Business

Ford Buys Software Developer for Military Robots

July 30, 2019 at 9:35 AM

Ford Motor Co. has acquired Quantum Signal AI, a developer of software for robots used in military applications, to help launch robo-taxis and autonomous delivery vehicles by 2021.

Uber Sheds One-Third of Its Marketing Team

July 30, 2019 at 1:18 AM

Uber Technologies Inc. says it laid off off 400 of its 1,200 global marketing staff yesterday to cut costs and simplify operations.

BP Forms Ethanol JV in Brazil

July 29, 2019 at 10:29 AM

Oil and gas giant BP plc and New York-based agricultural commodities business Bunge Ltd. are combing their ethanol and sugar operations in Brazil.

Guangxi Yuchai to Supply New-Energy Powertrains to Foton

July 29, 2019 at 9:30 AM

Guangxi Yuchai Machinery Co. Ltd. has agreed to supply China’s Foton Motor Group with next-generation gasoline, diesel and natural gas engines, electrified powertrains and fuel cell systems.

Nissan Job Cuts: 1,700 in India, 1,400 in U.S.

July 26, 2019 at 5:11 PM

The 25,000 jobs Nissan Motor Co. plans to eliminate 1,700 jobs in India and 1,420 in the U.S., The Nikkei reports.

Magna, BAIC Finalize China EV Partnership

July 25, 2019 at 11:01 AM

Magna International Inc. and China’s BAIC Group (Beijing Automotive Industry Holding Co.) have agreed on a framework for the electric vehicle joint venture they announced last summer.

Report: Dodge to Drop Grand Caravan Sooner

July 24, 2019 at 2:20 PM

Fiat Chrysler Automobiles NV will stop making the Dodge Grand Caravan minivan next May, seven months earlier than previously planned, says AutoForecast Solutions.

Velodyne Buys Mapping Tech Startup

July 24, 2019 at 8:34 AM

Velodyne Lidar Inc. has acquired Mapper.ai, a 3-year-old San Francisco-based startup that specializes in mapping and localization software.

Report: Nissan to Cut 10,000+ Jobs Worldwide

July 23, 2019 at 5:52 PM

Nissan Motor Co. intends to eliminate more than 10,000 jobs in an effort to improve its sagging profits, company sources tell Kyodo News.

Chinese EV Startup Postpones U.S. Launch Plans

July 23, 2019 at 9:54 AM

Chongqing Sokon Industry Group’s Seres electric vehicle unit is delaying next year’s planned U.S. launch of its SF5 SUV/crossover vehicle.

Ford Scrambles to Revive Sales in China

July 22, 2019 at 2:12 PM

Ford Motor Co. is rushing to reverse marketing miscues and aging products in China to reverse an alarming sales slump, says The Wall Street Journal.

Turo Lands $250 Million in New Funding

July 19, 2019 at 2:43 PM

InterActiveCorp is investing $250 million in Turo Inc., a San Francisco-based peer-to-peer car-sharing company.