JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. A general view of a Mobileye autonomous driving test vehicle, at the Mobileye headquarters in Jerusalem, May 15, 2018. Picture taken May 15,… Continue reading Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
Tag: Financial Results
UPDATE 2-Ford resuming production of lucrative F-150 trucks on Friday
DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday that production of its popular and highly profitable F-150 pickup trucks would resume on Friday at its Dearborn, Michigan, plant, which had been closed for more than a week because of parts shortages caused by a fire at a key supplier. FILE PHOTO: All-new Ford… Continue reading UPDATE 2-Ford resuming production of lucrative F-150 trucks on Friday
Ford Restarting F-150, Super Duty Production Ahead of Schedule after Fire at Magnesium Parts Supplier
Ford is resuming production of the F-150 pickup at Dearborn Truck Plant on Friday. Ford team has also successfully repaired the supply chain for Super Duty; production targeted to restart by Monday for Super Duty at Kentucky Truck Plant and F-150 at Kansas City Assembly Plant Ford marshaled a global team of experts, that included… Continue reading Ford Restarting F-150, Super Duty Production Ahead of Schedule after Fire at Magnesium Parts Supplier
BMW targets group pre-tax margins of more than 10%
FRANKFURT: Germany’s BMW will target a group pre-tax profit of more than 10 billion euros ($11.9 billion) this year, finance chief Nicolas Peter told newspaper Handelsblatt on Tuesday, as the carmaker seeks to achieve double-digit margins in the long run. “We are striving to keep group pre-tax profit (margins) sustainably above 10 percent,” Peter said… Continue reading BMW targets group pre-tax margins of more than 10%
Volvo Cars to eliminate diesel from the new S60 sedan
Volvo Cars to eliminate diesel from the new S60 sedan The new Volvo S60 sedan – to be launched later this spring – will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine. All new Volvo models launched from 2019… Continue reading Volvo Cars to eliminate diesel from the new S60 sedan
Faurecia wants to almost double in size by 2025
At the head of Faurecia just two years ago, Patrick Koller sees big for the automotive supplier. During a day investors, he unveiled Tuesday his medium-term ambitions: a turnover 30 billion euros in 2025, against 17 billion in 2017. A near-doubling, he hopes to achieve primarily through organic growth: he expects “only” 1.5 billion additional… Continue reading Faurecia wants to almost double in size by 2025
Lyft Introduces Ridesharing as a Transportation Solution and Economic Empowerment Opportunity to Camp Pendleton and Fort Meade
This blog post is not an endorsement by the DoD Creating innovative transportation solutions with the DoD May is Military Appreciation Month! We’re excited to make a couple of announcements and share the work we’ve been doing behind-the-scenes with military bases and veteran organizations across the country. Together, we’ve been able to introduce ridesharing as… Continue reading Lyft Introduces Ridesharing as a Transportation Solution and Economic Empowerment Opportunity to Camp Pendleton and Fort Meade
AramisAuto shifts into top gear
AramisAuto is accelerating internationally. The specialist in online sales of used cars has just bought Cardoen, one of the leading independent car distribution in Belgium: a company that, with 160 million euros of turnover and 160 employees (of which more than 100 are integrated and the others in its 13 points of sale franchisees), will… Continue reading AramisAuto shifts into top gear
Pamela Anderson Calls Out Ride-Hailing Labor Injustices
“The Closer”, directed by acclaimed artist Luke Gilford, is a shift from Ride Responsibly’s previous safety-focused PSAs, drawing attention to the deceptive labor practices of ride-hailing companies. In this PSA, Pamela Anderson stars as the villain – a ride-hailing service super-recruiter – who can convince anyone to sign up as a driver by misleading them… Continue reading Pamela Anderson Calls Out Ride-Hailing Labor Injustices
More than a quarter of a million electrified BMW Group vehicles on the roads after strong April sales growth
Munich. Following its best-ever first-quarter sales results, the BMW Group continues to grow sales around the world. A total of 194,889 BMW, MINI and Rolls-Royce vehicles were delivered to customers in April, a slight increase (+1.2%) on last year’s figure. The company has sold a total of 799,520 vehicles to customers worldwide in the first… Continue reading More than a quarter of a million electrified BMW Group vehicles on the roads after strong April sales growth