silicon-valley

Hyundai Motor hires former GM researcher to lead self-driving car center

Hyundai Motor Group has hired a former General Motors researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. Lee Jin-woo, 47, who has previously led autonomous driving …

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Hyundai Motor hires former GM researcher to lead self-driving car center

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Women executives left Yahoo amid layoffs, deal talk

Women executives left Yahoo Inc at an unusually high rate after the U.S. technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company's 2016 diversity report, released on Monday. The sharp drop comes as Silicon Valley faces pressure to diversify a workforce heavily dominated by white and Asian men. In July, it struck a …

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Women executives left Yahoo amid layoffs, deal talk

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Tesla says self-driving hardware to be built into all its cars

By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…

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Tesla says self-driving hardware to be built into all its cars

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Daimler adopts Silicon Valley tactics to counter new rivals

Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques in a drive to speed up decision making, empower staff and fend off new rivals such as electric carmaker Tesla Motors . Chief Executive Dieter Zetsche is sweeping away layers of bureaucracy and encouraging a more experimental approach to new products. The changes will be closely watched by rivals such as BMW and Audi as traditional carmakers weigh up how to respond to new technologies including autonomous driving and electric vehicles that have turned firms like Google and Tesla into rivals…

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Daimler adopts Silicon Valley tactics to counter new rivals

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As technology shifts more layoffs loom at tech companies

By Malathi Nayak and Deborah M. Todd NEW YORK (Reuters) – Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said. The…

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As technology shifts more layoffs loom at tech companies

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Gawker Media files for bankruptcy, to go up for sale

By Jessica DiNapoli and Jared Leone NEW YORK/ST. PETERSBURG, Fla. (Reuters) – Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape. The move followed revelations that Hogan's lawsuit, along with several others against Gawker, were being bankrolled by billionaire investor Peter Thiel, an early backer of Facebook and a co-founder…

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Gawker Media files for bankruptcy, to go up for sale

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Wanted: Manufacturing whizzes to work on Tesla’s Model 3

By Alexandria Sage SAN FRANCISCO (Reuters) – Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Musk says he is “hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four …

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Wanted: Manufacturing whizzes to work on Tesla’s Model 3

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First GM China-made import to U.S. to go on sale in mid-2016

By next summer, the Buick Envision small SUV will become the first General Motors Co model imported from China to be sold in the United States, the company said on Friday. Reuters reported in August that by 2017 most Buick's U.S. sales could be of models produced in either China or Europe. The Envision will give Buick three “crossover” vehicles in the U.S. market.

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First GM China-made import to U.S. to go on sale in mid-2016

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Yahoo board in final talks on future of company

By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc's board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley's most prominent but troubled companies. One option on the table for the nine board members is whether to sell Yahoo's core business, which includes Mail, its sports sites, and advertising technology. The company is also in …

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Yahoo board in final talks on future of company