DETROIT, Jan. 15, 2018 /PRNewswire/ – Automakers now have a radar option that leapfrogs the competition as Magna unveiled its ICON RADAR at the North American International Auto Show (NAIAS). Setting a new standard in high-resolution automotive radar, ICON RADAR incorporates advanced technology used by the U.S. military to provide precise detection, extensive range and high… Continue reading Magna Unveils High-Definition Icon Radar – Scans Environment in Four Dimensions
Tag: Financial Results
UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company
Shell Acquires Interest in Silicon Ranch Corporation
NASHVILLE, Tenn., Jan. 15, 2018 /PRNewswire/ — Silicon Ranch Corporation, a leading U.S. developer, owner, and operator of solar energy plants, announced today that it has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group, the global private markets… Continue reading Shell Acquires Interest in Silicon Ranch Corporation
BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
Jan 15 (Reuters) – Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne told reporters in Detroit: * BELIEVES MAKES MORE SENSE TO USE CASH TO BUY BACK SHARES THAN TO PAY OUT DIVIDEND * WHEN ASKED ABOUT A POTENTIAL JEEP SPIN-OFF, SAYS SEPARATING BRANDS FROM THE GROUP IS A “COMPLEX MATTER”, WOULD NOT DISTANCE HIMSELF FROM… Continue reading BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
Billions for Auto1: Berlin start-up in the world’s top – how Auto1 works
01/15/2018 Billions valuation for Auto1 “And then came grandma” By Claus Gorgs Kai Müller for manager magazin From zero to 2.9 billion: Hakan Koç (l.) And Christian Bertermann manage one of the most valuable start-ups worldwide The Berlin start-up has become Europe’s largest used car dealer in only five years. The investment by Softbank billionaire… Continue reading Billions for Auto1: Berlin start-up in the world’s top – how Auto1 works
Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Volkswagen AG, unveiling a version of the revamped Jetta sedan, said it’ll invest more than $3.3 billion in North America to help lift the brand out of irrelevance in the U.S. The spending through 2020 will mostly go toward new models, including two more planned sport utility vehicles designed to finally turn VW’s fortunes, after lingering at… Continue reading VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Top Automotive Industry News for Week of January 8 – January 14, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week January 8, 2018 – January 14, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 2018 Detroit Auto Show Preview: Here’s What to Expect (Car &… Continue reading Top Automotive Industry News for Week of January 8 – January 14, 2017
Toyota Kicks Off Detroit Auto Show with Its ‘Walk In My Boots’ Community Outreach Program By Helping Local Families In Need
Donates Winter Boots and Socks To Homeless and Low-Income Families Enriching Lives…One Step At A Time at The Salvation Army Harbor Light/Booth Family ShelterHeld in conjunction with the 2018 North American International Auto Show January 14, 2018 DETROIT, Jan.13, 2018 – For the seventh consecutive year, while showcasing new vehicles at the North American… Continue reading Toyota Kicks Off Detroit Auto Show with Its ‘Walk In My Boots’ Community Outreach Program By Helping Local Families In Need