The Chinese company has decided to accelerate its investment in Canada as growing demand for electric vehicles and provincial tax incentives create a more welcoming environment than the U.S. in the short-term, a spokesman said.
Ghosn’s prediction flies in the face of forecasts that the emergence of ride-hailing and car-sharing -- eventually coupled with vehicles capable of driving themselves -- will upend the more than $2 trillion annual business of selling new vehicles.
The move, a first for any company, is a major milestone for the internet giant’s bid to lead the crowded pack trying to commercialize driverless technology.
Google will provide access to powerful devices that use the principles of quantum mechanics to process information in a far more ways than a conventional computer, which uses just a binary system to identify data.
The combined price for stakes of less than 10% each in Massachusetts-based Markforged Inc. and an unidentified peer amounts to “a single-digit million-euro figure,” according to Porsche, which plans to dive more into venture holdings.
CEO Elon Musk described the hangups as “a relatively small shift” in the big picture, but investors seem wary, with Tesla shares trading down more than 5%.
The worse-than-expected performance for Fiat Chrysler comes even as manufacturers crank up incentives heading into the end of the year to clear outgoing models from dealer lots.
Waymo CEO John Krafcik: “It’s safe to say we’re really close, but I don’t want to put a date on it. We want to get this car out on public roads.”
“Having lived through 14 Michigan winters, I’m confident that there are few better places that will prepare our self-driving cars for winter conditions.”