Category: Automotive

Ford Europe spending tens of millions on Brexit – chairman

FILE PHOTO: A Ford logo is pictured at a store of the automaker, in Mexico City, Mexico, April 5, 2016. REUTERS/Edgard Garrido/File Photo HALFWEG, Netherlands (Reuters) – Ford is already spending tens of millions of euros to prepare for the possibility Britain could leave the European Union without a trade deal in place, Ford Europe… Continue reading Ford Europe spending tens of millions on Brexit – chairman

The BMW Group and Microsoft launch the Open Manufacturing Platform.

Technology framework and open community to share smart factory solutions across the automotive and manufacturing sectors to significantly accelerate future Industrial IoT developments. Utilizing industrial use cases and sample code, community members and partners will develop their own services and solutions while maintaining control over their data and intellectual property. Built on the Microsoft Azure… Continue reading The BMW Group and Microsoft launch the Open Manufacturing Platform.

Lear Corporation to Acquire Xevo, a Leader in Connected Car Software and Data-Driven User Experiences

SOUTHFIELD, Mich., April 2, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced it has entered into a definitive agreement to acquire Seattle-based Xevo Inc., a leading automotive software supplier that develops solutions for cloud, car, and mobile devices. Xevo’s Journeyware suite of… Continue reading Lear Corporation to Acquire Xevo, a Leader in Connected Car Software and Data-Driven User Experiences

Daimler CEO: Boeing safety debate highlights challenge for autonomous tech

Daimler CEO Dieter Zetsche speaks during the China Development Forum in Beijing, China March 24, 2019. REUTERS/Thomas Peter/Pool FRANKFURT (Reuters) – Daimler Chief Executive Dieter Zetsche on Tuesday said the debate surrounding the safety of Boeing’s aircraft shows how hard it can be to win public acceptance for autonomous cars technology. “What is very important… Continue reading Daimler CEO: Boeing safety debate highlights challenge for autonomous tech

UPDATE 1-Exor’s Elkann stresses long-term commitment to Fiat Chrysler

(Recasts lead, adds background) MILAN, April 2 (Reuters) – Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover. “Our permanence in the capital of FCA has given its successive leadership… Continue reading UPDATE 1-Exor’s Elkann stresses long-term commitment to Fiat Chrysler

China’s Ganfeng Lithium boosts stake in Argentina project to 50%

April 2, 2019 China’s Ganfeng Lithium Co said on Monday it would spend $160 million to boost its ownership stake in an Argentina lithium project with Lithium Americas Corp, part of a plan to solidify its access to the white metal used to make electric vehicle batteries. The deal, which must still be approved by shareholders, will… Continue reading China’s Ganfeng Lithium boosts stake in Argentina project to 50%

Complete Auto Sales Analysis FY19: A Roller coaster year for automakers

After previous fiscal’s excitement overcast fizzed away in the first half of the financial year 2018-19, auto demand slipped down south resulting into a lower single digit growth for most of the segments in FY 2018-19. Macroeconomic factors like interest rate, inflation and good forecast monsoon lifted the demand in the first half of the… Continue reading Complete Auto Sales Analysis FY19: A Roller coaster year for automakers