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
Tag: FCA
Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization
Sergio Marchionne, who has led Fiat Chrysler Automobiles since 2009, has words of advice for the automobile industry: The future of cars is coming swiftly, and if you can’t innovate and differentiate, you won’t survive. Marchionne, one of the longest-serving chief executives in the auto industry, confirmed on Monday, the opening of the North American… Continue reading Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization
Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Marchionne: Even with autonomous vehicles, brand identity will be key
A 2018 Alfa Romeo Giulia is shown during a media preview at the 2018 North American International Auto Show in Detroit in January 2018. (Photo: Erik S. Lesser, EPA-EFE/REX/Shutterstock) The term generic might imply a reasonable, cost-effective choice at the grocery store, but Fiat Chrysler Automobiles CEO Sergio Marchionne says it’s no way to think about cars.… Continue reading Marchionne: Even with autonomous vehicles, brand identity will be key
GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit
General Motors Co. defied a softening auto market with a surprise prediction that profit will remain steady this year and grow in 2019 thanks to a wave of new trucks and SUVs. Earnings this year will be consistent with the record result the company pre-reported on Tuesday. While GM is going to grapple with costs… Continue reading GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit
GM posts strong 2017 despite losses
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses
Press Release No. 03/2018 – Vehicle registrations in January 2018
date 06/02/2018 Flensburg, 6 February 2018. With 269,429 newly registered Passenger cars ( car ) and with a plus of +11.6 percent were the registrations stronger than a year ago. The share of private registrations (35.1%) rose by +24.5 percent, that of commercial (+4.7 percent) by 64.7 percent. petrol-driven car increased by + 32.1 percent.… Continue reading Press Release No. 03/2018 – Vehicle registrations in January
2018
Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects
With the launch of its excellent DB11, Aston Martin sales spiked 56 percent in 2017, with more than 5,100 cars sold, the most the company has shifted since 2008. Aston’s leader from 2014, Englishman Andy Palmer, is strongly optimistic about the prospects for the company, founded in 1913, over its next century, as the onetime… Continue reading Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects
GM reports $3.9 billion loss for 2017
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale, in what the company characterized as a very strong year. Even though… Continue reading GM reports $3.9 billion loss for 2017
GM CEO Mary Barra says too many women quit their jobs for the wrong reason
When it comes to General Motors, you might say that CEO Mary Barra is ride or die. At 18, she started working for GM as a way to help pay for her college tuition. Her gig, inspecting hoods and fender panels of the Pontiac Grand Prix, turned out to be the first step in a lifelong… Continue reading GM CEO Mary Barra says too many women quit their jobs for the wrong reason