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 solutions.… Continue reading Statement on Signing of the United States-Mexico-Canada Agreement
Tag: Autonomous
Connected, flexible, autonomous: BMW Group expands use of innovative technologies in production logistics
Munich. The BMW Group is increasingly relying on innovations from the fields of digitalisation and Industry 4.0 in production logistics. This will ensure the company’s global production network continues to receive the parts it needs in a timely and reliable manner in the future. The focus is on applications such as logistics robots, autonomous transport… Continue reading Connected, flexible, autonomous: BMW Group expands use of innovative technologies in production logistics
GM President Dan Ammann taking over as CEO of Cruise autonomous unit
Elijah Nouvelage | Reuters
A woman gets in a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, November 28, 2017.
General Motors President Dan Ammann is taking over as CEO of the automaker's Cruise autonomous vehicle unit, the company said Thursday.
Current CEO and co-founder Kyle Vogt will become chief technology officer and president. The changes will take effect on January 1, 2019, the company said.
“These appointments further demonstrate our commitment to transforming mobility through the safe deployment of self-driving technology and move us closer to our vision for a future with zero crashes, zero emissions and zero congestion,” GM Chairman and CEO Mary Barra said in a statement. “As we move toward commercial deployment, adding Dan to the strong team led by Kyle is the next step.”
GM's shares were slightly down in intraday trading.
Now that Ammann will head Cruise, GM's international businesses and its financial wing will report directly to Barra, GM said.
GM's autonomous unit is currently valued at $14.6 billion, GM said. The business received an investment from Japanese conglomerateSoftbank in May. In October, the company announced a partnership with Japanese automaker Honda to build an autonomous vehicle.
Ammann is credited with leading GM's acquisition of the San Francisco-based autonomous vehicle technology company in 2016.
General Motors president to control Cruise
Dan Ammann will move to driverless unit as it aims for ‘massive scale’ Go to Source
Cruise Automation taps GM president Dan Ammann as its new CEO
Cruise Automation, the self-driving car subsidiary of GM, is getting a new CEO. The autonomous vehicle company, which was acquired by GM in 2016 and became subsidiary GM Cruise, has tapped Dan Ammann as CEO. Ammann (shown on the right in the photo above) will step down as GM’s president, a role he’s held since… Continue reading Cruise Automation taps GM president Dan Ammann as its new CEO
Top Automotive Industry News for Week of October 29 – November 4, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best
(Car and Driver)
Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed
(Forbes)
Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says
(CNBC)
GM memo: We must cut costs, can't wait to see what happens in industry
(Detroit Free Press)
GM Throws Weight Behind Nationwide Electric-Car Quota
(Cars.com)
GM to offer buyout to some workers in cost-cutting move: DJ
(CNBC)
Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump
(autoblog)
Tesla electric vehicles will park themselves in 2019, Elon Musk says
(USA Today)
Tesla’s third-largest shareholder says it’s willing to pump more money
into the company
(CNBC)
The brutal and extreme tests Ram, Ford, Chevy run on trucks
(Detroit Free Press)
US regulators subpoenaed Tesla Model 3 production forecasts, data
(USA Today)
Volvo and Baidu join forces to mass produce self-driving electric cars
in China
(CNBC)
-Automotive Evolution News-
Cadillac cancels its car subscription program after just two years
(autoblog)
Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo
(MarketWatch)
GM is making e-bikes as it expands beyond cars
(autoblog)
Hyundai, Kia Motors to develop new solar charging tech for vehicles
(Reuters)
Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems
(LA Times)
Uber says it's ready to start testing self-driving cars again
(Mashable)
VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year
(Forbes)
Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises
(Forbes)
-Automotive Retail News-
5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list
(USA Today)
FCA, Honda and VW Lead October Auto Sales
(The Detroit Bureau)
GM Financial: More Loans, Fewer Leases in Q3
(Auto Dealer Monthly)
Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market
(CNBC)
New Vehicle Prices Continue to Rise in Fourth Quarter
(The Detroit Bureau)
Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars
(USA Today)
Rising interest rates pinch U.S. auto sales, consumer confidence
(Reuters)
Vehicle sales reached 11-month high in October
(MarketWatch)
-Automotive Wholesale News-
Car Depreciation Reaches 10-Month High
(Vehicle Remarketing)
Lane watch: Wintry chill hits wholesale prices
(Auto Remarketing)
-Automotive Ownership News-
A Comfortable Place to Spend 38,000 Hours Behind the Wheel
(The New York Times)
-Automotive Enthusiast News-
140-car collection headed to Mecum’s Las Vegas auction
(ClassicCars)
Here are the most Googled car brands of 2018
(autoblog)
-Automotive Servicing News-
AAA offers free Lyft rides to and from repair shops
(autoblog)
New car safety technology saves lives — but can double the cost of
repairs
(NBC)
Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines
(Detroit Free Press)
Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling
(USA Today)
-General Business & Executive News-
Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel
(Reuters)
New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands
(PR Newswire)
U.S. Auto Industry's October Surprise
(Forbes)
With $50M investment, AutoNation obtains 7% stake in Vroom
(Auto Remarketing)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
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memberservices@automotiveexecutives.com
Automotive Executives Association
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Volvo Cars has no current plans for stockmarket listing: CEO
STOCKHOLM/LOS ANGELES (Reuters) – Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn. FILE PHOTO: Hakan Samuelsson, President and Chief Executive Officer of Volvo, smiles… Continue reading Volvo Cars has no current plans for stockmarket listing: CEO
Qualcomm’s new $100m investment fund set for on-device AI projects
Qualcomm has launched a new startup fund designed to give on-device artificial intelligence (AI) projects a fighting chance. Featured stories On Wednesday, the US chip maker said the Qualcomm Ventures AI Fund will invest up to $100 million in “startups transforming artificial intelligence.” “The fund will focus on startups that share the vision of on-device… Continue reading Qualcomm’s new $100m investment fund set for on-device AI projects
Volkswagen planning new North America factory for electric vehicles
LOS ANGELES (Reuters) – Volkswagen VOWF_p.DE is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wednesday. FILE PHOTO: Volkswagen logos during the media day of the Salao do Automovel International Auto Show in Sao Paulo,… Continue reading Volkswagen planning new North America factory for electric vehicles
Why Our Company’s Trucks Won’t Carry Lidar 28 Nov
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IEEE Spectrum’s blog about the sensors, software, and systems that are making cars smarter, more entertaining, and ultimately, autonomous.
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Philip E. Ross, Senior Editor
Willie D. Jones, Assistant Editor
Evan Ackerman, Senior Writer
Lucas Laursen, Contributor
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