Tag: GM

German Manager Magazin: Finn: Munich Autoabo start-up receives up to one billion euros for fleet expansion003954

The Munich Autoabo start-up Finn receives loans of up to one billion euros to further expand its fleet. As the company reports, it was able to complete a second ABS financing program-ABS stands for “asset-backed security”, so the car fleet is secured by debt. The money comes from the world’s leading banks, including from Citi… Continue reading German Manager Magazin: Finn: Munich Autoabo start-up receives up to one billion euros for fleet expansion003954

BorgWarner Q4 Earnings Surpass Expectations, Increase Y/Y

BorgWarner BWA reported adjusted earnings of $1.01 per share for the fourth quarter of 2024, which surpassed the Zacks Consensus Estimate of 92 cents and increased from 90 cents recorded in the prior-year quarter. Better-than-expected bottom line from all segments apart from Drivetrain & Morse systems unit drove the outperformance. Find the latest EPS estimates… Continue reading BorgWarner Q4 Earnings Surpass Expectations, Increase Y/Y

Lyft eyes robotaxi launch in 2026

Lyft is working with Mobileye and Japanese conglomerate Marubeni to manage the fleet. Lyft is working with Mobileye and Japanese conglomerate Marubeni to manage the fleet. Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and… Continue reading Lyft eyes robotaxi launch in 2026

Lyft to launch Mobileye-powered robotaxis ‘as soon as 2026,’ starting with Dallas

Ride-hail giant Lyft plans to bring fully autonomous robotaxis, powered by Mobileye, to its app “as soon as 2026” in Dallas, with more markets to follow, TechCrunch has exclusively learned. The news comes a day before Lyft reports its fourth-quarter financial results, coinciding with Waymo’s preparations to launch a commercial robotaxi service with Uber in… Continue reading Lyft to launch Mobileye-powered robotaxis ‘as soon as 2026,’ starting with Dallas

Dongfeng Motor shares surge as restructuring plans prompt merger speculation

HONG KONG (Reuters) -Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. The stock jumped to HK$6, its highest since July 2022, shortly after the… Continue reading Dongfeng Motor shares surge as restructuring plans prompt merger speculation

Advanced Magnet Manufacturing Begins in the United States

In mid-January, a top United States materials company announced that it had started to manufacture rare earth magnets. It was important news—there are no large U.S. makers of the neodymium magnets that underpin huge and vitally important commercial and defense industries, including electric vehicles. But it created barely a ripple during a particularly loud and… Continue reading Advanced Magnet Manufacturing Begins in the United States

@niche: NOBODY KNOWS ANYTHING.003732

Editor’s Note: This week, Peter continues with his bleak (and spot-on) assessment of the auto business, and the stark reality of these times is sobering indeed. In On The Table, we have a “Biggest Tool in the Shed” Alert in the form of the 2025 AMG SL 63 MANUFAKTUR Golden Coast from Mercedes-AMG. Next, we detail the rationale behind… Continue reading @niche: NOBODY KNOWS ANYTHING.003732

Sharing Economy Market to Grow by USD 1.12 Trillion from 2025-2029, Driven by Online Ride-Hailing Growth, AI’s Role in Market Transformation – Technavio

NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global sharing economy market  size is estimated to grow by USD 1.12 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  32.3%  during the forecast period. Rising use of online ride-hailing services is driving… Continue reading Sharing Economy Market to Grow by USD 1.12 Trillion from 2025-2029, Driven by Online Ride-Hailing Growth, AI’s Role in Market Transformation – Technavio

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

By a large margin, hydropower-rich Canada is the largest supplier of primary aluminum metal to the U.S., accounting for 79% of total imports in the first 11 months of 2024. U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of… Continue reading Trump to announce 25% steel and aluminum tariffs in latest trade escalation