NOVI, Mich., July 29, 2020 /PRNewswire/ — 2020 Second-Quarter Results Loss per share (“EPS”) of ($0.81) Adjusted EPS of ($0.55) Sales of $99.5 million Gross profit of $13.3 million Adjusted gross profit of $14.4 million (14.5% of sales) Operating loss of ($26.8) million Adjusted operating loss of ($19.1) million ((19.2%) of sales) Adjusted EBITDA… Continue reading Stoneridge Reports Second-Quarter 2020 Results
Author: PR Newswire Online News
World’s leading automotive camera producer ZF launches next-generation ADAS cameras
Among the first ever cameras to offer the capability of a 100-degree horizontal field of view, the S-Cam4.8 represents another important step forward in meeting future Euro NCAP 5-Star Safety Ratings and IIHS Top Safety Pick+ requirements as well as General Safety Regulations that require increasingly stringent test protocols for safety critical systems. “The S-Cam 4.8… Continue reading World’s leading automotive camera producer ZF launches next-generation ADAS cameras
Green Hills Software Welcomes Argus Cyber Security into Its Rich EcoSystem of Automotive Partners
The partnership follows a successful customer collaboration in which Argus Control Flow Integrity, in combination with the Green Hills Optimizing C/C++ Compiler, will start protecting vehicles on the road in 2021 TEL-AVIV, Israel and SANTA BARBARA, Calif., July 29, 2020 /PRNewswire/ — Green Hills Software, the worldwide leader in embedded safety and security, and Argus Cyber… Continue reading Green Hills Software Welcomes Argus Cyber Security into Its Rich EcoSystem of Automotive Partners
Linear Labs Reaches Major Milestone With Mass Production of New E-mobility Smart Motor
The announcement comes on the heels of a $68.9 million economic incentive deal with the City of Fort Worth to bring advance automation manufacturing to the rapidly growing home of Energy 2.0. The company will start with an allocation of production that is distributed between itself and several Tier One sub-contractors in order to expedite… Continue reading Linear Labs Reaches Major Milestone With Mass Production of New E-mobility Smart Motor
Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment
TEL AVIV, Israel, July 28, 2020 /PRNewswire/ — Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million round A funding, bringing total investment in the company to $15 million. The financing round was led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global. The funding… Continue reading Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment
Lucid Motors Announces DreamDrive, an Advanced Driver-Assistance System that Debuts in the Lucid Air
When customer deliveries of the Lucid Air begin in early 2021, the pure-electric luxury car is expected to be the first to market with the combination of a driver monitoring system and a sensor suite that includes high-resolution LIDAR, fitting these future-proofed technologies as standard equipment. The DreamDrive technology suite supports 19 key safety, driving,… Continue reading Lucid Motors Announces DreamDrive, an Advanced Driver-Assistance System that Debuts in the Lucid Air
Kia Motors Set To Unleash Its Most Powerful Midsize Sedan Ever In Groundbreaking “Live” Marketing Campaign
The campaign jumpstarts on Tuesday, July 28, at 8 p.m. ET / 5 p.m. PT with a livestream event on Twitter. Billed “Triple Threat,” the one-of-a-kind showcase will be directed by Darrin Prescott, action unit director on some of Hollywood’s most action-packed films including Baby Driver, Ford Vs. Ferrari, Drive, John Wick, Black Panther, and The… Continue reading Kia Motors Set To Unleash Its Most Powerful Midsize Sedan Ever In Groundbreaking “Live” Marketing Campaign
ALYI Confirms Electric Delivery Truck For Sub Saharan Africa
DALLAS, July 27, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries. Further design details are expected to be revealed later this year. The company CEO Dr. Randell Torno, first announced the electric delivery vehicles last September in an… Continue reading ALYI Confirms Electric Delivery Truck For Sub Saharan Africa
Toyota Financial Services (TFS) Issues Fifth Diversity & Inclusion Bond; Promotes Diversity on Wall Street
PLANO, Texas, July 24, 2020 /PRNewswire/ — Toyota Financial Services (TFS), a longtime leader in Corporate Social Responsibility (CSR), issued its fifth Diversity & Inclusion (D&I) Bond in the amount of $750 million. Enabling diverse underwriting firms the ability to strengthen their experience working on high profile deals, this two-year fixed rate D&I Bond not only serves as an integral component of Toyota’s comprehensive… Continue reading Toyota Financial Services (TFS) Issues Fifth Diversity & Inclusion Bond; Promotes Diversity on Wall Street
Nikola Corporation Breaks Ground On Coolidge Multi-Product Factory 4.0 Manufacturing Facility
COOLIDGE, Ariz., July 23, 2020 /PRNewswire/ — Nikola Corporation (NASDAQ: NKLA), a global transportation leader in zero-emissions and infrastructure solutions, is one step closer to bringing a 1 million-square-foot manufacturing facility to Coolidge, Ariz. following an official groundbreaking ceremony on its approximate 430-acre parcel. The ceremony included speakers from Nikola’s executive team Trevor Milton, founder and executive… Continue reading Nikola Corporation Breaks Ground On Coolidge Multi-Product Factory 4.0 Manufacturing Facility