The joint venture marks Magna’s first investment in a complete vehicle manufacturing plant outside Europe.The joint venture will combine the company’s expertise in complete vehicle engineering and manufacturing with BAIC’s advantages in local manufacturing, marketing and distribution to support electric mobility in China, the world’s largest NEV market.China has been promoting the development of NEVs in recent years to help cut pollution.
Category: Automotive
Tesla To Produce More Than 100,000 Cars Per Quarter From Now On
To meet the guidance of 360,000 to 400,000 car sales in 2019, 200,000 need to be sold during the second half of the year. The second quarter was a record one for Tesla, with 95,356 deliveries (158,356 in H1). There are signs that it was the last quarter below 100,000 though. Currently, the Model 3 represents… Continue reading Tesla To Produce More Than 100,000 Cars Per Quarter From Now On
Bergmeister ADR 630 Shooting Grand Plugs Austro Daimler Back To Life
Shooting brake can run up to 155 miles just on its batteries juice. Electric mobility is allowing lots of defunct brands to raise from the dead. Take Hispano Suiza, but it is not the best example. The company is currently going through a fight for its brand that threatens to kill it again. Let’s get… Continue reading Bergmeister ADR 630 Shooting Grand Plugs Austro Daimler Back To Life
Hyundai Motor chief meets Indonesian leader for future investments
Hyundai Motor Group Executive Vice Chairman Chung Euisun on Thursday held talks with Indonesian President Joko Widodo to discuss the carmaker’s market entry and future investment plans.During the meeting held at the presidential palace in Jakarta, the Indonesian leader reportedly sought more investments by Hyundai in the country, touting the carmaker as the most dynamic company in the world.Indonesian President Joko Widodo (right) and Hyundai Motor Group Executive Vice Chairman Chung Euisun shake hands prior to their meeting held at the presidential palace in Jakarta on Thursday.
DeepMind helps Waymo train self-driving cars
Collaboration comes as AI researchers try to prove commercial worth to Alphabet Go to Source
Ford’s scooter company launches aggressive expansion plan and next-gen scooter
Spin, the dockless scooter company acquired by Ford Motor Company last year, announced on Thursday that it will deploy 15,000 scooters in eight cities starting in August. The company also unveiled its latest model of electric scooter, with anti-theft technology and custom parts meant to deter vandalism. Spin has been expanding since it was bought… Continue reading Ford’s scooter company launches aggressive expansion plan and next-gen scooter
Koreaʼs Bumchun picks Hungary for first foreign plant
South Koreaʼs Bumchun Precision revealed Wednesday it will build a HUF 13.3 billion plant supplying parts for electric cars in Salgótarján in northern Hungary.The Hungarian government will provide HUF 2.65 bln for the construction of the plant.Szijjártó welcomed the fact that on the 30th anniversary of the establishment of diplomatic relations between Hungary and South Korea, bilateral trade flow between the two countries increased by 41% during the first four months of this year.
Aston Martin Bear Says It Needs a Billion Pounds to Catch Up With Ferrari
The only analyst with a sell rating on Aston Martin Lagonda shares says the luxury carmaker will need to raise at least a billion pounds ($1.25 billion) in fresh capital in order to remain competitive with rival Ferrari NV while reining in its net debt.
VW second-quarter operating profit up 30% as SUV push pays off
Volkswagen Group shares rose 2% after the carmaker posted a 30% rise in second-quarter operating profit despite a drop in vehicle sales as rising demand for sports utility vehicles and premium brands boosted margins.Volkswagen bucked a trend of falling demand for passenger cars by launching a range of higher-margin sports utility vehicles at a time when demand for sedans is falling.By contrast, Volkswagen Group’s operating return on sales rose to 7.2% in the first half, up from 6.8% in the year-earlier period.
Waymo and DeepMind mimic evolution to develop a new, better way to train self-driving AI
Alphabet’s autonomous driving and robotaxi company Waymo does a lot of training in order to refine and improve the artificial intelligence that powers its self-driving software. Recently, it teamed up with fellow Alphabet company and AI specialist DeepMind to develop new training methods that would help make its training better and more efficient. The two… Continue reading Waymo and DeepMind mimic evolution to develop a new, better way to train self-driving AI