Tag Archives: Industry

Uber President quits after 6 months

Uber President Jeff Jones has quit just six months after joining the ridesharing firm. CEO Travis Kalanick hinted at the reason for Jones' departure in an email sent to staff on Sunday announcing the move. (Prior to joining Uber as second in command, Jones was Chief Marketing Officer at...

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Toyota going big in Texas with ranch and private race track

Toyota is in the midst of moving its North American headquarters from California to Texas. The new facilities should prove to be a state of the art example of what you can find in the offices of a top-tier global company. That's not all that Toyota is building out in Texas, however. As we've...

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VW pleads guilty to diesel scandal felonies

The Volkswagen Group on Friday pleaded guilty to three felony charges relating to its diesel emissions cheating scandal as part of January's settlement with the Justice Department and Customs and Border Protection regarding any criminal misconduct tied with the scandal. The charges included...

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Volkswagen CEO says he’s open to merger talks with Fiat Chrysler

Fiat Chrysler Automobiles CEO Sergio Marchionne has made little secret of his desire to merge with another major automaker due to the significant changes facing the auto industry and the steep capital costs those changes entail. Automakers Marchionne has courted include Ford, General Motors, Toyota...

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Lincoln to start production in China in 2019

Lincoln is set to join the increasingly long list of luxury automakers building cars in China. The brand has confirmed it will start production of an SUV in the country in late 2019. Lincoln didn't name the vehicle but said it will be it suited to Chinese tastes, suggesting that it might be a...

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Intel to buy Mobileye in $15.3B deal

Intel on Monday agreed to pay $15.3 billion to Mobileye, a leading supplier of driver assistance and self-driving technology. Mobileye's claim to fame is its EyeQ technology which uses proprietary image recognition software to help self-driving cars see the world, and the company is already a...

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Following Opel sale, more downsizing in store for GM

General Motors this month finally sold its struggling European unit Opel (along with Vauxhall, Opel's brand for the United Kingdom) to France's PSA Group after racking up two decades of losses totaling close to $20 billion. However, it's unlikely the automaker has finished its...

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