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Ford reducing sedans to build more SUVs

The Ford Explorer. Matthew DeBord/BI Ford announced that it’s reducing its commitment to passenger cars. For over a year, the auto industry has been grappling with a market shift toward pickup trucks and SUVs. Ford hasn’t followed Fiat Chrysler Automobiles in deciding that passenger cars are all-but dead in the …

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Self-driving car startup Pony.ai raises over $100 million

BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Pony.ai, a year-old California-based self-driving car startup, announced it recently completed a $112 million Series A funding round at an undisclosed …

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Ford is falling after guiding lower on earnings (F)

smjb / Creative Commons Ford is down 4.47% to $12.52 after the company guided 2018 earnings below expectations. The company said 2018 adjusted earnings would come in at about $1.45 to $1.70 per share. Estimates had placed earnings at $1.68 per share, according to Bloomberg. Ford is still expanding its …

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Anthony Levandowski’s former nanny says he talked about ‘fleeing to Canada’ to avoid prison

Uber founder Travis Kalanick (left) and Anthony Levandowski (right) Associated Press A new lawsuit filed against Anthony Levandowski alleges that the former Uber engineer discussed fleeing to Canada in order to avoid potential prison time. The suit, filed by Levandowski’s former nanny Erika Wong, claims that Levandowski violated numerous employment laws, …

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