MORAI delivers testing solutions based on their simulation platform built for the verification and validation of autonomous vehicles. Providing engineers with a wide range of simulation environments that vary from complex city streets to warehouses and shipping yards, MORAI’s solutions help customers test even the most complex edge cases efficiently. Since their initial seed funding… Continue reading Autonomous vehicle simulation startup MORAI closes US$1.8M Series A funding round
Category: Newswire
Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
TROY, Mich., Nov. 17, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for $275,000,000 of the outstanding $450,000,000 aggregate principal amount of its 6-1/4% notes due 2024 (the “Notes”). The redemption date is Dec. 16, 2020 (“Redemption Date”), and the redemption price will be equal to 102.083%… Continue reading Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
Scania invests in battery assembly plant
SÖDERTÄLJE, Sweden, Nov. 17, 2020 /PRNewswire/ — With the rapid expansion of Scania’s electrified range of trucks, buses and engines, the company plans to, over several years, invest well over 1 billion SEK in a battery assembly plant in Södertälje, Sweden. The initial step is a 18,000-square metre facility and the construction will start early… Continue reading Scania invests in battery assembly plant
World NM: Nissan/Mitsubishi Motors: it’s not me, it’s you000435
…. Mitsubishi needs to spend heavily on research and is reliant on Nissan’s technology . Investors should urge Nissan to pull the plug on its low-powered affiliate. If you are a subscriber and would like to… Go to Source
Valmet Automotive successfully completes the sale of its Engineering Services business
Valmet Automotive now has successfully completed the sale of its Engineering Services business to Mutares SE & Co. KGaA, after having received the approval of the antitrust authorities. Valmet Automotive is now focusing its engineering efforts on Electric Vehicles battery systems, on roof and kinematic systems, as well as the manufacturing engineering for its products,… Continue reading Valmet Automotive successfully completes the sale of its Engineering Services business
Cummins Leadership Shares Hydrogen Technology Strategy and Plans for Continued Growth
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI), a global power leader, today shared how the company plans to grow its fuel cell and hydrogen production business and further solidify the company as a global power leader. “As the world transitions to a low carbon future, Cummins has the financial strength to invest in hydrogen and battery… Continue reading Cummins Leadership Shares Hydrogen Technology Strategy and Plans for Continued Growth
Dana Supplies High-Performing Spicer® AdvanTEK® Axles to New Land Rover Defender
MAUMEE, Ohio, Nov. 16, 2020 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that the new 2021 Land Rover Defender features Dana’s latest Spicer® AdvanTEK® axles, which are designed to deliver improved performance and greater power density in a compact package. Known for its rugged design and off-road performance, the Defender has a rich history with… Continue reading Dana Supplies High-Performing Spicer® AdvanTEK® Axles to New Land Rover Defender
World NM: Parent of BMW’s Chinese JV partner may undergo bankruptcy restructuring000431
Brilliance Automotive Holdings, the Chinese joint venture partner of BMW, said its parent Huachen Automotive Group may undergo restructuring after a creditor filed an application to a Chinese court, reported Reuters. Go to Source
Automobili Pininfarina And Deutsche Telekom Create The World’s First Globally- Connected Hypercar
Every Battista will receive an embedded SIM and roaming technology for optimised connectivity worldwide. Using these components, Deutsche Telekom’s roaming partner network and roaming traffic steering logic enables the vehicle to search for the strongest network, ensuring owners don’t find themselves in communication blackspots even as they cross international borders. This unrivalled connectivity also delivers… Continue reading Automobili Pininfarina And Deutsche Telekom Create The World’s First Globally- Connected Hypercar
Azul S.A. Statement on the Successful Settlement of Public Convertible Debentures
SAO PAULO, Nov. 15, 2020 /PRNewswire/ — Azul S.A. (B3: AZUL4,NYSE: AZUL) and its partners celebrate the successful settlement of its public offering of convertible debentures in Brazil. The settlement took place on Nov 12 and the official settlement announcement can be found on the Azul Investor Relations website. Financial advisors to the company included… Continue reading Azul S.A. Statement on the Successful Settlement of Public Convertible Debentures