Coburg, 11-09-2020 The Future Brose renewal program will help the automotive supplier remain competitive and return to profitable growth. For this purpose, Brose will invest in innovative technologies, expand its international production network and improve cost structures. In early November the company reached an agreement with the works councils in Germany on optimizing the organization… Continue reading Brose pushes ahead with transformationCoburg9 Nov 2020The Future Brose renewal program will help the automotive supplier remain competitive and return…
Category: Newswire
Porsche Ventures Invests in Drivably’s Breakthrough Inventory Technology
Drivably uses deep analytics to bridge the gap that has long existed between car dealers and the private party marketplace, in which over 40 million vehicles exchange hands each year. The company enables its dealer partners to buy consumer vehicles at scale, while providing extensive market data to help them understand which cars are the… Continue reading Porsche Ventures Invests in Drivably’s Breakthrough Inventory Technology
StradVision Introduces Surround View Monitoring Solution Enabling Groundbreaking Advanced Driver Assistance Systems (ADAS) Features
SEOUL, South Korea, Nov. 17, 2020 /PRNewswire/ — StradVision, a leading innovator in AI-based camera perception software for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV), is revealing its latest automotive Surround View Monitoring (SVM) technology at AutoSens 2020, an award-winning international conference for the automotive sensor industry. Through an AutoSens 2020 online session titled… Continue reading StradVision Introduces Surround View Monitoring Solution Enabling Groundbreaking Advanced Driver Assistance Systems (ADAS) Features
Gruppo Maip, Eastman partner on sustainable automotive materials
Specialty formulations to deliver biobased and molecular-recycled content KINGSPORT, Tenn., Nov. 17, 2020 /PRNewswire/ — Eastman and Gruppo Maip, a leading international plastics formulator and compound producer based in Turin, Italy, have announced a partnership to formulate new sustainable polymer solutions for automotive interior applications. This will enable an exclusive portfolio of formulations based on Eastman’s Advanced… Continue reading Gruppo Maip, Eastman partner on sustainable automotive materials
Autonomous vehicle simulation startup MORAI closes US$1.8M Series A funding round
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
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