Category: automotive industry
Ford to offer COVID-19 testing for symptomatic workers as part of reopening plan
Ford said Saturday it will test hourly and salaried employees with suspected COVID-19 symptoms in four metro areas where it has major operations as it prepares to reopen facilities this month. The automaker is expected to resume production and some operations at its North America facilities May 18. Aside from…
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Fiat Chrysler and AV startup Voyage partner on self-driving minivans
Self-driving vehicle startup Voyage said Monday that it has inked a deal with Fiat Chrysler to supply purpose-built vehicles, a partnership that will help accelerate its plan to launch a fully driverless ride-hailing service. Voyage, a three-year-old startup that tests and operates a self-driving vehicle service (with human safety operators)…
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Volvo to use Luminar’s lidar in production vehicles to unlock automated driving on highways
Volvo Cars will start producing vehicles in 2020 that are equipped with lidar and a perception stack — technology developed by Silicon Valley startup Luminar that the automaker will use to deploy an automated driving system for highways. For now, the lidar will be part of a hardware package that…
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Tesla turns Q1 profit on cost reductions, rising car margins, credits
Tesla reported Wednesday that it earned $16 million and generated $5.985 billion in revenue in the first quarter, results buoyed by improved automotive margins and reductions in operating expenses. Tesla’s first quarter earnings were lower than the previous period as the COVID-19 pandemic disrupted operations and dampened sales. But the…
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EV startup Nio secures $1 billion investment from China entities
Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic development hotspot and giving up a stake in one of its business units. The injection of capital comes from several investors, including…
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Polestar’s first all-electric vehicle will start at $59,900 in the U.S.
Polestar, the electric performance brand spun out of Volvo, said the base price of its first all-electric vehicle will be $59,900 in the United States, lower than originally targeted. The 2021 Polestar 2, an electric performance fastback, is the first EV to come out of a brand that was relaunched three…
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