Category: Newswire

Arbe Raises $32M to Step Up Productization of First High-Definition Radar Chipset for ADAS and Autonomous Vehicles

TEL AVIV, Israel, Dec. 16, 2019 /PRNewswire/ — Arbe, the provider of next-generation 4D Imaging Radar Chipset Solution, enabling high-resolution sensing for ADAS and autonomous vehicles, today announced the closing of $32 million in Round B funding from existing, new, and CVC investors Catalyst CEL, BAIC Capital, AI Alliance (Hyundai, Hanwha, SKT), and MissionBlue Capital,… Continue reading Arbe Raises $32M to Step Up Productization of First High-Definition Radar Chipset for ADAS and Autonomous Vehicles

DENSO and NTT Communications Starts Validating Jointly Developed Vehicle Security Operation Center Technology to Realize Resilient Security Solutions for Connected Cars

1. Background Today, connected cars are becoming increasingly popular and sophisticated. In this evolution, novel automotive technologies and solutions continuously appear utilizing ICT technology. Concurrently, cyberattacks are growing more sophisticated and stealthy. Thus, cybersecurity in connected car is paramount. They need security technology that can swiftly detect and analyze cyberattacks and then seamlessly provide the… Continue reading DENSO and NTT Communications Starts Validating Jointly Developed Vehicle Security Operation Center Technology to Realize Resilient Security Solutions for Connected Cars

Shimtech Industries Acquires Fastener Technology Corp

FTC was founded by Bulent Gulistan in 1979 and has built a strong reputation as an innovative and reliable supplier serving more than 400 customers. Some customer relationships span multiple decades, including those with Lockheed Martin, Click Bond, Northrop Grumman, Boeing, Raytheon, and Wesco.  The existing management team, led by President Dennis Suedkamp, will continue… Continue reading Shimtech Industries Acquires Fastener Technology Corp

Xpeng Motors reveals high-performance electric drive system for P7 sedan, first with German Infineon 950 IGBT module

The P7’s E-motor, transmission and control system are seamlessly integrated to form a high-performance three-in-one electric drive system – a layout that is more compact and lighter, providing higher efficiency and stronger reliability. The P7’s electric drive system boasts a power density of 1.96kW / kg, at the top of the industry range, with low… Continue reading Xpeng Motors reveals high-performance electric drive system for P7 sedan, first with German Infineon 950 IGBT module

Dana Incorporated President and CEO James K. Kamsickas Assumes Additional Role of Board Chairman

The board also voted to expand its membership to nine directors and enhance its technology acumen by adding Bridget E. Karlin, chief technology officer and vice president of IBM global technology services. Speaking on behalf of the board of directors, Mr. Wandell said: “In the four-plus years that Jim Kamsickas has led Dana, the company… Continue reading Dana Incorporated President and CEO James K. Kamsickas Assumes Additional Role of Board Chairman

Mercedes delays electric vehicle debut after Jaguar & Audi fail to keep up with Tesla

Mercedes-Benz is putting off the US debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc’.s success.Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year.By contrast, the website estimates that Tesla has sold about 111,650 Model 3 sedans.

GM to invest $1B in Missouri plant

General Motors plans to invest $1.5 billion to bring the “next generation” of midsize pickup trucks to the market.The Wentzville truck plant will receive roughly $1 billion of those funds to upgrade the facility as it prepares for the new line of products, GM announced Friday.Parson, a Republican, signed a bill providing up to $50 million of tax credits if GM invests $750 million to expand the Wentzville plant.

Grab launches electric vehicle roadmap in Indonesia, inks major partnerships

SINGAPORE-BASED tech firm Grab is ramping up its electric vehicle (EV) plans in Indonesia through the launch of a roadmap to drive EV adoption.On Friday, it announced partnerships with automakers Hyundai, Astra Honda Motor and Gesits to launch four- and two-wheel electric vehicle pilots in the Greater Jakarta region.It also partnered Astra Honda Motor (AHM) and Gesits to launch EV bike pilots.