Cummins Reports Third Quarter 2020 Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2020. Third quarter revenues of $5.1 billion decreased 11 percent from the same quarter in 2019. Sales in North America declined by 18 percent while international revenues were flat. Currency negatively impacted revenues by 1 percent primarily due to a weaker… Continue reading Cummins Reports Third Quarter 2020 Results

Tata Motors net loss widens to Rs 307 crore in Q2

New Delhi: Tata Motors on Tuesday posted a consolidated net loss of Rs 307.3 crore for the quarter ended September 30. It reported a loss of Rs 187.70 crore in the corresponding quarter last year. Firm’s total revenue from operation declined 18.19% Y-o-Y at Rs 53,530 crore during the quarter under review. Guenter Butschek, CEO… Continue reading Tata Motors net loss widens to Rs 307 crore in Q2

@Renault: LADA: new dealer center opened in Belarus000115

New LADA dealer center has opened in the city of Bobruisk – this will strengthen the position of the car brand, which is already the leader of the Belarus market (according to the results of September, the best-selling model in Belarus was LADA Vesta).Bobruisk became the tenth city in Belarus where official importer – Ardera… Continue reading @Renault: LADA: new dealer center opened in Belarus000115

@Renault: THE NEW RENAULT MÉGANE SEDAN: THE PRESTIGIOUS SEDAN…000115

Elegant and refined design The New Mégane Sedan integrates 100% Pure Vision LED technology, which is more efficient on the road, as well as the emblematic Renault C-Shape light signature (C-Shape). At the front, it has a new bumper and a new grille incorporating chrome elements. Air deflectors appear at the front of the wheel… Continue reading @Renault: THE NEW RENAULT MÉGANE SEDAN: THE PRESTIGIOUS SEDAN…000115

Magna’s CLEARVIEW Camera Monitoring System to Debut In 2022

Complete camera monitoring system with advanced featuresCombines expertise in exterior/interior mirrors, cameras, electronics and softwareImproves driver visibility and safety with customizable field of viewsAURORA, Ontario, Oct. 27, 2020 (GLOBE NEWSWIRE) — After winning new business across multiple vehicle models for a global automaker, it’s official: Magna’s CLEARVIEW™ technology will enter the market in 2022. Using… Continue reading Magna’s CLEARVIEW Camera Monitoring System to Debut In 2022

Continental Expands LiDAR Technology Portfolio by Investing in Robotic Vision and Sensing Pioneer AEye

