Australian Open order of play Day 1 - How can I watch, what time does Andy Murray play?
Here is the order of play for the main showcourts on the first day of the Australian Open (play begins at 0000 GMT). You can watch every ball live on Eurosport.
- Sloane Stephens (USA)  v Taylor Townsend (USA)
- Roberto Bautista Agut (ESP)  v Andy Murray (GBR)
- Maria Sharapova (RUS)  v Harriet Dart (GBR)
- Marin Cilic (CRO)  v Bernard Tomic (AUS)
- Roberto Bautista Agut (ESP)  v Andy Murray (GBR)
MATCH OF THE DAY
- Roberto Bautista Agut (ESP)  v Andy Murray (GBR)
Andy Murray is making his return to tennis and it could be the last Grand Slam he ever features in. He comes to the tournament unseeded given his long absences from the game and is likely to play his last game at Wimbledon in the summer. How much tennis he gets before then depends on his return to fitness, and there is a good chance that Roberto Bautista Agut could send him out at the first round.
POTENTIAL UPSET OF THE DAY
- Marin Cilic (CRO)  v Bernard Tomic (AUS)
Marin Cilic has had an exceptional season last year and could be one of the favourites outside Rafael Nadal and Novak Djokovic. However, Bernard Tomic will have home support and could use his familiarity with the venue to spring a surprise.
- Maria Sharapova (RUS)  v Harriet Dart (GBR)
Maria Sharapova is another veteran player with limited time left in the game, and there is a slight chance for British youngster Harriet Dart to make a name for herself. The 22-year-old Briton has $250,000 in winnings so far in her career, and this could be a boon.
Rod Laver Arena
Play starts at 12:00am GMT on each court
M. Sharapova (RUS)  v H. Dart (GBR)
J. Duckworth (AUS) [WC] v R. Nadal (ESP) 
A. Van Uytvanck (BEL) v C. Wozniacki (DEN) 
Margaret Court Arena
J. Goerges (GER)  v D. Collins (USA)
S. Stephens (USA)  v T. Townsend (USA)
A. de Minaur (AUS)  v P Sousa (POR)
A. Barty (AUS)  v L. Kumkhum (THA)
M. Cilic (CRO)  v B. Tomic (AUS)
M. Sakkari (GRE) v J. Ostapenko (LAT) 
K. Edmund (GBR)  v T. Berdych (CZE)
R. Bautista Agut (ESP)  v A. Murray (GBR)
P. Kvitova (CZE)  v M. Rybarikova (SVK)
J. Ponchet (FRA) v C. Garcia (FRA) 
A. Riske (USA) v K. Bertens (NED) 
A. Kalinskaya (RUS) v A. Sabalenka (BLR) 
S. Tsitsipas (GRE)  v M. Berrettini (ITA)
E. Perez (AUS) v Y. Wang (CHI)
F. Lopez (ESP) v J. Thompson (AUS)
C. Eubanks (USA) v N. Basilashvili (GEO) 
M. Puig (PUE) v A. Pavlyuchenkova (RUS)
Y. Putintseva (KAZ) v B. Strycova (CZE) 
A. Sharma (AUS v P. Hon (AUS)
P. Badosa Gibert (ESP) v K. Birrell (AUS)
P. Gojowczyk (GER) v K. Khachanov (RUS) 
F. Delbonis (ARG) v J. Millman (AUS)
D. Vekic (CRO)  v K. Mladenovic (FRA)
B. Mattek-Sands (USA) v Z. Hives (AUS)
R. Opelka (USA) v J. Isner (USA) 
G. Monfils (FRA)  v D. Dzumhur (BOS)
M. Mmoh (USA) v R. Albot (MOL)
O. Jabeur (TUN) v T. Babos (HUN)
A .Rublev (RUS) v M. McDonald (USA)
K. Boulter (GBR) v E Makarova (RUS)
B. Haddad Maia (BRA) v B. Pera (USA)
M. Basic (BOS) v H. Laaksonen (SUI)
C. Norrie (GBR) v T. Fritz (USA)
M. Kecmanovic (SRB) v F. Verdasco (ESP) 
J. Kubler (AUS) v T. Fabbiano (ITA)
B. Bencic (SUI) v K. Siniakova (CZE)
K. Flipkens (BEL) v A. Sasnovich (BLR)
H. Watson (GBR) v P. Martic (CRO) 
G. Garcia-Lopez (ESP) v R. Haase (NED)
M. Polmans (AUS) v D. Kudla (USA)
S. Cirstea (ROM) v R. Peterson (SWE)
