Category: Official Press Release

News Release – Magna Launches New Composites Center of Excellence in Germany

Please click HERE for a PDF version of the release. Brings advanced composites and carbon fiber expertise to European market Develops lightweight structural and exterior components Enables joint development projects with European automakers SAILAUF, Germany, March 07, 2018 — Magna’s new Composites Center of Excellence in Esslingen, Germany, aims to help European automakers meet increasingly… Continue reading News Release – Magna Launches New Composites Center of Excellence in Germany

Ensuring safety in autonomous cars

KITT, the Batmobile, that awesome Audi in I, Robot. People have been imagining self-driving cars for generations. One day, people will be able to effortlessly cruise around and fight crime, or maybe just take a nap – we’re not all action heroes – but what would it really take to have a level 5 autonomous… Continue reading Ensuring safety in autonomous cars

Putting science into standards : driving towards decarbonisation of transport : safety, performance, second life and recycling of automotive batteries for e-Vehicles.

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Grand Opening: BorgWarner Inaugurates Latest Turbocharger Production Facility in Thailand

New state-of-the-art manufacturing facility for turbochargers in Rayong Meets increasing demand for turbocharging technologies in the growing Southeast Asian market 69,965-square-foot facility featuring clean-room environment is designed according to lean production principles Auburn Hills, Michigan, March 8, 2018 – With a traditional ceremony, BorgWarner celebrated the inauguration of its newest production plant in the Eastern… Continue reading Grand Opening: BorgWarner Inaugurates Latest Turbocharger Production Facility in Thailand

Volkswagen Group realigns energy supplies: company power stations to change over from coal to gas

Press Release Group Wolfsburg, 08 March 2018 Volkswagen Group realigns energy supplies: company power stations to change over from coal to gas The Volkswagen Group is taking another key step towards significantly reducing environmental impact and is moving away from coal. The Group Board of Management has decided that the Group’s two   …more

Rimac Introduces AI Hypercar Powered by NVIDIA DRIVE

With the introduction of the C_Two, Rimac Automobili all-electric hypercar plans to incorporate AI functionality throughout, using our NVIDIA DRIVE AI car computer. Unveiled yesterday at the Geneva Motor Show, the C_Two will offer unprecedented performance together with bespoke technology. From Level 4 autonomy to AI-enabled driver assistance and recognition features, the C_Two introduces a number of… Continue reading Rimac Introduces AI Hypercar Powered by NVIDIA DRIVE

BMW Group reports eighth successive record year despite high upfront expenditure

Munich. The BMW Group once again demonstrated its ability to generate sustained profitability in 2017, posting its eighth successive record year. Despite a significant increase in upfront expenditure for future mobility the company reported its best ever figures to date for sales volume, revenues and earnings. In addition, the BMW Group delivered more than 100,000… Continue reading BMW Group reports eighth successive record year despite high upfront expenditure

Navistar Reports First Quarter 2018 Results

LISLE, Ill., March 8, 2018 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) today announced a first quarter 2018 net loss of $73 million, or $0.74 per diluted share, compared to a first quarter 2017 net loss of $62 million, or $0.76 per diluted share. First quarter 2018 results included $46 million of charges as a result… Continue reading Navistar Reports First Quarter 2018 Results

Committed to electric mobility in China: Daimler becomes shareholder of BJEV

Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler acquires a 3.93% stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a BAIC Group subsidiary Hubertus Troska: “The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC, and it underlines our commitment to the… Continue reading Committed to electric mobility in China: Daimler becomes shareholder of BJEV