5g Connectivity

"These are new growth initiatives that could create a lot of value for the company," Farley told Reuters, after Ford announced that he will succeed Jim Hackett as the automaker's fourth CEO since 2014. In addition to Ford's work on self-driving vehicles, "these are concrete areas that will change Ford," Farley said. In the meantime, Farley, 58, must wrestle with a painful restructuring of Ford's global operations amid the ravages of the coronavirus crisis that has saddled the No. 2 U.S. automa

President Donald Trump on Thursday opened the door to a radical shift in the U.S. government's relationship to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies. The White House did not immediately respond when asked if purchasing shares in battered companies was really under consideration.

BMW is keen to find additional partners for the mobility services venture it runs with rival carmaker Daimler , BMW's new chief executive told a Sunday newspaper. "We would like to welcome additional partners in this area, which has great future potential," BMW boss Oliver Zipse told Frankfurter Allgemeine Sonntagszeitung (FAS) in an interview. Collaborations as well as a financial investments were options for any future partners, he said, adding that customers want a wide

Uber, Lyft and DoorDash threatened Thursday to spend $90 million on a California ballot measure if they can't reach a deal with unions and lawmakers on legislation that would change the rights of their drivers and other so-called gig workers. "We remain focused on reaching a deal, and are confident about bringing this issue to the voters if necessary," Adrian Durbin, senior director of communications at Lyft, said in a statement. The companies' team-up comes as California lawma

BEIJING/HONG KONG (Reuters) - Segway-Ninebot Group, a Beijing-based electric scooter maker, on Friday unveiled a scooter that can return itself to charging stations without a driver, a potential boon for the burgeoning scooter-sharing industry. Ninebot said Uber and Lyft , the ride-hailing giants that are expanding into scooter-sharing, would be among the customers for the new semi-autonomous vehicles that are expected to hit roads early next year. Gao Lufeng, Ninebot chairman