Tue, Feb 11, 2020 07:30 CET Lesjöfors’ market was heavily affected by external factors last year. An overall downturn in the automotive aftermarket, uncertainty with Brexit and the trade conflict between America and China was some of them. To be prepared for the future, Lesjöfors has made major investments in existing operations and acquired highly… Continue reading Lesjöfors’ new CEO: “We see both challenges and opportunities in 2020”
Category: Automotive
Carbon Relay Raises $63M in Funding
Carbon Relay, a Boston, MA and Washington, DC-based provider of a solution to optimize application performance in Kubernetes environments, raised $63m in funding. Insight Partners made the investment. The company intends to use the funds to accelerate the growth of its Red Sky Ops solution for optimizing application performance in Kubernetes environments. Founded in 2015… Continue reading Carbon Relay Raises $63M in Funding
HyreCar, Clutch to Launch Sharing, On-Demand Mobility Solution
HyreCar’s dealer clients will be able to utilize Clutch’s industry-leading subscription software that powers a variety of convenient consumer-centric transportation solutions, such as single vehicle subscription and service pickup and delivery. Photo via HyreCar. HyreCar and Clutch Technologies, a Cox Automotive brand subscription and mobility services software, have partnered to bring to market a mobility… Continue reading HyreCar, Clutch to Launch Sharing, On-Demand Mobility Solution
Exclusive: Germany’s Volkswagen and Daimler push for more ‘sustainable’ Chile lithium
FILE PHOTO: A view of Pedernales Salt Flat in the Atacama Desert, Chile November 27, 2019. REUTERS/Fabian Cambero SANTIAGO (Reuters) – German automakers Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE) have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns… Continue reading Exclusive: Germany’s Volkswagen and Daimler push for more ‘sustainable’ Chile lithium
Daimler CEO says meeting CO2 targets in 2020, 2021 a challenge
STUTTGART, Germany (Reuters) – Daimler (DAIGn.DE) will not sacrifice the profitability of next generation electric cars Chief Executive Ola Kaellenius said on Tuesday, as the carmaker struggles to meet more stringent European Union anti-pollution rules. Pressure is mounting on carmakers to flood the market with low emission vehicles to avert heavy pollution fines as customers… Continue reading Daimler CEO says meeting CO2 targets in 2020, 2021 a challenge
@FCA: Michigan Minority Supplier Development Council Names FCA Executive as Chairman of the Board
Michigan Minority Supplier Development Council Names FCA Executive as Chairman of the Board February 11, 2020 , Auburn Hills, Mich. – The Michigan Minority Supplier Development Council (MMSDC) named FCA North America Head of Purchasing and Supply Chain Management Scott Thiele as Chairman of the Board for the next two years, leading the group’s efforts to… Continue reading @FCA: Michigan Minority Supplier Development Council Names FCA Executive as Chairman of the Board
Goodyear Reports Fourth Quarter, Full-Year 2019 ResultsFeb 11, 2020AKRON, Ohio, Feb. 11, 2020 – The Goodyear Tire & Rubber Company today reported resu…
— Full-year cash flow from operations of $1.2 billion, up 32% year over year, reflecting improved working capital performance — U.S. consumer replacement volume increased 4% in 2019, driven by strong growth in the premium, large-rim diameter segment — Fourth quarter global replacement volume growth outpaced the industry — Growth in global commercial truck tire… Continue reading Goodyear Reports Fourth Quarter, Full-Year 2019 ResultsFeb 11, 2020AKRON, Ohio, Feb. 11, 2020 – The Goodyear Tire & Rubber Company today reported resu…
Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project
BEIJING, Feb. 11, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, announced today that Ford Motor Corporation (NYSE: F) has selected Luokung’s subsidiary eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) as the only provider… Continue reading Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project
M&M open to other OEMs joining as co-owners in Mahindra Electric
Going by the scale of investments made, and the time (2010) in which the first lot of investment was made, Mahindra & Mahindra (M&M) would qualify as the strongest proponent of electric mobility. But things haven’t gone as projected as the electric vehicle (EV) market evolution didn’t quite match expectations. Market and economic conditions have… Continue reading M&M open to other OEMs joining as co-owners in Mahindra Electric
The Nikola Badger electric pickup revealed as Tesla Cybertruck competitor
Apparently, there’s always room for one more when it comes to electric pickups.Startup automaker Nikola has unveiled plans to offer an electric full-size pickup it is designing in collaboration with a major automaker that will produce it for the Phoenix-based brand.The Badger will compete for customers with upcoming models from Tesla, GMC, Ford and Rivian when the order book opens later this year.