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

FAURECIA INVESTS IN SUBPAC TO ACCELERATE THE DEVELOPMENT OF AN IMMERSIVE SOUND EXPERIENCE

Faurecia announces today an investment in the startup SUBPAC, reinforcing the Group’s ecosystem dedicated to a personalized, versatile and connected Cockpit of the Future. Based in Silicon Valley, SUBPAC has developed a hardware and software technology platform that provides a deeply immersive and customized music and media experience by silently transferring low frequencies directly to… Continue reading FAURECIA INVESTS IN SUBPAC TO ACCELERATE THE DEVELOPMENT OF AN IMMERSIVE SOUND EXPERIENCE

Uber self-driving cars back on public roads, but in manual mode

Uber is putting its autonomous vehicles back on Pittsburgh’s city streets, four months after a fatal accident involving one of its self-driving cars prompted the ride-hailing company to halt testing on public roads. But for now, Uber’s modified self-driving Volvo XC90 vehicles will only be driven manually by humans and under a new set of safety… Continue reading Uber self-driving cars back on public roads, but in manual mode

BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin

Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin

Mitsubishi Motors Reports First-Quarter Financial Results for FY2018

Tokyo, July 24, 2018 – Mitsubishi Motors Corporation (MMC) today announced first-quarter financial results for Fiscal Year 2018 ended March 31, 2019 (1Q/FY2018).     1. 1Q/FY2018 Financial Results Highlights Mitsubishi Motors reported net sales for 1Q/FY2018, up 27.0% year-on-year to 560.0 billion yen. Operating profit rose from 20.6 billion yen in the same period… Continue reading Mitsubishi Motors Reports First-Quarter Financial Results for FY2018