FILE PHOTO: The logo of Ford is seen on a 2020 Ford Explorer car at Ford’s Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski (Reuters) – The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and… Continue reading GM, Ford planning for possible economic downturn: executives
Tag: Possible_Terrorism_Warfare
Audi Trying To Team Up With Rimac To Build R8 Electric Successor
Rimac could supply the batteries and electric motors. The Audi R8 is living on borrowed time. In May, Bram Schot, Audi’s chairman of the board of management, questioned if the R8 needed an internal combustion engine moving forward, adding that there is an ongoing discussion about the mid-engine vehicle’s future. A new report from CAR… Continue reading Audi Trying To Team Up With Rimac To Build R8 Electric Successor
PSA, Dongfeng to drop two China auto plants, halve workforce
Underperforming vehicles will be dropped as the Peugeot and Citroen lineups are streamlined around more profitable models, mirroring the European turnaround strategy now powering record margins in PSA’s home markets. BEIJING/PARIS: Peugeot maker PSA Group and partner Dongfeng Group have agreed to cut thousands of jobs in China and drop two of their four shared… Continue reading PSA, Dongfeng to drop two China auto plants, halve workforce
US government quietly kills autonomous vehicle committee
Sponsored Links AkaratPhasura via Getty Images The Department of Transportation’s Advisory Committee on Automation in Transportation (ACAT) hasn’t been active since it was formed in 2017. And it won’t be active anytime in the future, because according to The Verge, the administration has quietly killed it without even telling its members. Under President Obama, the… Continue reading US government quietly kills autonomous vehicle committee
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world’s largest auto market loses steam. FILE… Continue reading Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
Car2go hikes hourly rental rates by as much as a third
By-the-minute car rental service Car2go is raising its rates for short trips under the guise of variable pricing, the company announced to its users today. As we’ve seen with other variably priced services like delivery and ride hailing, in practice this means you never really know what it will cost but will have little choice… Continue reading Car2go hikes hourly rental rates by as much as a third
Uber loses $5 billion, misses Wall Street targets despite easing price war
(Reuters) – Uber Technologies Inc (UBER.N) reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. FILE PHOTO: Uber’s logo is seen on a smartphone screen as a picture of stock exchange graph is displayed on… Continue reading Uber loses $5 billion, misses Wall Street targets despite easing price war
Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether… Continue reading Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
Lyft raises forecast for 2019 as price war with Uber eases, ridership rises
(Reuters) – Lyft Inc posted a robust jump in revenue on Wednesday in its second-quarter results, helping the ride-hailing company to a better-than-expected loss as more riders used the service and price competition with rival Uber eased. FILE PHOTO: The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson/File… Continue reading Lyft raises forecast for 2019 as price war with Uber eases, ridership rises
Auto parts supplier: Continental says goodbye to the combustion engine
Continental employees The supplier is investing more in e-mobility. (Photo: Bloomberg) Dusseldorf Less turnover, less profit and rising debt – Continental has already experienced better times. The worldwide decline in automobile production is dehumanizing the Dax Group. Sales in the second quarter fell by one percent to 11.3 billion euros, adjusted EBIT by almost 25… Continue reading Auto parts supplier: Continental says goodbye to the combustion engine