F. Tiafoe (USA) v P. Gunneswaran (IND)
A. Kontaveit (EST)  v S. Sorribes Tormo (ESP)
A. Seppi (ITA) v S. Johnson (USA) 
Y. Bonaventure (BEL) v S. Vickery (USA)
L. Tsurenko (UKR) v E. Alexandrova (RUS)
T. Ito (JAP) v D. Evans (GBR)
Y. Nishioka (JAP) v T. Sandgren (USA)
M. Vondrousova (CZE) v E. Rodina (RUS)
P. Cuevas (URU) v D. Lajovic (CROS)
R. Milleker (GER) v D. Schwartzman (ARG) 
V. Lapko (BLR) v J. Larsson (SWE)
S. Travaglia (ITA) v G. Andreozzi (ARG)
M. Niculescu (ROM) v A. Anisimova (USA)
V. Troicki (CRO) v R. Carballes Baena (ESP)
MELBOURNE, Australia (AP) -- If this was it for Andy Murray, if this truly was it, he gave himself ��� and an appreciative, raucous crowd that included his mother and brother - quite a gutsy goodbye, the type of never-give-in performance he's famous for.
What Murray could not quite do Monday at the Australian Open was finish off a stirring comeback and prolong what might just be the final tournament of his career.
Playing on a surgically repaired right hip so painful that pulling on socks is a chore, he summoned the strength and strokes to erase a big deficit and force a fifth set before eventually succumbing to 22nd-seeded Roberto Bautista Agut 6-4, 6-4, 6-7 (5), 6-7 (4), 6-2, Murray's first opening-round loss at a Grand Slam tournament in 11 years.
"If this was my last match ... I gave literally everything I had," Murray told a full house at Melbourne Arena, his voice shaking. "It wasn't enough tonight."
Murray, just 31, is a year removed from the operation, and he announced in the days leading up to the Australian Open that he will retire in 2019. The biggest looming question is whether he'll be able to make it to July for Wimbledon, where he won two of his three major titles, including the first for a British man in 77 years.
He had raised the prospect that he might not be able to continue past this week, although he did leave a bit of room for himself after Monday's match, saying: "Maybe I'll see you again. I'll do everything possible to try. If I want to go again, I'll need to have a big operation (and) there's no guarantees I'll be able to come back, anyway."
Even with a hitch in his gait, even as he leaned forward to rest his hands on his knees between points, Murray summoned the strength and the strokes to push the match beyond the 4-hour mark.
And the fans tried to will him past Bautista Agut, who had lost in straight sets all three previous matches the two men had played.
They roared when Murray managed to break back to 2-all on the way to taking the third set, with his mom, Judy, smiling widely as she stood alongside other spectators.
They chanted his name when he grabbed the fourth set.
They rose when the compelling contest ended.
"Andy deserves this atmosphere. Andy deserves (that) all the people came to watch him," Bautista Agut said. "He's a tough, tough fighter. A tough opponent. He gives everything until the last point. I want to congratulate him for all he did for tennis."
Afterward, a video was shown in the stadium with tributes to Murray from various players, including rivals Roger Federer, Rafael Nadal and Novak Djokovic, along with Nick Kyrgios, Caroline Wozniacki, Karolina Pliskova and Sloane Stephens.
"Amazing career. Congratulations, buddy," Federer said. "I'm your biggest fan."
