STOCKHOLM, Jan. 3, 2020 /PRNewswire/ — Drew Technologies, Inc., an Opus IVS division company, acquired US-based AutoEnginuity, LLC for a purchase price of approximately USD 20 million (approximately SEK 187 million) on a cash-free and debt-free basis. All conditions for completion of the acquisition of AutoEnginuity have been met. Background and reasons for the Acquisition … Continue reading Opus Acquires AutoEnginuity
Category: Newswire
Veoneer Order Book, New Order Intake and Sales Estimate Update
STOCKHOLM, Jan. 3, 2020 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), estimates its current total order book value to be approximately $19 billion, in line with the estimate of more than $19 billion from the end of 2018, pointing to strong sales growth ahead. Lifetime value of the new order intake for the full… Continue reading Veoneer Order Book, New Order Intake and Sales Estimate Update
UVeye to Unveil Industry-Leading Vehicle-Inspection Technology at CES
TEL AVIV, Israel, Jan. 2, 2020 /PRNewswire/ — Israel’s UVeye next week plans to unveil an industry-leading vehicle-inspection system based on deep-learning technology that can identify even the smallest exterior defects on any vehicle within seconds. The company’s Atlas 360-degree quality-control system, alongside its other products, will be shown for the first time in North America… Continue reading UVeye to Unveil Industry-Leading Vehicle-Inspection Technology at CES
Tata Elxsi and AEye Unveil Integrated RoboTaxi System
BANGALORE, India & DUBLIN, Calif.–(BUSINESS WIRE)– #AI–Tata Elxsi and AEye to showcase advanced RoboTaxi software framework that helps car makers accelerate their autonomous development initiatives at CES Go to Source
MG Hector retail sales at 3,021 units in December 2019
MG (Morris Garages) Motor India has recorded retail sales of 3,021 units of the Hector in December 2019.MG Hector features a chrome accent surrounded front grille, split LED headlamps, LED DRLs, LED fog lamps, LED tail lamps, LED fog lamps, dualtone machined alloys, shark fin antenna and heated ORVM.MG Motor India is all set to launch the ZS electric vehicle this month.
NIO CEO pledges to improve finances as Tesla challenge looms
THE head of NIO Inc pledged an improvement in the struggling Chinese electric carmaker’s finances as demand picks up and the company’s cost-cutting efforts start to bear fruit.China’s electric car market is slowing as the government reduces subsidies, and competition is getting tougher with Tesla preparing to start deliveries of its China-built Model 3 sedans.Yet losses will probably continue to mount: for 2020, the average loss estimate is US$1.2 billion on revenue of US$1.7 billion.
NIO Has Smaller Loss Than Estimated on EV Sales; Shares Soar
NIO Inc. reported a narrower third-quarter loss than analysts estimated as demand for electric cars picked up, yet the struggling Chinese manufacturer remains far from profitability amid high costs. The stock soared.
DishDivvy Announces Partnership with DoorDash For Deliveries of Homemade Food
LOS ANGELES, Dec. 30, 2019 /PRNewswire/ — DishDivvy, the leading marketplace for connecting local home cooks with nearby consumers, has partnered with DoorDash to provide its diners a door-to-door delivery option for orders placed on the DishDivvy platform. DishDivvy users, who are unable to pick up their orders on their own, will now be able… Continue reading DishDivvy Announces Partnership with DoorDash For Deliveries of Homemade Food
StradVision to demonstrate ADAS and driver monitoring in Ambarella demonstration vehicle during CES
SANTA CLARA, Calif., and SAN JOSE, Calif., Dec. 30, 2019 /PRNewswire/ — As the world descends on Las Vegas from January 7-10, 2020, to view the latest and greatest in automotive technology at CES 2020, two of the automotive industry’s technology leaders will be working in tandem to demonstrate a combined ADAS and driver monitoring solution… Continue reading StradVision to demonstrate ADAS and driver monitoring in Ambarella demonstration vehicle during CES
Maruti Suzuki Vitara Brezza facelift spied sans camouflage
Maruti Suzuki Vitara Brezza has been a crowd favourite ever since its launch in India in March 2016 and the sales numbers achieved by the vehicle vehemently back the claim.The front fascia of Maruti Suzuki Vitara Brezza facelift has been tweaked and gets a new grille flanked by refurbished projector headlamps with LED DRLs.The major change is expected to come under the hood of Maruti Suzuki Vitara Brezza facelift.