Author: World_Newz Mon

World NM: General Motors and Honda are teaming up for cost savings and future vehicle development000092

General Motors and Honda are teaming up in North America. The companies announced on Thursday that they have signed a non-binding memorandum of understanding to try and build a North American automotive alliance. Joint engineering will start early next year and will include the sharing of common vehicle platforms that include internal-combustion and electrified powertrains.… Continue reading World NM: General Motors and Honda are teaming up for cost savings and future vehicle development000092

World NM: German new passenger car registrations continue to fall in August000091

BERLIN, Sept. 3 (Xinhua) — New passenger car registrations in Germany fell by 20 percent in August compared with the same month last year to around 250,000 units, the Federal Motor Transport Authority (KBA) said on Thursday. In July, the respective figures were a 5.4-percent drop and 315,000 vehicles, according to the KBA. The year-on-year… Continue reading World NM: German new passenger car registrations continue to fall in August000091

World NM: Geely Auto Moves Closer to Potential $2.9 Billion China Listing000084

Geely Automobile Holdings Ltd., the Chinese carmaker controlled by Volvo Cars owner Li Shufu, may raise as much as 20 billion yuan ($2.9 billion) through a listing on Shanghai’s STAR Market. With the outbreak receding in China, sales have started to revive, and automakers are betting the world’s largest vehicle market can help them return… Continue reading World NM: Geely Auto Moves Closer to Potential $2.9 Billion China Listing000084

World NM: German automotive supplier Continental extends savings program due to COVID-19000081

BERLIN, Sept. 1 (Xinhua) — The German automotive supplier Continental said on Tuesday to expand its savings program, which was initiated in 2019, to save more than one billion euros (1.19 billion U.S. dollars) per year from 2023 onwards. Continental increased its previous savings target by slightly more than 500 million euros annually due to… Continue reading World NM: German automotive supplier Continental extends savings program due to COVID-19000081

World NM: Chinese automaker Lifan announces public recruitment of investors for bankruptcy reorganization000067

Chinese car and motorcycle maker Lifan Industry (Group) Co Ltd on Wednesday announced public recruitment of investors as a local court in Southwest China’s Chongqing municipality ruled to accept its bankruptcy reorganization. Lifan currently has an annual output capacity of 150,000 complete motor vehicles and 300,000 automotive engines, while it also produces 1 million motorcycles,… Continue reading World NM: Chinese automaker Lifan announces public recruitment of investors for bankruptcy reorganization000067

World NM: U.S. may submit binding bid for SsangYong Motor: reports000035

A U.S. automotive distribution company may submit a binding offer to acquire a stake in SsangYong Motor Co. next month as the carmaker’s Indian parent looks for an investor, media reports said Thursday. If Samjong gives no opinion on SsangYong’s annual financial statements for the year, the company can appeal the decision within a week… Continue reading World NM: U.S. may submit binding bid for SsangYong Motor: reports000035

World NM: Tesla Won’t Deliver Discounted Cars to Pinduoduo000028

U.S. electric-vehicle maker Tesla Inc. is refusing to deliver Model 3 vehicles to buyers on Chinese group buying platform Pinduoduo Inc. which has been offering the cars at cheaper prices via group buying deals. Many brands have publicly shunned the discount retailer which has struggled to shake off a reputation for selling low quality and… Continue reading World NM: Tesla Won’t Deliver Discounted Cars to Pinduoduo000028

World NM: Hyundai Motor to make electric cars in Singapore: ST000024

Hyundai Motor will manufacture electric vehicles in Singapore starting in 2022, The Straits Times (ST) reported. The company will unveil three EV models under its Ioniq brand starting from early 2021 to 2024. In October, Dyson Ltd abandoned a US$2.5 billion plan to build electric cars in Singapore because the maker of vacuum cleaners and… Continue reading World NM: Hyundai Motor to make electric cars in Singapore: ST000024

German Continental sets up supercomputer to boost autonomous driving

BERLIN, July 28 (Xinhua) — German automotive supplier Continental set up a supercomputer for Artificial Intelligence (AI) to accelerate the development of innovative mobility technologies, the company announced on Tuesday.
“AI enhances advanced driver assistance systems, makes mobility smarter and safer and accelerates the development of systems for autonomous driving,” the firm noted.
The supercomputer, which was among the 500 most powerful computers in the world, was operating from a data center in Frankfurt am Main in Germany since the beginning of the year and used technology from the U.S. company NVIDIA, according to Continental.
“The supercomputer is an investment in our future,” said Christian Schumacher, head of program management systems in Continental's advanced driver assistance systems business unit.
Continental's fleet of test cars was currently traveling around 15,000 kilometers per day, generating around 100 terabytes of data, equivalent to 50,000 hours of mov..