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Under the partnership agreement, automakers - American Ford Motors and German Volkswagen - intend to invest billions of dollars in the joint development and production of electric and self-driving cars. The acquisition by the German company of the American company Argo, which develops technologies for unmanned driving, in the amount of $500 million and Volkswagen’s planned investment in this startup in the amount of $2.6 billion will allow the two automakers to have equal shares in it. Ford will acquire parts from Volkswagen and will produce more than 600 thousand electric vehicles in Europe in six years, starting in 2023. In addition, both companies will use Argo unmanned driving technology when developing their own cars. The implementation of these plans will contribute to a significant reduction in the cost of automakers.
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
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