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Think making cars is hard? Try being a supplierMajor component manufacturers such as privately owned Robert Bosch GmbH, ZF Friedrichshafen AG and stock-market listed Continental AG have ...- Boeing appoints Kelly Ortberg as new CEO and PresidentBoeing has appointed Kelly Ortberg as the new President and CEO, effective August 8, 2024, succeeding Dave Calhoun. Ortberg's primary chall...
- Mobileye cuts revenue forecast on slow China EV demand, shares sinkChina’s decision last year to end a more than decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world’s...
- Ford's pain underscores uneven impact of two-year auto chip shortageFord said on Thursday it left billions of dollars on the table that were within its control and blamed a 100,000 vehicle shortfall in its f...
- Alphabet, Meta had highest-paid median workers in 2021: ReportThe report mentioned that Google parent Alphabet and Facebook's Meta Platforms had the highest-paid median workers, at almost $300,000
- TPG profits drop in first quarterly earnings report since IPOTPG took advantage of a strong market in 2021, selling off $25.4 billion in cash, notably $7 billion in the fourth quarter, like many of it...
- For self-driving startups, revenue is elusive, but miles add upWaymo is starting to charge passengers fees. Riders of the company’s Waymo One program must pay, even though they are selected from a group...
- Lyft snaps up a tag of $24.3 bn as IPO goes the distanceThe first ride-hailing IPO raised more than it had set off to do as investors overlooked uncertainty.
- Lyft IPO oversubscribed on Day 2 of road show: SourcesThis indicates that many investors are willing to overlook uncertainty over Lyft's path to profitability.
- Self-driving startup pitches simulation tool for chasing WaymoPeter Ludwig, a co-founder, showed off his startup’s product, something he believes dozens of automakers and tech startups trying to perfec...
- Who’s winning the self-driving car race?In the next three years, almost all of these contenders will be able show off cars capable of navigating city streets at casual speeds alon...
- Uber disabled Volvo SUV's safety system before fatality“We don’t want people to be confused or think it was a failure of the technology that we supply for Volvo, because that’s not the case,” sa...
- The robocar future may take longer than you think: CES roundupTruly driverless vehicles are years away, executives from auto giants Toyota Motor Corp. and Hyundai Motor Co., mega supplier Robert Bosch ...
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