Ford’s decision to oust its CEO is the latest sign of how Silicon Valley technology firms are shaking the foundation of the American auto industry. The removal of Mark Fields after just three years at the helm — and his replacement by an auto industry outsider — followed a precipitous decline in Ford shares, amid … Read more
The move by US auto giant General Motors to offload money-losing European brand Opel marks its latest effort to focus on more profitable markets and autonomous driving technology. The largest US automaker announced Monday the sale of European brands Opel and Vauxhall to French automaker PSA for 1.3 billion euros ($1.4 billion), pulling away from … Read more
A representative of Tesla introduces an automated assistance driving system during a release ceremony of world leading internet scientific and technological achievements at the 3rd World Internet Conference in Wuzhen, East China’s Zhejiang province, Nov 16, 2016. [Photo/Xinhua] Fifteen of the latest digital inventions, ranging from Tesla’s autonomous vehicle to a new generation of semi-conductors, … Read more