Shocking 100 Million Dollars Enterprise Marketing Secret Revealed

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Subaru preps $48.2 million Michigan tech center

Subaru Corp., one of the hottest automakers in the U.S., plans a $48.2 million technical center in Van Buren Township, Mich., near Detroit.

Subaru Research and Development Inc., a subsidiary of Subaru, will build the 60,000-square-foot center on 76 acres of vacant land near Interstate 94 and Willow Run Airport in the Detroit Region Aerotropolis development zone. The project will employ 101 and be completed by 2022.

Michigan is supporting the project with a $1.5 million performance-based grant and the site is being considered for road improvements, wetland mitigation and environmental remediation. The township is also considering a property tax abatement for the project.

Ohio and Indiana also bid on the project, according to a Michigan Economic Development Corp. memo.

Subaru employs 33 in Ann Arbor, Mich., and more than 14,000 globally.

The automaker is on a roll in the U.S., with record sales of 647,956 in 2017. U.S. deliveries this year through July have advanced 6 percent from a year earlier.

Subaru's only U.S. manufacturing plant is in Lafayette, Ind.

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Toyota to invest $500 million in Uber for driverless cars

UPDATED: 8/27/18 9:32 pm ET - adds details

Toyota Motor Corp. will invest $500 million in Uber to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business.

Toyota, one of the world's largest carmakers, and Uber Technologies Inc., the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars. The partnership deepens an existing relationship and reflects CEO Dara Khosrowshahi's strategy of Uber developing autonomous vehicles through partnerships, rather than on its own.

The deal also breathes new life into Uber's self-driving business. Since a self-driving Uber SUV killed a pedestrian in Tempe, Ariz., in March, Uber has removed its robot cars from the road, laid off hundreds of test drivers and shuttered operations in Arizona, its autonomous testing hub.

The investment values Uber at $72 billion, matching the valuation Uber received in a deal with Alphabet Inc. self-driving unit Waymo this year.

The deal was reported earlier Monday by The Wall Street Journal.

Uber will combine its autonomous driving system with Toyota's Guardian technology, which offers automated safety features such as lane-keeping but does not enable a vehicle to drive completely autonomously. The combined technology will be built into Toyota's Sienna minivans, to be deployed on Uber's ride-hailing network starting in 2021, Uber said.

The companies' aim is to solve the enormously challenging problem of how to mass produce self-driving cars for shared fleets, including ride-hailing services.

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Jeff Miller, Uber's head of business development for strategic initiatives, said the partnership "really paints the picture of how we envision deploying autonomous technology in the long term." That includes licensing its autonomous technology to carmakers and enlisting a third party to own and maintain the fleet.

The third party that will operate the Toyota autonomous fleet has not yet been chosen, Miller said.

Toyota has been less aggressive than some rivals on moving toward full-fledged autonomous driving, expressing caution about the technology, and has focused on partial autonomous systems like Guardian. But the company has invested in research and said it plans to begin testing self-driving electric cars around 2020.

A Toyota official said the company would continue its research into self-driving technology, and that it would not combine its research efforts with Uber.

Uber has admitted its technology lags Waymo, and the crash in Arizona was a further setback in development and testing. The Toyota partnership puts pressure on Uber to resume testing on public roads, but the company has run up against regulators and politicians with safety concerns. Miller said Uber plans to have autonomous cars back on public streets by the end of the year.

Khosrowshahi, who took over Uber a year ago, has recently explored options that include more partnerships as well as a potential sale of the self-driving business, separate sources have told Reuters. The self-driving unit is a significant contributor to Uber's losses, which in the second quarter were $891 million.

Uber has a deal to purchase cars from Volvo, outfit them with Uber's technology and maintain them, a more labor-intensive project than the Toyota plans. The company also has a partnership with Daimler AG, in which the carmaker proposes to put its own self-driving cars in Uber's ride-hailing network.

Khosrowshahi's partnership strategy is a shift. Uber co-founder and former CEO Travis Kalanick had insisted on developing a proprietary self-driving system and called autonomous cars "existential" to Uber.

Previously, Uber and Toyota partnered on an electric mobility project. Two years ago, Toyota invested an undisclosed sum in Uber and the two companies partnered on a car-leasing program for Uber drivers. Uber has since shuttered its U.S. leasing business.

