Tag Archives: Industry

Lotus CEO steps down

He was brought in back in 2014 to help bring back Lotus from the brink of bankruptcy and turn it into a viable automaker, but now Jean-Marc Gales has given up his CEO position at the British sports car brand. Gales on Monday revealed via a statement that he has left Lotus for “personal reasons,” though we know he also has a new job lined up at...

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Chrysler to stick around but may become mobility brand

Fiat Chrysler Automobiles didn't pull the plug on its Chrysler brand during Friday's five-year strategy announcement, as had been rumored, but there weren't any reassurances either. In fact, Chrysler didn't even get a mention in the strategy. Chrysler sells just the Pacifica minivan and 300 sedans, and FCA CEO Sergio Marchionne indicated to reporters on...

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Audi e-tron will use cameras in place of side mirrors, but not in US

Audi's first battery-electric crossover will also usher in radical new technology for the automotive industry. The production e-tron electric crossover will ditch traditional side mirrors and replace them with camera-based digital mirrors, the brand announced on Wednesday. Unfortunately, we won't see them in the United States due to a lack of regulations...

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FCA in talks to use Waymo self-driving tech in showroom-bound models

Waymo is making huge strides in the race to develop a safe and robust self-driving service. The Alphabet-owned company formerly known as the Google Self-Driving Car Project on Thursday announced that starting in 2018 it will order up to 62,000 additional Chrysler Pacifica Hybrids to join its self-driving fleet. It follows Waymo's announcement in March that...

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GM’s self-driving car business receives $2.25B from world’s biggest tech fund

General Motors' self-driving car business (GM Cruise) has been given a huge vote of confidence by SoftBank Vision Fund. The fund, which controls more than $100 billion in assets and is considered the world's biggest tech invester, on Thursday announced it will inject $2.25 billion in GM Cruise in return for a 19.6 percent stake. An initial payment of $900...

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Could Chrysler be axed?

Fiat Chrysler CEO Sergio Marchionne is scheduled to reveal a company-wide strategy Friday at an investor meeting in Balocco, Italy, his last before his retirement next year, and there are rumors swirling the plans might call for the axing of the Chrysler brand, whose lineup consists of just the 300 and Pacifica. The rumor was reported Wednesday by...

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Audi e-tron will replace side mirrors with cameras, tech has a chance to reach US

Audi's first battery-electric crossover will also usher in radical new technology for the automotive industry. The production e-tron electric crossover will ditch traditional side mirrors and replace them with cameras, the brand announced on Wednesday. The idea of replacing normal mirrors with cameras isn't a new one, but the e-tron will make the idea a...

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BMW explains the 5 levels of self-driving capability

A lot of companies are working on self-driving cars but the day when we all hurry around in pods without steering wheels is a long way off. In the meantime, self-driving technology will slowly filter across to cars in piecemeal form, with the Society of Automotive Engineers in 2014 presenting a roadmap of five key levels of capability that we'll pass on the...

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Report: Apple to use VW vans for first self-driving service

Apple and the Volkswagen Group have reportedly forged a deal that will see VW's Transporter van, the modern version of the iconic Microbus, used by Apple for its first self-driving service. The news was reported on Wednesday by The New York Times which cited people familiar with the project. The deal will reportedly see examples of the current T6...

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