Category: Automotive

Gett raises $100M more to double down on its B2B on-demand ride business

A number of ride-sharing companies are feeling the strain from reduced business, with many consumers still reluctant to travel, and especially to travel in surroundings that might increase the risk of spreading or catching the novel coronavirus. But today, one of the startups in the space is announcing a significant round of funding to continue growing… Continue reading Gett raises $100M more to double down on its B2B on-demand ride business

Geely’s Volvo Cars swings to January-June operating loss as pandemic weighs

FILE PHOTO: An employee at a Volvo car dealer wearing a protective mask is seen in the show room, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely Holding GEELY.UL, expects business to recover in the second half of the year,… Continue reading Geely’s Volvo Cars swings to January-June operating loss as pandemic weighs

Ford’s top lawyer leaving automaker to take job at Coca-Cola

CLOSE Bradley Gayton, general counsel at Ford Motor Co. is leaving to take a job at Coca-Cola.  (Photo: Eric W. Perry) A 39-year Ford veteran will take over as the top lawyer for the automaker as it loses Bradley Gayton to the Coca-Cola Co. John Mellen, associate general counsel at Ford, is to become general… Continue reading Ford’s top lawyer leaving automaker to take job at Coca-Cola

German car industry warns of job losses due to ‘unprecedented slump’ in the market – Yahoo Finance UK

Workers wear face masks as they assemble cars at the Mercedes-Benz factory in Ludwigsfelde, Germany. Photo: Maja Hitij/Getty Images More The German automotive industry, one of the country’s biggest employers, is facing big job cuts, despite the government’s stimulus measures raising hopes for an economic upswing in the second half of the year. “The slump… Continue reading German car industry warns of job losses due to ‘unprecedented slump’ in the market – Yahoo Finance UK

Dr. Klaus Patzak appointed new CFO of Schaeffler AG

2020-07-20 | Herzogenaurach Dr. Klaus Patzak has been appointed as a member of the Board of Managing Directors, effective from August 1, 2020 Dr. Patzak will succeed Dietmar Heinrich as head of the Finance & IT function Dietmar Heinrich will leave the company on July 31, 2020 The global automotive and industrial supplier Schaeffler announced… Continue reading Dr. Klaus Patzak appointed new CFO of Schaeffler AG

Aurora expands to Texas in bid to ramp up self-driving truck efforts

Aurora, the autonomous vehicle technology startup backed by Amazon, is expanding into Texas as it aims to accelerate the development of self-driving trucks. The company said it plans to test commercial routes in the Dallas-Fort Worth Area with a mix of Fiat Chrysler Pacifica minivans and Class 8 trucks. A small fleet of Pacificas will… Continue reading Aurora expands to Texas in bid to ramp up self-driving truck efforts

GM’s Barra expects virus to ebb, economic recovery by early 2021

Tom Krisher, Associated Press Published 9:33 p.m. ET July 19, 2020 Detroit — The auto business used to be pretty simple. Crank out vehicles that people want to buy and collect profits. It’s gotten a whole lot more complicated since Mary Barra took over as CEO of General Motors in 2014. She has cut costs… Continue reading GM’s Barra expects virus to ebb, economic recovery by early 2021

Ford general counsel Bradley Gayton leaves for Coca-Cola

Ford Motor Co. on Monday named John Mellen, longtime manager of the Dearborn automaker’s global litigation practice, its general counsel as Bradley Gayton leaves for the Coca-Cola Co. Mellen, Ford’s associate general counsel and 39-year veteran of the Blue Oval, has provided counsel in areas including safety and environmental regulatory compliance, labor and employment, occupational… Continue reading Ford general counsel Bradley Gayton leaves for Coca-Cola

Self-driving startup Aurora expands public road testing to Texas

Ed Ludlow, Bloomberg Published 2:53 p.m. ET July 20, 2020 Even as some robo-taxi developers are tapping the brakes, self-driving startup Aurora Innovation Inc. is expanding its testing operations to Texas, adding a third state to its existing public-road proving grounds in California and Pennsylvania. Aurora, founded by Chris Urmson, a former head of Google’s… Continue reading Self-driving startup Aurora expands public road testing to Texas