Tag: Ford

$2 million: Ford’s newly appointed COO Jim Farley gets a raise – Livemint

Ford Motor Co.’s new chief operating officer, Jim Farley, is getting a raise worth almost $2 million to help engineer a turnaround at the struggling automaker. Farley, previously Ford’s president of new business, technology and strategy, is to receive as much as $1.98 million in extra salary, bonus and stock in his new role, the… Continue reading $2 million: Ford’s newly appointed COO Jim Farley gets a raise – Livemint

LG Chem to exclusively supply EV batteries to U.S.-based Lucid Motors

SEOUL (Reuters) – South Korea’s LG Chem Ltd (051910.KS) said on Tuesday it will exclusively supply electric vehicle (EV) batteries to U.S. electric carmaker Lucid Motors, which plans to start production of its Lucid Air sedan later this year. The South Korean EV battery maker, which counts General Motors (GM.N) and Volkswagen (VOWG_p.DE) among its… Continue reading LG Chem to exclusively supply EV batteries to U.S.-based Lucid Motors

UPDATE 1-LG Chem to exclusively supply EV batteries to U.S.-based Lucid Motors

SEOUL (Reuters) – South Korea’s LG Chem Ltd (051910.KS) said on Tuesday it will exclusively supply electric vehicle (EV) batteries to U.S. electric carmaker Lucid Motors, which plans to start production of its Lucid Air sedan later this year. The South Korean EV battery maker, which counts General Motors (GM.N) and Volkswagen (VOWG_p.DE) among its… Continue reading UPDATE 1-LG Chem to exclusively supply EV batteries to U.S.-based Lucid Motors

Pressure mounts on Ford CEO Jim Hackett as stock drops to 52-week low

CLOSE Jim Hackett outlines his method of leading Ford Motor Co. in an interview with the Detroit Free Press. Detroit Free Press A $7.89 price tag is a bargain for just about anything these days. Including Ford Motor Company stock. “Ford’s stock is at its lowest point since the Great Recession,” said John McElroy, host of… Continue reading Pressure mounts on Ford CEO Jim Hackett as stock drops to 52-week low

This self-driving car looks under the road for a safety boost in rain and snow

[embedded content] Over the past few years, autonomous vehicle technology and self-driving systems have reached new levels of sophistication and an experimental scanning system could lead to improved safety levels in poor weather. Self-driving capabilities are measured on a scale of levels 0 – 5; 0 being no automation and level 5 considered to be… Continue reading This self-driving car looks under the road for a safety boost in rain and snow

MIT helps self-driving cars ‘see’ through snow and fog

Sponsored Links MIT CSAIL Self-driving technology has come a long way, but it can still be tripped up by bad weather. A team from MIT’s Computer Science and Artificial Intelligence Lab (CSAIL) may have a solution. They’ve developed a way to help autonomous vehicles “see” by mapping what’s beneath the road using Ground Penetrating Radar… Continue reading MIT helps self-driving cars ‘see’ through snow and fog

Ford hopes you’ll trade some privacy for discounted car insurance

Sponsored Links Ford Ford thinks it has a way to make car insurance more appealing: taking advantage of the data available from connected cars. It’s teaming up with Nationwide to introduce its own take on usage-based insurance. If you have one of several 2020 Ford or Lincoln models (like the Mustang you see above), you… Continue reading Ford hopes you’ll trade some privacy for discounted car insurance

Elon Musk: Tesla Cybertruck will come standard with ‘laser blade lights’, be ~82″ wide

Elon Musk made some new comments about the production version of the Tesla Cybertruck, which he says will come standard with “laser blade lights” and be ~82″ wide. In November of 2019, Tesla unveiled its highly anticipated Cybertruck, the automaker’s first electric pickup truck, to mixed reviews. The design of the vehicle is just as… Continue reading Elon Musk: Tesla Cybertruck will come standard with ‘laser blade lights’, be ~82″ wide

Visteon Announces Fourth-Quarter and Full-Year 2019 Financial Results

Sales of $2,945 million ($744 million in fourth quarter)  • 7% growth-over-market in fourth quarter 1Net income of $70 million ($35 million in fourth quarter)Adjusted EBITDA of $234 million ($85 million in fourth quarter)Awarded $6.1 billion in new businessVAN BUREN TOWNSHIP, Mich., Feb. 20, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC) today announced full-year 2019… Continue reading Visteon Announces Fourth-Quarter and Full-Year 2019 Financial Results