FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States. The potential concern… Continue reading DoJ opens probe into Ford’s emissions certification process
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Auto-ISAC adds four additional cyber-security companies
The Automotive Information Sharing and Analysis Center (Auto-ISAC) welcomes two new members BlackBerry and Verizon and, two new strategic partners Pen Test Partners and Regulus. The inclusion of these four companies increases the strength of the Auto-ISAC’s position as an auto cybersecurity information sharing community that works to prevent cyber threats to the connected vehicle. The Auto-ISAC was formed by automakers in 2015… Continue reading Auto-ISAC adds four additional cyber-security companies
Uber sets terms for IPO, posts $1 billion first-quarter loss
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of… Continue reading Uber sets terms for IPO, posts $1 billion first-quarter loss
UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
(Updates with PayPal deal, detail on roadshow) By Joshua Franklin April 26 (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion. Uber also said… Continue reading UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
UPDATE 1-AutoNation quarterly profit beats on higher earnings per vehicle
(Reuters) – AutoNation Inc, the largest U.S. auto dealership chain, on Friday reported a better-than-expected quarterly profit, as it earned more per vehicle sold. The company said its same-store gross profit per vehicle retailed across its 325 U.S. locations was up 6 percent to $3,559 during the quarter. AutoNation’s profits have been under pressure as… Continue reading UPDATE 1-AutoNation quarterly profit beats on higher earnings per vehicle
Tesla unlocks even more power (150 kW) out of existing Superchargers, expands rollout
At the launch of Supercharger V3 earlier this year, Tesla announced that it will also unlock more power in existing Supercharger stations (from 120 kW to 145 kW). Tesla confirms today that it will actually be able to push the power output even higher (150 kW) and it started expanding the rollout of other charging… Continue reading Tesla unlocks even more power (150 kW) out of existing Superchargers, expands rollout
AutoNation quarterly profit beats Wall Street estimates
(Reuters) – AutoNation Inc, the largest U.S. auto dealership chain, on Friday reported a better-than-expected quarterly profit, boosted by higher gross earnings from its financial services products. Net income from continuing operations fell to $92.1 million in the first quarter ended March 31, from $93.3 million a year earlier. The company’s earnings per share from… Continue reading AutoNation quarterly profit beats Wall Street estimates
Autoliv Q1 profit lags forecast, 2019 guidance above consensus
STOCKHOLM (Reuters) – Sweden’s Autoliv, the world’s largest maker of airbags and seatbelts, on Friday reported a first-quarter operating profit below market expectations but forecast 2019 organic sales growth and margins above analysts’ consensus. The company, which competes with Joyson Safety Systems and ZF TRW, reported a quarterly operating profit of $173 million, down from… Continue reading Autoliv Q1 profit lags forecast, 2019 guidance above consensus
Renault to propose joint holding company with Nissan: Nikkei
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, Jan. 15, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – Renault SA will propose to Nissan Motor Co a plan to create a joint holding company in which both firms would nominate a… Continue reading Renault to propose joint holding company with Nissan: Nikkei
Nissan’s ex-boss Ghosn leaves Tokyo jail
Former Nissan boss Carlos Ghosn has left his Tokyo jail, with conditions attached. Earlier, a court set bail at 500 million yen ($4.5m; £3.5m), paving the way for this latest release. Mr Ghosn faces four charges in Japan over allegations of financial misconduct, which he denies. It is the second time he has been bailed.… Continue reading Nissan’s ex-boss Ghosn leaves Tokyo jail