All Meritor offices will be closed July 4, 2018 in observation of the holiday.
Category: Suppliers
February 16th 2020 Press release LeddarTech Joins Ecosystem Partner Renesas Electr…
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LeddarTech Joins Ecosystem Partner Renesas Electronics to Exhibit LiDAR Technology at AV20 Silicon Valley February 26-28
QUEBEC CITY, February 16 2020 – LeddarTech®, an industry leader in LiDAR technology providing the most versatile and scalable auto and mobility LiDAR platform, announces today that it will exhibit the result from the collaboration with its Ecosystem partner Renesas at the AV20 Silicon Valley Conference from February 26-28 at The Pullman San Francisco Bay. Over the years, this event has proved itself to be the premier exchange for industry leaders, engineers, customers, regulators, solution providers and academia to learn, share and connect on the latest roadblocks, regulations reform, innovative developments and future trends in the industry.
LeddarTech is excited to collaborate with Renesas and will demonstrate the award-winning Leddar™ Pixell, a 3D solid-state cocoon LiDAR for autonomous shuttles, delivery vehicles and robotaxis. The Leddar Pixell features the LCA2 LeddarEngine™, for which LeddarTech collaborated with Renesas. The teams worked closely in the design and manufacturing of the LCA2 SoC which when combined with the LeddarSP™ signal processing library creates the LCA2 LeddarEngine, which sets the standard for the design of integrated and customizable solid-state LiDAR solutions.
The LeddarEngine, optimized for automotive Tier-1 suppliers and system integrators to design and produce a variety of highly optimized solid-state LiDAR sensors which can be used in a multitude of ADAS and AV applications for the mobility and passenger car markets, will also be showcased.
In addition to LeddarTech’s technologies, Renesas will present the R-Car V3H SoC which delivers a combination of high computer vision performance and artificial intelligence processing at low power levels, providing an optimized embedded solution for automotive front cameras in Level 2+ autonomous vehicles combined with the LiDAR Obstacle Detection Software. The LOD software uses dedicated hardware accelerators for key algorithms including convolutional neural networks, to detect 3D objects, including cars and trucks.
“We believe strong strategic partners and industry collaborations deliver significant value and benefits to our customers in the auto and mobility markets by helping to reduce development risks and lower system costs while achieving the fastest time to market” stated Michael Poulin, Vice President of Product Management at LeddarTech. “Renesas has been a strategic partner of LeddarTech’s for many years, and we are very pleased to continue to build on this partnership again for AV20. We look forward to demonstrating our latest products, the Leddar Pixell as well as our LeddarEngine platform, which includes the LCA2 and LCA3 suite of SoC and Signal Processing Library at this event” Mr. Poulin continued.
“Renesas has always enjoyed an excellent collaborative relationship with LeddarTech”, stated Tomomitsu Maoka, Senior Vice President, Deputy General Manager of the Automotive Solution Business Unit at Renesas. “LeddarTech is world-renowned as a pioneer in LiDAR technology, and we look forward to continuing our relationship as we advance toward the deployment of even more ADAS and AD vehicles around the world”.
To arrange a meeting at AV20, please visit leddartech.com/av20conference
About Renesas Electronics Corporation
Renesas Electronics Corporation delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.
About LeddarTech
LeddarTech is an industry leader providing the most versatile and scalable auto and mobility LiDAR platform based on the unique LeddarEngineTM which consists of a suite of automotive-grade, functional safety certified SoCs working in tandem with proprietary LeddarSPTM signal processing software. The company is responsible for several innovations in cutting-edge mobility remote-sensing applications, with over 70 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.
LeddarTech also serves the mobility market with solid-state high-performance LiDAR module solutions for autonomous shuttles, trucks, buses, delivery vehicles, and robotaxis. These modules are developed to support the mobility market but also to demonstrate the capabilities of LeddarTech’s auto and mobility platform as a basis for other LiDAR suppliers to build upon.
Additional information about LeddarTech can be found at www.LeddarTech.com, and LinkedIn, Twitter, Facebook, and YouTube.
Leddar, LeddarTech, LeddarEngine, LeddarSP, LeddarCore, and LeddarTech logos are trademarks or registered trademarks of LeddarTech Inc. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
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February 18th 2020 Press release LeddarTech Partners with COAST Autonomous at AV20…
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LeddarTech Partners with COAST Autonomous at AV20 Silicon Valley from February 26-28, 2020 to Present and Demonstrate the Role of LiDAR in ADAS and Autonomous Driving Applications
QUEBEC CITY, 18th February 2020 — LeddarTech®, an industry leader in LiDAR technology who provides the most versatile and scalable auto and mobility LiDAR platform in the market, is set to return to California to showcase it’s multi-award winning LiDAR technology at Autonomous Vehicles Conference 2020 from February 26-28th, booth #5, at the Pullman San Francisco Bay.
