Business

FCA, Google Near Deal on Self-Driving Technology?

Alphabet Inc.’s Google autonomous car program and Fiat Chrysler Automobiles NV are in advanced talks about launching a technology partnership that targets the commercialization of self-driving vehicles, according to multiple media reports.

Finance

Conti Raises Outlook as Earnings Rise 8%

Continental AG’s adjusted earnings before interest and taxes in the first quarter climbed 8% to €1.1 billion ($1.26 billion). Revenue advanced 3% to €9.9 billion ($11.3 billion), but exchange rates cut the adjusted growth to 0.9%. The company has raised its adjusted EBIT margin to 11% from its previous estimate of at least 10.5%. Conti CEO Elmar Degenhart says its automotive operations, which generate 60% of consolidated sales, gained only slightly compared with the first quarter last year.

People

Chinese EV Startup Nabs Tesla Engineering Execs

Future Mobility Corp., a Hong Kong-based startup firm, has hired two Tesla Motor Inc. executives as part of its plans to compete against the electric-car company with its own premium EV, according to media reports.

Mobility

FCA, Google Near Deal on Self-Driving Technology?

Alphabet Inc.’s Google autonomous car program and Fiat Chrysler Automobiles NV are in advanced talks about launching a technology partnership that targets the commercialization of self-driving vehicles, according to multiple media reports.