Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions

Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions

Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

COLUMBUS, Ind.–(BUSINESS WIRE)–At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), a global power leader, shared the Company’s plans to generate profitable growth driven through leadership in the design, manufacture, and support of powertrain technology across a number of fuel types and power sources. “The decarbonization… Continue reading Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

06:59 ETDana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022Full-year Results Sales of $8.9 billion, an increase of $1.8 billion…

MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase of $1.56 Adjusted EBITDA of $795 million; margin of 8.9 percent of sales Diluted adjusted EPS of $1.66,… Continue reading 06:59 ETDana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022Full-year Results Sales of $8.9 billion, an increase of $1.8 billion…

Meet the Omnivore: 3D Creator Makes Fine Art for Digital Era Inspired by Silk Road Masterpieces

Editor’s note: This post is a part of our Meet the Omnivore series, which features individual creators and developers who use NVIDIA Omniverse to accelerate their 3D workflows and create virtual worlds. Within the Mogao Caves, a cultural crossroads along what was the Silk Road in northwestern China, lies a natural reserve of tens of… Continue reading Meet the Omnivore: 3D Creator Makes Fine Art for Digital Era Inspired by Silk Road Masterpieces

Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022

Company Announces Strong Three-year Sales Backlog of $800 Million, Half from Electrified-vehicle Programs MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase… Continue reading Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022

EV batteries: just swap them

One of the very few drawbacks of electric vehicles is the charge time. But what if we could swap batteries rather than plug them in? Swapping electric vehicle (EV) batteries isn’t new, Tesla came up with the concept in 2013, but back then individual EV owners didn’t take to the idea. Solving long-haul “range anxiety”… Continue reading EV batteries: just swap them

More chips: Bosch to invest on extending semiconductor production in Reutlingen

Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading More chips: Bosch to invest on extending semiconductor production in Reutlingen

Cummins to Acquire Meritor

COLUMBUS, Ind. & TROY, Mich.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins… Continue reading Cummins to Acquire Meritor

07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…

MAUMEE, Ohio, Feb. 21, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its innovative technologies are featured on the 2022 Ford Maverick™ and Ford® Bronco®, the North American Truck and SUV of the Year, respectively.  “Dana has been working with Ford since it provided driveline technologies for the revolutionary Model T, and we… Continue reading 07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…

Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value

(Bloomberg) — Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Most Read from Bloomberg Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal… Continue reading Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value