Stock market quotes, forex, financial news, forex tools –

China will become a test site for drones designed by Ford and Baidu

 Breaking News
  • Session begins with the growth of oil prices Today, oil quotes began to grow at the start of the session. We recall that yesterday, the trading was extremely volatile in nature. So, at 8.04 Moscow time, July contracts...
  • Kevin Mayer to head TikTok TickTock is a growing social network; its main content is short videos. The service belongs to the Chinese company ByteDance Inc. It became known that Kevin Mayer had made a...
  • Uber struggles with the crisis by firing employees Uber Technologies Inc., a well-known American taxi and food delivery company, is experiencing extremely hard times. The letter to employees, sent out by the Uber CEO Dara Khosrowshahi, has fallen...
  • US stock market news Last week, the last trading day ended with a good growth for US stock indices. However, positive Friday failed to “pull out” the extremely bad week. The statistics and the...
  • Oil grows due to the balance expectations The energy market ended the week in a “green zone”. The American WTI crude oil showed two-month highs on Friday. The European Brent did not lag behind the overseas brand...
China will become a test site for drones designed by Ford and Baidu
November 01
09:00 2018

An American auto giant Ford and the Internet giant Baidu from China are concluding an agreement in order to test unmanned vehicles in the territory of the Celestial Empire. Partnership conditions are not highlighted.

The two companies have already worked together. Baidu supplied automatic control equipment for Ford models. The parties separately noted that self-driving cars (SAE level 4) would participate in the project. They absolutely do not need the human intervention.

In the third quarter, Baidu’s profit has risen by 56% to $ 1.8 billion. In terms of ADR, this is equal to $ 2.7, which turned out to be a little more than the experts had predicted.

Baidu’s revenue has increased from 23.5 billion in the third quarter of 2017 to 28.2 billion yuan in the third quarter of this year.


The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment