Please click HERE for a PDF version of the release. Magna and Lyft will fund and develop self-driving systems Co-developed self-driving systems can be deployed on the Lyft network as well as for the entire automotive industry The partnership will benefit from data generated by the 5+ billion miles traveled per year on the Lyft… Continue reading Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Tag: Financial Results
Ford Motor Company Issues Two N.A. Safety Recalls
DEARBORN, Mich., March 14, 2018 – Ford Motor Company is issuing two safety recalls in North America. Details are as follows: Select 2014-18 Ford Fusion and Lincoln MKZ vehicles for loose steering wheel bolts that could lead to a steering wheel detaching from steering column Ford is issuing a safety recall in North America for… Continue reading Ford Motor Company Issues Two N.A. Safety Recalls
Seat employees will receive a bonus of 700 euros after the “historical” results of 2017
Published 3/14/2018 11: 38: 26CET MARTORELL (BARCELONA), 14 Mar. (EUROPA PRESS) – The Spanish automotive firm Seat has announced that it will distribute an extra 700 euros to its employees, after closing the previous year with a historical operating profit of 191 million euros, a 24.8% increase. The parent company of Seat, the Volkswagen group,… Continue reading Seat employees will receive a bonus of 700 euros after the “historical” results of 2017
Successful financial year 2017: Volkswagen brand implements product and innovation offensive consistently
News Press Release News Brand Wolfsburg, 14 March 2018 Successful financial year 2017: Volkswagen brand implements product and innovation offensive consistently The Volkswagen brand can look back on a successful financial year in 2017. The brand sold 6.23 million vehicles and improved sales revenue to €80 billion. For the first time in five years, the… Continue reading Successful financial year 2017:
Volkswagen brand implements product and innovation offensive consistently
SEAT achieves the highest operating profit in its history
The carmaker earns 191 million euros in 2017, an increase of 24.8%
P2P car marketplace Shift pauses DC operations, lays off 10% of staff
After Beepi shut down its service and transferred its operations to stealth Fair.com, its closest competitor Shift is facing some downsizing, too — a measure of the challenges of the peer-to-peer car selling business model that both had been trying to establish. TechCrunch has learned and confirmed that Shift has laid off just under 10 percent of… Continue reading P2P car marketplace Shift pauses DC operations, lays off 10% of staff
Could General Motors launch its own Airbnb for cars?
A smartphone displaying the Maven app, a GM car-sharing service is shown in Ann Arbor in April 2016. (Photo: Paul Sancya, AP) Airbnb for cars? Bloomberg reports that General Motors is planning something similar through its Maven car-sharing platform. The news service, citing unnamed sources, said GM will launch a pilot project this summer. “GM vehicle… Continue reading Could General Motors launch its own Airbnb for cars?
GM may test a carsharing program this summer
Rebecca Cook / Reuters GM’s Maven is basically the equivalent of a car rental service; for a fee, users can borrow a loaded GM vehicle for up to 28 days at a time. Now, it appears that GM may be looking to expand the service. According to Bloomberg, GM will operate pilot program this summer… Continue reading GM may test a carsharing program this summer
BorgWarner’s Latest Eco-Launch™ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles
AUBURN HILLS, Mich., March 13, 2018 /PRNewswire/ — BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, helps Ford deliver greater vehicle efficiency with its Eco-Launch™ stop/start solenoid valve and hydraulic accumulator. Engineered to deliver fast, smooth launches during engine restarts, the award-winning solution is available on the… Continue reading BorgWarner’s Latest Eco-Launch™ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles
Audi profit-sharing bonus increases to €4,770
Audi is ensuring that its employees participate in the company’s success: A skilled worker at AUDI AG will receive a profit-sharing bonus of €4,770 for the 2017 financial year. The amount for this group of employees last year was €3,150. The company will pay out the bonuses to the eligible employees in Germany paid according… Continue reading Audi profit-sharing bonus increases to €4,770