– Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position – Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software – Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
Category: Newswire
Alpha Motor Corporation Releases SUPERWOLF™, New Pure Electric Crew Cab Truck Built for Adventure, Utility and Sustainability
IRVINE, Calif., July 22, 2021 /PRNewswire/ — Alpha Motor Corporation has just unveiled the new SUPERWOLF™, the automotive company’s pure electric pickup truck. The SUPERWOLF™ comes with four full-sized doors and is built on a shared architecture that powers the previously shown WOLF+™. It’s a multipurpose adventure vehicle that further expands utility, interior space, and customizability,… Continue reading Alpha Motor Corporation Releases SUPERWOLF™, New Pure Electric Crew Cab Truck Built for Adventure, Utility and Sustainability
ZF Secures Nearly $6 Billion Axle Contract for Marysville, Michigan Facility
“This contract signifies a bright future for our plant, employees and community,” explained Wolfgang Moenig, vice president, product line axle drives North America, ZF Group. “We are committed to growing and developing business and products over time to meet our OE customers’ needs and support them in delivering high-quality systems to the driving public.” ZF… Continue reading ZF Secures Nearly $6 Billion Axle Contract for Marysville, Michigan Facility
Churchill Capital Corp IV Chairman and CEO Michael Klein and Lucid Motors CEO and CTO Peter Rawlinson to Host Investor Call Today at 11:30 AM to Discuss Lucid Business Combination and Importance of Voting as Soon as Possible
NEW YORK, July 22, 2021 /PRNewswire/ — Churchill Capital Corp IV (“Churchill IV” or “CCIV”) (NYSE: CCIV), a special purpose acquisition company, and Lucid Motors (“Lucid”), which is setting new standards for sustainable mobility with its advanced luxury EVs, announced today that they will host a live investor call on Thursday, July 22 at 11:30 a.m. ET… Continue reading Churchill Capital Corp IV Chairman and CEO Michael Klein and Lucid Motors CEO and CTO Peter Rawlinson to Host Investor Call Today at 11:30 AM to Discuss Lucid Business Combination and Importance of Voting as Soon as Possible
World NM: Bugatti Divo Production Ends, Last Hypercar Built Is Truly Spectacular001389
Bugatti has reached another production milestone by completing the assembly of the final Divo at the Atelier in Molsheim. Car #40 is the last of the batch and is about to be delivered to its owner in Europe. Specified in Bugatti EB 110 LM Blue, reminiscent of the company’s last official Le Mans fac… (continue… Continue reading World NM: Bugatti Divo Production Ends, Last Hypercar Built Is Truly Spectacular001389
Beep Expands Autonomous Vehicle Testing with New Headquarters in Lake Nona, Fla.
ORLANDO, Fla., July 21, 2021 /PRNewswire/ — Beep – a global leader in multi-passenger, electric, autonomous mobility solutions –today announced the company’s grand opening of its headquarters in Lake Nona, Fla. The 10,000 square-foot facility is now home the Beep Command Center, a state-of-the-art, centralized command center used to actively monitor all autonomous projects for an… Continue reading Beep Expands Autonomous Vehicle Testing with New Headquarters in Lake Nona, Fla.
Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron
KYOTO, Japan, July 21, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has agreed to start discussions on establishing a joint venture (JV) with Hon Hai Technology Group (TWSE: 2317) (hereinafter referred to as “Hon Hai”) and Foxtron Vehicle Technologies Co., Ltd. (hereinafter… Continue reading Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron
Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2021
KYOTO, Japan, July 21, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2021. The highlights are as follows: Net sales stood at a record high of ¥447.5 billion, 32.8% higher Y/Y. Operating profit… Continue reading Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2021
Lilium Announces Capital Markets Day
MUNICH and SAN FRANCISCO, July 21, 2021 /PRNewswire/ — Lilium GmbH (“Lilium”), positioned to be a global leader in regional electric air mobility with the development of its 7-Seater electric vertical take-off and landing jet, will hold a Capital Markets Day on August 2nd, 2021 at 11:00 a.m. ET ahead of its planned listing on the… Continue reading Lilium Announces Capital Markets Day
Hyundai Mobis applies brainwaves to ADAS technology for the first time in the world
M.Brain measures the driver’s condition on a real-time basis by detecting the brainwaves around the ears through earpiece sensors that are worn. The key is the software technology that analyzes and determines the data from the brainwaves. Hyundai Mobis is committed to R&D and has even adopted machine learning to interpret the brainwave signals. M.Brain… Continue reading Hyundai Mobis applies brainwaves to ADAS technology for the first time in the world