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

View the original article here

Philidelphia dealer Gerry Lenfest remembered for $2 million in employee bonuses

Jaguar Main Line and Land Rover Main Line in Wayne, Pa., employees are surprised with bonus checks based on years of service. May 2016

Philadelphia media mogul and philanthropist Gerry Lenfest, who died Aug. 5 at 88, also happened to be a car dealer. Indeed, he may have set the record for bonus checks handed out to dealership employees.

Two years ago, Lenfest, a billionaire who owned Jaguar-Land Rover Main Line in Wayne, Pa., shocked his employees with bonus checks based on years of service. Here's how it went down, according to Michael Smyth, who is now the dealer principal:

It may have been billionaire Gerry Lenfest?s birthday, but he was the one giving the gifts.?Left, employees discover their bonus checks, some for as much as $70,000.

Lenfest told Smyth he set aside $2 million for the employees and suggested the checks be handed out with their regular paychecks. But Smyth wanted to make it special, so the store held a party to celebrate Lenfest's birthday.

"I had Gerry come in and speak for about 10 minutes. He told everyone they were the best employees, and then he asked them to reach under the seats." Taped to the bottom were the bonus checks.

"It was tear-jerking to watch people open envelopes containing as much as $70,000 in bonuses. Some of the checks were more than people make in a year," Smyth recalled.

Lenfest made his fortune in cable television. He donated more than $1 billion, mostly to a variety of Philadelphia area charities.

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Toyota to invest $500 million in Uber for driverless cars

Heather Somerville
Reuters
August 27, 2018 20:43 CET

Toyota will invest $500 million in Uber to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business.

Toyota and Uber Technologies, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars. The partnership deepens an existing relationship and reflects CEO Dara Khosrowshahi's strategy of Uber developing autonomous vehicles through partnerships, rather than on its own.

The deal also breathes new life into Uber's self-driving business. Since a self-driving Uber SUV killed a pedestrian in Tempe, Arizona, in March, Uber has removed its robot cars from the road, laid off hundreds of test drivers and shuttered operations in Arizona, its autonomous testing hub.

The investment values Uber at $72 billion, matching the valuation Uber received in a deal with Alphabet self-driving unit Waymo this year.

Uber will combine its autonomous driving system with Toyota's Guardian technology, which offers automated safety features such as lane-keeping but does not enable a vehicle to drive completely autonomously. The combined technology will be built into Toyota's Sienna minivans, to be deployed on Uber's ride-hailing network starting in 2021, Uber said.

The companies' aim is to solve the enormously challenging problem of how to mass produce self-driving cars for shared fleets, including ride-hailing services.

Jeff Miller, Uber's head of business development for strategic initiatives, said the partnership "really paints the picture of how we envision deploying autonomous technology in the long term." That includes licensing its autonomous technology to automakers and enlisting a third party to own and maintain the fleet.

The third party that will operate the Toyota autonomous fleet has not yet been chosen, Miller said.

Toyota has been less aggressive than some rivals on moving toward full-fledged autonomous driving, expressing caution about the technology, and has focused on partial autonomous systems like Guardian. But the company has invested in research and said it plans to begin testing self-driving electric cars around 2020.

A Toyota official said the company would continue its research into self-driving technology, and that it would not combine its research efforts with Uber.

Uber has admitted its technology lags Waymo, and the crash in Arizona was a further setback in development and testing. The Toyota partnership puts pressure on Uber to resume testing on public roads, but the company has run up against regulators and politicians with safety concerns. Miller said Uber plans to have autonomous cars back on public streets by the end of the year.

Khosrowshahi, who took over Uber a year ago, has recently explored options that include more partnerships as well as a potential sale of the self-driving business, separate sources have told Reuters. The self-driving unit is a significant contributor to Uber's losses, which in the second quarter were $891 million.

Uber has a deal to purchase cars from Volvo, outfit them with Uber's technology and maintain them, a more labor-intensive project than the Toyota plans. The company also has a partnership with Daimler, in which the automaker proposes to put its own self-driving cars in Uber's ride-hailing network.

Khosrowshahi's partnership strategy is a shift. Uber co-founder and former CEO Travis Kalanick had insisted on developing a proprietary self-driving system and called autonomous cars "existential" to Uber.

Previously, Uber and Toyota partnered on an electric mobility project. Two years ago, Toyota invested an undisclosed sum in Uber and the two companies partnered on a car-leasing program for Uber drivers. Uber has since shuttered its U.S. leasing business.

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View the original article here