(Reuters) – Canadian auto parts supplier Magna International Inc will partner with Michigan startup May Mobility on self-driving shuttles, the companies said on Wednesday. Magna will outfit low-speed electric shuttles equipped with May Mobility self-driving software. The shuttles will be deployed initially this summer in a commercial ride-sharing service in downtown Detroit. Investors in May… Continue reading Magna to partner with May Mobility on low-speed self-driving shuttle
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Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
ANN ARBOR, Mich., June 13, 2018 (GLOBE NEWSWIRE) — Getting around in crowded city streets of America is about to get a little easier. May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has partnered with Magna (NYSE:MGA), a mobility technology company and one of the world’s largest automotive suppliers, to retrofit and scale… Continue reading Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
US automaker GM names Suryadevara CFO to succeed Stevens
(Reuters) – General Motors Co (GM.N) said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as chief financial officer of the No. 1 U.S. automaker. FILE PHOTO – The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March 13,… Continue reading US automaker GM names Suryadevara CFO to succeed Stevens
The connected transport company Geotab acquires the technological firm FleetCarma
Posted 06/13/2018 12:32:30 PM MADRID, Jun 13 (EUROPA PRESS) – The company specialized in fleet management Geotab has acquired the provider of “clean” technology solutions FleetCarma, specialized in telematics for electric vehicles. The purchase of FleetCarma, according to the company, “accelerates Geotab’s long commitment to invest in people and technology,” and thus makes the company… Continue reading The connected transport company Geotab acquires the technological firm FleetCarma
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
Volvo Cars and Polestar launch new Polestar Engineered electrified performance offer
Volvo Cars and Polestar launch new Polestar Engineered electrified performance offer Volvo Cars, the premium car maker, is launching a new upgraded electrified performance offer called Polestar Engineered, specifically developed for its new 60 Series T8 Twin Engine plug-in hybrid cars. The announcement comes one week before the company will reveal its new… Continue reading Volvo Cars and Polestar launch new Polestar Engineered electrified performance offer
Jürgen Gerdes has to pay for disaster in the parcel business: Post fires Streetscooter boss
All articles and backgrounds 06/12/2018 Jürgen Gerdes has to pay for disaster in the parcel business Post fires Streetscooter boss DPA Had little with his innovations Fortune: Post Board Jürgen Gerdes (l.) Including mail deliverer Cindy Rexrodt and the Bad Hersfelder Mayor Thomas Fehling (non-party), along with delivery robot “PostBOT”. The Deutsche Post praises its… Continue reading Jürgen Gerdes has to pay for disaster in the parcel business: Post fires Streetscooter boss
Toyota Advances Mobility as a Service Strategy with Strategic Investment and Collaboration with Grab, the leading Ride-hailing Company in Southeast Asia
Toyota Motor Corporation (Toyota) announced today that it has concluded an agreement with Grab Holdings Inc. (Grab) to strengthen their existing partnership and expand the collaboration between Toyota and Grab in Southeast Asia to drive further advances in Mobility as a Service (MaaS) across the region. As part of this agreement, Toyota will invest $1… Continue reading Toyota Advances Mobility as a Service Strategy with Strategic Investment and Collaboration with Grab, the leading Ride-hailing Company in Southeast Asia
Ford pushes localization strategy, streamlines sales units in China
Ford shows some of its models in Chongqing ahead of the Beijing auto show in April. [Photo provided China Daily] US auto giant set to hire more Chinese executives in bid to improve performance, Li Fusheng reports. Ford Motor Co is streamlining its sales units in China and hiring local executives as part of efforts… Continue reading Ford pushes localization strategy, streamlines sales units in China
Tesla to slash thousands of jobs in profitability drive
Tesla said it plans to cut 9% of its workforce as part of a restructuring intended to reduce costs and boost profitability. The layoffs at Elon Musk’s electric car company come as it tries to increase production of its Model 3 sedan and turn a quarterly profit this year. Tesla said the more than 3,000… Continue reading Tesla to slash thousands of jobs in profitability drive