Second quarter revenue grew to $867 million, up 72% year-over-yearBased on execution and improving market environment, raising outlook for fiscal 2019 SAN FRANCISCO, Aug. 07, 2019 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2019. “Lyft’s second quarter was marked by strong execution and important advances… Continue reading Lyft Announces Record Second Quarter Results
Category: Official Press Release
Lyft Announces Record First Quarter Results
First quarter revenue grew to $776 million, up 95% year-over-yearActive Riders grew to over 20.5 million in the quarter SAN FRANCISCO, May 07, 2019 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its first quarter ended March 31, 2019. “The first quarter was a strong start to an important year, our first… Continue reading Lyft Announces Record First Quarter Results
Automotive News Covers Velodyne SVP Mircea Gradu’s Push to Standardize Automotive Safety Regulations
Automotive News Covers Velodyne SVP Mircea Gradu’s Push to Standardize Automotive Safety RegulationsAugust 9, 2019|In Media Coverage|By Albie Jarvis
Adopting standardized safety regulations will help
automakers reduce the cost and complexity of vehicle autonomy and driver
assistance and make it easier for consumers to understand how the capabilities
work.
That was a key theme of a presentation by Velodyne Lidar Senior
Vice President of Quality and Validation Mircea Gradu at the 2019 CAR
Management Briefing Seminars, according to an Automotive
News story by Richard Truett.
The story noted:
“Having one global standard would allow suppliers and
automakers to cut development cost and product complexity. For example, some
countries require a driver’s hands to always be on the steering wheel in a
vehicle that can steer itself, while other countries do not, he (Gradu) pointed
out.”
All vehicle autonomy and driver assistance capabilities need
to be assessed by the same safety gauge to benefit both the industry and
consumers.
To read the complete Automotive News story, please go
here:
https://www.autonews.com/management-briefing-seminars/agree-1-set-self-driving-rules-velodynes-gradu-urges-automakers
That was a key theme of a presentation by Velodyne Lidar Senior
Vice President of Quality and Validation Mircea Gradu at the 2019 CAR
Management Briefing Seminars, according to an Automotive
News story by Richard Truett.
The story noted:
“Having one global standard would allow suppliers and
automakers to cut development cost and product complexity. For example, some
countries require a driver’s hands to always be on the steering wheel in a
vehicle that can steer itself, while other countries do not, he (Gradu) pointed
out.”
All vehicle autonomy and driver assistance capabilities need
to be assessed by the same safety gauge to benefit both the industry and
consumers.
To read the complete Automotive News story, please go
here: https://www.autonews.com/management-briefing-seminars/agree-1-set-self-driving-rules-velodynes-gradu-urges-automakers
Agents of change ‘Shine Bright’
Newsroom/Stories/Agents of change 'Shine Bright'
Agents of change 'Shine Bright'
At the launch of author Rashmi Bansal's tenth book, Shine Bright, (L-R) Kirti Poonia, Head at Okhai, Vineet Gautam, CEO, Bestseller India, Dr Pawan Goenka, MD, M&M, Harsh Kumar Bhanwala, Chairman, National Bank for Agriculture and Rural Development (NABARD), and R Mukundan, MD and CEO, Tata Chemicals.
Is being an entrepreneur the only way to bring about an impact? What if you could do things that entrepreneurs do, but within the structure of an organization? Shine Bright, the latest book by best-selling author Rashmi Bansal chronicles inspiring stories from CEOs, including Dr Pawan Goenka, MD, M&M. The book takes us on a ride, up close and personal which is equal parts arduous and fulfilling. Tracing his tryst with destiny that began in a small village on the outskirts of MP and took him to Kolkata, Kanpur, and then the US, Dr Goenka speaks from the heart in 'Shine Bright', and drives home the fact that if one is not stuck' to the job, they too can be an agent of change.
Sharing anecdotes from his job interview with Anand Mahindra back in 1992, Dr Goenka, said, 'Looking at my resume at that time nobody would have considered me fit for the job that I was hired for because I knew all about a job that nobody cared about. Whereas in this job I had to do something much broader than what I had ever done in my life. Anand Mahindra only said – If you believe in the dream, and if it challenges you come and join the team. There was no discussion about the role, the designation or to whom I would report. Anand’s vision for R&D clinched the deal and I signed on the dotted line.'
Under Pawan Goenka's able leadership, Mahindra Auto now competes with global giants – and outperforms them. From taking charge of the R&D facility in Nashik to developing the iconic Scorpio from scratch, the professional struggle, personal turmoil and resilience through the years, shaped Dr Goenka into an ‘intrapreneur'.
Tech Mahindra Acquires Leading Strategic Design Consultancy, Mad*Pow
Newsroom/Press Releases/Tech Mahindra Acquires Leading Strateg…
Tech Mahindra Acquires Leading Strategic Design Consultancy, Mad*Pow
Collaboration Strengthens Customer Experience Portfolio and Global Reach
Boston, New Delhi – July 30, 2019: Tech Mahindra, a leading provider of digital transformation and consulting services and solutions has announced the acquisition of Mad*Pow, a strategic design consultancy headquartered in the US. The addition of Mad*Pow to the Tech Mahindra portfolio is expected to help bolster capabilities in Customer Experience (CX) and digital transformation such as research, experience strategy and service design, user experience design, behavior change design, content strategy, mobile app and web development, design ops, data science and analytics. The Boston-area consultancy will offer a strong complement to Tech Mahindra’s existing offerings and capabilities across design, marketing and commerce.
