Category: Automotive

Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital

Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital Shiloh Industries, Inc.(the “Company” or “Shiloh”), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware (the “Court”) and is moving forward… Continue reading Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital

@Hyundai: In-Car Biometric Technology For Human Interaction

Smartphones have brought many changes to everyday life; they have completely changed the way we communicate, consume, and presumably most importantly, the way we set the passcode. We no longer use numbers, alphabets, or symbols – we now use our body as a password. Biometric technology, which started with a fingerprint recognition system for unlocking… Continue reading @Hyundai: In-Car Biometric Technology For Human Interaction

@Honda: Honda Sets Half of Fiscal Year Records for Automobile Production in China

TOKYO, Oct 30, 2020 – (JCN Newswire) – Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for for the first half of the current fiscal year (April 2020-March 2021) and the month of September 2020. World Production The First Half of Current Fiscal Year – Production… Continue reading @Honda: Honda Sets Half of Fiscal Year Records for Automobile Production in China

Meal kit delivery firm Blue Apron ends strategic review process after business uptick

Meal-kit delivery company Blue Apron Holdings Inc said on Thursday its board has concluded a review of its strategic options, after raising cash and seeing an improvement in its business during the COVID-19 pandemic. New York-based Blue Apron, which went public in 2017, said in February it is considering options including going private and a sale of the company or… Continue reading Meal kit delivery firm Blue Apron ends strategic review process after business uptick

Tesla has increased the price of its ‘Full Self-Driving’ option to $10,000

Tesla has made good on founder and CEO Elon Musk’s promise to boost the price of its “Full Self-Driving” (FSD) software upgrade option, increasing it to $10,000 following the start of the staged rollout of a beta version of the software update last week. This boosts the price of the package $2,000 from its price… Continue reading Tesla has increased the price of its ‘Full Self-Driving’ option to $10,000

Elmar Degenhart Decides to Resign Early From His Position as CEO for Personal Reasons

Executive Board contract to end early effective November 30, 2020 Decision at personal request “Immediately necessary, preventive health care” as the decisive reason Supervisory Board Chairman Professor Wolfgang Reitzle, acknowledges Degenhart’s “outstanding and exemplary performance and excellent track record” The Supervisory Board will be convened at short notice to decide on the nomination of a… Continue reading Elmar Degenhart Decides to Resign Early From His Position as CEO for Personal Reasons

Gestamp’s Q3 results improved versus 201929.10.2020Gestamp has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generati…

Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generation despite continued challenging market conditions. Performance during Q32020 has been solid across regions with a 7.1 p.p. revenue outperformance… Continue reading Gestamp’s Q3 results improved versus 201929.10.2020Gestamp has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generati…

@Ford: Ford Launches Safety Insights to Help Cities Reduce Car Accidents

Ford Launches Safety Insights to Help Cities Reduce Car Crashes By Brett Wheatley, Director, Mobility Businesses, Autonomous Vehicles LLC & Mobility Partnerships, Ford Motor Company Reducing traffic accidents is a huge priority for cities across the nation. Traffic accidents are the leading cause of death for Americans under the age of 54, according to the U.S. Centers… Continue reading @Ford: Ford Launches Safety Insights to Help Cities Reduce Car Accidents

@GM: Chevrolet Previews Electric Connect and Cruise at SEMA360

Chevrolet Previews Electric Connect and Cruise at SEMA360 1977 K5 Blazer-E features Chevrolet Performance eCrate package, expected to be available second half of 2021 2020-10-29 DETROIT — At SEMA360, Chevrolet will showcase a 1977 K5 Blazer converted to all-electric propulsion. The K5 Blazer-E is a functional proof of concept of the upcoming Electric Connect and… Continue reading @GM: Chevrolet Previews Electric Connect and Cruise at SEMA360