Jim Keller will join Intel Corporation as a senior vice president. SANTA CLARA, Calif., April 26, 2018 – Intel today announced that Jim Keller will join Intel as a senior vice president. He will lead the company’s silicon engineering, which encompasses system-on-chip (SoC) development and integration. “Jim is one of the most respected microarchitecture design… Continue reading Jim Keller Joins Intel to Lead Silicon Engineering
Category: Suppliers
Updating the Automotive Future: ZF joins eSync Alliance
As vehicles are being prepared for the digitalized future, outfitted with sophisticated, automated features with autonomous functions looming on the horizon, up-to-date software is crucial in ensuring road safety, cybersecurity and efficiency. However, returning vehicles to a manufacturer’s dealership or a repair shop to install the newest software is cumbersome and costly, especially for fleet… Continue reading Updating the Automotive Future: ZF joins eSync Alliance
BRIEF-Fiat Chrysler sees double digit profit margins in Latam by 2022
April 26 (Reuters) – Fiat Chrysler CEO Sergio Marchionne says: * LATAM REGION PROFIT MARGINS COULD GET TO DOUBLE DIGITS BY 2022 * DEALING WITH EMEA REGION BIGGEST CHALLENGE FOR NEW BUSINESS PLAN, WILL BE SINGLE BIGGEST DRIVER FOR REPOSITIONING OF GROUP Further company coverage: (Reporting by Milan newsroom) Go to Source Go to Source
Innoviz inks deal putting its solid-state lidar in BMW autonomous cars
In a recent press release, automotive supplier Magna and its partner Innoviz announced a deal to supply the BMW Group with solid-state lidar sensors for its upcoming autonomous vehicle production. The contract is one of the first in the industry for production of solid-state lidar at scale. We last heard from Innoviz in September of… Continue reading Innoviz inks deal putting its solid-state lidar in BMW autonomous cars
Visteon Announces First-Quarter 2018 Results
View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results
Continental Expands Automated Driving Tests on the Autobahn
The technology company Continental is expanding its global test drives for highly and fully automated driving – in Lower Saxony as well. The focus of development remains the production readiness of highly automated driving Tests on the autobahn are rounded off with system tests in an urban setting Hanover, April 26, 2018. The technology company… Continue reading Continental Expands Automated Driving Tests on the Autobahn
Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018. Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
Growth, earnings, environmental protection: in its quest to make mobility as emissions-free as possible Bosch has achieved a breakthrough
Presentation by Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH and Prof. Stefan Asenkerschbaumer, deputy chairman of the board of management, at the annual press conference on April 25, 2018 Ladies and gentlemen,we deliberately chose not to begin this annual press conference with the traditional presentation of our financial position.… Continue reading Growth, earnings, environmental protection: in its quest to make mobility as emissions-free as possible Bosch has achieved a breakthrough
Organic growth strengthens transformation of the MAHLE Group
Strong organic growth of 6.4 percent Sales rise to EUR 12.8 billion Increase in earning power Ongoing consistent focus on dual strategy Fresh culture of innovation for the mobility of tomorrow Steady growth for MAHLE MAHLE again achieved a record high and consolidated its market position among the world’s 20 largest automotive suppliers. It is… Continue reading Organic growth strengthens transformation of the MAHLE Group