AV20 provides the opportunity for mobility leaders from across the globe to connect, inspire, educate and collaborate on innovative developments and future trends in autonomous driving and mobility. This year we are pleased to announce that Frantz Saintellemy, President & COO of LeddarTech will join the stage with Pierre Lefevre, CTO of COAST Autonomous for their presentation, “Paving the Road From ADAS to Autonomy” which explores the ways in which solid-state 3D LiDAR solutions like the Leddar™ Pixell are the “Road Ahead” for autonomous driving. This presentation will take place on February 27th at 11.30 AM. LeddarTech will also be showcasing its award-winning LiDAR technology on the show floor at booth #5 from February 26-28th.
Click HERE to request a demo and to meet our team at AV20 at booth #5
“Partnerships in the mobility space such as the one between LeddarTech and COAST Autonomous highlight the importance of collaboration in the industry and AV20 exemplifies this ethos as it challenges the status quo in the automotive sector and broadens the ecosystem in which we operate”, stated Frantz Saintellemy of LeddarTech. “We are excited to be a part of AV20 as speaker and exhibitor as it allows us to share our knowledge and insights, to collaborate and to exchange ideas and concepts that will shape the future of this industry”.
“At COAST Autonomous, we understand the importance of having a comprehensive and complete field of view around our shuttles, and by integrating the Leddar Pixell 3D solid-state LiDAR solution onto our shuttles, we provide a solution that puts pedestrians first and gives cities back to the people”, said COAST Autonomous CTO, Pierre Lefevre. “We are again excited to share the stage with LeddarTech and to participate at AV20”.
AV20 Silicon Valley 2020 will gather together 300+ mobility experts; from Chief Product Officers, Chief Engineers, CEOs, to Heads of Safety for Autonomous Platforms, ADAS, and Autonomous Technology.
About COAST Autonomous
COAST Autonomous is a software and technology company focused on delivering AV solutions at appropriate speeds for urban and campus environments. COAST’s mission is to build community by connecting people with mobility solutions that put pedestrians first and give cities back to people. At the center of one of the fastest and most profound disruptions to impact the transportation and logistics industries, COAST has developed the full stack of Autonomous Vehicle (AV) software that includes mapping and localization, robotics and artificial intelligence (AI), fleet management and supervision systems. Partnering with proven manufacturers, COAST can provide a variety of vehicles equipped with its best-in-class software to offer Mobility-as-a-Service (MaaS) solutions to cities, theme parks, campuses, airports, and other urban environments. Based in Pasadena, California, COAST’s team is recognized for its experience and expertise in all aspects of implementing and operating AV fleets while prioritizing safety and the user experience. To learn how COAST Autonomous can help you power autonomous transportation in your environment, please visit www.coastautonomous.com.
Contact: Aimie Nghiem, Director of Program Development, COAST Autonomous
Tel: +1-626-838-2469 ANghiem@coastautonomous.com
About LeddarTech
LeddarTech is an industry leader providing the most versatile and scalable auto and mobility LiDAR platform based on the unique LeddarEngine™ which consists of a suite of automotive-grade, functional safety certified SoCs working in tandem with proprietary LeddarSP™ signal processing software. The company is responsible for several innovations in cutting-edge mobility remote-sensing applications, with over 70 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.
LeddarTech also serves the mobility market with solid-state high-performance LiDAR module solutions for autonomous shuttles, trucks, buses, delivery vehicles, and robotaxis. These modules are developed to support the mobility market but also to demonstrate the capabilities of LeddarTech’s auto and mobility platform as a basis for other LiDAR suppliers to build upon.
Additional information about LeddarTech is accessible at www.LeddarTech.com, and on LinkedIn, Twitter, Facebook, and YouTube.
