MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019.… Continue reading UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
Tag: Autonomous
Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
RUEIL-MALMAISON, France and LONDON, Oct. 31, 2019 /PRNewswire/ — The combination would create the 4th largest global OEM in terms of annual unit sales (8.7m vehicles) At its inception, the combined company would realize among the highest margins in the markets where it would operate, based on FCA’s strength in North America and Latin America and… Continue reading Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
Statement on UAW-Ford Negotiations
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… Continue reading Statement on UAW-Ford Negotiations
GM appoints former AV, EV head to lead product development
General Motors Co.’s head of autonomy and electrification will now lead the Detroit automaker’s global product development, a move made as the automaker focuses its efforts on an electric future. GM has promoted Doug Parks from vice president of autonomous and electric vehicle programs to executive vice president of global product development, purchasing and supply chain, the automaker announced… Continue reading GM appoints former AV, EV head to lead product development
BMW i Ventures’ Investment in CelLink
The automotive wire harness—the mass of cables that supply power and, in some cases, data across the electronics in the car—is the biggest and heaviest component in an electric vehicle. When completely unfurled, it can span over a few miles long. Wire harnesses are necessary connectors across ever-complexifying electronic systems in vehicles today, powering everything… Continue reading BMW i Ventures’ Investment in CelLink
Autonomous Transportation-As-A-Service Startup CODE42 Raises USD 25 Million in Pre-A Funding
As lead investor, Kia Motors contributed USD 12.5 million to the deal. The USD 25 million investment marks one of the largest Pre-A rounds of funding for the Korean startup market, with past references typically ranging under USD 10 million. The newly raised funds will be utilized to complete development of CODE42’s core UMOS (Urban… Continue reading Autonomous Transportation-As-A-Service Startup CODE42 Raises USD 25 Million in Pre-A Funding
Volkswagen ID.3 Production To Start In A Few Days On November 4
It’s hard to believe that the production launch is just a few days away now. Volkswagen to officially start production of its first ID. model, the Volkswagen ID.3, on November 4 at Zwickau plant in Germany. It will be a big day for Volkswagen, which has been converting the plant to accommodate EVs based on… Continue reading Volkswagen ID.3 Production To Start In A Few Days On November 4
Automakers seeking profitable autonomous safety features: Aptiv CEO
DETROIT (Reuters) – With fully self-driving cars many years from mass market adoption because of the high cost and complexity of the technology, auto supplier Aptiv Plc is seeing soaring demand from automakers for more basic semi-automated driving features, the company’s top executive said on Wednesday. FILE PHOTO: Philip Floyd, senior engineering technician for the… Continue reading Automakers seeking profitable autonomous safety features: Aptiv CEO
Car giants plot US-European mega-merger
PSA Group, the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, it has confirmed. A deal between the two carmakers would create a business with a combined market value of nearly $50bn (£39.9bn). This is Fiat Chrysler’s second attempt at a merger this year after it pulled out of… Continue reading Car giants plot US-European mega-merger
Volkswagen’s driverless car ‘startup’ aims to take on Silicon Valley
Autonomous electric cars: Is society ready? Are you ready? ZDNet’s Jason Cipriani and Jason Perlow sit down with Karen Roby to hash out how driverless vehicles will change how we live and the way we think about transportation. Read more: https://zd.net/2JbeGcf Waymo, Tesla or Zoox are the names that usually pop up when looking at… Continue reading Volkswagen’s driverless car ‘startup’ aims to take on Silicon Valley