Mercedes Benz & Tesla to Cut Prices in China After 90 Day Suspension of TariffsJan 23, 2019 5:20 PM WST
Mercedes Benz and Tesla are cutting prices on vehicles in China after Beijing and the Trump administration agreed to a 90 day truce in the ongoing trade war between the U.S. and China. The 40 percent tariff on vehicles imported from the U.S. hit electric automaker Tesla especially hard, as China is one of Tesla’s biggest markets.
DeepMap Signs Deal to Provide HD Mapping Technology to Ridecell & EinrideJan 16, 2019 12:22 PM WST
Silicon Valley startup DeepMap, a provider of high-definition (HD) mapping and localization technology for autonomous vehicles, has announced licensing deals with San Francisco-based mobility platform provider Ridecell and Sweden-based Einride. As part of the deal, Ridecell and Einride will integrate DeepMap’s HD mapping software in their autonomous fleets.
Execs From BMW, Mercedes & VW Called to White House for Trade TalksJan 09, 2019 3:12 PM WST
Executives from German automotive companies including BMW, Daimler and Volkswagen have been called to talks with White House economic adviser Larry Kudlow on Tuesday, a source familiar with the discussions told Reuters.
GM Announces Massive Restructuring Plan, Will Close up to 5 Assembly Plants & Cut Thousands of JobsJan 02, 2019 6:41 PM WST
General Motors has announced a massive restructuring plan, and will close up to five North American plants and lay off nearly 14,000 workers– roughly 15 percent of its global workforce.
Major Supplier Johnson Controls Sells its Auto Battery Business for $13.2 BillionDec 26, 2018 12:53 PM WST
Major automotive part supplier Johnson Controls is exiting the auto industry. The company announced sale of its automotive battery business Power Solutions to a group led by Canada-based Brookfield Business Partners LP for $13.2 billion in cash.
GM’s Maven Car-Sharing Platform to Allow Non-GM Owners to Rent Their VehiclesDec 19, 2018 5:15 PM WST
General Motors was one of the first automakers to allow owners to rent their vehicles when they are not using them and now the automaker says it will open its Maven peer-to-peer car-sharing platform to non-GM models beginning next year.
Iconic Motorcycle Brand Harley Davidson Debuts its ‘LiveWire’ Electric BikeDec 13, 2018 5:52 PM WST
American motorcycle manufacturer Harley Davidson debuted the production version of its electric motorcycle at the EICMA motorcycle show Milan, Italy on Tuesday.
Fiat Chrysler Selling its Auto Parts Business to Calsonic Kansei for $7.1 BillionNov 28, 2018 11:22 AM WST
Calsonic Kansei, a Japanese auto parts supplier owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler subsidiary Magneti Marelli for $7.1 billion (6.2 billion euros), in one of the largest automotive business transactions.
BMW to Take Majority Control of its Chinese Joint Venture in $4 Billion DealNov 17, 2018 5:28 PM WST
Now that the Chinese government is allowing foreign companies to take majority control of their Chinese joint ventures, BMW becomes the first automaker to take advantage of the new rules in a multi-billion dollar deal to take a majority stake in a joint venture with a Chinese company.
Roadstar.ai Selects Renovo’s AWare OS for its Autonomous Driving SystemNov 03, 2018 5:32 PM WST
Roadstar.ai, a Silicon valley-based startup developing level-4 autonomous technology, announced today it has selected Renovo’s AWare, a production-grade operating system (OS) for self-driving cars. AWare is designed as a development and commercialization platform for autonomous vehicles, allowing third party developers to build applications that will run on it.