Ford says fuel cell venture with Daimler will close

DETROIT, June 13 (Reuters) – Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house. The Automotive Fuel Cell Cooperation Corp venture, based in Burnaby, British Columbia, will close… Continue reading Ford says fuel cell venture with Daimler will close

Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles

ANN ARBOR, Mich., June 13, 2018 (GLOBE NEWSWIRE) — Getting around in crowded city streets of America is about to get a little easier.  May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has partnered with Magna (NYSE:MGA), a mobility technology company and one of the world’s largest automotive suppliers, to retrofit and scale… Continue reading Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles

General Motors nomme Dhivya Suryadevara directrice financière

(Reuters) – General Motors a annoncé mardi la nomination de Dhivya Suryadevara, 39 ans, au poste de directrice financière à compter du 1er septembre, en remplacement de Chuck Stevens qui part à la retraite. General Motors a annoncé mardi la nomination de Dhivya Suryadevara, 39 ans, au poste de directrice financière à compter du 1er… Continue reading General Motors nomme Dhivya Suryadevara directrice financière

US automaker GM names Suryadevara CFO to succeed Stevens

(Reuters) – General Motors Co (GM.N) said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as chief financial officer of the No. 1 U.S. automaker. FILE PHOTO – The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March 13,… Continue reading US automaker GM names Suryadevara CFO to succeed Stevens

OPEL/VAUXHALL DEVELOPS NEXT GENERATION FOUR-CYLINDER PETROL ENGINE FOR GROUPE PSA

OPEL/VAUXHALL DEVELOPS NEXT GENERATION FOUR-CYLINDER PETROL ENGINE FOR GROUPE PSA 2018-06-13 Innovative four-cylinder petrol engine family for highest efficiency and low emissions Market-introduction as of 2022 in China, Europe and North America Optimised for use with electric motors in hybrid systems Rüsselsheim – Opel/Vauxhall will take on the global responsibility for the development of the… Continue reading OPEL/VAUXHALL DEVELOPS NEXT GENERATION FOUR-CYLINDER PETROL ENGINE FOR GROUPE PSA

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

Scooter startup Bird is reportedly about to hit a $2B valuation

More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios. There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on… Continue reading Scooter startup Bird is reportedly about to hit a $2B valuation