Category: Official Press Release

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

Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely

STOCKHOLM, March 8, 2018 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has together with its software joint venture Zenuity, been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as supplier for Geely’s Level 3 project, which… Continue reading Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely

Taxify gathers in Cape Town for Winter Conference 2018

Originally a small start-up from Estonia, Taxify has skyrocketed in the last two years to become one of the fastest growing ride-hailing companies in the world and a truly global place to work. Our team has grown to over 450 people across 23 countries and 55 nationalities. At the end of February a part of… Continue reading Taxify gathers in Cape Town for Winter Conference 2018

Volkswagen to pay employees covered by collective bargaining agreements a performance-related bonus of €4,100

News Press Release News Brand Wolfsburg, 08 March 2018 Volkswagen to pay employees covered by collective bargaining agreements a performance-related bonus of €4,100 For 2017, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,100 gross, including a special reward. This bonus is based on   …more

Strong Growth and Excellent Financial Position

Targets surpassed – Continental enjoyed strong growth and profitability in fiscal 2017 Sales were up 8.5 percent at €44 billion with an adjusted EBIT margin of 10.9 percent Net income increased to €3 billion and earnings up to €14.92 per share Executive Board to propose a dividend increase of 25 cents to €4.50 per share… Continue reading Strong Growth and Excellent Financial Position

From vehicle finance provider to mobility service provider: Mercedes-Benz Bank grows with new products

Contract portfolio grows by 12 percent in 2017 to 26.9 billion euros CEO Franz Reiner: “The trend is towards flexible vehicle use and telematics-based billing.” New offers “InScore” and “Mercedes me Flexperience” Stuttgart – The business model of Mercedes-Benz Bank is transforming rapidly due to substantial changes related to customer needs. The traditional car loan… Continue reading From vehicle finance provider to mobility service provider: Mercedes-Benz Bank grows with new products