Munich, Germany – August 3, 2021… The BMW Group continued performing dynamically in the second quarter, setting new record figures for sales, earnings and net profit. Demand for the Group’s premium vehicles has remained strong, with continued good pricing.Reported figures for the second quarter improved significantly compared to one year earlier, when the BMW Group… Continue reading @BMW: BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage001347
Category: Official Press Release
Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries
KYOTO, Japan, Aug. 03, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed yesterday, with certain exceptions, the acquisitions of: 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 Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries
Efficiency at Every Turn: Fuel Me Transforms the Transportation Industry
There are several factors in the fueling process that consistently cause companies to lose both time and money. The most common friction areas in the transportation industry are (1) inefficient time management, (2) budget inconsistencies due to the lack of visibility until the time of invoice, and (3) the inability to track fuel orders—all of… Continue reading Efficiency at Every Turn: Fuel Me Transforms the Transportation Industry
World NM: MG Motor, Jio bring connected car solutions to Indian SUV market001426
MG Motor India on Tuesday announced a partnership on the Internet of Things (IoT) space with digital services provider Jio. The car maker will provide seamless integration of IT systems enabled by Jio’s IoT solution in its upcoming mid-size SUV. MG Motor India had begun its journey in India with the launch of the country’s… Continue reading World NM: MG Motor, Jio bring connected car solutions to Indian SUV market001426
@Ford: Hau Thai-Tang to Discuss Ford+, Winning in Electrification At J.P. Morgan Virtual Automotive Conference Next Week
DEARBORN, Mich.–(BUSINESS WIRE)–Hau Thai-Tang, Ford’s chief product platform and operations officer, will discuss key elements of the Ford+ plan for growth and value creation in a fireside chat with autos analyst Ryan Brinkman at the J.P. Morgan Virtual Automotive Conference at 8:00 a.m. ET on Wednesday, Aug. 11. Thai-Tang will describe how Ford+ is centered… Continue reading @Ford: Hau Thai-Tang to Discuss Ford+, Winning in Electrification At J.P. Morgan Virtual Automotive Conference Next Week
@Geely: Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021
Jinhua, China, Aug. 03, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it will report its second quarter 2021 financial results on Monday, August 9, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial… Continue reading @Geely: Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021
Local Motors selects alwaysAI® as its Computer Vision partner for automated accessibility features and enhanced customer experience on Olli 2.0
alwaysAI®‘s platform will enable automated accessibility features and enhanced passenger experience in Local Motor’s AV products. These features will allow transit services to reach more passengers, drive up vehicle utilization, and improve passenger safety. “Computer vision is a critical part of the new transportation industry. CV provides intelligent sight to autonomous vehicles, like the shuttles… Continue reading Local Motors selects alwaysAI® as its Computer Vision partner for automated accessibility features and enhanced customer experience on Olli 2.0
@Daimler: Mercedes-Benz and GROB launch battery cooperation
Mercedes-Benz is intensifying its cooperation with GROB-WERKE in the field of manufacturing technology, expanding its production capacity and know-how for next-generation batteries. Stuttgart/Mindelheim – Local battery production is a key differentiator for Mercedes-Benz and its electric push. The company’s global battery production network will include nine battery factories on three continents underscoring the company’s ambition… Continue reading @Daimler: Mercedes-Benz and GROB launch battery cooperation
Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
SUNNYVALE, Calif.–(BUSINESS WIRE)– #Automotive–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the successful driving demonstration of its S3 Series LiDAR, a true solid state LiDAR sensor using an industry-first Optical Phased Array (OPA) technology and a scalable CMOS silicon manufacturing process… Continue reading Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
Cummins Reports Second Quarter 2021 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2021. Second quarter revenues of $6.1 billion increased 59 percent from the same quarter in 2020. Sales in North America increased 74 percent while international revenues increased 42 percent driven by strong demand across all global markets compared to the same… Continue reading Cummins Reports Second Quarter 2021 Results