Federer opened his bid for a third consecutive Australian Open championship, and record seventh overall, with a 6-3, 6-4, 6-4 victory over Denis Istomin at Rod Laver Arena. Nadal, whose 17 career majors are second among men only to Federer's 20, overpowered Australian wild-card entry James Duckworth 6-4, 6-3, 7-5 earlier.
Nadal, who had surgery on his right ankle in November, hadn't competed since stopping during his U.S. Open semifinal in September because of a bad knee.
"It's very difficult to start (again) after an injury," Nadal said. "I know it very well."
Other major title winners who advanced on Day 1, when the temperature approached 90 degrees (33 Celsius), included defending champion Caroline Wozniacki, Maria Sharapova - who beat Harriet Dart 6-0, 6-0 - Angelique Kerber, Sloane Stephens and Petra Kvitova.
The highest-seeded player to exit was No. 9 John Isner, who hit 47 aces but lost 7-6 (4), 7-6 (6), 6-7 (4), 7-6 (5) against 97th-ranked Reilly Opelka in an all-American match.
The most attention, though, was drawn by Murray, who is as popular for his success on the court as his attitude away from it.
The stands were dotted with British and Scottish flags and with signs of support. When Bautista Agut entered, he was greeted by a smattering of polite applause. When Murray was introduced, there were full-throated screams, followed by chants of his first name.
As play began, Murray delighted his well-wishers every so often with terrific shots on a full sprint and his trademark, quick-reflex returns. When he flubbed a shot or otherwise let a point slide by, Murray displayed the muttering and leg-slapping self-contempt the world has come to know and expect - and, let's face it, love - from the guy.
Investors are usually striving to find that next big stock to add to the portfolio. With markets still riding high, investors will be closely watching the numbers as companies start reporting quarterly earnings results. Investors will also be keeping an eye on key economic data over the next few weeks. Many individual investors will approach the stock market from various angles. This may include following fundamental and technical information, and it may also include following analyst projections.
A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA for Pacific Gas & Electric Co (PCG) is sitting at 40.42.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 23.52, the 7-day is 16.37, and the 3-day is resting at 11.11.
Pacific Gas & Electric Co (PCG) currently has a 14-day Commodity Channel Index (CCI) of -106.63. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. Pacific Gas & Electric Co (PCG) currently has a 14 day Williams %R of -80.00. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.
The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for Pacific Gas & Electric Co (PCG) is 47.13. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.
Investors might be looking to sharpen the gaze and focus on recent market action. As we move into the second part of the year, everyone will be watching to see which way the stock market momentum shifts. Many believe that the bulls are still charging while others feel like the bears may be waiting in the wings. There are various schools of thought when it comes to trading stocks. Investors may have to first asses their appetite for risk in order to start creating a solid investment plan.
Crunching the numbers for Pacific Gas & Electric Co (PCG), we have recently spotted that the -DI is higher than the +DI. Traders may be keeping close tabs to see if the stock is displaying signs of bearish momentum.
Managing the stock portfolio can be a very challenging task. To manage the portfolio successfully, it can take a lot of dedicated time, effort, and perseverance. Studying the market and being in tune with the economic landscape can help investors gain the knowledge that is needed to come out on top. Controlling emotions and consistently following a plan may be the keys to keep the investor on track. As many seasoned investors know, the stock market can be a wild ride full of many ups and downs. Being able to stay calm and focused during the rocky periods can assist the investor when making those highly important portfolio decisions.
Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 40.42 and the 50-day is 28.34.
The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Pacific Gas & Electric Co (PCG) is 47.13. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.
Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 23.52, the 7-day is 16.37, and the 3-day is currently at 11.11 for Pacific Gas & Electric Co (PCG). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.
At the time of writing, Pacific Gas & Electric Co (PCG) has a 14-day Commodity Channel Index (CCI) of -106.63. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.
Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Pacific Gas & Electric Co (PCG)’s Williams %R presently stands at -80.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.
