(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
Tag: Mobility
Mercedes’ ridesharing ViaVan service comes to London
Daimler Add another company to the list of transportation services filling Uber’s London-sized void. Mercedes-Benz and Via have launched their jointly owned ViaVan service in Zones 1 and 2 of the city, giving Londoners a “ride-pooling” option that bridges the gap between plain ridesharing and mass transit. The allure, as you might guess, stems from… Continue reading Mercedes’ ridesharing ViaVan service comes to London
JUMP Bikes weighing Uber $100m+ acquisition, investment offers
JUMP Bikes, the on-demand biking service that integrates with Uber, has been weighing both acquisition and investment offers. A decision has not yet been reached, but right now possible options include a sale to Uber at a price that exceeds $100 million, or a venture investment round, multiple sources tell TechCrunch. One of the possible… Continue reading JUMP Bikes weighing Uber $100m+ acquisition, investment offers
Carmakers proceed cautiously after EPA mpg announcement
Environmental Protection Agency Administrator Scott Pruitt speaks with auto industry leaders following a news conference at the Environmental Protection Agency in Washington, April 3, 2018, on his decision to scrap Obama administration fuel standards. (Photo: Andrew Harnik / AP) Washington — Detroit automakers say they’re committed to increasing the fuel economy of their cars, despite… Continue reading Carmakers proceed cautiously after EPA mpg announcement
What is next in the world of ride-hailing?
What is next in the world of ride-hailing? Welcome to our weekly news highlights, the place where you‘ll find the most important information in the urban mobility space. Follow us to keep updated, we post every Tuesday! Here is what happened last week: Follow up story: Uber sells its Southeast Asian operations to Grab With a 27.5%… Continue reading What is next in the world of ride-hailing?
2 Tesla drivers tried to recreate the fatal Model X accident and found a major flaw with Autopilot (TSLA)
The aftermath of the fatal Model X crash on March 23 in California. KTVU via Associated Press On Friday, Tesla revealed that the Model X driver who was killed in an accident in California had activated Autopilot before the crash. A pair of YouTube videos from other Tesla drivers may shed light on what could… Continue reading 2 Tesla drivers tried to recreate the fatal Model X accident and found a major flaw with Autopilot (TSLA)
Ford releases salary, pay ratio data for entire workforce
Jim Hackett, President and CEO of Ford Motor Company, speaks during their press preview at the 2018 North American International Auto Show in Detroit in January 2018. (Photo: JEWEL SAMAD, AFP/Getty Images) Ford CEO Jim Hackett earned total compensation of $16.7 million in 2017, his first calendar year at the company’s helm, the automaker said Thursday.… Continue reading Ford releases salary, pay ratio data for entire workforce
GM partner's self-driving car gets a ticket from San Francisco cop
CLOSE Ford Motor Co. is making Miami-Dade County its new test bed for self-driving vehicles. Ford Cruise Automation self-driving test vehicle navigates the urban streets of San Francisco, CA. (Photo: Karl Nielsen for Cruise Automation) It sounds like the setup for a joke: A self-driving car got a ticket last week in San Francisco, KPIX-TV… Continue reading GM partner's self-driving car gets a ticket from San Francisco cop
Ford SUVs Hit Record Sales Month – Retail Up; F-Series Posts Best Results Since 2000; All-New Expedition Retail Up 46 Percent, While Navigator Sees Triple-Digit Retail Gain
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 Ford SUVs Hit Record Sales Month – Retail Up; F-Series Posts Best Results Since 2000; All-New Expedition Retail Up 46 Percent, While Navigator Sees Triple-Digit Retail Gain
Waymo CEO Says Self-Driving Tech Isn’t to Blame for Tesla Death
As controversy swirls around the death of a Model X driver last month, the head of Alphabet Inc.’s self-driving car unit is drawing distinctions between his company’s technology and Tesla Inc.’s Autopilot. Wei Huang, 38, died March 23 when his sport utility vehicle using the driver-assistance system Autopilot collided with a highway barrier in Mountain… Continue reading Waymo CEO Says Self-Driving Tech Isn’t to Blame for Tesla Death