Fiat Said to Weigh Robotics Unit Sale for Up to $2.3 Billion
Fiat Chrysler Automobiles NV is considering options for its robotics arm, Comau, including a potential sale at a value of 1.5 billion euros to 2 billion euros ($1.7 billion to $2.3 billion), sources familiar with the matter said. The shares rose the most since July.
November 26, 2018TT Podcasts: RoadSigns
Volvo's Chayene de Souza and Magnus Gustafson discuss how new, connected trucks can boost business, enhance safety practices, and reinforce preventative maintenance plans.
GM to Lay Off Nearly 15,000 Workers
DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
November 26, 2018Volvo Launches Transport Service Using Fully Autonomous Trucks
Volvo Trucks announced it has signed a “landmark” agreement in Norway with mining company Bronnoy Kalk AS that calls for the truck maker to haul commercial loads of quarried limestone across mine property using six fully autonomous heavy-duty trucks.
November 21, 2018Driver-Assist Systems Don’t Always Work, AAA Tests Show
DETROIT — Testing by AAA shows that electronic driver-assist systems on the road today may not keep vehicles in their lanes or spot stationary objects in time to avoid a crash.
November 16, 2018Musk to Prowl Production Lines in Push for Model 3 Milestone
Tesla CEO Elon Musk says he will walk the entire Model 3 production line Nov. 27-28. From battery cells to finished vehicles, all assembly areas need to be able to support making 1,000 cars per day, he said.
November 16, 2018VW to Invest $50 Billion in Autonomous, Electric Cars
FRANKFURT, Germany — Automaker Volkswagen says it will invest $50 billion (44 billion euros) in developing autonomous and electric cars and expand the appeal of battery-powered cars by selling its upcoming ID compact for about what a diesel-powered Golf costs.
November 16, 2018Turvo Raises $60 Million in Series B Funding
Turvo, a collaborative logistics platform, announced Nov. 8 it had raised $60 million in Series B funding.
November 15, 2018Senate Leader McConnell Looks to Avoid Government Shutdown Before Dec. 7 Deadline
Senate Republicans will look to avoid a partial shutdown of the federal government, the leader of the chamber told reporters on Nov. 14.
November 15, 2018Ruckit Unveils Platform for Heavy Construction, Bulk Materials Industry
Transportation software service provider Ruckit has announced a collaborative logistics platform for bulk-materials producers, trucking companies and general contractors.
November 15, 2018Ford, Walmart to Test Self-Driving Grocery Delivery Service
Ford Motor Co. is teaming with Walmart Inc., the world’s largest retailer, to lay the groundwork for a driverless grocery delivery service.
November 14, 2018