Dedicated investors often strive hard to set themselves up for success. Finding long-lasting success in the stock market may not be an easy endeavor. The mindset of a short-term trader may differ greatly from that of a long-term investor. Investors often have to be prepared for many different situations. Obtaining the proper knowledge about stocks and the investing world is typically a main goal for active traders and investors. Once the investor is armed with knowledge, they may be able to see things that others cannot. This may involve staying up to date on various fundamentals, technicals, and macro-economic conditions.
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Newmont Mining Corp. NEM 0.17% agreed to buy rival Canadian gold producer Goldcorp Inc. in a $10 billion, all-stock deal that would create the world’s largest gold miner and intensify a consolidation wave triggered in part by languishing prices and dwindling supplies of easy-to-find gold.
If Newmont consummates the Goldcorp deal it will allow Newmont, based in Denver, to surpass Toronto-headquartered Barrick—its longtime rival—in production, a key industry metric. The two gold giants have circled each other for years and toyed with a combination of their own back in 2014.
The depletion of global gold mines and the resulting increase in extraction costs has pushed gold miners to seek cost efficiencies, and smaller-scale combinations, as they compete to find and exploit the world’s remaining high-grade deposits.
Newmont, the U.S.’s largest miner measured by market capitalization, said it would acquire each Goldcorp share for 0.328 of their own stock. That represents a 17% premium to the Canadian company’s 20-day volume weighted average share prices.
Newmont said the combined company’s assets will be mostly based in the Americas, with 75% of its resources there. Another 15% will be based in Australia, with 10% in Ghana. That is in contrast to Barrick, which bet big on more politically risky African assets in its deal with Randgold.
Big miners of other metals have in recent years gravitated toward deposits in more stable territories, to lessen some of the risks they’ve long been willing to take on as they scour the world for deposits.
The Newmont-Goldcorp assets “are in better locations,” said John Meyer, an analyst at SP Angel in London.
Newmont said as part of its combination plan, it will sell $1 billion to $1.5 billion in assets over the next two years. It said it would aim to eventually produce a “sustainable, steady-state level” of six to seven million ounces of gold a year, after those divestitures. Newmont and Goldcorp produced a combined 7.9 million ounces in 2017, the most recent annual figures available. That production—at least for now—would leapfrog Barrick, which has struggled with declining output.
Newmont traces its roots to 1916. It was founded by William Boyce Thompson, who grew up in Montana but earned his wealth in New York. Goldcorp dates to just 1994. Barrick, meanwhile, was founded in 1983 by Peter Munk, who escaped Nazi-occupied Hungary and set up a series of businesses, including Barrick. Mr. Munk died early last year.
All three companies grew to become global gold producers through a string of acquisitions over the years.
Gold companies have long signaled a need to consolidate. Apart from giants like Newmont and Barrick, the sector is filled with many smaller miners, all fighting over investors’ dollars.
Gold prices, meanwhile, have languished. They are down 30% from their 2011 peak. In recent years, they have traded flat, capped in particular by rising U.S. interest rates. Investors tend to flock to gold in times of crisis as a safe-haven bet. In times of slow but steadily rising rates—like today—many see the yellow metal less favorably, stacked up against ultrasafe securities, like U.S. Treasurys, whose yields are rising.
Miners have also recently had to contend with the depletion of easy-to-reach high-grade deposits of gold. That boosts costs.
The struggle for fresh reserves is more challenging for gold producers than miners of other, more plentiful metals. Gold is present in the Earth’s crust in much smaller quantities than many of the most commonly mined materials. All the gold ever mined from the earth could fit in a 60-foot cube.
Discoveries have tapered off. In 1995, 22 gold deposits with at least two million ounces of gold each were discovered, according to SNL Metals Economics Group. In 2010 there were six such discoveries. The next year, there was one. In 2012: none.
Even in Nevada, where around three-quarters of all U.S. gold production is based, discoveries have fallen fast. Newmont has a large presence there. Nevada produced 5.6 million ounces of gold in 2017, well below the 1998 peak of 8.9 million ounces, according to John Muntean, an associate professor of mines and geology at the University of Nevada.
