PLYMOUTH, Mich., July 26, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced third quarter earnings. Q3 GAAP net income and EPS diluted of $54 million and $0.58, respectively Q3 Adjusted-EBIT and Adjusted-EBITDA of $206 million and $319 million, respectively Q3 Adjusted-EPS diluted of $1.45 Q3 free cash flow of… Continue reading Adient reports third quarter 2018 financial results
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UPDATE 4-Daimler braced for emissions-test impact as profit weakens
PARIS/FRANKFURT (Reuters) – Mercedes maker Daimler (DAIGn.DE) blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Earnings before interest and… Continue reading UPDATE 4-Daimler braced for emissions-test impact as profit weakens
Look inside the new headquarters of self-driving car company Zoox in Foster City
Jul 26, 2018, 6:26am PDT Self-driving car company Zoox is on a growth streak in more than one sense, landing $500 million in new funding and moving into a new Foster City headquarters this year. Zoox’s $500 million funding round brought its valuation to $3.2 billion. The money will help fuel Zoox’s focus on building… Continue reading Look inside the new headquarters of self-driving car company Zoox in Foster City
General Motors is prepared to raise prices to offset commodity price jump
Raw materials are getting pricier for General Motors, and a new car could soon cost you more, too.
Ford Delivers Second Quarter $1.1B Net Income, $1.7B Adj. EBIT; North America Building Momentum; Restructuring Opportunities Identified Globally
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Delivers Second Quarter $1.1B Net Income, $1.7B Adj. EBIT; North America Building Momentum; Restructuring Opportunities Identified Globally
Waymo partners with Walmart, Avis, AutoNation and others to expand access to self-driving cars
Waymo, Google’s former self-driving project that’s now an Alphabet company, announced today a new series of partnerships aimed at giving more people access to its autonomous vehicles. Through deals with Walmart, AutoNation, Avis and others, Waymo will pick up customers and drive them to businesses in the Phoenix area. The company already had existing relationships with… Continue reading Waymo partners with Walmart, Avis, AutoNation and others to expand access to self-driving cars
Daimler’s workers to defend jobs if tariffs force production shift
FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) German workforce will seek to defend local jobs if the luxury carmaker attempts to shift some production to the United States in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018.… Continue reading Daimler’s workers to defend jobs if tariffs force production shift
On the death of Sergio Marchionne: The Wolf in woolen sweater
All articles and backgrounds 07/25/2018 The death of Sergio Marchionne The Wolf in woolen sweater AFP Fiat Chrysler boss Sergio Marchionne in March 2018 It should only be a small operation on the shoulder, nothing serious. Within a few days, Sergio Marchionne assured only a few weeks ago, he would resume his work. But the… Continue reading On the death of Sergio Marchionne: The Wolf in woolen sweater
After the Fatal Crash, Uber Revamps Its Robo-Car Testing
In the four months since an Uber self-driving car struck and killed a woman in Arizona, the ride-hail company’s autonomous vehicle tech has stayed off public roads. The governor of that state banned Uber from testing there; the company let its autonomous vehicle testing permit lapse in California; it pulled its vehicles off the streets… Continue reading After the Fatal Crash, Uber Revamps Its Robo-Car Testing
FROM HORSES TO POWERTRAINS… THE NEXT AUTOMOTIVE REVOLUTION WILL BE AUTONOMOUS
The arrival of the autonomous vehicle could prove as revolutionary for society as the change from horse to car last century. While it reshapes mobility, it’s also likely to profoundly influence our perspectives on time, distance and lifestyles. Before the car, traveling by horse was a long and drawn-out rhythm of set routes in a… Continue reading FROM HORSES TO POWERTRAINS… THE NEXT AUTOMOTIVE REVOLUTION WILL BE AUTONOMOUS