All Article articles – Page 39
-
ArticleChina's Geely to acquire stakes in Lotus, Proton
Lotus makes sports cars and racing cars (Photo: Lotus)Geely Automobile said its parent company, Zhejiang Geely Holding Group, has agreed in principle to buy significant equity stakes in Malaysian carmaker Proton and Proton-owned British specialty race car company Lotus.In a filing with the Hong Kong Stock Exchange, where Geely ...
-
ArticleFields out, Hackett in as Ford CEO
Mark Fields has led Ford for almost 3 years (Photo: Ford Motor)Ford Motor announced Monday that its CEO, Mark Fields, is being replaced, following a sharp decline in the carmaker's share price over the past two years.Fields, who took the helm at Ford in January 2014, will be succeeded ...
-
ArticleCyber security is money well spent
(Illustration: GE)Cyber security costs money but it's worth it. That's the lesson learned from last week's massive ransomware attack, which caused major problems for authorities, hospitals. companies and private citizens across the globe.It's also a lesson the auto industry should take to heart. CIOs of automotive companies are committed ...
-
ArticleFrankfurt Auto Show
(Photo: VDA)This year's Frankfurt Auto Show will kick off with two press days September 12 and 13 and will then continue through September 24.The show, officially known as the IAA, takes place every other year. The exhibition, the world's biggest car show, is held at the Frankfurt Fairgrounds.In 2015, ...
-
ArticleUS survey sees lack of EV buying interest
Two out of three respondents wouldn't buy an EV, the survey found (Photo: Nissan)A US survey found that a majority of people remains hesitant to buy an electric car, despite the auto industry's commitment to building a growing range of electric vehicles in coming years.The poll, conducted by the ...
-
ArticleDelphi invests in 2 Israeli tech companies
Delphi is investing heavily in autonomous-driving technology (Photo: Delphi)Delphi is taking minority interests in two Israeli companies, as it moves to strengthen its connected-car related products and services.The US-based automotive supplier said it had signed a commercial partnership agreement with otonomo, a specialist in monetizing automotive data by way ...
-
ArticleGM beefs up self-driving tech startup unit
GM acquired Cruise Automation in 2016 (Photo: GM)General Motors will invest 14 million dlrs and add more than 1,100 jobs to beef up its self-driving technology research in California.The Detroit-based automaker said the investment will go to the Cruise Automation startup it acquired in 2016."Expanding our team at Cruise ...
-
ArticleStudy: US companies better at digitization than German counterpartsÂ
Engineering companies are less digitally advanced than telecom, banking sectors (Photo: Fraunhofer Institute)US companies are digitizing their operations at a faster pace than their German competitors, according to a new study by the Boston Consulting Group (BCG).In a poll of 700 executives in the US and Germany, the consultants ...
-
ArticleAt ZF, a growing commitment to China
 ZF's Shanghai engineering center is getting more  laboratories, test benches and offices (Photo: ZF)ZF Friedrichshafen expects to double its workforce at a key engineering center in Songjiang, as the German automotive supplier prepares for continued strong demand from its Chinese customers.The Songjiang facility near Shanghai was officially ...
-
ArticleMercedes expands private car-sharing program
Croove lets participants set their own price for renting out their vehicles (Photo: Daimler)Mercedes-Benz is expanding its "Croove" private car sharing program, introducing the platform in Berlin four months after it started a pilot program in Munich.The German premium car brand, which belongs to the Daimler Group, said Croove ...
-
ArticleVW enters AI partnership with China’s Mobvoi
VW's 2017 concept car relies on artificial intelligence technologies (Photo: VW)Volkswagen Group is teaming up with China’s Mobvoi to develop and implement artificial intelligence (AI) technologies in the car.The German automotive group said the two companies will form a 50-50 joint venture to develop technologies for smart mobility.Mobvoi is ...
-
ArticleBosch opens new auto-electronics plant in China
The new plant will build components for automated driving (Photo: Bosch)Robert Bosch has opened a new electronic-components plant in Changzhou, China, solidifying its position in the world's largest car market.With another production site, "we are strengthening our successful localization strategy," Bosch Automotive Electronics President Klaus Meder said in a ...
-
ArticleNXP to work with China on smart connected vehicles
China is expected to be the world's biggest market for connected cars soon (Photo: Deutsche Telekom)NXP and China's Ministry of Industry and Information Technology (MIIT) will jointly conduct research on secure car connectivity and infrastructure projects to make traffic smarter.The Dutch semiconductor group said it had signed an agreement ...
-
ArticleVW launches digital logistics platform
VW's logistics operations are increasingly using digital systems. Some workers receive information through smartwatches. (Photo: VW)Volkswagen has launched a digital logistics platform to improve communication and cooperation between its car plants, suppliers and trucking companies."Discovery," as the platform is called, will improve communication efficiency and reduce the number of ...
-
ArticleFord adds 2 new EVs to China lineup
Ford is pursuing an ambitious electrification strategy in China (Photo: Ford)Ford Motor is adding two new electrically powered models to its Chinese product lineup, as the US carmaker accelerates plans to bring more EVs to the world’s biggest car market.In 2018, Ford will launch the Mondeo Energi plug-in hybrid ...
-
ArticleVolvo Cars: Traffic data should be shared
Volvo's Samuelsson says Level 3 autonomous vehicles are unsafe (Photo: Volvo Cars)Governments and carmakers should share traffic data to improve global traffic safety, Volvo Cars CEO Hakan Samuelsson said Monday.Speaking at a European Union conference on connected and automated driving, the Volvo chief said the Swedish carmaker has, for ...
-
ArticlePSA deploys Dassault Systemes virtual technology for DS brand
The DS 7 Crossback was unveiled at the 2017 Geneva Auto Show (Photo: PSA)DS Automobiles will use the "Virtual Garage" technology developed by Dassault Systemes to launch its new SUV, the DS 7 Crossback.Dassault Systemes, which is a leading supplier of 3D design, digital mock up and product lifecycle ...
-
ArticleDaimler consolidates Chinese car-sharing units
Both Daimler car-sharing brands will henceforth be known as car2go (Photo: Daimler)Daimler is consolidating its two Chinese car-sharing units under the car2go brand.The German premium car maker has, to date, operated car2go with a free-floating business model, while it has run Car2Share as a more traditional, station-based car-sharing company.Daimler ...
-
ArticleAt Volkswagen, change still comes slowly
The Sedric concept is the first VW vehicle designed for level 5 autonomous driving(Photo: VW)There is some irony here: The Volkswagen Group battled for years under an autocratic leadership to become the world’s biggest automaker and did not shy away from disreputable practices on the way. Its widespread cheating ...
-
ArticleToyota joins forces with NTT for connected-car development
Toyota and NTT say one of their goals is to standardize connected-car technology (Photo: Toyota)Toyota and Japan's NTT Group are cooperating to develop connected-car technologies, combining research in accident prevention, new mobility services and other areas.The two companies said in a press release that their goal is to realize ...