Goldcorp has been looking for a partner for at least several years, according to people familiar with the matter. Once a darling of the gold sector, its share price has fallen around 75% since its 2011 peak.
Write to Alistair MacDonald at [email protected]
Newmont to become largest gold producer with $10 billion Goldcorp buy
(Reuters) - Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc in a deal worth $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.
The deal, the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September last year, comes as the industry looks for ways to cut costs and increase scale.
The company, which will be called Newmont Goldcorp, is set to overtake current leader Barrick Gold’s annual production and will have mines in Americas, Australia and Ghana.
The Denver, Colorado-based company Newmont will also sell $1 billion to $1.5 billion worth of assets over the next two years as part of the deal, mirroring a similar move by Barrick when it announced the Rangold acquisition.
After the deal the new company expects to produce 6-7 million ounces of gold annually over the next ten years and beyond. Barrick has forecast 2018 total gold production in the range of 4.5 million to 5 million ounces.
The new company will be led by Newmont Chief Executive Officer Gary Goldberg. Goldberg will retire at the end of 2019 and Tom Palmer, Newmont’s chief operating officer, will then take over as the CEO.
The deal is scheduled to close in the second quarter and is expected to generate up to $100 million in savings, the company said.
Vancouver-based Goldcorp’s U.S.-listed shares were up about 13 percent before the bell on Monday. Newmont Mining’s shares were down 3 percent.
Reporting by John Benny in Bengaluru; Editing by Shailesh Kuber and Sweta Singh
3.0 magnitude earthquake strikes near Maryville
The USGS says a 3.0 magnitude earthquake struck near Maryville and about 12 miles south of Knoxville early Monday morning.
According to the United States Geological Survey, the earthquake happened about 4 a.m. ET about 1.7 miles south east of Maryville.
Some light shaking has been reported across Maryville and parts of Farragut. No damage has been reported so far.
East Tennessee Seismic Zone
The East Tennessee Seismic Zone, which extends across Tennessee and northwest Georgia into northeast Alabama, is one of the most active earthquake areas in the Southeast.
While it is not know to have had a large earthquake, a few earthquakes have caused slight damage. The largest known earthquake happened on April 29, 2003 with a magnitude of 4.6 near Fort Payne Alabama.
The second-strongest earthquake felt in Tennessee happened about a month ago near Decatur, Tennessee. The Dec. 12, 4.4 magnitude earthquake was the strongest in 45 years. It was felt as far as Atlanta.
The record for strongest earthquake felt in Tennessee is held by a 4.7 earthquake near Maryville in 1973, according to the National Weather Service in Morristown.
VW eyes an electric future in Chattanooga
DETROIT — As Volkswagen makes a big bet on electric vehicles worldwide, the automaker appears ready to amp up production plans for its Chattanooga plant.
Jessica Caldwell, an analyst for auto researcher Edmunds, said electric vehicles are where all the big players in the auto industry are heading.
"It's very important," she said. "When you look at the landscape in the future, there are a lot of vehicles that will be electrified in some form."
Today, at the North American International Auto Show here, the German carmaker is expected to showcase plans for future electric vehicle production in Chattanooga.
VW officials declined to comment ahead of a morning announcement that's to draw top officials.
However, company officials in America and Germany have for months talked about the possibility of making battery-powered vehicles in North America, including in Chattanooga, where VW already employs about 3,500 people making the Passat sedan and the Atlas SUV.
Last fall, Volkswagen officials in Chattanooga said that up to 1,000 more jobs could be added at the plant as the company planned to hire a third shift to bolster production. But it's unclear if those jobs are tied to today's announcement.
Late last year, at the Los Angeles Auto Show, Volkswagen Group of America CEO Scott Keogh said the automaker was scouting sites in North America for electric vehicle production and the Chattanooga plant was an option.
"We are 100 percent deep in the process of 'We will need an electric car plant in North America,' and we're holding those conversations now," he said.
Keogh said VW's Chattanooga plant has room for extra assembly at the factory that makes the Passat sedan, the seven-seat Atlas sport utility vehicle and, soon, a five-seat version of the SUV on which production is to begin this year.
