Thursday, 27 February, 2020

IPhone Manufacturer Wades Into Electric Cars With Fiat Venture

IPhone Manufacturer Wades Into Electric Cars With Fiat Venture Fiat Chrysler planning to make electric cars with iPhone manufacturer
Noel Elliott | 20 January, 2020, 00:30

According to the parties, the plan would be for Foxconn to develop the electronic systems and manage the supply chain while Fiat Chrysler oversees vehicle manufacturing, Automotive News reported.

Hon Hai is the parent of Foxconn, the Chinese assembler of Apple iPhones.

Intesa Sanpaolo analyst Monica Bosio described the possible deal as "positive", though it was not expected to have a significant impact on FCA fundamentals in 2020 and 2021.

FCA last month reached a binding agreement for a $50 billion (38 billion pounds) tie-up with France's PSA that will create the world's No. 4 carmaker.

According to Nikkei, the Taiwanese company wants to diversify away from consumer technology as the sale of smartphones cools, and sees electric vehicles account for 10 percent of its overall sales.

However, it added there was no assurance that final binding agreements would be reached or would be completed in that timeframe.

Google Play Store will no longer show notifications for updated apps
Google has provided this helpful guide on how to set up one's phone's built-in security key and use it. Smart Lock is a form of two-factor authentication.

The company could give FCA a better way to capture more business in China, the world's largest electric vehicle market.

Mercedes Benz of Daimler AG has joint ventures for electric vehicles with BYD Auto, one of the world's largest manufacturers of battery-powered vehicles, and its competitor Geely Holding, best known overseas as the owner of Swedish Volvo Cars. Initially, EVs made by this new pairing will be targeted at the Chinese market, but exports may be considered further down the track. And Foxconn is also an investor in XPeng Motors, the Chinese electric vehicle startup that recently raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor. He did insist, however, that the iPhone manufacturer will not get into auto assembly.

"The Indian market has great potential, rapid economic growth and a good investment environment".

The Chinese government has a credit-based system that encourages auto manufacturers to sell electric vehicles, leading to an increase in brands.

Chinese automakers are accelerating plans to build cars in India to combat slowing sales at home and have been encouraged by the initial success of rival SAIC Motor in the country, sources have told Reuters.

Read Also: VW Announces China-Specific ID.

Recommended

CDC begins ‘enhanced’ health screenings at 3 airports due to China virus CDC begins ‘enhanced’ health screenings at 3 airports due to China virus If the reported infections are confirmed, they would be the first cases of the disease in the mainland outside Wuhan . The authorities in Hong Kong, the United States, Thailand and Singapore have been screening visitors from Wuhan .

Niger government revises toll of jihadist attack to 89 Niger government revises toll of jihadist attack to 89 These were the details of the news Macron hosts Sahel summit as Niger army chief sacked over deadly attacks for this day.

The new Chromium-based Microsoft Edge is now available The new Chromium-based Microsoft Edge is now available If you're a Mac user, Edge is now available for your computer for the first time and it's definitely worth a look. To get the new Edge for Android and iOS, you'll have to head to the Google Play Store and App Store respectively.

Carlos Beltran apologizes for role in Astros cheating scandal after Mets ouster Carlos Beltran apologizes for role in Astros cheating scandal after Mets ouster The Mets organization and I mutually agreed to part ways, moving forward for the greater good with no further distractions. Now the Mets join the Astros and Red Sox in looking for a new manager in mid-January.

Trump Signs 'Phase One' of Trade Deal with China Trump Signs 'Phase One' of Trade Deal with China China agreed to purchase an additional $200 billion in USA goods over the next two years as part of the " phase one " trade deal . Chinese Vice Premier Liu He and President Donald Trump display the trade agreement signed between the United States and China .

Israeli army denies involvement in killing of Qassem Soleimani - Middle East matters Israeli army denies involvement in killing of Qassem Soleimani - Middle East matters The strike came after the USA embassy in Baghdad was breached by a group of protesters who back pro-Iran Shia militia. Last week, Iran admitted that one of its soldiers had targeted the plane with missiles and shot it down.

Moran signs onto proposal on dismissing impeachment articles Moran signs onto proposal on dismissing impeachment articles Now, the Senate, where the Republicans are in majority, needs to put Trump on trial before he can be removed from the White House. Others have raised the alarm about the alternative foreign policy towards Ukraine led by Trump's personal lawyer Rudy Giuliani.

Samsung Galaxy S20 Ultra to have massive RAM, battery Samsung Galaxy S20 Ultra to have massive RAM, battery To the surprise of many, it seems Samsung will indeed name its next smartphone series the Galaxy S20 , as was previously rumoured. It'll feature 4GB of RAM and 64GB of storage space, but you can extend that up to 512GB thanks to the built-in microSD slot.

Taskmaster Probably A Female In 'Black Widow' Taskmaster Probably A Female In 'Black Widow' Scarlett Johansson , Kevin Feige and director Cate Shortland discuss the character's journey throughout the MCU's 10-year run. In order to complete her mission, she needs more allies, and winds up enlisting the help of Alexei Shostakov a.k.a.

This 'Family Feud Canada' Contestant Thought Popeye's Favourite Food Was Chicken This 'Family Feud Canada' Contestant Thought Popeye's Favourite Food Was Chicken Dubois' mother told Global News Canada that her daughter is taking her vial fame in stride. " Spinach , Jerry", said Logan. That certainly wasn't the case for a young contestant of Family Feud Canada .

U.S. 'outraged' by latest attack on Iraqi base U.S.  'outraged' by latest attack on Iraqi base At least four Iraqi soldiers were wounded Sunday in an attack on the Balad air base in northern Iraq, according to Reuters . Abdul-Mahdi resigned a year ago but has continued to preside over the government in an acting capacity.

Google Started Testing Stadia on Non-Pixel Devices Google Started Testing Stadia on Non-Pixel Devices In this case, the user kept getting a message after the update that face unlock might stop working and re-enrollment was needed. For some, the snazzy new face unlock system on Google's latest Pixel 4 is a whole lot less convenient than it should be.

Lampard blocks Christensen move and suggests Chelsea are not chasing Dembele Lampard blocks Christensen move and suggests Chelsea are not chasing Dembele Chelsea, who continue to occupy fourth spot in the Premier League table, will be back in action on Saturday when they take in a home date with Burnley.

Tiger Woods Announces His First 2 Tournaments Of 2020 Tiger Woods Announces His First 2 Tournaments Of 2020 The 44-year-old said of the event: "It's an honour for us to be in the same category as Jack Nicklaus and Arnold Palmer". He's carded eight wins at the city owned seaside golf course including seven Farmers trophies and his dramatic 2008 U.S.

Will Bitcoin's price surge on the back of world tensions? Will Bitcoin's price surge on the back of world tensions? There has been considerable debate in recent years over whether Bitcoin is a safe haven that can be compared to gold or silver. In a tweet , Rekt Capital outlined the historical price movement of Bitcoin with respect to the various halving periods.