Tag: report

Amazon to use stock awards to keep Zoox workers – report | Automotive Industry News

Amazon plans to create at least US$100m in stock awards to keep the roughly 900 staff of Zoox, the self-driving motor vehicle startup it provided to acquire very last month, and can walk away from the offer if large quantities of them change down career offers from the engineering huge, Reuters noted.

The report noted Amazon, which is aggressively expanding into self-driving engineering, introduced not too long ago it experienced agreed to obtain the Silicon Valley company which was established on an ambitious work to style a absolutely autonomous vehicle from the ground up alternatively than retrofitting existing automobiles for

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Italy approves guarantees for $7.1B loan to Fiat Chrysler, report says

ROME — Italy has accepted a decree offering point out ensures for a six.3-billion-euro ($seven.1 billion) personal loan to Fiat Chrysler Vehicles, a man or woman acquainted with the matter said, paving the way for the biggest disaster personal loan to a European automaker.

The man or woman reported Italy’s audit court had signed off on the decree, in a closing stage of what had been a lengthy and contested method to get the personal loan accepted. The court’s approval follows an earlier endorsement by the economic climate ministry.

“The audit court licensed the decree,” reported a resource, who is

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Nissan planning big cost cuts – report | Automotive Industry News

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Scooter company Bird to lay off 30 percent of staff amid COVID-19 uncertainties, report says

The shorter-phrase future of mobility providers, from ride hailing to shorter-phrase car or truck rentals to scooters, is rocky as some customers quickly stray from use of shared transportation.

Scooter suppliers have been pulling out of numerous markets around the globe as the pandemic proceeds to unfold, which has instigated a needed tightening of operations.

As riders cut down use of these providers less than remain-at-household orders in many markets across the world, some businesses are reducing their fleets or doubling down on cleansing just to remain afloat.

Hen introduced a memo before in March about increasing the day by

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