Tag: M and A

UPDATE 1-Ford Motor puts $500 mln into electric pickup producer Rivian

(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric… Continue reading UPDATE 1-Ford Motor puts $500 mln into electric pickup producer Rivian

Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle

DEARBORN, Mich.–(BUSINESS WIRE)–Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. “This strategic partnership marks another key milestone in our drive to… Continue reading Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle

‘Self-Braking Trolley’ Could Help to Make Supermarket Shopping a Less Stressful Experience for Parents

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… Continue reading ‘Self-Braking Trolley’ Could Help to Make Supermarket Shopping a Less Stressful Experience for Parents

Uber’s Amit Jain to leave, co names new Asia-Pacific unit chief

FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay BENGALURU (Reuters) – Uber Technologies Inc said on Wednesday the head of its Asia-Pacific operations will leave the company at the end of next month, and will be replaced by Pierre-Dimitri Gore-Coty. Amit Jain had joined the… Continue reading Uber’s Amit Jain to leave, co names new Asia-Pacific unit chief

Press Releases – €428 billion in taxes generated by motor vehicles in EU-15, new figures show

Brussels, 24 April 2019 – New data released today shows that motor vehicle taxation brings in €428 billion per year to governments in the EU-15 countries alone. This figure – up 3.5% compared with the previous year – represents more than two and a half times the total EU budget. The European Automobile Manufacturers’ Association… Continue reading Press Releases – €428 billion in taxes generated by motor vehicles in EU-15, new figures show

Line-scan camera-based machine vision system detects antenna trace defects on automotive glass

Line scan camera improves vision system resolution to identify 0.25 mm holes, voids, and breaks in screen-printed antenna traces. When screen-printing silver ink antennas onto automotive glass, clogged or stretched screens can cause partial breaks, full breaks, or thinning of the trace. Sometimes there isn’t enough ink, or there are bubbles in the ink, which… Continue reading Line-scan camera-based machine vision system detects antenna trace defects on automotive glass

Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan

FILE PHOTO: The logos of Didi Chuxing and SoftBank are pictured during a news conference about their Japanese taxi-hailing joint venture in Tokyo, Japan, July 19, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said on Wednesday that it would expand its taxi-hailing… Continue reading Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan

Postmates has launched in 1,000 new cities since December

Postmates is expanding like crazy ahead of an initial public offering expected later this year. The food delivery business has launched in 1,000 new cities since December, the company announced today. San Francisco-based Postmates now operates its on-demand delivery platform, powered by a network of local gig economy workers, in 3,500 cities across all 50… Continue reading Postmates has launched in 1,000 new cities since December

Ford Motor Company, Autonomic, and Amazon Web Services Collaborate to Advance Vehicle Connectivity and Mobility Experiences

PALO ALTO, Calif.–(BUSINESS WIRE)–Ford Motor Company and creators of the Transportation Mobility Cloud (TMC) Autonomic have signed a multi-year, global agreement with Amazon Web Services (AWS), which will expand the availability of cloud connectivity services and connected car application development services for the transportation industry. Through this collaboration, Autonomic’s TMC – the leading automotive cloud… Continue reading Ford Motor Company, Autonomic, and Amazon Web Services Collaborate to Advance Vehicle Connectivity and Mobility Experiences