July 30, 2019 The combination of Velodyne lidar hardware and emerging software capabilities is poised to revolutionize advanced driver assistance systems (ADAS) performance and safety. In an article in Forbes Magazine, Liane Yvkoff wrote that Velodyne Lidar acquired mapping and localization software as well as intellectual property assets from Mapper.ai. Mapper technology gives Velodyne access… Continue reading Forbes Covers Velodyne Lidar’s Mapper Acquisition
Category: Official Press Release
MADD Teams with Velodyne Lidar for a Second Year to Advance Understanding of Autonomous Vehicle Technology
July 30, 2019 Mothers Against Drunk Driving (MADD) is proud to partner for a second year with Silicon Valley-based Velodyne Lidar, Inc., a market leader of real-time 3D perception systems used in a variety of commercial applications, including autonomous vehicles. The partnership continues a public education effort across the country on the safety benefits of… Continue reading MADD Teams with Velodyne Lidar for a Second Year to Advance Understanding of Autonomous Vehicle Technology
Didi, BP team up to build EV infrastructure
Ride-hailing firm Didi Chuxing and UK energy giant BP announced on Thursday that they have agreed to form a new joint venture to build electric vehicle charging infrastructure in China, the world’s largest market for electric vehicles.Under the deal, the new venture plans to develop a network of EV charging hubs across China as part of a broad effort to better tap opportunities of electrification in the automobile sector.The joint venture will develop stand-alone, reliable and high-quality charging hubs to provide EV charging services to Didi’s drivers and the public.
Suzuki posts 46 per cent drop in Q1 profit on slowing India demand
Suzuki Motor Corp on Monday reported a 46.2 per cent fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.Japan’s fourth-largest automaker posted an operating profit of 62.7 billion yen (S$818.6 million) for the April-June quarter, down from 116.5 billion yen a year earlier and below a mean forecast of 69.09 billion from eight analysts.Slowing profit growth could hamper its ability to invest in and develop lower-emissions vehicles and on-demand transportation services necessary to survive the technological upheaval currently underway in the global auto industry.
GM Korea set to increase imports, reduce local output
By Nam Hyun-woo GM Korea appears to be more interested in bringing more Chevrolet vehicles into the country rather than manufacturing them at its plants.It has applied for membership in the Korea Automobile Importers & Distributors Association (KAIDA).It is also a member of the Korea Automobile Manufacturers Association (KAMA).
Notice Regarding Completion of Payment for Disposal of Own Shares as Restricted Stock Compensation
July 31, 2019
Notice Regarding Completion of Payment for Disposal of Own Shares
as Restricted Stock Compensation
Company name:SUBARU CORPORATION
Representative:Tomomi Nakamura, President and CEO
Code number:7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries:Katsuo Saito, Vice President
and General Manager of Investor Relations Department
Phone:+81-3-6447-8825
Subaru Corporation (the “Company”) hereby announces that payment procedures were completed on July 31, 2019 as follows for the disposal of its own shares as stock compensation that was resolved by its Board of Directors pursuant to Article 370 of the Companies Act of Japan and Article 29 of the Articles of Incorporation (written resolution in lieu of a Board of Directors meeting) on July 10, 2019. For more information on this matter, please refer to “Notice Regarding Disposal of Own Shares as Restricted Stock Compensation” announced on July 10, 2019.
Overview of Disposal of Own Shares
(1) Class and number of shares to be disposed
56,827 shares of common stock of the Company
(2) Disposal price
¥ 2,632 per share
(3) Total value of share disposal
¥ 149,568,664
(4) Grantees of shares and number thereof;
number of shares to be granted
The Company’s Directors (excluding Outside Directors)
6 persons, 20,134 shares
The Company’s Executive Officers
19 persons, 36,693 shares
(5) Payment date
July 31, 2019
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[PDF/138 KB]
STYLE SET FREE – Hyundai Motor’s vision for future mobility
Hyundai will offer a glimpse of how it envisages the future in-car experience under the concept STYLE SET FREE With STYLE SET FREE, Hyundai demonstrates its customer-centric approach to future mobility Cars set to become extensions of living spaces so customers will be able to personalise their vehicles as they do their homes 5 August… Continue reading STYLE SET FREE – Hyundai Motor’s vision for future mobility
Human Horizons unveils first vehicle ready for production
Chinese startup Human Horizons unveiled its first production-ready prototype vehicle, called HiPhi 1, last week in Shanghai, targeting the premium segment of the growing electric car market.It aims to create the ultimate mobility solution composed of smart cities, smart infrastructure and smart vehicles.Human Horizons also launched a pilot smart road program in January this year in Yancheng, Jiangsu province.
BAIC Group thinks beyond carmaking to drive business
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GAC Group keeping pace with fast-changing new energy car sector
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