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The advent of Uber and Lyft marked a shift towards on-demand and shared mobility, and promises to require changes of the game for commuters and carmakers. More and more people realize that vehicles have high up-front costs to own and depreciate swiftly, but they aren't necessarily heavily utilized.The possible on-demand revolution will for sure affect automakers. The analysts acknowledge that the proliferation of on-demand vehicles could ultimately reduce the number of cars on the road in the U.S. by more than 25 million, with population density serving as a key determinant ...
The French PSA Peugeot Citroen is now turning its attention to international growth, and North America is among the first markets being considered. Citroen sold its last car in the United States in 1974, and Peugeot did so in 1991, now they intend to be back.The company's Back in the Race restructuring program has been successfully completed and the next step they planned is to conquer the U.S.market. Citroen's fledgling upscale DS brand could lead the company's export efforts. The DS brand, launched in 2010 and sold in China and Europe, is to Citroen what ...
The biggest U.S. carmaker General Motors raised its 2016 earnings outlook on Jan. 13 Wednesday as it follows up a banner year of U.S. sales with major product launches and touted the benefits of hard-won efficiencies.General Motors has put together a respectable string of sales strategies: 28 consecutive months of growth in commercial vehicle sales to companies.As GM pulls back from less-profitable sales to rental agencies, the company has channeled much of those resources into the more-lucrative business of selling pickups, vans and Chevrolet Malibus and Equinoxes to contractors, landscapers ...
Important job cuts are planned at Volkswagen in Germany. The automaker is to cut about 3,000 office jobs in Germany by the end of 2017. The company strives this way to offset the cost of its emissions test-rigging scandal.The Volkswagen brand has initiated an efficiency program that is affecting all areas, including personnel costs. Costs can be cut by reducing temporary work contracts, filling vacancies internally and making fewer hirings, the spokesman said, declining to be more specific. VW is cutting investment by 1 billion euros ($1.1 billion) in 2016 compared with last yea...
Google's self-driving car team is determined to move further the experimental stage and is now hiring more people with automotive industry expertise. The operation now employs at least 170 workers, many of whom are software and systems engineers. More than 40 of the new employees have previous automotive industry experience with skills in various fields from exterior design to manufacturing. They come from a wide range of companies, including Tesla Motors Inc., Ford Motor Co. and General Motors Co. Data about the workers hired by Google are cited from a&n...
