Gatik AI, an autonomous vehicle startup that came out of stealth Thursday with $4.5 million in funding and Walmart as a customer, is aiming for the sweet middle spot in the world of logistics. The company, which operates out of Palo Alto and Toronto, isn’t deploying autonomous delivery bots built for sidewalks, nor is it… Continue reading Self-driving delivery van startup Gatik AI comes out of stealth with Walmart partnership
Tag: Ford
Our Future is in Motion: Ford Motor Company Reflects on 20 Years in Sustainability with New Goals Ahead
DEARBORN, Mich.–(BUSINESS WIRE)–In 1999, Ford Motor Company published its first Sustainability Report – the first company in the industry to do so. Since then, Ford has spent the last two decades moving toward a more sustainable world. “We are committed to having a positive impact on the planet and the communities where we live and… Continue reading Our Future is in Motion: Ford Motor Company Reflects on 20 Years in Sustainability with New Goals Ahead
Ford Confirms Start of Consultation on Potential Closure of Bridgend Engine Plant in Support of Business Redesign
Consultation starts concerning the proposed end of engine production and closure of Bridgend Engine Plant in South Wales by late 2020 Proposal supports Ford’s redesign strategy to create a more efficient and focused business in Europe, with significant progress already being made Comprehensive plan includes an enhanced employee separation programme, plus measures to help employees… Continue reading Ford Confirms Start of Consultation on Potential Closure of Bridgend Engine Plant in Support of Business Redesign
UPDATE 3-Ford to close Wales engine plant in latest blow to UK car sector
LONDON (Reuters) – Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs at risk in a further blow to Britain’s once booming car industry. The Ford logo is seen at the North American International Auto Show in Detroit, Michigan,… Continue reading UPDATE 3-Ford to close Wales engine plant in latest blow to UK car sector
Announcement on Ford plant closure due
An announcement on the proposed closure of Ford’s Bridgend plant will be made on Thursday, the BBC has been told. Ford Europe and bosses from the United States will meet union leaders at its Essex headquarters. The GMB said closure would “mean disaster” for the plant, which opened in 1980 and employs 1,700 workers. Ford… Continue reading Announcement on Ford plant closure due
Ford Is Fined in China as Trade Fight With U.S. Rages
BEIJING — China’s antitrust regulator on Wednesday announced a fine of around $25 million on Ford’s main joint venture in the country, the latest action against an American company amid the widening economic battle between China and the United States. The fine on Changan Ford, which is owned equally by the Detroit automaker and a… Continue reading Ford Is Fined in China as Trade Fight With U.S. Rages
New Mazda 3: spec confirmed for 178bhp Skyactiv-X engine
Mazda has confirmed the power and fuel economy details of the innovative Skyactiv-X engine that will be added to the line-up of the new fourth-generation Mazda 3 later this year. The firm says the spark plug-controlled compression ignition petrol unit, which will be offered on both hatchback and saloon models, combines the performance of a petrol engine… Continue reading New Mazda 3: spec confirmed for 178bhp Skyactiv-X engine
Faster BAC Mono heading to Goodwood Festival of Speed
Cheshire-based Briggs Automotive Company (BAC) is set to unveil a new version of its Mono single-seater at next month’s Goodwood Festival of Speed. Details of the new car are limited at this stage, but preview images show developments including a distinctive new air intake mounted behind the driver. This indicates that some sort of power upgrade… Continue reading Faster BAC Mono heading to Goodwood Festival of Speed
China fines Changan Ford for vertical monopoly agreements
BEIJING/CHONGQING, June 5 (Xinhua) — China's State Administration for Market Regulation announced Wednesday that it has imposed a fine of 162.8 million yuan (about 23.6 million U.S. dollars) on automaker Changan Ford Automobile Co., Ltd for implementing vertical monopoly agreements.
Since 2013, Changan Ford has restricted the minimum vehicle resale prices for downstream dealers in Chongqing municipality, violating China's anti-monopoly law, the administration said in a statement.
The company's practices deprived the downstream dealers of pricing autonomy, excluded and restricted the competition within the brand and in effect weakened the competition among brands, the statement said.
“[Such practices] damaged the fair competition in the relevant market and the legitimate interests of consumers,” it added.
Thus, the administration imposed the fine that equals to 4 percent of the company's 2018 sales in Chongqing in accordance with the anti-monopoly law.
The authority..
Ford will assemble batteries in Almussafes (Valencia) from September 2020
Posted 05/06/2019 13: 33: 23CET It is the first installation of batteries of an automobile manufacturer in Spain and will involve the creation of about 100 jobs MADRID, Jun 5 (EUROPA PRESS) – The American automobile firm Ford has confirmed on Wednesday its plans to create a battery assembly facility for electrified vehicles in its… Continue reading Ford will assemble batteries in Almussafes (Valencia) from September 2020