Ford Motor Co., the more than century-old company that was first to make cars for the masses, is calling off its pursuit of everyman sedan buyers. The company responsible for putting the world on wheels with Henry Ford’s then-innovative assembly line will pivot away from being a full-line automaker, shrinking its passenger-car lineup and shifting… Continue reading Ford Cutting Loose From Cars After Years of Missing Margin Goal
Tag: Strategy
Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) series A round from various investors, at a valuation of over RMB10 billion (US$1.6 billion), according to its official Weibo account. The identity of investors in the round was not disclosed. Launched in 2015, Hangzhou-based Caocao… Continue reading Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
Cadillac will follow XT4 with a larger, third-row crossover in early 2019
CLOSE From sleek new sports cars to hefty trucks, the international auto show had something for everyone. USA TODAY Buy Photo A 2018 Cadillac XT5 Platinum Edition is seen on display on Tuesday, January 16, 2018 during the 2018 North American International Auto Show at Cobo Center in Detroit. (Photo: Ryan Garza, Detroit Free Press)Buy… Continue reading Cadillac will follow XT4 with a larger, third-row crossover in early 2019
Bosch technology enables redundancy needed for automated driving
DETROIT – Without redundancy, there is no automated driving. The promise of automated driving requires a mix of technological, societal and regulatory development and cooperation. The technology continues to advance thanks to sensors and software, but also thanks to redundancy. In order to realize fully-automated driving on the path to the accident-free future, redundancy in… Continue reading Bosch technology enables redundancy needed for automated driving
Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Boeing, Adient Launch New Company to Design and Build Airplane Seats
SEATTLE, Jan. 16, 2018 /PRNewswire/ — Boeing [NYSE: BA] and Adient [NYSE: ADNT] today announced the formation of Adient Aerospace, a joint venture that will develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies. The seats will be available for installation on new airplanes and as retrofit configurations for… Continue reading Boeing, Adient Launch New Company to Design and Build Airplane Seats
Peugeot confident of SUV and EV push after strong sales results
Peugeot CEO Jean-Philippe Imparato believes his company is well placed to capitalise on the electric and SUV “revolutions” following a year of strong global growth. Speaking exclusively to Autocar, Imparato said that the brand’s 600,000 SUV sales in 2017, which represented 60% growth on the year before, was an example of its improving image and… Continue reading Peugeot confident of SUV and EV push after strong sales results
Automobile: the CO2 wall catches the builders
A paradox: it’s at the Detroit auto show, where a whole bunch of new 4x4s and other pickups are presented, that the builders say a little more about their situation in front of them. at the famous European “CO2 wall” . While Brussels has set relatively restrictive standards for 2021, the CEO Mercedes owner Daimler… Continue reading Automobile: the CO2 wall catches the builders
Ferrari Has Plans to Make an Electric Supercar
Ferrari NV will make a battery-powered supercar to challenge Tesla Inc. at the high end of the electric-auto market, Chief Executive Officer Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles NV, has been expanding its lineup to lift sales without losing the exclusivity of a brand associated with Italian design and… Continue reading Ferrari Has Plans to Make an Electric Supercar
Bringg Announces $22 Million Series B Round Following Strong Deal Traction with International Brands
TEL AVIV, Israel and CHICAGO, Jan. 16, 2018 /PRNewswire/ — Bringg, the leading delivery logistics platform for enterprises, announced today that it has raised additional funding from strategic partners, bringing its Series B investment total to $22 million. The current $12 million round includes automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer,… Continue reading Bringg Announces $22 Million Series B Round Following Strong Deal Traction with International Brands