Having sealed a deal to expand New York City’s Citi Bike, Lyft announced Thursday that it is now the largest bike-share service in the United States. Although the ride-hailing company agreed in July to buy Motivate, an operator that reportedly dominates 80% of bike rentals in America, the deal didn’t become official until Thursday morning… Continue reading Lyft Acquires Bike-Share Company and Inks Deal With N.Y.C. – Fortune
Tag: GM
Top Automotive Industry News for Week of October 22 – October 28, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 22, 2018 – October 28, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Consumer Reports: Tesla's reliability tumbles to near the bottom in
latest survey
(USA Today)
Dyson vacuum cleaner company to build electric vehicle factory in
Singapore
(USA Today)
Eight Essential Questions For GM’s Mary Barra
(Forbes)
Feds defend voluntary robot car regulations
(The Detroit News)
Fiat Chrysler's Manley makes mark with $7B deal to sell Magneti Marelli
(Detroit Free Press)
Ford CEO says restructuring is 'a massive undertaking' that must be
'very thoughtfully orchestrated'
(CNBC)
Ford hires new China chief to tackle daunting turnaround task
(Reuters)
Ford seeks to allay dealers’ worries with ‘comeback story
(The Detroit News)
Ford shares jump after strong truck sales help third-quarter results
beat expectations
(CNBC)
Ford talks with VW to help reverse losses overseas
(The Detroit News)
GM Calls For National Electric Vehicle Policy, Says EVs Should Be 25%
Of All New Cars By 2030
(Forbes)
GM earnings: No. 1 U.S. auto maker needs to show it has a strategy to
boost ailing share price
(MarketWatch)
Here Are The Most- And Least-Reliable Rides On The Road For 2019
(Forbes)
Hyundai Motor posts big profit miss on U.S. recalls; shares dive
(Reuters)
Losing Money, Ford Shakes Up Struggling Chinese Operations, Appoints
New CEO
(The Detroit Bureau)
Report: FBI conducting criminal investigation into Tesla
(The Detroit News)
Smart brand might be doomed
(autoblog)
Tesla's Elon Musk made four big assertions — with asterisks
(LA Times)
Tesla Makes Good On Elon Musk’s Promise As Model 3 Drives $312 Million
Profit
(CNBC)
Tesla says has not received subpoena on Model 3 production
(Reuters)
The giant trucks Chevy, Ford, Ram really want to sell
(Detroit Free Press)
Which new technologies make vehicles unreliable?
(Detroit Free Press)
-Automotive Evolution News-
18 Automotive Startups and Their Chances of Survival
(Car and Driver)
Apple Files Patent Linked to AV Driving
(The Detroit Bureau)
Driverless Cars May Increase Cases Of Motion Sickness
(Forbes)
How Jaguar Land Rover Is Getting Ready For The 4th Industrial
Revolution: AI and Autonomous Cars
(Forbes)
GM’s multibillion-dollar driverless car gamble hits some bumps
(autoblog)
Tesla 'obviously' plans to take on Uber and Lyft, says CEO Elon Musk
(CNBC)
Waymo is testing what it should charge for its robotaxi service
(TechCrunch)
-Automotive Retail News-
Auto classified industry veterans roll out new dealer advertising
platform
(Auto Remarketing)
DAS Releases Dealer Social Media Study
(Auto Dealer Monthly)
Edmunds: Used-car sales this month look a lot like September's
(Auto Remarketing)
New Vehicle Sales Expected to Cool in October
(The Detroit Bureau)
Survey: Many Dealers Unaware of NCFC Tax Concerns
(Auto Dealer Monthly)
-Automotive Wholesale News-
Typical October wholesale price movements take hold
(Auto Remarketing)
Used Values Returning to Normal Levels
(Vehicle Remarketing)
-Automotive Enthusiast News-
30 fun and useful car gifts auto enthusiasts will love — according to a
car collector
(Business Insider)
-Automotive Servicing News-
AAA: Enhanced Safety Enhances Repair Costs
(Auto Dealer Monthly)
BMW expands recall to 1.6 million vehicles worldwide over fire risk
(USA Today)
Ford recalls 1.5 million Ford Focus cars that could stall with fuel
tank problem
(USA Today)
Mitsubishi, Dealer-FX launch digital service platform for dealers
(Auto Remarketing)
-General Business & Executive News-
Cox: Mobility Will Reduce Dealership Count
(Auto Dealer Monthly)
Rate hikes are already squeezing these businesses
(CNN)
TIME And Ally Financial Honor Auto Dealers
(PR Newswire)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com
Groupe PSA and Toyota open the next chapter of their long-term partnership in Europe
Groupe PSA to supply a Compact Van (C-Van) to Toyota. Toyota to take financial ownership of the TPCA joint-venture operations in Czech Republic, maintaining current production for both companies. Toyota Motor Corporation (TMC) and Groupe PSA (PSA) today announced the next chapter of their successful and mutually beneficial long-term partnership in the European market. Specifically,… Continue reading Groupe PSA and Toyota open the next chapter of their long-term partnership in Europe
Maven, GoShare Expand Los Angeles Truck Rental
The Chevrolet Colorado, the first pickup truck option for the service, is now available for Maven Gig members. Photo via Go Share. GoShare and Maven Gig are expanding the availability of short-term pickup truck leases in Los Angeles for freelance drivers and delivery professionals. GoShare offers one of the highest wages in the industry but… Continue reading Maven, GoShare Expand Los Angeles Truck Rental
GM President Dan Ammann taking over as CEO of Cruise autonomous unit
Elijah Nouvelage | Reuters
A woman gets in a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, November 28, 2017.
