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Volkswagen’s CARIZON, a joint venture between its software subsidiary Cariad and China’s Horizon Robotics, has developed the carmaker’s first in-house automated driving system.
The rule is part of a push to tighten safety regulations after a fatal crash involving a Xiaomi car in which the driver had been using an advanced driving assistance system (ADAS).
The acquisition is a key step in Comau's growth strategy, CEO Pietro Gorlier said. Stellantis has a 49.9 percent stake in Comau.
Ford’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year.
The acquisition of FreeNow will open doors to major European cities as Lyft comes under pressure from rival Uber in its home North American market.
Stellantis Chairman John Elkann described current auto industry conditions as "extreme" and called for the U.S. and Europe to take urgent action to ensure an "orderly transition," with their combined markets set to be overtaken for the first time by China.
The automaker has short-listed two internal candidates and has also interviewed three external candidates, people familiar with the matter said.
Honda plans to increase U.S. vehicle production by as much as 30 percent over two to three years in response to U.S. tariffs, Japan's Nikkei reported.
Stellantis launched a recall campaign for Takata airbags affecting hundreds of thousands of Citroen C3 and DS 3 models made between 2009 and 2019.
The U.S. Senate confirmed President Donald Trump’s pick for the third Republican commissioner on the U.S. Federal Trade Commission.
