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Fiat Chrysler still mulling industry consolidation

Fiat Chrysler still mulling industry consolidation

During the recent conference call on first quarter earnings, the Fiat Chrysler officials reiterated their pledge for deeper cooperation among the major players in the auto industry, in a bid to bring more industry consolidation. Fiat Chrysler Automobiles chief executive officer Sergio Marchionne has reiterated its long-running idea that the […]

Daimler chief believes technology companies will not become automakers

Daimler chief believes technology companies will not become automakers

According to the leader of the German luxury automaker, although numerous technology companies – such as Google – are increasingly involved in the automotive industry, they are unlikely to become true mass-market carmakers. The automotive industry has become increasingly focused on software and the emergence of autonomous driving, with numerous […]

Report – From investor, Google could turn out as rival for Uber’s car-sharing service

Report – From investor, Google could turn out as rival for Uber’s car-sharing service

Uber Technologies, the largest technology startup implicated in the developing segment of ride-sharing service applications, faces a growing number of threats, from regulatory scrutiny, litigious drivers and well-funded rivals to upfront opposition from taxi and limo service providers. But, according to a recent report, one of the largest threats could […]