Category: Automotive

Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute

UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute

Koolicar leaves for the West Indies

The car rental service between individuals will announce this February 12, 2018 the launch of its offer to Guadeloupe and Martinique. An unprecedented expansion in the sector. What better than a presentation of KoolicarGo under the snow to slip this information: Koolicar will establish in the French West Indies. More specifically, the rental service between… Continue reading Koolicar leaves for the West Indies

“The brand is able to attract new customers”

On the occasion of the test of the new Civic Diesel, which will be in showrooms next March, Pierre Guignot, the director of the automotive division of Honda France, takes stock of its activity and the future of it. JA. Before discussing your ambitions for 2018, could you draw a quick report of the year… Continue reading “The brand is able to attract new customers”

Uber and new CEO Dara Khosrowshahi are the big winners of the Waymo trial fiasco

With the settlement between Waymo and Uber, Dara Khosrowshahi has cleaned up one of the ugliest lawsuits the company faced, full of bad blood. This was a face-saving gesture for both companies. Waymo gets a payment, but under terms that Uber’s board could swallow. Khosrowshahi gets to take credit for eliminating another big hurdle as he… Continue reading Uber and new CEO Dara Khosrowshahi are the big winners of the Waymo trial fiasco

Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit

After months of breathless anticipation and a week of bro-tastic testimony, the Waymo v. Uber lawsuit, in which Google’s driverless tech arm sued the ride-hailing pioneer over allegedly stolen autonomous vehicle technology, is over. In a surprise move, Uber announced today that it has settled with Waymo, offering the company 0.34 percent of Uber’s equity at its current… Continue reading Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit

Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

With this acquisition, Groupe PSA will be able to accelerate the rollout of its aftermarket offering in China by rapidly establishing its position in the market, which represents 130 million vehicles. Created more than 20 years ago, Jian Xin is currently the leading spare parts distributor in the Shanghai region. Every year, it sells more… Continue reading Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources

PARIS (Reuters) – Renault’s (RENA.PA) Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday – likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlos Ghosn. Bollore, currently chief competitive officer, had been vying with Mueller for promotion in the succession… Continue reading Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources

The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)

Andre Rivera is a 20-year veteran of the auto industry who now oversees training for Tesla. He got his start in the business when General Motors and Toyota owned what’s now Tesla’s factory. To him, Tesla is completely rethinking what a car can be. Editor’s note: Business Insider had the chance to speak with four… Continue reading The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)