General Motors President Dan Ammann is taking over as CEO of the automaker's Cruise autonomous vehicle unit, the company said Thursday.
Current CEO and co-founder Kyle Vogt will become chief technology officer and president. The changes will take effect on January 1, 2019, the company said.
“These appointments further demonstrate our commitment to transforming mobility through the safe deployment of self-driving technology and move us closer to our vision for a future with zero crashes, zero emissions and zero congestion,” GM Chairman and CEO Mary Barra said in a statement. “As we move toward commercial deployment, adding Dan to the strong team led by Kyle is the next step.”
GM's shares were slightly down in intraday trading.
Now that Ammann will head Cruise, GM's international businesses and its financial wing will report directly to Barra, GM said.
GM's autonomous unit is currently valued at $14.6 billion, GM said. The business received an investment from Japanese conglomerateSoftbank in May. In October, the company announced a partnership with Japanese automaker Honda to build an autonomous vehicle.
Ammann is credited with leading GM's acquisition of the San Francisco-based autonomous vehicle technology company in 2016.
General Motors president to control Cruise
Dan Ammann will move to driverless unit as it aims for ‘massive scale’ Go to Source
GM just made a big behind-the-scenes move to boost robot cars
Original Article
Cruise Automation taps GM president Dan Ammann as its new CEO
Cruise Automation, the self-driving car subsidiary of GM, is getting a new CEO. The autonomous vehicle company, which was acquired by GM in 2016 and became subsidiary GM Cruise, has tapped Dan Ammann as CEO. Ammann (shown on the right in the photo above) will step down as GM’s president, a role he’s held since… Continue reading Cruise Automation taps GM president Dan Ammann as its new CEO
Lyft Becomes America’s Largest Bikeshare Service
Today, we’re excited to share that we are completing the acquisition of America’s largest bikeshare service, Motivate. Headquartered in New York City, the company is responsible for the growth of the country’s most ridden bikeshare systems, including: Citi Bike (New York), Ford GoBike (San Francisco Bay area), Divvy (Chicago), Bluebikes (Boston Metro area), Capital Bikeshare… Continue reading Lyft Becomes America’s Largest Bikeshare Service
Fiat Chrysler to spend $5.7B to revamp Italy car plants
Fiat Chrysler to spend $5.7B to revamp Italy car plantsFiat Chrysler Automobiles NV will spend 5 billion euros ($5.7 billion) through 2022 on the carmaker’s factories in Italy, stepping up the pace on making more in-demand sport utility vehicles and electric cars, people familiar with the plans said.
The increased outlay will finance Fiat’s plan to build a compact Alfa Romeo SUV at the Pomigliano plant, hometown of Italy Deputy Premier Luigi Di Maio, and a battery-powered Fiat 500 in Turin’s Mirafiori factory, the people said, declining to be named because the information isn’t public. The manufacturer’s Italian sites for years have struggled to run at full capacity, raising costs.
In addition, a second model under the Jeep brand will be manufactured in southern Italy to tap into burgeoning demand for SUVs. The investment will allocate more than 11 percent of Fiat’s average 8.7 billion-euro global expenditure through 2022 on product overhauls and electric cars to Italy.
A spokesman for Fiat declined to comment.
The Italian-American carmaker’s plans for Italy, set to be officially announced later Thursday, comes as the company grapples with an increasingly lopsided business that saw North America account for some 97 percent of profit during the third quarter. Earlier this week, General Motors Co. said it’s shuttering seven factories globally and shedding more than 14,000 jobs to cut unprofitable models and juggle unprecedented spending on new technologies with an uncertain payoff.
Fiat will keep all Italian factories open, the people said earlier. A third pillar of Fiat’s plan adds the compact Jeep Compass SUV to be made alongside the Renegade and the Fiat 500X in Melfi, southern Italy, they said. Deliveries for the brand surged 61 percent in the year through October in Europe, contrasting with a decline of 2 percent for the group.
Read or Share this story: https://www.detroitnews.com/story/business/autos/chrysler/2018/11/29/fiat-revamp-italy-car-plants/38637713/