Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | G.M.’s President Will Take Over Its Self-Driving Effort Supported by ByNeal E. Boudette Nov. 29, 2018 General Motors said Thursday that its president, Dan Ammann, would take on a new role as chief executive of Cruise, the G.M. division working to develop and commercialize self-driving cars. The Cruise unit was formed when G.M. acquired Cruise Automation, a San Francisco-based start-up, for more than $1 billion in 2016, a deal spearheaded by Mr. Ammann. G.M. is counting on Cruise to produce completely autonomous cars, with no steering wheels or pedals, that can be used in driverless taxi and delivery services. Other automakers and technology companies — including Ford Motor Company and Waymo, the self-driving company that is owned by Google’s parent, Alphabet — are working on … [Read more...] about G.M.’s President Will Take Over Its Self-Driving Effort
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Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByNeal E. Boudette Oct. 3, 2018 Honda is teaming up with General Motors in the race to develop fully autonomous vehicles. The Japanese automaker has agreed to purchase a $750 million stake in Cruise, G.M.’s autonomous vehicles unit, and contribute $2 billion to the project over the next 12 years. “Together we can provide Cruise with the world’s best design, engineering and manufacturing expertise and global reach to establish them as the leader in autonomous vehicle technology,” G.M.’s chief executive, Mary T. Barra, said in a statement. Earlier this year SoftBank, the Japanese technology and investment firm, invested $2.25 billion in Cruise. As part of that deal, G.M. said it would put an additional $1.1 billion of its own money into the unit, which is … [Read more...] about Honda to Invest in Cruise, G.M.’s Venture in Self-Driving Cars
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by Wheels ByJamie Lincoln Kitman Sept. 6, 2018 MONTEREY, Calif. — No less an authority on the subject of breathtaking automobiles than Enzo Ferrari described Jaguar’s E-Type after its debut at the 1961 Geneva Motor Show as the most beautiful car in the world. Almost 60 years later, that assessment still rings true. An incredible tribute to its enduring design and fashion, this observation explains the E-Type’s growing value as an investment and the decision by Jaguar Land Rover to restore and resell them to wealthy collectors through its recently established Classics division. But Jaguar is not content to merely revive E-Types to their former glory — the company is offering to retrofit them as fully electric machines: the E-Type Zero. A glimpse of the famed sports … [Read more...] about Jaguar’s Electric E-Type Marries ’60s Sex Appeal and Tomorrow’s Tech
Page 1 Created with Sketch. With Andrew Ross Sorkin Supported by MAY 4, 2018 Continue reading the main story Share This Page Continue reading the main story May the Fourth be with you. On the calendar: Tomorrow is Buffettpalooza, also known as Berkshire Hathaway’s annual shareholder meeting. (Livestream it here.) It’s also the Kentucky Derby, and Michael’s pick is Good Magic. Some links require subscriptions.Federal judge to Jay-Z: Can I get a court appearance?The man born Shawn Carter hasn’t responded to subpoenas from the S.E.C. tied to its investigation of Iconix Brand Group. Iconix bought Rocawear, which he co-founded, for $200 million.Why the S.E.C. is interested, according to its statement:“In March 2016, Iconix publicly announced a $169 million write down of Rocawear, and in March of this year, Iconix announced a further write down of $34 million. The S.E.C.’s application states that … [Read more...] about DealBook Briefing: Jay-Z Has 99 Problems. The S.E.C. Is One.
Sections SEARCH Skip to content Skip to site index Subscribe Log In After more than 1,100 people were killed in the horrific building collapse, hundreds of factories in Bangladesh were shuttered. Five years later, the garment industry looks set to return to business as usual. 28-year-old Shila Begum is a former sewing machine operator for Ither Tex Ltd., the fifth-floor tenant. Credit Clara Vannucci for The New York Times Supported by ByDana Thomas April 24, 2018 BANGLADESH — Mahmudul Hassan Hridoy, a sweet-natured, soft-spoken 32-year-old, walks with a crutch and suffers from terrible headaches. Sometimes at night he pulls his hair out while he sleeps. His is single, though he has been married; his wife left him when he was in an accident and permanently injured. He owns a small pharmacy, and, once a month, he holds meetings there. Not for recovering addicts: for survivors of the Rana Plaza factory collapse, like him. Shiuli Begum, … [Read more...] about Why Won’t We Learn from the Survivors of the Rana Plaza Disaster?