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Adient enters into agreement to sell its fabrics business
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NIO Announces US$235 Million Private Placements of Short-term Convertible Notes
SHANGHAI, China, March 05, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into definitive transaction documents with several unaffiliated Asia-based investment funds (the “Purchasers”), pursuant to which NIO will issue and sell convertible notes in an aggregate principal… Continue reading NIO Announces US$235 Million Private Placements of Short-term Convertible Notes
Goodyear Partners with Lexus to Shape the Future of Electric Mobility
BRUSSELS, March 5th, 2020 – Representing Lexus’ bold new vision of vehicle electrification, the Lexus LF-30 Electrified concept celebrates the brand’s 30th anniversary and is designed to promise a dynamic driving experience like no other. This unique concept vehicle was originally presented sitting on four bespoke Goodyear concept tires at the 2019 Tokyo Motor Show.… Continue reading Goodyear Partners with Lexus to Shape the Future of Electric Mobility
Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem
Sales up slightly at €44.5 billion (2018: €44.4 billion) Market growth: about -6 percent; organic sales growth: -2.6 percent Adjusted operating result: €3.2 billion (2018: €4.1 billion); adjusted EBIT margin 7.4 percent (2018: 9.3 percent) Operating result (-€268 million) and net income (-€1.2 billion) negative due to non-cash write-downs already reported Free cash flow before acquisitions and carve-out effects: €1.3 billion (2018: €1.9 billion) Proposed dividend:… Continue reading Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem
Valmet Automotive set production record in 2019
In 2019, Valmet Automotive manufactured a total of 114,000 vehicles at the Uusikaupunki, Finland plant. This is a new production record for the plant, the previous record was made in 2018, when 110,000 vehicles were completed. In recent years, the production volumes at the Uusikaupunki plant have been steadily growing. The value of the production… Continue reading Valmet Automotive set production record in 2019
The Goodyear reCharge Concept – Making Tire Changing Easy with Customized Capsules that Renew your Tires
BRUSSELS, March 3rd, 2020 – The Goodyear reCharge is a revolutionary self-regenerating concept tire that can adapt and change to meet individual mobility needs. “Goodyear wants the tire to be an even more powerful contributor to answering consumers’ specific mobility needs, said Mike Rytokoski, Vice-President and Chief Marketing Officer, Goodyear Europe, “It was with that… Continue reading The Goodyear reCharge Concept – Making Tire Changing Easy with Customized Capsules that Renew your Tires
Grammer expects decrease in revenues and weaker earnings in the first quarter 2020
03/03/2020
Grammer expects decrease in revenues and weaker earnings in the first quarter 2020
-Effects of coronavirus have an adverse impact on revenues and earnings in the first quarter
-Decline in global vehicle production in both segments leads to reduced revenues and earnings in 2020
-First measures of the efficiency enhancement program implemented
-Reduced dividend proposal to strengthen equity
Amberg, March 03, 2020 – The decrease in demand in the automotive sector and an ongoing difficult economic climate in the commercial vehicle sector are having a visible effect on automotive supplier Grammer at the beginning of 2020. As a result of the coronavirus outbreak, customers in China were forced to stop production for several weeks from the end of January on. Due to these factors, the company is now predicting a significant decrease in revenues for the first quarter compared to the previous year (Q1/2019: EUR 534 million). Based on the preliminary figures for the months of January and February 2020, Grammer assumes earnings before interest and taxes (EBIT) (prior year: EUR 24 million) and operating EBIT (prior year: EUR 23 million) for the first quarter to be very significantly lower than in the same period of the last year.
From today’s perspective, it is difficult to predict the full extent of the negative effects of the coronavirus outbreak on global supply chains as well as markets and whether automobile and commercial vehicle demand will stabilize in the second half of the year. For this reason, Grammer is forecasting a decline in sales and earnings for the full year. The outlook for 2020 will be published on March 30 at the Company's Annual Press Conference.
As a result of the significant decline in the worldwide markets since mid-2019, the company does no longer maintain its original revenues and earnings forecast for the coming years.
“The weakening of the market environment affected Grammer later than many other suppliers. Additionally the simultaneous decline in both, the premium automobile segment and the commercial vehicle markets, is now also impacting our core business,” said Thorsten Seehars, CEO of Grammer AG. “We have implemented the first measures from the efficiency enhancement program which we initiated at the end of last year to position the company for these challenges.”
In order to give the company greater financial flexibility in implementing further measures, the Executive Board resolved yesterday to propose to the Annual General Meeting a dividend of EUR 0.11 per share for the financial year 2019.
The company will publish its annual report for the financial year 2019 on 30 March, 2020, the interim management statements for Q1/2020 on 29 April 2020.
About Grammer AG
Located in Amberg, Germany, Grammer AG specializes in the development and production of components and systems for automotive interiors as well as suspended driver and passenger seats for onroad and offroad vehicles.
In the Automotive Division, Grammer supplies headrests, armrests, center console systems, high-quality interior components, operating systems and innovative thermo-plastic solutions to premium automakers and automotive system suppliers. The Commercial Vehicles Division comprises seats for the truck and offroad seat segments (tractors, construction machinery, and forklifts) as well as train and bus seats. With over 15,500 employees, Grammer operates in 20 countries around the world. Grammer shares are listed in the Prime Standard and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra.
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