Category: Official Press Release

Honda Plans to Race with Hybrid Powertrains in INDYCAR Racing

August 5, 2019 – TORRANCE, Calif TORRANCE, Calif – Aug. 5 – Honda today applauded the announcement by INDYCAR that it will introduce hybrid powertrains to race cars in the NTT Indycar Series for the 2022 season. The plan to begin using hybrid powertrains in a pinnacle racing series like INDYCAR parallels a recent announcement… Continue reading Honda Plans to Race with Hybrid Powertrains in INDYCAR Racing

Color On-Point: New Lincoln Navigator Arrives with Three Striking Monochromatic Themes, Advanced Technology

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Color On-Point: New Lincoln Navigator Arrives with Three Striking Monochromatic Themes, Advanced Technology

The Monochromatic Package, available on the Navigator Reserve series, offers on-trend exterior sweeps of color that showcase the bold lines of Lincoln’s full-size SUV
Lincoln-exclusive Phone As A Key technology comes to 2020 Navigator; more standard technology and luxurious features added, including Lincoln Co-Pilot360™, a wireless charging pad and power running boards
Navigator, the most awarded luxury SUV in its class, continues to impress with more than 66 percent of sales coming from other brands; nine out of 10 clients choose high series Reserve or Black Label Navigators

DEARBORN, Mich., July 15, 2019 – A sweeping length of monochromatic color that’s clean, dramatic and designed to turn heads showcases the bold, elegant lines of the Lincoln Navigator and hints at the sanctuary within. Three choices for this signature exterior palet..

Electronic Design Coverage: Velodyne Powers Autonomous Street Sweepers in China

August 1, 2019 While lidar technology in self-driving cars garners much attention, the technology supports several vehicle applications including street sweepers. Murray Slovick of Electronic Design wrote an article on a street cleaning vehicle from Idriverplus, called “Viggo,” which is an unmanned, purely electric solution that intelligently sweeps roads. The article notes: “Velodyne Lidar sensors… Continue reading Electronic Design Coverage: Velodyne Powers Autonomous Street Sweepers in China

Forbes Covers Velodyne Lidar’s Mapper Acquisition

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

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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