Category: Automotive

Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B

Grab, the Singapore startup that bought Uber’s Southeast Asia business earlier this year, continues to announce strategic investors for its ongoing Series H funding round. The latest edition revealed today is Korean automotive firm Hyundai, which is investing $250 million. Hyundai first invested in Grab in January, and it joins recently announced investors Microsoft (undisclosed)… Continue reading Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B

A Waymo self-driving car sent a motorcyclist to the hospital — but the human driver was at fault

Human error is to blame in the case of a Waymo autonomous car side-swiping a motorcycle in California, the company says, in an accident that sent the rider to the hospital last month. The incident occurred on October 19 near the company’s Mountain View headquarters, according to the official state accident report, when a car… Continue reading A Waymo self-driving car sent a motorcyclist to the hospital — but the human driver was at fault

Subaru Corporation Receives Securities Analysts’Award for Excellence in Corporate Disclosure for Fifth Consecutive Year

October 15, 2018

Subaru Corporation Receives Securities Analysts’
Award for Excellence in Corporate Disclosure for Fifth Consecutive Year

Tokyo, October 15, 2018 – Subaru Corporation has been selected as the top company in the “automobile, auto parts and tires” category of the 2018 Awards for Excellence in Corporate Disclosure presented by the Securities Analysts Association of Japan (SAAJ). Subaru received the highest marks among the 19 companies in the category that were evaluated. This is the fifth consecutive year that Subaru has received this award.

The Excellence in Corporate Disclosure Awards have been presented by the SAAJ every year since 1995 with the goal of improving corporate information disclosure. This year marks the 24th year that the award program has been held. Companies are evaluated by securities analysts of each sector on the basis of the following five criteria:
1) management’s stance on investor relations, the function of a corporation’s investor relations department, and basic stance of a corporation’s investor relations; 2) disclosures through briefings, interviews, and explanatory materials; 3) fairness in disclosure; 4) disclosure related to corporate governance; and 5) voluntary disclosure that conforms to conditions of each industry.

As the company’s management philosophy, Subaru aims to be “a compelling company with a strong market presence” built upon its customer-first principle.
We will continue to meet our responsibilities as a company that conducts its business on the global stage and, in our IR activities, will seek to further enhance shareholder and investor understanding of Subaru through the broad-based and fair disclosure of corporate information.

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Press release / November 6, 2018 LeddarTech Increases Expertise in Automotive and Semiconductor Technology with the Appointment of Two Senior Executives Adrian Pierce joins LeddarTech as Vice President of Global Sales and Business Development and Michael Poulin is nominated Vice President of Product Management.

Leddartech/Press release/LeddarTech Increases Expertise in Automotive and Semiconductor Technology with the Appointment of Two Senior Executives

LeddarTech Increases Expertise in Automotive and Semiconductor Technology with the Appointment of Two Senior Executives
Adrian Pierce joins LeddarTech as Vice President of Global Sales and Business Development and Michael Poulin is nominated Vice President of Product Management.

QUEBEC CITY, November 6, 2018 — LeddarTech, an industry leader in providing the most versatile and scalable automotive LiDAR development platform, is pleased to announce the appointment of two key executives to build upon the company’s increasing momentum in solid-state LiDAR technology and further drive its automotive and semiconductor expertise towards global adoption.

Adrian Pierce was appointed as Vice President of Global Sales and Business Development. Mr. Pierce is a results-driven leader with over 25 years’ experience in the semiconductor industry and automotive customer interface. He is an accomplished negotiator with a passion for customer service and a very strong technical understanding of the market needs of automotive customers. Mr. Pierce’s experience includes being Vice President of Global Sales & Marketing, Americas, for NXP Semiconductors. Prior to the merger with NXP in December 2015, he was Vice President for Americas Sales and Marketing for Freescale.

Michael Poulin, Eng., was promoted to Vice President of Product Management. Mr. Poulin, joined LeddarTech in 2010 and held the position of General Manager of Automotive prior to his promotion to Vice President. Mr. Poulin is responsible for the leadership of the company’s product management division, which also includes the application engineering and system specialist teams. These teams are devoted to delivering a LiDAR platform that enables our automotive customers to develop their own optimized LiDAR solutions. Over the course of his career, Mr. Poulin has acquired extensive experience managing teams that have successfully delivered a wide range of LiDAR and other advanced technological products, such as implantable neurosensing and neurostimulation medical devices and motorized prosthetics.

“I am delighted to have Mr. Pierce and Mr. Poulin as part of LeddarTech’s Executive team,” stated Frantz Saintellemy, president and COO at LeddarTech. “Mr. Pierce’s vast experience in the automotive and semiconductor industry and Mr. Poulin’s expertise in automotive LiDAR technology further strengthens our expertise. They have earned their reputations as industry leaders, and their superior management skills and extensive experience will play a key role in growing LeddarTech’s LiDAR automotive development platform to become the most widely deployed in mobility applications,” he concluded.

“LeddarTech is deeply committed to delivering the most versatile, flexible and architecturally scalable LiDAR development platform in the industry to our customers and I am confident that with the addition of these two leaders, combined with the other recent investments in senior management and technical personnel, LeddarTech will enhance our already accelerated time to market,” stated Charles Boulanger, CEO at LeddarTech. He added, “We will continue to intensify our efforts to attract the best talent to the organization both from a technical and leadership standpoint. I anticipate a significant increase of our entire workforce over the next six to nine months—with the addition of 80 new positions that will focus on supporting our customers with our automotive LiDAR development platform.”

About LeddarTech

LeddarTech is an industry leader in providing the most versatile and scalable automotive LiDAR development platform based on the unique LeddarEngine, which consists of a suite of automotive-grade and functional safety certified SoCs working in tandem with LeddarSP software. The company is responsible for several technological innovations in cutting-edge mobility remote-sensing applications. Automotive active safety, autonomous driving, intelligent transportation, inner-city fleet vehicles, and more, are being enhanced using patented LeddarTech technologies.

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Danish Bicycle Maker Unveils Electric Car

The Danes aren’t exactly known for their local auto industry, but Danish bicycle maker Biomega aims to change that. The company unveiled an electric car on Monday with intentions to re-envision city travel. The electric car, called the SIN, is meant for urban transport and embodies the company’s idea of affordable and sustainable vehicles. Designers… Continue reading Danish Bicycle Maker Unveils Electric Car

AI startup Flex Logix touts vastly higher performance than Nvidia

Featured stories Twenty-eight years ago, Geoff Tate helped create a chip company called Rambus. Its technology is in every DRAM memory part that ships today. But Tate thinks he’s now found a bigger market in artificial intelligence and machine learning. “I think neural networks is going to be a bigger market than what we did… Continue reading AI startup Flex Logix touts vastly higher performance than Nvidia

Luminar nabs former Uber executive to lead LiDAR startup’s business development

Luminar, the buzzy LiDAR startup founded by Austin Russell, has added another high-profile executive to its ranks. This time, Luminar has hired Uber executive Brent Schwarz as its head of business development. Schwarz, who has been at Luminar for about two months now, comes from Uber by way of self-driving truck startup Otto, which acquired… Continue reading Luminar nabs former Uber executive to lead LiDAR startup’s business development