Tag: People

Top Automotive Industry News for Week of April 23 – April 29, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week April 23, 2018 – April 29, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 6 Reasons Ford CEO Jim Hackett Decided To Deep-Six Its Sedans… Continue reading Top Automotive Industry News for Week of April 23 – April 29, 2018

After Tesla Debacle, Denmark Reconsiders Electric Car Subsidies

Denmark may be open to financial incentives to buy electric cars after seeing a dramatic drop in sales of non-polluting vehicles, according to Prime Minister Lars Lokke Rasmussen. “We have tax incentives for electric cars, and you could discuss if they should be bigger. I will not exclude that,” Rasmussen said in an interview in… Continue reading After Tesla Debacle, Denmark Reconsiders Electric Car Subsidies

UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln

(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in a $26 billion all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen in this illustration… Continue reading UPDATE 3-T-Mobile agrees to acquire Sprint for $26 bln

Opel: the works council blocks candidates at departure

Things do not work out in Germany for Opel. Fearing a haemorrhage in the workforce, the works council of the new division of PSA has simply decided to block candidates for various plans for voluntary departures in progress. More than 200 cases – most of them from Russelsheim, Kaiserslautern or Eisenach plants – are currently… Continue reading Opel: the works council blocks candidates at departure

After death of Ford Taurus, Fusion, Fiesta, will Ford fans buy a Chevy?

CLOSE Ford Motor Company announced that it will discontinue the Fiesta subcompact car, the Fusion mid-size sedan and the Taurus full-size car in the U.S. USA TODAY A 2012 Ford Taurus. (Photo: FORD) Ford families drive Fords. Chevrolet families drive Chevys. And they often refuse to switch. Ford’s decision to cut nearly its entire car… Continue reading After death of Ford Taurus, Fusion, Fiesta, will Ford fans buy a Chevy?

Ford Torrence Plant To Stop Making Cars, Focus On SUVs

CHICAGO (CBS/AP)  — After a more than 30 year run, the Ford Motor Co. plant on the city’s Southeast Side will stop making the Ford Taurus in 2019, and instead focus on pricier SUVs, the company announced. The Details: The Taurus, first produced in 1986, was once the top-selling car in the U.S. Production will… Continue reading Ford Torrence Plant To Stop Making Cars, Focus On SUVs

BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China

April 27 (Reuters) – China Automotive Systems Inc: * CHINA AUTOMOTIVE SYSTEMS INC – ON APRIL 27, UNIT OF CO ENTERED INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO., LTD – SEC FILING * CHINA AUTOMOTIVE – HENGLONG, KYB WILL ESTABLISH A JOINT VENTURE COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM CO.,… Continue reading BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China

Opel works council blocks severance program

The voluntary severance package at Opel is apparently well received. The works council sees the future of the automaker endangered – and provisionally denies its approval. Opel plant in Kaiserslautern (archive) Friday, 27.04.2018 14:05 clock at Opel the dispute over the voluntary redundancy program is escalating. The works council provisionally refuses to approve current contracts.… Continue reading Opel works council blocks severance program

Baidu Sets Up $500M Internet, Artificial Intelligence Fund

China’s search engine giant Baidu Inc. has announced plans to set up a new fund worth of US$500 million in its first phrase to invest in Internet and artificial intelligence start-ups.  The fund, named Changcheng Investment Partners, will be the third such fund established by Baidu. In 2016, Baidu set up Baidu Ventures, which raised… Continue reading Baidu Sets Up $500M Internet, Artificial Intelligence Fund