Also, a possible Volkswagen-Ford Motor Co. collaboration could be revealed Tuesday. It, too, may involve electric vehicles. With the high expense of developing electric and self-driving vehicles, automakers are having to manage their costs, Reuters reported last week.
VW officials have talked about gaining access to Ford's Transit commercial van and the Ranger midsize pickup truck, as well as building their vehicles in Ford plants.
Tennessee Gov. Bill Haslam said in December that building electric vehicles in Chattanooga would be "the next logical step" for the German automaker.
"We're very hopeful," he said. "We continue to be in discussions."
Volkswagen Group CEO Herbert Diess said in Washington, D.C., after a White House meeting that the company was in advanced talks with Tennessee about a second plant.
But he added that there are other options. Diess said then that VW was talking with Ford about potentially making vehicles at the American automaker's plants as part of a wider agreement.
VW expects to spend $50 billion on developing electric cars, autonomous driving and new mobility services by 2023 worldwide.
Chattanooga Mayor Andy Berke, while not commenting on potential electric vehicle assembly, said there is physical room at VW's Enterprise South industrial park plant to grow the auto sector.
"When we have discussions of land at Enterprise South, we're conscious of future growth," he said. Enterprise South is the 6,000-acre former U.S. Army munitions factory that the city and Hamilton County bought, cleaned up and pitched to major companies.
Berke said there's enough room for VW to mirror its existing plant as well as for the automaker's suppliers to expand to the site, should companies make the investment.
"There's also room at Enterprise South for more suppliers and to continue economic development," he said.
Contact Mike Pare at [email protected] or 423-757-6318.
Volkswagen, Ford to confirm 'global alliance' in Detroit
14th Jan 2019 1:34 pm
The German and American carmakers are set to reveal an expanded link-up that includes collaboration on electric tech; announcement expected at the Detroit motor show.
The two car giants have already announced a deal to work together on commercial tech. Volkswagen boss Herbert Diess recently said that they have "identified other potential cooperation". Sources have now told Reuters that a deal is close to being agreed to – one that will also involve both companies working together on the future development of autonomous and electric vehicles.
The plans for a strategic alliance – which will neither involve a merger, nor the two companies taking equity stakes in each other – could save both companies billions in research and development costs and allow for shared platforms and self-driving technology.
Sources told Reuters that the two car manufacturers would pool resources towards the development of autonomous technology, with Ford given use of the VW Group's MEB electric car platform. Volkswagen would, in turn, gain access to the architecture of the Ford Transit van and Ranger pick-up; and the move could lead to VW cars being built in Ford plants.
This news follows an announcement last June, when the companies said that they were looking to collaborate on the development of future commercial vehicles, among other projects. Jim Farley, Ford's president of global markets, called this move an example of Ford’s commitment to “leveraging adaptive business models.”
Volkswagen's own MEB electric vehicle platform could form the basis for shared development, although the company's chief financial officer, Frank Witter, has said that there has been no decision regarding whether other companies will be allowed to use the template. The first MEB-based Volkswagen models are scheduled to roll out in November 2019, from the brand's new electric vehicle factory in Zwickau, Germany.
Both Volkswagen and Ford are keen to introduce new electric vehicles to the European market, where strict regulations are being imposed on the development and sale of petrol and diesel vehicles. Volkswagen previously stated its intention to produce 2-3 million fully electric cars by 2025.
Ford and Volkswagen (alongside BMW and Daimler) are co-owners of the Ionity scheme, which is developing a network of ultra-fast charging stations across Europe.
This potential alliance between Volkswagen and Ford would not be the first of its kind. Earlier this month, Honda invested USD 2.75 billion (around Rs 19,500 crore). in General Motors' self-driving division. The Japanese and American companies plan to challenge tech giants Apple and Google with a new range of driverless taxis.
Established car makers around the world are beginning to shift their focus entirely to research and development of zero-emission, self-driving vehicles as global legislation slowly looks at pollution reduction.