Ford Motor and Daimler AG are winding down a joint venture established to develop automotive fuel cell technology, Ford stated on Wednesday, as both automakers prepare to take their concerning fuel cell technology development in-house. The Automotive Fuel Cell Cooperation Corp venture, formed in Burnaby, British Columbia, will shut down this summer, Ford stated in
The new CFO of General Motors General Motors stated on Wednesday Dhivya Suryadevara, presently vice president of corporate finance, is going to succeed Chuck Stevens on September 1 as chief financial officer of the leading automaker in the US. Suryadevara, 39, has played an remarkable role in some major deals GM has made as it
General Motors CEO Mary Barra stated on Tuesday the No. 1 U.S. automaker at present has no projects underway with ride-sharing company Lyft, where it is holding 9 percent stake. Competing automaker Ford Motor stated last year it will work with Lyft to deploy large amount of Ford self-driving vehicles on Lyft’s network by 2021.
General Motors will provide advanced batteries to Japan’s Honda Motor, the companies stated Thursday, a move that could apparently reduce the expense of future electric vehicles at both automakers after 2020. The automaker stated the new batteries, which it has branded EME 1.0 and first described last fall, will be smaller than present EV batteries,
Ford Motors prepares to shut down its Blanquefort gearbox plant located in southwestern France if no buyer can be found for the site, which has hired 900 workers, the U.S. automaker said on Thursday. Ford management provided a closure plan to unions at the factory to include layoffs and early retirements that may take effect
General Motors agreed to settle a lawsuit submitted by a motorcyclist involved in a minor crash among its self-driving cars in San Francisco late last year, the U.S. automaker stated on Friday. Oscar Nilsson sued GM in U.S. District Court in January for negligence over a December last year crash in which he was injured.
Fiat Chrysler Automobiles NV is recalling over 5.3 million vehicles in North America due a defect that could avoid drivers from deactivating cruise control, the company stated, cautioning owners not to make use of the function until they get software upgraded. The automaker stated no injuries or crashes are associated with the large recall campaign
Tesla Inc has announced a number of key executive hires consisting former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing. Zhou earlier served as CFO for Asia Pacific and India for Ingersoll Rand. “We’re excited to welcome a group of
Shares of General Motors and Ford Motor moved only marginally higher before the bell on Thursday following the Trump administration launch of a national security investigation into car imports which could result in new tariffs on foreign rivals while also stirring trade tensions. Washington stated on Wednesday it will open a so-called Section 232 investigation
Negative reports about Tesla Inc have hit “fever pitch”, however the electric automaker’s stock price is likely to rise as output of its Model 3 sedan improves, according to an analyst research report. Following the publication of Baird Equity Research analyst Ben Kallo’s note on Wednesday, Tesla CEO Elon Musk chimed in with a number
Tesla Inc’s Model 3 sedan recorded more registrations in California compared to its class competitors BMW 3-Series and Mercedes C-Class in the first quarter, as per a report by the California New Car Dealers Association (CNCDA). Model 3 registrations amounted 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes variant
Tesla Inc has cut up to $14,000 off its Model X in China following the announcement from Beijing concerning major tariff cuts for imported automobiles, a possible sales boost for the U.S. firm as the world’s largest auto market turn towards electric vehicles. The automaker will reduce cost of its Model S and Model X
Fiat Chrysler Automobiles (FCA) shares dropped over 3 percent in New York trading on Friday in middle of investor concern about allegations mounted in court filings concerning alleged excess diesel emissions. The U.S. Justice Department submitted a civil lawsuit against Fiat Chrysler and its VM Motori SpA unit in May last year, alleging the automaker
4 Best Ford Cars, SUV’s and Trucks of All Time Ford has been making cars since 1903. They made their first truck in 1925 and their first sport-utility vehicle (SUV) in 1957. Over the decades, they have made many iconic cars, trucks, and SUVs. Here are the ones that most people, across the world, consider
General Motors, which prepares a ride-sharing fleet of robotaxis for 2018, is exploring at further business opportunities for self-driving cars, including custom designs that could be almost unrecognizable from those of present, a top executive stated on Thursday. Custom-designed vehicles could be owned or rented by individual customers, consisting of those outside of large cities,