WASHINGTON (Reuters) – U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel. FILE PHOTO: Cars for export stand in a parking area at a shipping terminal in the harbour… Continue reading UPDATE 1-Trump threatens to tax European auto imports
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News Release – First-Ever All-Electric Jaguar Unveiled at Magna
Please click HERE for a PDF version of the release. World premiere of the Jaguar I-PACE Magna is only contract manufacturer that can build vehicles across a range of propulsion systems Second Jaguar model that will be built by Magna GRAZ, Austria, March 02, 2018 — Magna’s complete vehicle manufacturing facility in Graz, Austria, hosted… Continue reading News Release – First-Ever All-Electric Jaguar Unveiled at Magna
An analysis of CEEPR’s Paper on “The Economics of Ride-Hailing”
An analysis of CEEPR’s Paper on “The Economics of Ride-Hailing” By Jonathan Hall, Chief Economist The on-demand workforce has grown considerably over the years. In the US alone, more than 750,000 people drive with Uber. And while on-demand work still accounts for a relatively small portion of the total US labor force, it has emerged… Continue reading An analysis of CEEPR’s Paper on “The Economics of Ride-Hailing”
Ford plans temporary layoffs for Ranger, Bronco retool
Buy Photo After an eight-year absence, Ford’s Ranger pickup — shown here at the North American International Auto Show at Cobo Center in Detroit on Jan. 14, 2018 — is heading back to U.S. showrooms, hoping to pick up on the midsize truck revival. Set to be built at the Wayne, Michigan assembly plant, the… Continue reading Ford plans temporary layoffs for Ranger, Bronco retool
Exclusive: GM plants to cut 5,000 South Korean jobs
SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation, according to a document seen by Reuters. General Motors Korea’s labour union members protest, while demanding that GM… Continue reading Exclusive: GM plants to cut 5,000 South Korean jobs
Toyota starts a new $2.8 billion company to develop self-driving software
Toyota is expanding its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD. The Japanese automaker is starting the company in conjunction with automotive supplier Aisin Seiki and Denso, and together, they plan to invest $2.8 billion into TRI-AD in the coming years and hire around 1,000 employees… Continue reading Toyota starts a new $2.8 billion company to develop self-driving software
Deere to acquire leading manufacturer of carbon fiber technology products
MOLINE, Ill., March 2, 2018 /PRNewswire/ — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire King Agro, a privately-held manufacturer of carbon fiber technology products with headquarters in Valencia, Spain and a production facility in Campana, Argentina. “This transaction provides John Deere customers the chance to benefit further from King Agro’s unique… Continue reading Deere to acquire leading manufacturer of carbon fiber technology products
Ford Motor Company Issues Safety Compliance Recall for Select 2017-18 Ford Taurus Vehicles for Potential of Ignition Key Removal When Vehicle Is Not in Park
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 Motor Company Issues Safety Compliance Recall for Select 2017-18 Ford Taurus Vehicles for Potential of Ignition Key Removal When Vehicle Is Not in Park
Toyota creates a new advanced research company fo focus on self-driving
Toyota has an existing think tank, research organization and long-term development wing courtesy of Toyota Research Institute (TRI), but now it’s expanding TRI with a new sub-company of its own: Toyota Research Institute-Advanced Development (TRI-AD), which I have to assume was so named just so they could have the really cool acronym. The new company… Continue reading Toyota creates a new advanced research company fo focus on self-driving
UPDATE 1-Uber abandons effort to have UberPOP reinstated in Germany
FRANKFURT (Reuters) – Ride-hailing firm Uber [UBER.UL] said it has withdrawn an appeal lodged with Germany’s high court to have its UberPOP service reinstated as part of a broader strategy shift to work with drivers licensed to carry paying passengers. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White… Continue reading UPDATE 1-Uber abandons effort to have UberPOP reinstated in Germany