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Related Special Reports
...Companies such as BMW and Ford enable cars to sync to smartphones, allowing drivers to play music or unlock their vehicle. Eventually, that could extend to autonomous driving controls too....
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...AGM and Q1 trading statement, CME Group Q1, Eni Q1, Ford Motor Company Q1, General Dynamics Q1, Hasbro Q1, Heathrow Q1, Heineken Q1 trading update, Hilton Worldwide Holdings Q1, IBM Q1, Interpublic Q1,...
...Motors and Chrysler-owner Stellantis....
...When it comes to fleet EV sales, General Motors and Ford are for now concentrating more on commercial operators than rental companies....
...Ford and General Motors said on Thursday that they are forging stronger ties with semiconductor manufacturers to improve their supply of electronic chips as the car industry confronts a shortage....
...That matters given Tesla delivers as much hype and drama as it does cars. Consider the huge bump to shares it received from a relatively small potential order from car rental firm Hertz....
...General Motors The US carmaker invested $500m in Lyft in 2016 with hopes of a long-lasting partnership, from letting Lyft drivers lease GM cars to collaborating on autonomous technology....
...The company is also understood to be looking for outside funding to help it develop self-driving cars after rival General Motors recently announced an investment of $2.25bn from SoftBank’s Saudi-backed Vision...
...While General Motors, Volkswagen and Toyota all make around 10m cars a year, each is playing catch-up on long-range, zero-emission vehicles....
...Profits at Morgan Motor Company hit record highs last year after the luxury British sports car maker raised prices and made preparations for a future producing electric vehicles....
...General Motors and Jaguar Land Rover have taken stakes in Lyft, the US rival to Uber. Old rivals are becoming partners in the shift to this new world....
...As the outlook on retail turned negative this year and fewer people made trips to malls, refinancing has been difficult to access, leading to a string of bankruptcies — none louder than that of Toys R Us...
...Ford today announced US new vehicle sales down 8 per cent year-on-year in September to 204,447 units, expected to be the steepest decline for any US automaker last month and strengthening the perception...
...2015, when it paid $950m in cash for US electric motor maker Remy International....
...Overseas companies are moving quickly to evaluate the challenges — and potential opportunities — that a British exit from the EU would bring....
...It isn’t fun.” ————————- Read more Meet the seven robots you need to know Robot writer v human journalist: see the face-off at the FT How has the robot economy triggered a global investment explosion...
...But the cycle and car bits retailer also notes that motor accessory sales remain weak as a result of collapsing sat nav sales....
...But later this year BMW plans to enable Seattle-based owners of its cars to rent them out to others — a service that Ford and General Motors are already engaged in....
...It was because they devoted too little capital to product development that the US’s big three carmakers — General Motors, Ford and Chrysler — failed in the past decade to compete effectively with overseas...
...“It’s not only the most vertically integrated tech company you’ve ever seen. It’s also the most vertically integrated car company since Ford in the 1920s.”...
...Ford and Nissan had stands at the World Mobile Congress. Auto companies are working with tech companies to connect cars to the internet....
...The drive is particularly important as US car sales near their likely peak and worldwide luxury brands scramble to establish positions in the growing Chinese market....
...Last year in the US, for example, the world’s second-biggest car market, electrics and plug-in hybrids accounted for just 0.7 per cent of light vehicle sales....
...Even the way the company sells cars is shaking up the established retail model by shunning the franchise system and keeping sales and service centres in-house....
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