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Ford forecasts $1 billion profit improvement from Michigan truck plant

DETROIT (Reuters) – Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading Ford forecasts $1 billion profit improvement from Michigan truck plant

UPDATE 1-Ford forecasts $1 bln profit improvement from Michigan truck plant

DETROIT (Reuters) – Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading UPDATE 1-Ford forecasts $1 bln profit improvement from Michigan truck plant

Dutch chipmaker NXP makes strategic investment in China’s Hawkeye

April 17, 2019 NASDAQ-listed NXP Semiconductors, a Netherland-based producer of automotive radar sensors, has made a strategic investment in China’s Hawkeye Technology to advance its radar technology for cars, according to an announcement. Financial details of the transaction were not disclosed. With the strategic tie up, NXP and Hawkeye will now work together to create… Continue reading Dutch chipmaker NXP makes strategic investment in China’s Hawkeye

Dutch chipmaker NXP makes China push by backing radar company Hawkeye

Dutch chipmaker NXP Semiconductors has come a long way since Qualcomm’s outsize $44 billion to acquire it fell through last year. In an announcement released on Tuesday, NXP said it’s agreed to back and partner with Hawkeye Technology, a Chinese company specializing in automotive radars, as part of an ambition to capture the rapid growth… Continue reading Dutch chipmaker NXP makes China push by backing radar company Hawkeye

EU lawmakers back wifi-based car standard in win for Volkswagen

FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer BRUSSELS (Reuters) – The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed the move over 5G technology… Continue reading EU lawmakers back wifi-based car standard in win for Volkswagen

Toyota to sell first hybrid car made in Brazil

FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Pierre Albouy/File Photo SAO PAULO (Reuters) – Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas,… Continue reading Toyota to sell first hybrid car made in Brazil

Insiders describe a world of chaos and waste at Panasonic’s massive battery-making operation for Tesla (TSLA)

Insiders have described a chaotic environment in Panasonic’s battery-making operation in the Nevada desert, one where standard operating procedures go ignored, expensive mistakes are born from carelessness, and half a million pieces of scrap are generated daily. “I do not think that Tesla knows everything [that goes on on Panasonic’s side],” one former employee who… Continue reading Insiders describe a world of chaos and waste at Panasonic’s massive battery-making operation for Tesla (TSLA)

Ford Motor forecasts $1 bln profit improvement at Michigan truck plant

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 DETROIT (Reuters) – Ford Motor Co said on Wednesday a planned shift in production at a Michigan plant to trucks from less profitable cars will lead to an improvement of more… Continue reading Ford Motor forecasts $1 bln profit improvement at Michigan truck plant