Tag: Volvo

Daimler Trucks to cut costs, raise margins in all regions by 2025

Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo Daimler Truck aims to cut costs and boost profit across all regions by 2025 as it goes “all in” for electric and hydrogen fuel cell powered vehicles, the world’s largest truck and bus maker said… Continue reading Daimler Trucks to cut costs, raise margins in all regions by 2025

Ford CEO Jim Farley Says US Needs to Regulate Automated Driving Systems – Gadgets 360

The CEO of America’s second-largest auto company is calling for the federal government to set standards for fully or partially automated vehicles to tighten the safety of electronic driving systems. In urging federal regulation, Ford CEO Jim Farley becomes the highest-profile auto executive to publicly recognise a need to more closely monitor the emerging technology,… Continue reading Ford CEO Jim Farley Says US Needs to Regulate Automated Driving Systems – Gadgets 360

Automakers to up fuel cell vehicle production

Visitors check out a hydrogen fuel cell bus at the 2021 Shanghai auto show, held from April 19-28. [Photo by Long Wei/For China Daily] Hydrogen seen as legitimate clean power source to complement hybrids, full electrics Carmakers in China and abroad are stepping up efforts to build hydrogen fuel cell vehicles, which are thought could… Continue reading Automakers to up fuel cell vehicle production

Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts

(Bloomberg) — Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans. But Waymo must first quell concerns about a… Continue reading Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts

UPDATE 1-Daimler Truck eyes bigger profits, going ‘all in’ on zero emissions

By Nick Carey 3 Min Read LONDON (Reuters) -Daimler Truck aims to cut costs and boost profit across all regions by 2025 as it goes “all in” for electric and hydrogen fuel cell powered vehicles, the world’s largest truck and bus maker said on Thursday. FILE PHOTO: Daimler AG sign is pictured at the IAA… Continue reading UPDATE 1-Daimler Truck eyes bigger profits, going ‘all in’ on zero emissions

Volvo expands partnership with Nvidia for self-driving tech

Volvo has confirmed it will use technology company Nvidia’s new Drive Orin processor to power its upcoming self-driving technology. The system will first appear on the next-generation XC90 next year, being the first Volvo to offer an advanced “eyes off” autonomous driving mode. Nvidia’s Drive Orin chip has been designed specifically to meet the processing… Continue reading Volvo expands partnership with Nvidia for self-driving tech

UAW Rejects Tentative Agreement with Volvo Trucks North America

GREENSBORO, N.C., May 16, 2021 /PRNewswire/ — Volvo Trucks North America today announced that employees represented by the United Auto Workers (UAW) rejected a new five-year labor agreement covering approximately 2,900 members of UAW Local #2069 at the New River Valley truck assembly operations in Dublin, Virginia. The company has been informed that UAW-represented employees… Continue reading UAW Rejects Tentative Agreement with Volvo Trucks North America

Waymo to lose its CFO and head of automotive partnerships

Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,… Continue reading Waymo to lose its CFO and head of automotive partnerships