Tag Archives: Industry

Report: Ford firing CEO Fields, self-driving car boss taking over

According to a report from Forbes, Ford [NYSF: F] is set to announce on Monday that it has fired President and CEO Mark Fields and replaced him with former Steelcase CEO Jim Hackett. According to the report, the change is being made because Executive Chairman Bill Ford, Jr. and the rest of the...

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GM to end sales in India, manufacturing in South Africa

General Motors on Thursday made major announcements concerning its operations in India and South Africa. The automaker confirmed that it will cease sales in India by the end of 2017, though it will still continue to manufacture cars there for export. Stefan Jacoby, who heads GM's unit for...

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Germany passes law to allow self-driving cars on public roads

Despite being home to some of the world's biggest automakers, Germany has lagged other countries when it comes to legislation allowing for self-driving cars to take to public roads. That changed on May 12 when the government there passed a law that lists the conditions under which self-driving cars...

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VW Group CEO Matthias Müller under investigation

Volkswagen Group CEO Matthias Müller is in legal hot water for the first time due to an investigation into whether he adequately disclosed information on the diesel emissions cheating scandal to shareholders. Bloomberg reports that German prosecutors have opened an investigation into whether...

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Ford confirms large-scale job cuts for North America, Asia

Amid pressure from shareholders over its underperforming stock price, Ford has confirmed it will shed 10 percent of its salaried workforce in North America and Asia. The automaker said it plans to accomplish the cuts through voluntary buyouts and early retirement packages. In all, the 10 percent...

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McLaren design boss Frank Stephenson rumored to rejoin Mini

Owners of the first generation of the modern Mini should be doing a happy dance today, because if a certain rumor is true the man behind the iconic, retro-inspired design could be coming home to the brand. Motoringfile, a site exclusively focused on Mini-related news, is reporting a rumor that...

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Volvo first to commit to Android-powered infotainment system

Volvo has confirmed plans to introduce an infotainment system powered by Google's Android operating system within the next two years. The system will feature graphics and menus unique to Volvo, but behind the scenes it will be powered by Android. Volvo will also have its own apps running on...

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