Month: July 2023

Passenger vehicles today are more than a mechanical means to move people from Point A to Point B. They have evolved into a new species: powerful computational devices that are truly mobile. The sophisticated technology at the heart of modern vehicles, including hardware, software, data and machine learning, has sparked nothing less than a second
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There’s a little Kansas liberal arts school in a town of 14,000 that has an endowment that could make some Silicon Valley scenesters blush. Would you believe $1.5 billion? Yes, you read that right. How does McPherson College do it? As Hagerty tells it, a benefactor who wishes to remain anonymous promised that (s)he would donate $500 million
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UAW President Shawn Fain this month criticized Stellantis CEO Carlos Tavares for not attending the opening of contract negotiations that he calls “the most critical set of bargaining in this company and our workers’ history.” Tavares on Wednesday defended his absence, saying he doesn’t need to be everywhere and has a “very powerful leadership team
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Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing local brands, at [an] attractive
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BERLIN — Mercedes-Benz forecasts a subdued world economy with monetary policy weighing on consumers but said supply-chain issues and energy-price pressures were easing, as it raised its group earnings outlook for the full year. The automaker said in statements issued on Thursday that inventory was building up as a result of the roll-out of its
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As the nation transitions to electric transportation, fires have shadowed new technology — from the scrappiest e-bikes to the fanciest Teslas. Fires are an additional challenge for the electro-mobility industry, which already faces cost concerns and infrastructure issues. Not only are these high-profile blazes claiming lives, they risk turning electric progress to ash. In April
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TOKYO – Nissan has agreed to invest up to 600 million euros ($663 million) in Renault’s electric vehicle spinoff Ampere under a finalized deal to restructure the companies’ longstanding alliance. In announcing the rebalanced partnership in a statement on Wednesday, Renault and Nissan said they plan to complete the “definitive agreements” in the fourth quarter of
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Stellantis posted better-than-expected earnings in the first half as supply-chain problems eased and higher shipments helped to lift profits.  The automaker on Wednesday reported an adjusted operating income margin of 14.4 percent, beating the 12.2 percent predicted by analysts. Adjusted earnings before interest and tax (EBIT) were 14.1 billion euros ($15.6 billion). The first-half 14.4
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