CLOSE Ford has secured some additional breathing room as it tries to navigate the ongoing global financial crisis. The Dearborn automaker has gotten commitments from enough banks for a one-year extension on the bulk of revolving loans totaling about $5.35 billion, according to Reuters, which said JP Morgan was leading the effort. The news service, citing… Continue reading Report: Ford gets 1-year extension on billions in loans
Tag: Morgan
Chinese EV maker Li Auto aims to raise up to $950m in growth push
HONG KONG (Reuters) — Chinese electric vehicle maker Li Auto Inc, backed by food delivery giant Meituan Dianping, has launched an initial public offering of up to $950 million, in one of the biggest U.S. listings by Chinese companies this year. The five-year-old automaker, formerly known as CHJ Automotive, is selling 95 million American depositary shares… Continue reading Chinese EV maker Li Auto aims to raise up to $950m in growth push
Ford CEO Jim Hackett on Bronco and design thinking – Business Insider – Business Insider
Ford CEO Jim Hackett has faced steady criticism since he took over at the automaker in 2017. Hackett is a staunch proponent of “design thinking,” and the first Ford vehicles shaped by that process are starting to come to market. The best example is the all-new Bronco SUV, which debuted last week after years of… Continue reading Ford CEO Jim Hackett on Bronco and design thinking – Business Insider – Business Insider
Navistar teams up with TuSimple to produce self-driving trucks by 2024
Navistar and TuSimple deepened their two-year relationship on Wednesday, announcing plans to develop and begin producing autonomous semi trucks by 2024. The strategic partnership includes Navistar taking an undisclosed stake in self-driving trucks startup TuSimple. The plan is to move away from retrofitting the Navistar International commercial trucks that TuSimple currently uses and instead develop… Continue reading Navistar teams up with TuSimple to produce self-driving trucks by 2024
Chinese EV Manufacturer Li Auto Files For Nasdaq Listing
Following in the footsteps of domestic peer Nio Inc – ADR (NYSE: NIO), another Chinese electric vehicle maker is planning to test the IPO waters in the U.S. Nio, which went public in September 2018, rallied to a record high last week. Li Auto Nasdaq-Bound: Li Auto has filed a preliminary prospectus with the SEC for listing its… Continue reading Chinese EV Manufacturer Li Auto Files For Nasdaq Listing
Chinese EV maker Li Auto files for U.S. listing
BEIJING (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping (3690.HK), has filed for a U.S. initial public offering. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc (TSLA.O) and Nio Inc (NIO.N) have surged in recent months. Five-year-old Li Auto,… Continue reading Chinese EV maker Li Auto files for U.S. listing
@niche: Morgan bids farewell to the steel chassis
Die Preise und Beschreibungen sind zum Zeitpunkt der Veröffentlichung korrekt, Änderungen vorbehalten. Alle Bilder dienen lediglich Illustrationszwecken. Die tatsächlichen Details können je nach Markt variieren, Änderungen sind vorbehalten. Einige Fahrzeuge werden mit optionaler Ausstattung angezeigt, die eventuell nicht auf allen Märkten verfügbar ist. Bitte kontaktieren Sie Ihren Morgan-Händler vor Ort, um sich nach der Verfügbarkeit… Continue reading @niche: Morgan bids farewell to the steel chassis
Ford’s Bronco SUV bucking to take on FCA’s Jeep
DETROIT (Reuters) – Ford Motor Co (F.N) on Monday rolled out the product and marketing strategy for its new family of Bronco SUVs designed to take a bite out of Fiat Chrysler Automobiles’ (FCHA.MI) (FCAU.N) profitable Jeep franchise. A lineup of 2021 Ford Broncos, along with the logo, are displayed in this computer-generated image obtained… Continue reading Ford’s Bronco SUV bucking to take on FCA’s Jeep
Lyft: Continued Momentum Through Simulation
By: Robert Morgan, Director of Engineering and Sameer Qureshi, Director of Product Management We’re excited to announce that our autonomous vehicles (AVs) are back on the road — and that during the shelter in place we continued to make progress by doubling down on simulation. Simulation is an important part of our testing program, enabling us to… Continue reading Lyft: Continued Momentum Through Simulation
Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024
In China and the U.S., there’s much debate about when and how humans will achieve fully autonomous robotaxis at scale — cars that chauffeur passengers under complex road conditions without safety drivers behind the wheel. Many pieces are needed to make this happen: mammoth amounts of test data, advanced algorithms, strong operational teams, big checks… Continue reading Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024