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Product Launches Hammer FCA’s Q1 Earnings

Product Launches Hammer FCA’s Q1 Earnings

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent. The automaker attributed the decline to the normal production challenges related to an array of new product launches...
Amazon Becoming Lead Investor in Rivian

Amazon Becoming Lead Investor in Rivian

Just a week after announcing a major investment in an autonomous vehicle development company, online retailer Amazon said Friday it will become the lead investor in a new, $700 million round of financing for Rivian, the Detroit-based battery-electric company. Rivian...
Waymo to Build Self-Driving Cars in Michigan

Waymo to Build Self-Driving Cars in Michigan

More and more automakers looking to develop their autonomous vehicles are finding their way to Michigan, and now add Waymo to the list. The Google spinoff plans to produce robot cars at a to-be-determined location in southeast Michigan. The company has been testing...
Waymo Kicks Off Autonomous Taxi and Ride Sharing Service

Waymo Kicks Off Autonomous Taxi and Ride Sharing Service

Self-driving ride-sharing service is here. Well, it’s in Arizona, technically, but the day that Uber, Lyft and others have waiting for has arrived with the debut of Waymo One, Waymo’s autonomous taxi and ride-sharing service. The service operates in a 100-square-mile...
Tesla Under Assault as Wave of New EVs Come to Market

Tesla Under Assault as Wave of New EVs Come to Market

Its been a rocky road for Tesla during the past year, the automaker struggling to get production of its critical Model 3 under control. But just as the factory in Fremont, California, gets into gear, Tesla is facing a new problem that could prove equally challenging....