Category: Automotive

LiDAR specialist Ibeo Automotive Systems GmbH establishes a U.S. subsidiary to boost its business in the United States

DETROIT and HAMBURG, Germany, July 29, 2019 /PRNewswire/ — Ibeo Automotive Systems, a LiDAR sensor specialist from Hamburg, has established a wholly owned subsidiary in the United States: Ibeo Automotive USA Inc. in Detroit. Paula Jones, the former director of the Customer Business Unit of Gentherm Inc., was named president and manages the new company. This step… Continue reading LiDAR specialist Ibeo Automotive Systems GmbH establishes a U.S. subsidiary to boost its business in the United States

Groupe PSA opens India Technical Center

The India Technical Center will play a key role in the smoother and more efficient working of the employees of PSA India New Delhi: French auto manufacturer Groupe PSA has opened its India Technical Center in Chennai One, part of one of the Chennai Special Economic Zones. The company claims this technical centre will enable… Continue reading Groupe PSA opens India Technical Center

BAIC becomes Daimler’s third-largest stakeholder

BAIC Group has acquired a 5 percent stake in Daimler AG, a reassuring move for the State-owned carmaker concerned about profitability in a sluggish market, and with the German automotive giant under the helm of a new head seeking further success in China.In the same period, China’s passenger car market fell 14 percent year-on-year.It runs a joint venture with BYD, another new energy vehicle giant in China, to develop and produce Denza-branded electric vehicles.