We now have optimum short-range and world-class long-range LiDAR technologies with their complimentary set of benefits under one roof. This puts us in a strong position to cover the full vehicle environment with state-of-the-art LiDAR sensor technology and to facilitate Automated Driving at SAE levels 3 or higher in both passenger cars and commercial vehicle applications.
Continental has signed an agreement for a minority investment in California-based LiDAR pioneer AEyeBoth companies are jointly developing a high-performance long-range LiDAR sensor based on AEye’s patented 1550nm agile architecture that utilizes a novel advanced micro MEMS technologyAim is to industrialize and commercialize this technology for Automated Driving on SAE levels 3 or higher with a dual focus on passenger and commercial vehicle use casesSanta Barbara/Dublin, CA (USA) – October 27, 2020 – Technology company Continental is further strengthening its LiDAR sensor portfolio through a minority investment in LiDAR pioneer AEye, Inc. LiDAR sensors belong, besides camera and radar, to the key technologies for Automated Driving. Continental has accumulated over 20 years of expertise in LiDAR sensors alone. AEye, located in Dublin, California (USA), has developed a long-range LiDAR technology combining an amplifiable 1550nm laser with patented feedback-controlled Microelectromechanical System (MEMS) scanner. This technology can be configured via software and thus be optimized for manufacturers vehicle and applications. The AEye LiDAR offers maximum leverage for passenger and commercial vehicle applications because it combines a high dynamic spatial resolution with a long-range detection. Vehicles can be detected at a distance of more than 300 meters and pedestrians at a distance of more than 200 meters. AEye’s ability to detect small, low-reflective objects, such as bricks, at a distance of 160 meters with multiple measuring points is pivotal for Automated Driving in both passenger cars and commercial vehicles. Continental will utilize this LiDAR technology and industrialize the sensor to deliver a fully automotive-grade product. The first series production is currently scheduled for the end of 2024.
By partnering with AEye, Continental complements its existing short-range 3D Flash LiDAR technology, which goes into series production later this year, supporting highly automated driving in a global premium vehicle program. This start of production of the High-Resolution 3D Flash LiDAR (HFL) is a key milestone. It is the first high-resolution solid-state LiDAR sensor to go into series production in the automotive market worldwide.
“We now have optimum short-range and world-class long-range LiDAR technologies with their complimentary set of benefits under one roof. This puts us in a strong position to cover the full vehicle environment with state-of-the-art LiDAR sensor technology and to facilitate Automated Driving at SAE levels 3 or higher in both passenger cars and commercial vehicle applications,” said Frank Petznick, head of the Advanced Driver Assistance Systems (ADAS) business unit at Continental.
Blair LaCorte, CEO of AEye Inc., welcomes the Continental investment by saying, “ADAS solutions require a unique mix of performance, scalability, packaging, and a long-term commitment to reliability and safety. Continental is a recognized leader in automotive sensing technology as well as in automotive product industrialization and commercialization. We look forward to working closely with their team to customize our modular and scalable design to deliver Continentals high-performance long-range LiDAR systems to the world’s leading vehicle manufacturers.”
Commercial vehicle application is a touchstoneAutomated vehicles capable of AD SAE level 3 or higher require a sensor setup that includes camera, radar and LiDAR to detect objects and usable trajectories around the vehicle. LiDAR sensors offer the strength of robust 3D pixel level detection at high resolution. Continental uses tailored automotive-grade LiDAR technology for both short- and long-range sensing. For the short range, 3D Flash LiDAR technology offers 3D pixel images very quickly and precisely by illuminating and capturing an entire scene in one pulse per frame of data (global shutter technology). For a robust detection of objects at long-range distances, 1550nm agile LiDAR technology provides a proven combination of software configurable HD resolution of over 1600 points per square degree and detection ranges beyond 300 meters. The patented MEMS-based design of AEye’s LiDAR provides tremendous solid-state reliability, while also delivering uncompromising performance under adverse weather and road conditions.
Commercial vehicles with their large mass and longer stopping distance face special challenges to enable safe automated driving. Automation for these vehicles will require a maximum sensor range and resolution to ensure sufficient processing time for automated decisions and actions.
“By bringing leading edge technology together from all three environmental sensor areas, we are creating synergetic effects that will benefit the vehicle manufacturers,” Petznick said. “Continental has vast expertise in all three sensor technologies and in software development. Access to 1550nm MEMS LiDAR technology is another step in this successful sensor strategy.”
About ContinentalContinental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. In 2019, Continental generated sales of €44.5 billion and currently employs more than 232,000 people in 59 countries and markets.
For Continental, automated driving is an essential building block of future mobility. It will significantly change people’s journeys, for example, on the highway, in the city, and when parking. In 2012, Continental became the first automotive supplier worldwide to receive a license for highly automated test drives on public roads in the US state of Nevada. Sensors, control units, brake systems, software, connectivity solutions, driving functions as well as information and control systems for automated driving are developed in a global network focusing on Japan, China, the USA, India, and Europe. In the future, this will enable a wide range of solutions between partially automated and driverless vehicles. The aim is a seamless, efficient, sustainable, and comfortable mobility without crashes.
Press Contact:
Miriam Baum
External Communications
Autonomous Mobility and Safety Business Area
Continental
Phone: +49 69 7603 9510
Email: [email protected]
Soeren Pinkow
External Communications
Autonomous Mobility and Safety Business Area
Continental
Phone: +49 69 7603 8492
Email: [email protected]
Press Portal: www.continental-press.com
Media Center: continental.com/media-center
Continental Expands LiDAR Technology Portfolio by Investing in Robotic Vision and Sensing Pioneer AEye —AEye Appoints Blair LaCorte as CEO; Luis Dussan Named President and CTOAEye Team Profile: Steven WongSecurity Magazine Explores LiDAR for Security ApplicationsAEye Team Profile: Viktoria ParkerAEye Reveals Advanced MEMS That Delivers Solid-State Performance and Reliability Needed to Advance Adoption of Low-Cost LiDARTime of Flight vs. FMCW LiDAR: A Side-by-Side Comparison50G Positive Z-DirectionAEye Sets New Benchmark for LiDAR Range4Sight Shock and Vibe Testing

@Tata-JLR: JAGUAR LAND ROVER GENERATES PROFIT AND POSITIVE CASH FLOW IN SECOND QUARTER OF FISCAL 2020/21 ON CONTINUED SALES RECOVERY

Notes to editors Jaguar Land Rover has a growing portfolio of electrified vehicles across its model range, embracing fully electric, plug-in hybrid and mild-hybrid vehicles. In addition to the all-electric Jaguar I-PACE, the company’s electrified line-up currently includes plug-in hybrid variants of the Range Rover, Range Rover Sport, Range Rover Evoque, Land Rover Discovery Sport, Land Rover Defender,… Continue reading @Tata-JLR: JAGUAR LAND ROVER GENERATES PROFIT AND POSITIVE CASH FLOW IN SECOND QUARTER OF FISCAL 2020/21 ON CONTINUED SALES RECOVERY

Geely-backed intelligent auto developer ECARX nets $194m Series A led by Baidu

Chinese Internet search giant Baidu has led a 1.3-billion-yuan ($194 million) Series A funding round in ECARX, an intelligent auto solutions provider backed by automaker Geely. The new investment, which valued ECARX at over 10 billion yuan ($1.5 billion), also saw participation from investment firm SIG China, investment bank Lighthouse Capital, the exclusive financial adviser… Continue reading Geely-backed intelligent auto developer ECARX nets $194m Series A led by Baidu

Lordstown Motors pushes forward with Endurance electric truck

Farmington Hills — Now that Lordstown Motors Corp. has the financial backing it needs, the electric vehicle startup is hoping to beat its competition to market by delivering its electric truck by next September. Northeast Ohio-based Lordstown Motors and DiamondPeak Holdings Corp., a special purpose acquisition company, completed a merger that makes the EV startup a publicly traded… Continue reading Lordstown Motors pushes forward with Endurance electric truck