Tag: FCA

Exclusive: Renault chairman weakened as Macron snubs meeting – sources

PARIS (Reuters) – French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over Senard’s future. Jean-Dominique Senard, Chairman of Renault speaks during French carmaker Renault’s shareholders meeting in Paris, France in this still image… Continue reading Exclusive: Renault chairman weakened as Macron snubs meeting – sources

CORRECTED-Ford launches testing of new self-driving fleet in Detroit

FILE PHOTO: The Ford logo is seen on a vehicle at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton (Reuters) – Ford Motor Co’s majority owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles – Ford Fusion… Continue reading CORRECTED-Ford launches testing of new self-driving fleet in Detroit

VW ends partnership with Aurora

The Volkswagen Group terminates the cooperation with the US startup Aurora. Looking for cooperation partner in the field of autonomous driving has Volkswagen found the startup Aurora. As announced last summer, Volkswagen even wanted to buy the startup. Aurora was from u. a. Chris Urmson, who worked on Google on Autonomous Driving founded. Since then,… Continue reading VW ends partnership with Aurora

VW’s partnership with self-driving car startup Aurora has ended

A partnership between Volkswagen and self-driving vehicle startup Aurora has ended, according to a report by the Financial Times, citing three people familiar with the matter.  A spokesperson from VW confirmed the news, telling TechCrunch that “activities under our partnership have been concluded.” VW did not provide any further details.  Aurora didn’t provide any details… Continue reading VW’s partnership with self-driving car startup Aurora has ended

At Renault, a general meeting under high voltage

Jean-Dominique Senard would have probably dreamed calmer for his first meeting of Renault, Wednesday, June 12. This will be his first public intervention, less than five months after his appointment by the board of directors to the presidency of the tricolor builder, in the wake of the Ghosn affair. However, the meeting of shareholders of… Continue reading At Renault, a general meeting under high voltage

UPDATE 1-End of the road for Volkswagen’s self-driving Aurora deal

FILE PHOTO: The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near Mexico City September 23, 2015. REUTERS/Imelda Medina BERLIN (Reuters) – Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for… Continue reading UPDATE 1-End of the road for Volkswagen’s self-driving Aurora deal

Volkswagen concludes partnership with self-driving start-up Aurora, in talks with Ford

Julian Stratenschulte | picture alliance | Getty ImagesVolkswagen has ended its relationship with Amazon-backed self-driving start-up Aurora, and is now considering partnerships with Ford and competitor Argo AI, CNBC has confirmed.
Three people familiar with the matter first told the Financial Times that after a trial run that lasted a few months, the German automaker declined to renew the 2018 contract with Aurora. A new deal with Ford, however, could be reached by summer, according to the FT.
“The activities under our partnership have been concluded,” a Volkswagen spokesperson told CNBC.
Volkswagen previously sought to acquire Aurora following General Motor's acquisition of Cruise and Ford's $1 billion commitment to Argo AI.
Aurora on Monday announced a partnership with Fiat Chrysler to develop self-driving vehicles for corporate clients. The start-up also raised more than $530 million in an Amazon-led funding round in February, valuing the company at more than $2.5 billion.
Ford did not immediately respond to CNBC's request for comment.
Aurora will continue to use the VW e-Golf in development of its driverless vehicle systems, the company confirmed. Aurora also characterized the end of the partnership as amicable, and said there was potential to work together again down the line.
“Volkswagen Group has been a wonderful partner to Aurora since the early days of development of the Aurora Driver. As the Driver matures and our platform grows in strength, we continue to work with a growing array of partners who complement our expertise and expand the reach of our product,” an Aurora spokesperson told CNBC.
Volkswagen and Ford announced plans in January to partner up on the development of light commercial vehicles, and said they were considering other projects. Volkswagen has also committed over $50 billion to develop more than 50 pure battery-electric vehicles by 2025, to be sold through brands like Porsche and Audi.

End of the road for Volkswagen’s self-driving Aurora deal

BERLIN, June 11 (Reuters) – Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler . “The activities under our partnership have been concluded,” a VW spokesman said in a statement on Tuesday following an… Continue reading End of the road for Volkswagen’s self-driving Aurora deal

FCA Group merger could have ensured Renault’s ‘durability’

The French finance minister has described a potential merger between FCA Group and Renault as a “good opportunity” as signs began to emerge that politicians could attempt to reignite merger talks. The comments came just five days after it emerged that FCA Group had withdrawn its proposal of a “transformational” €33 billion merger with Renault… Continue reading FCA Group merger could have ensured Renault’s ‘durability’