CP Gurnani, MD & CEO, Tech Mahindra, said, “Mad*Pow's acquisition is in sync with Tech Mahindra’s global digital charter. With this collaboration, our digital footprint will take a deeper root not just in the US, but in the wider ecosystem world over. I welcome the Mad*Pow team into the Tech Mahindra family, and I am confident that together we will achieve greater success.”
A pioneer in the experience design field, Mad*Pow leverages strategic design and the psychology of motivation to create innovative experiences and compelling digital solutions for global clients. Mad*Pow’s unique human-centered design approach is fueled by deep empathy and an understanding of behavior science, which will create real differentiation for Tech Mahindra’s 900+ customers.
Will Powley, Founder and Chief Creative Officer, Mad*Pow, said, “Tech Mahindra’s experience and reach will enable Mad*Pow to scale faster by greatly enhancing its digital transformation offerings with existing and potential clients. The collaboration will also create vast opportunities for Mad*Pow to provide it’s unique and differentiated strategic design services to Tech Mahindra's large global customer base.”
Vivek Agarwal, Global head of Corporate Development, Tech Mahindra, said, “We are excited to announce Tech Mahindra’s key acquisition of a digital asset in North America. The addition of Mad*Pow to Tech Mahindra family will greatly enhance our ability to create and deliver enhanced customer experiences for our global clients.”
Mad*Pow’s acquisition underlines Tech Mahindra’s focus on digital growth, under the TechMNxt charter, which focuses on leveraging next generation technologies and solutions to disrupt and enable digital transformation, and to build and deliver cutting-edge technology solutions and services to address real world problems to meet the customer’s evolving and dynamic needs.
About Mad*Pow
Mad*Pow is a purpose-driven, strategic design consultancy that strives to work on projects that promote health, financial wellbeing, and social impact. Since 2000, Mad*Pow has been collaborating with customers to make a positive influence on people’s lives and solve real world problems. Mad*Pow’s senior team of 80+ designers, strategists, behaviour change experts, researchers, technologists, and creative thinkers are focused on helping their clients with experience innovation, behaviour change, and digital solutions.
About Tech Mahindra
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 125,700+ professionals across 90 countries, helping 941 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).
We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.
Connect with us on www.techmahindra.com || Our Social Media Channels
Facebook
Twitter
Linkedin
Youtube
For more information on Tech Mahindra, please contact:
Tuhina Pandey, Global Corporate Communications
Email: media.relations@techmahindra.com; Tuhina.Pandey@TechMahindra.com
The most powerful Porsche Cayenne is a plug-in hybrid
All Cayenne models feature LED headlights, a cruise control system with speed limiter function, camera-based pedestrian protection and Park Assist at the front and rear – including a rear-view camera system in the Cayenne Coupé. Optional extras include LED matrix beam headlights, a head-up display, Night Vision with thermal imaging camera, and the Porsche InnoDrive… Continue reading The most powerful Porsche Cayenne is a plug-in hybrid
Moon Walks, Woodstock and the Ford Capri; Celebrating the 50th Anniversary of an Iconic Sports Car
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Moon Walks, Woodstock and the Ford Capri; Celebrating the 50th Anniversary of an Iconic Sports Car
It was the year man walked on the moon for the first time, the legendary Woodstock festival took place and the very first Boeing 747s reached for the skies. In that same year, half a century ago, Ford’s Capri hit Europe’s roads for the first time.
When it launched in 1969, it was billed as “the car you always promised yourself” and more than 1.8 million people would make good on that promise. The demand saw Ford’s Cologne plant in Germany produce Capris for the next 17 years, through three generations, until 1986. Since then countless drivers have continued to own, drive and enjoy one of Europe’s most recognisable sports cars.
A new video to mark the model’s 50th birthday takes a rare RS2600 Capri on a nostalgic trip; from its birthplace to the forests of the nearby Eifel mountains – where extensive testing occurred before launch – and then on..
Toyota and Preferred Networks to Begin Joint Development on Service Robots that Cater to Market Needs
Aug. 07, 2019
Toyota and Preferred Networks to Begin Joint Development on Service Robots that Cater to Market NeedsUsing Toyota's Human Support Robot as a base, the two companies will accelerate development by sharing their respective technologies
Avtovaz resumes production after three-week holidays
MOSCOW, August 12. /TASS/. Avtovaz resumed operations after the three-week corporate vacation, the Russian automaker’s press service told TASS.
“Yes, Togliatti and Lada Izhevsk got back [from vacation – TASS],” the press service said.
Scheduled upgrade and required repair activities continued at enterprises of the Avtovaz Group during the vacation period from July 22 to August 11.
Avtovaz increased Lada car sales on the Russian market by 2.2% year-on-year in January -July 2019, the company reported. Lada sales in July 2019 rose 0.3% annually to 29,500 cars, Avtovaz said.
Avtovaz is the Russia’s largest carmaker, with over 560,000 vehicles produced in 2018. The Avtovaz Group is part of the Renault-Nissan-Mitsubishi alliance.
Disused electric car batteries to be repurposed for storage
Electric car companies and battery makers are exploring new ways to recycle used batteries as China braces for a wave of them being taken out of service.Daimler AG’s subsidiary Mercedes-Benz Energy and Beijing Electric Vehicle intend to establish energy storage systems in China with disused batteries from the Chinese electric carmaker.It was co-built by Shenzhen Bak Battery and China Southern Power Grid using disused Bak batteries which were previously used to power electric vehicles.