Geneva, 6 March 2018 – In the margins of the Geneva motor show, the European Automobile Manufacturers’ Association (ACEA) reacts to recent discussions on possible tariffs on EU car imports to the United States by putting the trade relations between the two regions in context. “ACEA’s members are global companies, and international trade is an… Continue reading Press Releases – EU-US automobile trade and production in context
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BMW Group reduces CO2 emissions in Europe again
Munich. The BMW Group has reduced CO2 emissions from its new car fleet in Europe (EU 28) to 122 grams/kilometre. Compared to 2016, this marks a reduction of a further 2 gram/kilometre (2016: 124g/km). The BMW Group has been reducing CO2 emissions from its EU fleet for years: since 1995, the average CO2 emissions for new… Continue reading BMW Group reduces CO2 emissions in Europe again
India: Temasek said to be in talks to invest in SoftBank-backed Ola
March 6, 2018 After speculations of Japanese investment giant SoftBank wanting to pump in more funds in Indian ride hailing major Ola, Singapore’s sovereign wealth fund Temasek is now reportedly in talks to invest in the Uber rival. According to a report in The Economic Times quoting sources, Temasek and other investors are looking to invest… Continue reading India: Temasek said to be in talks to invest in SoftBank-backed Ola
Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources
LONDON/FRANKFURT/MILAN (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV at… Continue reading Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources
Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations
Vroom, an on-demand car buying and selling startup that has raised over $300 million in venture funding, has hit a bump in the road. TechCrunch has learned and confirmed that the company has laid off a sizeable proportion of its staff — in line with a strategy of “sharpening our focus on profitability,” according to… Continue reading Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations
May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market
When we spoke with Ed Olson, CEO of May Mobility, in January, he told us that his driverless-vehicle company had raised a little over $11 million in seed funding in 2017. Last week, May disclosed more details about its $11.5 million seed round: it was led by venture investment arms of Toyota and BMW, and… Continue reading May Mobility CEO: We’ll Beat Waymo, Uber, and Cruise to Market
Burst water pipe halts Jaguar and Land Rover production
Jaguar Land Rover says it cannot say when production at its Solihull and Castle Bromwich plants near Birmingham will resume after it was forced to stop all operations on Tuesday morning. The issues were caused by a water shortage resulting from damage to water pipes in the recent cold weather. The JLR factory in Solihull… Continue reading Burst water pipe halts Jaguar and Land Rover production
Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling
Ford Motor Co. will lay off about 2,000 workers for almost six months this year as the U.S. automaker retools a Michigan plant to produce Ranger pickups and Bronco sport utility vehicles. Workers at Michigan Assembly Plant in Wayne, west of Detroit, will be temporarily dismissed from around May 7 through Oct. 22, according to a… Continue reading Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling
UPDATE 1-Jaguar Land Rover closes plant in UK as weather hits water supply
(Adds JLR comment, background) LONDON, March 5 (Reuters) – Carmaker Jaguar Land Rover (JLR) has halted production at a car plant in central England after water supplies in Britain were disrupted by burst pipes, the carmaker and water company Severn Trent said on Monday. A spokeswoman for JLR said the company closed its Solihull site,… Continue reading UPDATE 1-Jaguar Land Rover closes plant in UK as weather hits water supply
SF Motors Pushes Forward on its Autonomous Ambitions, Deploying Advanced Research and Test Vehicles Across Silicon Valley
SANTA CLARA, Calif., March 5, 2018 /PRNewswire/ — SF Motors announced it has begun test driving autonomous technology on the streets of Silicon Valley after receiving a permit from California’s Department of Motor Vehicles to test autonomous vehicle technology on public roads. With two manufacturing plants and four R&D offices across three continents, SF Motors is… Continue reading SF Motors Pushes Forward on its Autonomous Ambitions, Deploying Advanced Research and Test Vehicles Across Silicon Valley