Author: PR Newswire Online News

Daimler Trucks agrees to acquire majority stake in Torc Robotics to create technology powerhouse for automated trucks

Daimler Trucks, a division in the Daimler Group, the inventor of the truck and world’s largest manufacturer of heavy and medium trucks, and Torc Robotics, a pioneer in autonomous driving solutions, are joining forces in a one-of-a-kind combination to commercialize highly automated trucks (SAE Level 4) on U.S. roads. Going beyond an OEM/supplier relationship, the… Continue reading Daimler Trucks agrees to acquire majority stake in Torc Robotics to create technology powerhouse for automated trucks

China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results

WUHAN, China, March 28, 2019 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2018. Fourth Quarter 2018 Highlights Net sales were… Continue reading China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results