Report: Climate Change vs. Carmakers
Report: Automotive headwinds align into a perfect storm
Krause, the founder and chief executive officer of electric vehicle startup Canoo (formerly Evelozcity), is stepping down temporarily as the company’s chief executive officer and chairman of the board for family reasons as the company prepares to unveil first model.
Stefan Krause has relinquished his role as CEO and board chairman to handle urgent family matters. He was quoted in German publication Manager Magazin saying that he would remain on the supervisory board to take responsibility for raising financing – an area in which he has been successful at the company, raising more than $1 billion.
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Former Byton CEO Carsten Breitfeld has been appointed global chief executive of Los Angeles-based Faraday Future (FF), strengthening the management ranks of the Chinese-owned electric-vehicle company and potentially improving its chances of bringing to market its flagship FF 91 model.
A squeeze on automotive suppliers, together with the adaptation of new technology, will lead some major players to play a bigger role in overall vehicle development cycles, especially in shaping customer user experiences
As OEMs and automotive parts suppliers see their margins decline, cost pressures are going to increase on logistics operations and service providers further down the supply chain
Should automotive manufacturers and the supply chain fear or embrace this surprise announcement from the consumer technology giant?
DoorDash, an on-demand food delivery service with a growing interest in autonomous vehicle technology, has acquired Scotty Labs, a tele-operations company that is developing technology for remote-controlled autonomous driving for cars and trucks.
Porsche has acquired a minority stake in TriEye, an Israeli technology start-up specialized in deep learning and semi-conductor components that support autonomous driving and advanced driver assistance systems.
