Ford’s strategy is woven around consumer feedback and the growing demand for autonomous automated vehicles. Jim Hackett, Ford’s CEO, revealed that the firm is reviewing its product portfolio since consumers have shown a preference for SUVs which have fuel efficiencies closer to sedans. At a Ford event in Detroit, Hackett said although in the past…
Aramco’s IPO is central to Saudi Arabia’s strategic plan on diversifying its economy. On Monday, the CEO of Saudi Arabia’s Aramco disclosed that it plans on spending around $300 billion over ten years in upstream oil and gas projects. “This is mainly upstream, onshore, offshore and joint ventures in the kingdom and out of the…
With the explosion of interest in self-driving technology, carmakers are scrambling to corner market share. As per a senior executive from the company, Ford Motor Co is considering to deploy self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to deploy this strategy on autonomous vehicles on the road. “We’ve been…
With Elon Musk focused on ramping up production for the Model 3, he has now to deal with the prospects of increased wages at Tesla Grohmann Automation. According to source familiar with the matter at hand, Klaus Grohmann was ejected from Tesla over a clash of strategy with Tesla’s Chief Executive, Elon Musk on Grohmann,…
LeEco’s rapid expansion has cost it dearly. The company is downsizing in all of its key market, including, India, U.S. and China. Chinese company LeEco which wanted to be the next Apple in the tech world is set to tone down its dream with the company deciding to sell its 49 acres property where it…
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