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Earlier today, US Commerce Secretary Wilbur Ross once again hinted at President Donald Trump’s willingness to impose auto tariffs on Europe. While talking to CNBC, Ross said that he is positive about a US-Europe trade deal.
The European Union is looking to catch up with Asian battery producers after years of neglecting the lack of local energy storage production capacity
Large automakers such as GM, Nissan and Volkswagen are falling behind in the EV race as they are competing with more experienced Chinese EV producers
How Foreign Automakers' US Sales Looked in February(Continued from Prior Part)US auto sales in February 2019In this series so far, we have looked at February 2019 US vehicle sales of auto giants (IYK) including Fiat Chrysler (FCAU), Honda (HMC), and
How Foreign Automakers' US Sales Looked in February(Continued from Prior Part)Ratings on foreign automakers According to Reuters, 22% of 23 analysts covering Fiat Chrysler Automobiles (FCAU) stock gave it “buy” ratings. By comparison, about 73%
Microsoft (MSFT) and LG announce partnership at CES 2019. Azure cloud platform and AI potency of the tech giant will enable LG to ramp up its ADAS projects.
According to data compiled by MarkLines Data Center, Toyota (TM), the largest Japanese automaker, reported a solid YoY (year-over-year) increase of 23.8% in its Chinese sales to ~135,700 vehicle units in November. The data were better than Ford’s 55% YoY decline in Chinese sales in November to 52,434 units, which we discussed in the previous two parts of this series. In October, Toyota’s Chinese market sales rose 19.5% YoY to ~134,600 units.
In this series so far, we’ve looked at the November US vehicle sales of key auto giants (IYK) Fiat Chrysler Automobiles (FCAU), Honda Motor Company (HMC), and Toyota Motor (TM). While Italian-American automaker Fiat Chrysler reported a solid YoY (year-over-year) rise in its US sales last month, Japanese automakers Toyota and Honda registered weakness.
With tariffs likely to go down in the near future, U.S. automakers will gain access to a market which holds the key to the industry's future.
It's no surprise that AI technology is slowly taking over all aspects of daily life, all around the world. According to The Guardian, almost 80 million jobs in the United States could be automated within the next decade.
Broadcom (AVGO) & Volkswagen have agreed to settle patent lawsuit outside court, as revealed by a source to Reuters. Broadcom had claimed 1 billion euros from Volkswagen for infringing on its 18 patents.