Business

Uber Halts Services at California Airport

August 13, 2019 at 4:48 PM

Ride-hailing giant Uber Technologies Inc. plans to stop offering service to and from Ontario International Airport near Los Angeles next month due to escalating fees.

Malaysia Rekindles Plan for Domestic Carmaker

August 13, 2019 at 12:30 AM

Malaysia again hopes to establish a new national car brand, this time through a partnership with Toyota’s Daihatsu Motor Co. unit.

Austria’s AMS Offers €3.7 Billion to Buy Osram

August 12, 2019 at 1:51 PM

AMS AG, an Austrian maker of high-tech sensors, has upped its bid for Osram Light AG to €3.7 billion ($4.2 billion).

SsangYong to Reorganize, Trim Senior Staff

August 08, 2019 at 1:40 PM

South Korea’s SsangYong Motor Co. tells employees it will restructure in September and reduce its senior staff in February in a sweeping cost-cutting initiative that includes executive salary cuts.

Report: Dongfeng Motor May Sell PSA Stake

August 07, 2019 at 5:32 PM

Dongfeng Motor Group reportedly is pondering the sale of some or all of its €2.2 billion ($2.5 billion) stake in PSA Group.

DiDi Chuxing Spins Off Robotic-Car Unit

August 05, 2019 at 11:38 AM

Chinese ride-hailing giant DiDi Chuxing Technology Co. has set up its autonomous driving operations as a separate company in a bid to bolster investment in the unit.

Report: Renault, Nissan in Talks that Could Revive FCA Merger

August 05, 2019 at 12:22 AM

Renault and Nissan are discussing ways to rebalance their 20-year-old alliance. A solution could revive merger talks between Renault and Fiat Chrysler Automobiles.

Nidec, GAC Form Joint Venture for EV Motors

August 01, 2019 at 11:05 AM

Japan’s Nidec Corp. is forming a joint venture with China’s GAC Components Co. to provide propulsion motors to Guangzhou Automobile Group for future electric vehicles.

Vision Software Developer Lands Investors

August 01, 2019 at 10:15 AM

Recogni Inc., a Silicon Valley-based developer of high-speed sensor fusion processors for autonomous vehicles, has attracted $25 million in Series A funding.

FCA Remains Open to Merger Options

July 31, 2019 at 5:09 PM

Fiat Chrysler Automobiles CEO Mike Manley tells analysts the company remains open to revive merger talks with Renault or begin them with another partner.

Ford Buys Software Developer Journey Holding

July 31, 2019 at 1:36 PM

Ford Motor Co. is buying Journey Holding Corp., a developer of vehicle location and other services for “smart” transport systems.

Equity Group Buys J.D. Power

July 31, 2019 at 8:59 AM

Thoma Bravo LLC, a private equity firm with offices in Chicago and San Francisco, has agreed to buy quality survey specialist J.D. Power from Xio Group.