New business with multiple global automakers starts in 2022Technology allows drivers to see surroundings all around the vehicleEnables safer, more convenient driving and parkingAURORA, Ontario, Feb. 25, 2021 (GLOBE NEWSWIRE) — Global automakers will soon be able to offer 3D surround-view systems in more vehicles, thanks to Magna’s new surround view cameras and electronic control… Continue reading Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units
Author: GlobeNews Newswire
Ferrari and Richard Mille Sign a Partnership Contract
Maranello (Italy), 22 February 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari”) announces that Ferrari and Richard Mille have signed a multi-year partnership agreement, which will see the Haute Horlogerie brand become sponsor and licensee for the Prancing Horse.As Scuderia Ferrari Mission Winnow’s Team Partner and Official Watch, starting from the next F1 Season the Swiss… Continue reading Ferrari and Richard Mille Sign a Partnership Contract
Bamboo, Grupo Antolin’s sustainable option to dress the car, now with EPD certificate
Grupo Antolin has improved the sustainability of eBú, its natural bamboo fabric, as part of its commitment to develop more sustainable and environmentally friendly components within its innovation strategy. The fabric has obtained the EPD ecolabel (Environmental Product Declaration). As the new EPD ecolabel certifies, the eBú is the first and only bamboo fibre fabric… Continue reading Bamboo, Grupo Antolin’s sustainable option to dress the car, now with EPD certificate
Visteon Announces 2020 Financial Results and 2021 Outlook
$787 million Q4 net sales; 5% Y/Y increase excluding currencyNet income of $18 million in Q4 or $0.64 per diluted shareAdjusted net income of $30 million in Q4 or $1.06 per diluted shareAdjusted EBITDA of $75 million, 9.5% of sales in Q4$1.4 billion in Q4 new business wins, including a battery management system award$151 million… Continue reading Visteon Announces 2020 Financial Results and 2021 Outlook
Martinrea International Inc. Announces Additional Strategic Investment in NanoXplore Inc. and Filing of Early Warning Report
TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX: MRE) (“Martinrea” or the “Company”) announced today it filed an early warning report in connection with the acquisition by Martinrea pursuant to a private purchase agreement of an aggregate of 1,000,000 common shares of NanoXplore Inc. (“NanoXplore”) for an aggregate purchase price of $4,000,000… Continue reading Martinrea International Inc. Announces Additional Strategic Investment in NanoXplore Inc. and Filing of Early Warning Report
GROUPE RENAULT: Nissan contribution to Renault’s Q4 2020 earnings
February 09th, 2021Nissan contributes – € 123 million for fourth quarter 2020 to Renault’s earningsNissan released today its results for the third quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021).Nissan’s results, published in Japanese accounting standards, for the third quarter of fiscal year 2020/2021 (October 1st to December 31st, 2020), after… Continue reading GROUPE RENAULT: Nissan contribution to Renault’s Q4 2020 earnings
Visteon and ECARX to Develop Intelligent Cockpits for Global Automotive Industry Using Qualcomm Solutions
Technology development enhances Visteon’s support to commercialize cockpit connectivity solutions for multiple global applications beginning in 2021First application of new infotainment ecosystem is for ECARX Asia Pacific regionVisteon’s industry-leading SmartCore™ cockpit controller based on the 3rd Generation Qualcomm® Snapdragon™ Automotive Cockpit PlatformsVAN BUREN TOWNSHIP, Mich., Feb. 04, 2021 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC),… Continue reading Visteon and ECARX to Develop Intelligent Cockpits for Global Automotive Industry Using Qualcomm Solutions
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Kongsberg Automotive Trading Update Q4 2020
Fri, Jan 29, 2021 09:56 CET Kongsberg Automotive expects revenues for the last quarter Q4 2020 of approx. MEUR 299, an adj. EBIT of approx. MEUR 23 and a negative free cash flow of MEUR 6. New Business Wins amount to MEUR 87 annualized revenues, and MEUR 471 lifetime revenues. 2019 Q4 revenues were MEUR… Continue reading Kongsberg Automotive Trading Update Q4 2020
Kongsberg Automotive appoints top automotive executive Joerg Buchheim as Chief Executive Officer
Tue, Jan 26, 2021 08:12 CET The Board of Directors of Kongsberg Automotive ASA (“KA”, the “Company”) announced today Mr. Joerg Buchheim as new Chief Executive Officer and President of Kongsberg Automotive ASA, effective May 1st, 2021, at the latest. Zurich, 25 January 2021 – The Board of Directors of Kongsberg Automotive ASA announced today… Continue reading Kongsberg Automotive appoints top automotive executive Joerg Buchheim as Chief Executive Officer