The S&P 500 Index (SNPINDEX: ^GSPC) gained nearly 1.7% on Oct. 12, a huge day for the index that makes up some 80% of the entire U.S. stock market’s value. With the exception of materials, every sector closed higher today, but tech did the heavy lifting. The Technology Select Sector SPDR ETF gained 3%. Apple (NASDAQ: AAPL) gained 6.2% today, while Amazon.com (NASDAQ: AMZN) closed up 4.5% and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Facebook (NASDAQ: FB), picked up 4%. Combined, that’s $7.4 trillion in market cap gaining more than 4.5% on average.
Why the big day? A combination of factors, including Wall Street analyst upgrades, optimism that Congress could reach a deal on stimulus, and high hopes as earnings season gets under way — not to mention a couple of big events coming up for Apple and Amazon. Shares of auto giant Ford (NYSE: F) joined Apple in
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Oct 08, 2020 (Market Insight Reports) —
The global Autonomous Car Technology Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Autonomous Car Technology market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2026.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Autonomous Car Technology market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Autonomous Car Technology industry and provides data for making strategies to increase
For outsiders it is usually very difficult or even impossible to determine the value of a company. Especially when it is not based on sales or profits, as in the case of MicroVision (NASDAQ:MVIS), but on intellectual property (patents) and existing technology that will be used in future products. In the case of MicroVision, however, it is essential for shareholders to know the valuation, as the company or parts of it are currently up for sale. In other words, it is important to know the amount a buyer is likely to pay before the sale. The only thing that helps here is to compare the company’s products with those of its competitors. Once this has been done, the company’s valuation can then be derived from the valuations of comparable competing companies. This is what this article tries to do for MicroVision, initially only for the Automotive LiDAR division, i.e.
New Ford CEO Jim Farley’s plan for the automaker includes a heavy dose of software and services for its commercial vehicle business as well as new consumer experiences to drive loyalty.
Ford, which is in the middle of a turnaround of its core business, is trying to navigate a shift to electric vehicles, autonomous vehicles as well as an industry that is increasingly more about software. Farley takes over for Jim Hackett, who streamlined the automaker over the last three years.
Farley outlined a series of leadership changes and a plan that includes “expanding its commercial vehicle business with a suite of software services that drive loyalty and recurring revenue streams” and “unleashing technology and software in ways that set Ford apart from competitors.”
In addition, Ford is looking to develop connected vehicles and create new businesses from the Argo AI self-driving system.
Ford Motor Company has issued a recall of more than 700,000 of its vehicles in North America following an issue with their rearview cameras, which can suddenly go dark or show distorted images.
The recall applies to most 2020 versions of Ford’s F-Series trucks, the 2020 Explorer, Mustang, Transit, Expedition, Escape, Ranger and Edge, as well as the Lincoln Nautilus and Corsair, the Associated Press (AP) reported.
The company is unaware of any crashes or injuries caused by the latest issue, AP reported.
The problem was said to be caused by a poor electrical connection, the company noted in documents posted Wednesday by the National Highway Traffic Safety Administration (NHTSA).
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The recall will begin on November 7 and all dealers will replace the rearview cameras at no cost to car owners.
To see if your vehicle is being recalled, enter its Vehicle Identification Number (VIN) at
Exro Technologies is pleased to announce Julie (McCoy) Wurmlinger to the Board of Directors
Retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC Technical Consulting joins Exro Board of Directors
Possesses decades of experience in the automotive industry
Committed to accelerating commercialization of Exro’s technology into global powertrain sectors and automotive applications
CALGARY, AB / ACCESSWIRE / September 29, 2020 / Exro Technologies Inc. (TSXV:EXRO)(OTCQB:EXROF), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce that Julie (McCoy) Wurmlinger, an accomplished engineering leader in the automotive industry, has joined the Exro Board of Directors (“Board of Directors”).
As a retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC, with more than 30 years of experience, Ms. Wurmlinger brings a global perspective to innovation and product development in the
Ford has slashed the price of its upcoming all-electric Mustang Mach-E crossover by as much as $3,000 as the automaker seeks to stay competitive in an increasingly crowded and unsettled sector of the automotive market.
The price reductions, which were shared with dealerships and then posted Tuesday on the Mach-E Club owners’ forum, will be provided to everyone, including customers who already reserved a vehicle. TechCrunch confirmed the document with Ford.
Customers with existing reservations have until mid-October to make changes to their orders in light of the price change. The first Mustang Mach-E vehicles are expected to be delivered by the end of the year.
“Exceptional value has always been a hallmark of the Mustang brand. In addition to its great all-electric driving range and performance, we’re adjusting Mustang Mach-E pricing to remain fully competitive in a segment that is seeing dynamic price changes,” Ford said on the pricing
At 2020 Auto China, Ford has a sculpture that previews its future design language. The company calls the look “Progressive Energy In Strength.”
The sculpture depicts a vehicle in profile that tapers to a point at the back. The front end is muscular and wouldn’t appear too out of place on a new interpretation of the Mustang. The long hood flows back to a sleek, cockpit-like passenger compartment. Its teardrop shape creates the flowing line that creates the roof and leads to the rear.
A fascinating aspect is the fin-like shape along the rear flank. It somewhat evokes the styling of cars from the 1950s and early ’60s where big fins are a major styling element. Maybe Ford is looking to revive a little of this aesthetic.
As the electric-vehicle opportunity has evolved for startups and established automakers, it’s become clear that an overall strategy is as important — if not more so — than getting cars to market.
Tesla, GM, and Ford have each made moves recently that showcase their distinctive EV strategies.
In a nutshell: GM is developing an operating system for EVs, Ford is leveraging its icons, and Tesla continues to turn buzz into billions.
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The biggest mistake that auto-industry analysts and observers have made in the relatively short history of the modern electric car is to assume the consumer is all that matters. Demand, the flawed argument went, would bring buyers into the market and enable EV sales to explode. Competition would follow, and Tesla’s first-mover advantage would erode.
That hasn’t happened. EV sales remain a tiny percentage of annual, worldwide totals, a disappointment to electrification