company in Israel
Bharat Forge, the Pune-based multinational with a presence across automotive, power, oil and gas, construction and mining, rail, marine and aerospace, has today announced establishment of a new wholly owned subsidiary ‘Indigeneous IL’ in Israel. The company has invested Rs 1.9 crore in the new subsidiary, which will focus on exploring targets in the technology… Continue reading Bharat Forge sets up new company in Israel
NASA tests light, foldable plane wings for supersonic flights
Planes that can fold their wings to different angles while in the air have the potential to fly faster than their peers, and NASA has recently made headway into their development. The space agency has conducted a series of test flights proving that it can control the wings it designed to move into any position… Continue reading NASA tests light, foldable plane wings for supersonic flights
Alstom plans Autonomous trains
Alstom intends to tackle the semi-autonomous driving on rails in the Netherlands. Especially the Swiss want partial autonomous driving for freight transport by rail. But there are also in Germany plans and the DLR also has such a move in development. The French manufacturer Alstomwho also with EasyMile cooperates, wants to jump on the train… Continue reading Alstom plans Autonomous trains
SK Holdings, SoCar launch car-sharing business in Malaysia
SEOUL, Jan. 25 (Yonhap) — SK Holdings, the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday it has launched a car-sharing business in Malaysia by joining hands with South Korea’s No. 1 car-sharing startup SoCar. SoCar Malaysia — a joint venture between SK Holdings and SoCar — kicked off its… Continue reading SK Holdings, SoCar launch car-sharing business in Malaysia
Hyundai Motor Misses Estimate on Labor Strikes, Stronger Won
Hyundai Motor Co.’s earnings fell short of estimates after worker strikes in South Korea hurt output and a stronger won weakened its competitiveness amid tepid demand in the U.S. and China. Fourth-quarter operating profit fell to 775 billion won ($731 million), the Seoul, South Korea-based company said in a statement Thursday. That compares with the… Continue reading Hyundai Motor Misses Estimate on Labor Strikes, Stronger Won