Category: Automotive

Fiat Chrysler Automobiles on course to cancel debt this year

Industry by Sam Sheehan, Autocar UK Apr 27, 2018 The Alfa Romeo Stelvio is one of FCA’s best-selling cars Fiat Chrysler Automobiles could clear all debts this year if its efficiency-boosting measures continue to have the same effect. The Italian-American carmaker announced in its first-quarter financial report that it had reduced current debt to €1.3 billion (£1.1bn) (Rs… Continue reading Fiat Chrysler Automobiles on course to cancel debt this year

News Release – Magna Wins LiDAR Business With BMW Group

Please click HERE for a PDF version of the release. One of the first serial production contracts for solid-state LiDAR Supports up to L4 and L5 self-driving systems across multiple vehicle platforms Solid-state LiDAR from Innoviz Technologies meets automotive standards in a compact size and at a competitive cost AURORA, Ontario, April 26, 2018 (GLOBE… Continue reading News Release – Magna Wins LiDAR Business With BMW Group

News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China

Please click HERE for a PDF version of the release. JV has been awarded door modules business with German OEM New facility planned for the Beijing area 100 new jobs expected, production to begin in 2021 BEIJING, April 26, 2018 (GLOBE NEWSWIRE) — A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co.,… Continue reading News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China

DENSO Announces Year-end Financial Results

KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for fiscal year ending March 31, 2018: Consolidated revenue totaled 5,108.3 billion yen (US$48.1 billion), a 12.8 percent increase from the previous year. Consolidated operating profit totaled 412.7 billion yen (US$3.9 billion), a 24.8 percent increase from the previous year. Consolidated profit… Continue reading DENSO Announces Year-end Financial Results

Electric buses from Moia: Volkswagens latest brand may be on the streets of Hamburg from autumn

All articles and backgrounds 04/27/2018 Electric buses from Moia Volkswagens latest brand may be on the streets of Hamburg from autumn Moia The Hamburg can soon be chauffeured with new electric buses through the city. The authorities have the operation for den new car service Moia of the VW Group approved, said the transport authority… Continue reading Electric buses from Moia: Volkswagens latest brand may be on the streets of Hamburg from autumn

Renault: the turnover penalized by the effects of exchange

The comparison is cruel. Three days later PSA, which reported a turnover up more than 40% in the first quarter, Renault announces that it has remained virtually stable over the same period. According to figures released this Friday, the French automaker – a member of the world’s first automotive alliance by sales with Nissan and… Continue reading Renault: the turnover penalized by the effects of exchange

With Dongfeng, PSA remains unsatisfied

They were presented to shareholders with two short videos in Chinese subtitled in French. Liu Weidong and An Tiecheng, Dongfeng’s new representatives on PSA’s supervisory board, apologized on Tuesdaygeneral meeting of the manufacturer. The Peugeot and bpifrance clan, the other reference shareholders, had come in strong support Carlos Tavares and Louis Gallois, the tandem driven… Continue reading With Dongfeng, PSA remains unsatisfied

Careem was hacked

The ride sharing app Careem has been hacked. The actual threat in the digitization of mobility, is not in the danger of having a robot car somebody bypassesbut especially in danger chopped to become. That’s what happened in Dubai at the company Careem, which has a similar concept About operates. They became victims of one… Continue reading Careem was hacked