Category: automotive industry
TuSimple partners with supplier ZF to mass produce self-driving truck tech
Self-driving truck startup TuSimple is partnering with automotive supplier ZF to develop and produce autonomous vehicle technology, such as sensors, on a commercial scale. The partnership, slated to begin in April, will cover China, Europe and North America. The two companies will co-develop sensors needed in autonomous vehicle technology such…
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Major automakers Toyota, Honda, FCA extend factory closures
Toyota, Honda and Fiat Chrysler Automobiles will not reopen North American factories at the end of the month as planned, as the COVID-19 disease spreads and dampens demand for new cars, trucks and SUVs. FCA said Thursday that plants across the U.S. and Canada, as well as headquarters operations and…
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Stocks rise after mixed day, with tech leading and SaaS outperforming
The wild ride that has been U.S. stock market over the past couple of weeks may be settling down — at least for the moment — from the whiplash-like swings that helped set global markets on edge. The new economic normal that the pandemic has brought to countries across the world…
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Ford temporarily suspends production in North American factories
Ford said Wednesday it will temporarily suspend production at its North American factories through March 30 in response to COVID-19, the disease caused by coronavirus. “We’re continuing to work closely with union leaders, especially the United Auto Workers, to find ways to help keep our workforce healthy and safe —…
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Honda to shut down North American factories for six days
Honda said Wednesday it will shutter all of its North American factories for six days due to an expected decline in the market related to the economic fallout from the spread of COVID-19, a disease caused by coronavirus. The stoppage will affect about 27,600 Honda employees in North America, all…
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BMW axes plans to bring electric iX3 SUV to US
BMW will not bring the iX3, the automaker’s first electric crossover, to the U.S., the latest automaker to shift its EV strategy to Europe and China. BMW told Automotive News, the first media outlet to report the change, that at this time, it doesn’t have plans to bring iX3 to…
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