Edition:
International

Paul Lienert

Toyota Motor rebrands, expands venture fund to include climate change

Jun 03 2021

Toyota Motor Corp is rebranding its corporate investment arm as Toyota Ventures and adding two early-stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality.

Wejo to go public, deal values auto data startup at $800 million

May 28 2021

DETROIT Auto data startup Wejo, backed by General Motors Co, will go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that values the British company at $800 million including debt, the companies said on Friday.

EXCLUSIVE-Wejo to go public; deal values auto data startup at $800 mln -sources

May 28 2021

DETROIT, May 28 Auto data startup Wejo on Friday will announce plans to go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that values the British company at $800 million including debt, people familiar with the plans said.

Exclusive: Ford follows GM, VW with two new dedicated EV platforms by 2025 - sources

May 25 2021

DETROIT Ford Motor Co will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co, Volkswagen AG and Tesla Inc in the global electrification race, sources familiar with Ford's plans said.

No pain, no gain for big funds hunting the next Tesla

May 19 2021

Place your bets! The race to find the next Tesla is on but the search is turning up plenty of clunkers as well as potential superstars.

GM CEO Barra's pay rose to $23.7 million in 2020

Apr 30 2021

DETROIT General Motors Co's chief executive officer, Mary Barra, received a compensation package worth $23.7 million in 2020, 9.4% more than the previous year, according to the U.S. automaker’s proxy statement released on Friday.

Ford says chip shortage to halve second-quarter vehicle output, but could ease this summer

Apr 28 2021

DETROIT Ford Motor Co on Wednesday said it expects a global semiconductor shortage could ease this summer but may not be fully resolved until 2022, as the automaker reported a strong first-quarter profit but said the shortage may slash second-quarter production by half.

UPDATE 3-RPT-Ford says chip shortage to slash Q2 vehicle production in half

Apr 28 2021

April 28 Ford Motor Co on Wednesday reported a strong quarterly profit, but warned that the global semiconductor chip shortage will slash production in the second quarter by 50%, before bottoming out and then improving through the year.

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