Seat will differentiate its cars from Volkswagen Group siblings with a completely new design language starting next year, according to design boss Alejandro Mesonero-Romanos. The new look will be previewed on a concept version of the next-generation Leon, which is due to make its debut next March at the Geneva motor show. Mesonero-Romanos told Autocar… Continue reading Seat plans design revolution starting with new Leon
Category: Automotive
Alliance Ventures leads strategic investment in WeRide.ai
Renault-Nissan-Mitsubishi and WeRide.ai to increase presence in Chinese autonomous vehicle services Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor of WeRide.ai (formerly JingChi.ai), China’s leading autonomous driving company focused on Level 4 (L4) self-driving technology, following completion of the company’s Series A funding. The investment in WeRide.ai is… Continue reading Alliance Ventures leads strategic investment in WeRide.ai
DENSO Announces First-half Financial Results
” KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for the first half ending September 30, 2018 for fiscal year ending March 31, 2019: Consolidated revenue totaled 2,625.0 billion yen (US$23.1 billion), an 11.1 percent increase from the previous year. Consolidated operating profit totaled 152.4 billion yen (US$1.3 billion), a… Continue reading DENSO Announces First-half Financial Results
DENSO Announces Cancellation of Own Shares
” Kariya (Japan) ― DENSO Corporation (the “Company”), announced that a resolution was adopted at the board of directors meeting held today to cancel its own shares pursuant to Article 178 of the Corporation Act. DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components… Continue reading DENSO Announces Cancellation of Own Shares
DENSO to Open New Facility at Haneda Airport for Automated Driving Technology Development and Testing
” KARIYA (Japan) ― DENSO Corporation (DENSO), the world’s second largest mobility supplier, today announced it will establish a new facility at Haneda Airport in Tokyo to develop and test automated driving technologies. The facility, which is expected to be complete by June 2020, will feature a building and proving ground for mobility systems R&D… Continue reading DENSO to Open New Facility at Haneda Airport for Automated Driving Technology Development and Testing
DENSO Announces of Result of Interim Dividend and the Revision of Year-end Dividend Forecast
” Kariya (Japan) ―DENSO Corporation today announced the result of its interim dividend and the revision to the year-end dividend forecast for the fiscal year ending March 31, 2019. 1. Content of revision 2. Reason for revision DENSO will continue to raise dividends payment sustainably with taking into accounts its consolidated results, consolidated dividend payout… Continue reading DENSO Announces of Result of Interim Dividend and the Revision of Year-end Dividend Forecast
ofo’s US fire sale is another spoke in China’s rental-bike wheel
Oct 31, 2018 Just over one year ago, when Chinese bike rental company ofo first rolled out its services in Washington D.C., the company said it was “thrilled” to be in the American capital, a city it described as a “great candidate” for bike sharing. By summer, the company had announced it was scaling back… Continue reading ofo’s US fire sale is another spoke in China’s rental-bike wheel
UPDATE 2-Ailing EV maker Faraday Future co-founder Nick Sampson quits
FILE PHOTO: Nick Sampson, senior vice president of product R&D and engineering at Faraday Future, speaks during an unveiling event for the Faraday Future FF 91 electric car in Las Vegas, Nevada January 3, 2017. REUTERS/Steve Marcus (Reuters) – Chinese electric vehicle developer Faraday Future said on Tuesday its co-founder Nick Sampson has resigned, a… Continue reading UPDATE 2-Ailing EV maker Faraday Future co-founder Nick Sampson quits
Jaguar reveals its vision of an electrified future in sketches
Jaguar reveals its vision of an electrified future in sketches
Possible car cartel: BMW versus EU – Brussels with hidden criticism of cooperation in antitrust proceedings
BMW In the ad-blue antitrust case, Bayern did not offer leniency. (Photo: Unsplash) Munich, Brussels Twelve months – Margrethe Vestager still has that much time. Her term of office as EU Competition Commissioner will end in October 2019, and until then the Dane, according to industry circles, would like to conclude a special procedure: the… Continue reading Possible car cartel: BMW versus EU – Brussels with hidden criticism of cooperation in antitrust proceedings