GM considers options for its Lyft stake following IPO

DETROIT (Reuters) – As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January… Continue reading GM considers options for its Lyft stake following IPO

Car manufacturer: BMW CEO Krüger sees no room for new jobs

Harald Kruger “We keep on hiring, but will not grow this year,” Krüger said. (Photo: AP) BerlinBMW-Boss Harald Kruger In 2019, given the fall in profits, there is no room for additional job creation. “We continue to recruit, but this year will not grow,” said Krüger the “Süddeutsche Zeitung”. BMW must now save in all… Continue reading Car manufacturer: BMW CEO Krüger sees no room for new jobs

With the Model Y, Tesla launches a new challenge

Low profile. The lucky ones invited to the presentation of the new Tesla, Thursday night in California, were entitled to the “humble” face of Elon Musk. The whimsical boss of the Californian manufacturer had however planned a big show in the presence of investors and customers for introduce the Model Y , the SUV declination… Continue reading With the Model Y, Tesla launches a new challenge

The robot’s hands

The MIT has developed exceptional robot hands that are hard to carry. The Massachusetts Institute of Technology (MIT) has constructed a new form of robotic hands that refrains from the concept of the human hand. These are so-called balloon hands. Balloon hands for robots. Source: techcrunch Although the hands have been copied from nature, they… Continue reading The robot’s hands

Ford Offers Voluntary Separation Programs in Germany and UK as It Continues to Transform Its Business in Europe

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 Ford Offers Voluntary Separation Programs in Germany and UK as It Continues to Transform Its Business in Europe

Robot valets are now parking cars in one of France’s busiest airports

Next time you head to the airport in France there might be a robot waiting to pick up your car. French firm Stanley Robotics has been trialling its self-driving robot valets for a few years, and this week started its first full-time service at France’s Lyon-Saint-Exupéry airport. The system works like this. Customers park their… Continue reading Robot valets are now parking cars in one of France’s busiest airports

BMW Group sets strategic course under challenging conditions

Munich. In the course of a challenging financial year 2018, the BMW Group made important strategic decisions set to secure its long-term success. As part of the company’s  Strategy NUMBER ONE > NEXT, the green light was given to launch a new product offensive in the upper luxury class and the cornerstone was laid for… Continue reading BMW Group sets strategic course under challenging conditions

S.Korean pension fund deals blow to Elliott in Hyundai fight

* NPS says Elliott’s dividend proposals “excessive” * NPS says Elliott nominees may lead to “conflicts of interest” * Hyundai shares lose ground (Add analyst, Hyundai comments, share prices) By Hyunjoo Jin SEOUL, March 14 (Reuters) – Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea’s Hyundai Motor… Continue reading S.Korean pension fund deals blow to Elliott in Hyundai fight

FoamPartner partners with Rinspeed for development of high-quality automotive interiors – Plastics Insight

FoamPartner has collaborated with Rinspeed for development of high-quality automotive interiors based on polyurethane foam.  This strategic partnership between the two aims at developing advanced concepts for the mobility of tomorrow. Rinspeed developed this concept car called microSNAP which illustrates the immense potential of innovative foam technology for automotive interiors as well as acoustic and… Continue reading FoamPartner partners with Rinspeed for development of high-quality automotive interiors – Plastics Insight