* Iran, Latin America offset difficulties in UK, China * Worldwide sales rise 15.4 pct * Rival Renault also posted higher sales this week (Adds detail, fund manager comment) By Sudip Kar-Gupta and Gilles Guillaume PARIS, Jan 16 (Reuters) – French carmaker PSA’s global sales jumped by 15 percent last year as strong growth in… Continue reading UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
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Jobs, salaries: PSA provides a strict plan for 2018
Do not reproduce the same mistakes. While PSA accounts are shiny again , the car manufacturer does not want to break with the “Malthusianism” practiced for three years. PSA has passed a little more 3.6 million cars in 2017. But “he had an unsuitable structure, thought to sell four million vehicles a year. Our ambition… Continue reading Jobs, salaries: PSA provides a strict plan for 2018
Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
“In the first half of this year, we will establish a North American sales company that will be responsible for developing the dealership network,” Mr. Jun said. “We will explore all sorts of channels including partnering with F.C.A. as well as others.” Sergio Marchionne, Fiat Chrysler’s chief executive, said his company was ready to assist… Continue reading Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside
January 16, 2018 Autonomous driving technology firm Pony.ai, a startup co-located in Silicon Valley and in China’s Guangzhou, announced that it has raised $112 million in series A funding round co-led by Morningside Venture Capital and Legend Capital. Sequoia Capital China and investor IDG Capital also participated in the round, along with Hongtai Capital, Legend… Continue reading Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside
Electromobility driver at car manufacturers: These men trim German carmakers on electric
All articles and backgrounds 01/16/2018 Electromobility driver at car manufacturers These men trim German carmakers on electric AUDI Audi e-tron quattro: The electric SUV comes in 2018 to the dealers Germany’s automakers are facing a feat of strength this year: they need to invest a lot of money to make their electric car announcements come… Continue reading Electromobility driver at car manufacturers: These men trim German carmakers on electric
Cisco & Hyundai Network Car
The two companies, Cisco and Hyundai, plan to have the new vehicle network ready for the market by 2019. Still on the CES 2018 has the IT specialist Cisco with the manufacturer Hyundai announces that they will jointly launch a highly networked vehicle. More specifically, Hyundai 2019 Launch the car with Cisco’s help. The cooperation… Continue reading Cisco & Hyundai Network Car
Reinvent or die: Fiat CEO to car companies
Marchionne has witnessed major changes already leading Fiat for almost 14 years, overseeing the combination with Chrysler in 2014 and the 2016 spinoff of Ferrari DETROIT: Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditised amid… Continue reading Reinvent or die: Fiat CEO to car companies
China has 310 mn registered vehicles, 385 mn drivers in 2017
A total of 53 cities had over one million automobiles while 24 cities had over two million, the state-run Xinhua news agency reported. Beijing: Over 33 million vehicles were newly-registered in China last year, taking to 310 million the total number of automobiles in the country by the end of 2017. Also, 30.54 million new… Continue reading China has 310 mn registered vehicles, 385 mn drivers in 2017
Toyota unit takes stake in Australian lithium producer
Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Read more For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business… Continue reading Toyota unit takes stake in Australian lithium producer
Research Team from POSTECH Develops a Technology That Can Charge 75% of a Battery within 6 Minutes
A research team from Pohang University of Science & Technology (POSTECH, Chancellor Kim Do-yeon) developed an electrode material that can charge up to 75% of a lithium-ion battery within 6 minutes by synthesizing and applying porous inorganic material.POSTECH made an announcement that a research team led by Professor Lee Jin-woo of Chemical Engineering Department developed… Continue reading Research Team from POSTECH Develops a Technology That Can Charge 75% of a Battery within 6 Minutes