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No quid pro quo, there was nothing," Trump said the call. "It was a perfect conversation."Politicsread more
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There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
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Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Singapore Summitread more
The addition of FCA gives the BMW/Intel team a boost in the race among automakers, tech firms and auto suppliers to develop the technology that allows vehicles to drive with little or no driver interaction.
"In order to advance autonomous driving technology, it is vital to form partnerships among automakers, technology providers and suppliers," said FCA Chief Executive Officer Sergio Marchionne.
As part of the partnership, the automakers will co-locate engineers in Germany and at other locations around the world. While the group is far from developing models that will be sold in large volume, FCA said the strength it brings to the partnership is its sales volume, geographic reach and experience in North America.
For now, Fiat Chrysler said it is not changing its relationship with Waymo, the subsidiary of Alphabet it has worked with to modify Chrysler Pacifica minivans for self-driving technology. Waymo is testing a small number of autonomous-drive Pacifica minivans in Phoenix, with some of them providing rides to a select number of people.
"With FCA as our new partner, we reinforce our path," BMW Chairman Harold Kruger said.
"The future of transportation relies on auto and tech industry leaders working together to develop a scalable architecture that automakers around the globe can adopt and customize," said Brian Krzanich, Intel's CEO.
Fiat Chrysler partnering with another automaker to develop self-driving cars stands in contrast to its Big Three competitors GM and Ford. General Motors has bought tech firms like Cruise Automation, but it is not working with any established automakers on self-driving cars. Neither is Ford, which has been developing a greater presence in the Silicon Valley but has not yet signed on to work with other automakers on autonomous-drive vehicles.