Tag: People

@Ford: Let’s Get Technical: Ford Offers Self-Driving Dataset to Spark Research and Development

By Tony Lockwood, Autonomous Vehicle Manager, Virtual Driver Systems, Ford Motor Company A data visualization showing two Ford self-driving research vehicles driving through Dearborn, MI. Every second a self-driving vehicle is operating, it’s gathering information about the world around it. Cameras and LiDAR help it identify vehicles, pedestrians, signs and anything else that might be out… Continue reading @Ford: Let’s Get Technical: Ford Offers Self-Driving Dataset to Spark Research and Development

Car rental firm Hertz gets more time from lenders to avoid bankruptcy

May 5 (Reuters) – Struggling car rental company Hertz Global Holdings Inc said on Tuesday its lenders have extended the deadline for certain loan repayments, giving it more time to come up with a financing plan to avoid a possible bankruptcy. The deadline has now been extended until May 22, the company said in a… Continue reading Car rental firm Hertz gets more time from lenders to avoid bankruptcy

Uber partners with CloudTrucks to help drivers get trucking jobs

Uber has partnered with trucking startup CloudTrucks to make it easier for its ride-hail drivers to get jobs as truckers during the pandemic. Described as a “business in a box,” CloudTrucks is designed to make it easier for truck owners and operators to run their businesses. Through software and data science, CloudTrucks aims to reduce… Continue reading Uber partners with CloudTrucks to help drivers get trucking jobs

Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery

Brussels, 5 May 2020 – COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. The European automotive sector, which has been hit particularly badly, proposes a plan comprised of 25 key actions to ensure a strong restart of the sector and… Continue reading Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery

Publications – Paper: 25 actions for a successful restart of the EU’s automotive sector

The European automotive sector wants to contribute to a policy response to COVID-19 that ensures public health, minimises the impact on the economy and maintains a focus on the overarching objectives of our time: the digital and carbon-neutral society. This paper, issued jointly by the four associations representing the EU automotive sector (ACEA, CECRA, CLEPA… Continue reading Publications – Paper: 25 actions for a successful restart of the EU’s automotive sector

@FCA: FCA N.V. 2020 First Quarter Results.

Following is a summary of the “FCA N.V. Q1 2020 RESULTS” press release. A PDF of the complete press release is attached to this email. The document is also available in the media section of the FCA corporate website:https://www.fcagroup.com/it-it/pages/home.aspxFCA reports first quarter results reflecting impacts from COVID-19, with Net loss from continuing operations of €1.7… Continue reading @FCA: FCA N.V. 2020 First Quarter Results.

Oerlikon cuts 800 jobs, withdraws 2020 outlook amid market uncertainty

May 5 (Reuters) – Swiss industrial group OC Oerlikon on Tuesday withdrew its full-year outlook and slashed 800 jobs, citing a high degree of market uncertainty triggered by the coronavirus crisis.
The group had previously expected full-year 2020 order intake and sales of between 2.5 billion and 2.6 billion Swiss francs ($2.6 billion to $2.7 billion) and earnings before interest, taxes, amortisation and depreciation (EBITDA) margin before exceptional items to improve to 15% to 15.5%.
In the first quarter, Oerlikon reported a 38% drop in EBITDA at 58 million francs, which came above estimates of a company-compiled consensus of 51 million francs.
“China has shown signs of overcoming the virus, in particular in our man-made fibers business, while we faced increasing challenges from the global impact in our surface solutions segment toward the end of the first quarter in Europe and in the U.S.,” Chief Executive Roland Fischer said.
The Swiss company's largest segment, surface solutions..

Uber is reportedly considering another investment in Lime, in a round that would sink the embattled scooter startup’s valuation by nearly 80% — and give Uber the option to buy it in 2 years

Uber is reportedly considering leading a $170 million emergency fundraising round for the scooter startup Lime, according to the Information.  The terms of the deal will hit the scooter startup hard. The round will reportedly slash Lime’s valuation to $510 million, a 79% slide from the startup’s whopping valuation of $2.4 billion in 2018.  As… Continue reading Uber is reportedly considering another investment in Lime, in a round that would sink the embattled scooter startup’s valuation by nearly 80% — and give Uber the option to buy it in 2 years

CORRECTED-UPDATE 2-Intel buys Moovit transit app for $900 mln to help develop robotaxis

JERUSALEM/NEW YORK (Reuters) – Chipmaker Intel Corp (INTC.O) has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving “robotaxis” that could take to the streets in early 2022, the company said on Monday. FILE PHOTO: U.S. chipmaker Intel Corp’s logo is seen on their “smart building” in Petah… Continue reading CORRECTED-UPDATE 2-Intel buys Moovit transit app for $900 mln to help develop robotaxis