Tag: FCA

In Japan, Nissan shareholders have rallied against … the French

Hiroto Saikawa will have finally had a good day. The CEO of Nissan, whose the future at the helm of the company is increasingly questioned , had planned to let its shareholders express their annoyance at the general meeting. Since the fall of Carlos Ghosn, the value of their shares has plummeted by 30% over… Continue reading In Japan, Nissan shareholders have rallied against … the French

Hyundai backs Aurora to develop driverless systems for Kia and Hyundai models

A Hyundai NEXO fuel cell vehicle with Aurora self-driving systems.AuroraHyundai Motor Group is investing in Aurora, a developer of self-driving technology for autos, with a plan to bring the systems to Hyundai and Kia models.
The companies have been working for the past year to develop and integrate the “Aurora Driver” into Hyundai's NEXO fuel cell vehicles as well as on other projects.
It's an extension of an existing partnership and furthers the work that large auto manufacturers are doing with developers of driverless technology. General Motors acquired Cruise in 2016, and Ford took a stake in Argo.ai the following year. Aurora still aims to provide autonomous systems to many different players.
On Monday, Aurora announced a partnership with Fiat Chrysler to develop self-driving vehicles for corporate clients. It also works with Chinese electric vehicle maker Byton.
Aurora CEO Chris UrmsonAuroraIn a statement, Aurora co-founder and chief product officer Sterling Anderson — previously the director of Autopilot programs at Tesla — said the company's aim with its partners is to “deliver the benefits of self-driving technology safely, quickly, and broadly.” After reportedly failing to acquire Aurora last summer, Volkswagen concluded a partnership with the company on Tuesday.
Aurora employs lidar, or light ranging and detection sensors, as part of its autonomous systems. That's different than Tesla, which uses cameras and radar primarily to power its “full self-driving” and Autopilot features.
Led by CEO Chris Urmson, former technical lead of Google's self-driving efforts, Aurora has raised at least $700 million in funding. Other investors include Amazon, Greylock, Sequoia, Shell Energy's venture group and T. Rowe Price. The size of Hyundai's investment wasn't disclosed.
WATCH: The best way to get self-driving vehicles on the road
VIDEO3:2903:29The best way to get self-driving vehicles on the road.

Between Fiat and Renault, the fragrance of the wedding still floats in the air

His clan supports him. Fifteen days after the night withdrawal of its offer of merger between Fiat Chrysler (FCA) and Renault Last week, John Elkann received the support of his family at the general meeting of Giovanni Agnelli BV, the annual grandmother of the family holding company. The Renault project is his idea, and “it… Continue reading Between Fiat and Renault, the fragrance of the wedding still floats in the air

Marnati al Valentino: “New car technologies for a greener Piedmont and a cleaner environment”

“We must continue to work to produce new, better performing batteries, make infrastructure investments for vehicle top-ups, activate municipal incentive policies to guarantee free parking for ecological cars, as happens for example in Novara, and thus allow Piedmont to become the “the greenest area in the whole of Italy”: this was declared by the Piedmont… Continue reading Marnati al Valentino: “New car technologies for a greener Piedmont and a cleaner environment”

Renault and Nissan end standoff over post-Ghosn governance

Renault announced on Thursday that it had reached an agreement with its partner Nissan on the Japanese carmaker’s governance overhaul, paving the way for the French company to back changes decided in the wake of the Carlos Ghosn scandal.The company’s chairman Jean-Dominique Senard will sit on Nissan’s new appointments committee, and CEO Thierry Bollore will sit on the audit committee.Since then Nissan has accused Renault of having too much weight in the alliance, and of keeping it in the dark over its tie-up plans with Fiat Chrysler (FCA).

Nissan grants Renault execs boardroom seats, ending dispute

FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo TOKYO/PARIS (Reuters) – Japan’s Nissan said on Friday it would grant alliance member Renault’s representatives seats on key committees of its board, ending a dispute between the two automakers.… Continue reading Nissan grants Renault execs boardroom seats, ending dispute

JLR will not be sold to any manufacturer, says CEO

Jaguar Land Rover has given its strongest indication yet that the company will not be sold to Peugeot–Citroen, Fiat–Chrysler, Hyundai–Kia or any other motor manufacturing groups hoping to buy their way into the premium car and luxury SUV markets. Dr Ralph Speth, JLR’s CEO, concedes that his British-based company is currently going through a financially… Continue reading JLR will not be sold to any manufacturer, says CEO

Renault and Nissan partner with Waymo to develop self-driving services

The Renault-Nissan alliance has signed an exclusive deal with Google’s sister company Waymo to develop self-driving services in France and Japan.The tie-up between the car-makers and the autonomous vehicles company will focus on “all aspects” of driverless mobility services for moving people and goods.The deal does not currently extend to working together to build autonomous vehicles – unlike Waymo’s previous tie-ups with Jaguar Land Rover and Chrysler.