Magna Announces Second Quarter Results

Sales of $10.1 billion decreased 1%, compared to global light vehicle production down 6%Excluding foreign currency translation and divestitures net of acquisitions, sales up 5% with each segment outpacing global light vehicle productionCash provided from operating activities of $920 millionReturned $519 million to shareholders through share repurchases and dividendsOutlook largely unchangedAURORA, Ontario, Aug. 08, 2019… Continue reading Magna Announces Second Quarter Results

08/08/2019MAHLE makes fuel cells mobile

MAHLE makes fuel cells mobile

Stuttgart/Germany, August 08, 2019 – The companies that are defining the mobility of the future must respond quickly to changing conditions. This is the only way to bring new technologies to economic viability and series production internal structures and bundling the expertise of various development fields in one fuel cell project house. This is a place where all fuel cell topics come together.

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Press relase [PDF; 152 KB]Press picture 1 [JPG; 1630 KB]Press picture 2 [JPG; 4367 KB]Press picture 3 [JPG; 4664 KB] MAHLE bundles fuel cell expertise in agile structureFuel cell project house acts as a central contact point across all systems related to fuel cellsThe importance of an overall system perspective for the safety and competitiveness of fuel cell vehicles can be illustrated by simulating the dynamics of fuel cells in interplay with battery size or by the reciprocal development of ion exchangers and heat exchangers. The air pathway, also known as the cathode air system, is one of the central systems in the periphery of the fuel cell. The relationships and interactions are complex and can only be predicted through elaborate simulations.
The team at the fuel cell project house analyzes the results and defines the design of the peripheral components, which leads to a cost-optimized vehicle. MAHLE is transferring expertise from a wide variety of research and development areas of conventional mobility to the fuel cell project house, enabling thermal, air, and liquid management and filtration to work together purposefully.
Another example of close interaction among various development centers is the joint development of heat exchangers and ion exchangers. This is where our technical expertise in the areas of thermal management and filtration comes together. The coolant used to cool fuel cell stacks must be deionized so that it loses its electrical conductivity. If it were conductive, then not only could explosive gas form, but undesired and dangerous currents could be discharged. The deionized cooling medium flows through the bipolar plates of the fuel cell to cool it. The deionized cooling medium is highly reactive, however, and corrodes components that come into contact with it, so this must be avoided. For this reason, MAHLE passivates the heat exchanger and makes it resistant to leaching ions. This produces a durable cooling system and reduces the load on the ion exchanger, ensuring high-voltage safety under all conditions.
The exhaust air pathway in the fuel cell vehicle also requires extensive expertise. An intelligent system for water disposal ensures that water disposal occurs only at high speeds. This prevents water from freezing in awkward locations, such as in parking garages or inner cities. The water that is discharged at high speeds is atomized. This functional integration is typical of the development of engine components as an overall system at MAHLE, combining expertise from the areas of engine peripherals, flow simulation, and filtration.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in more than 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Christopher Rimmele
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12374
christopher.rimmele@mahle.com

Powertrain Business to Change Course and Focus on the Electric Future and Clean Air

Stronger focus on electrified drive systems and e-mobility Powertrain CEO Andreas Wolf: “Our customers are increasingly turning to the electrification of drive systems, so we are concentrating systematically on this area.” Decreasing investment in hydraulic components such as injectors and high-pressure pumps No market entrance into the production of solid-state battery cells Regensburg, August 7,… Continue reading Powertrain Business to Change Course and Focus on the Electric Future and Clean Air

Robert Bosch Venture Capital leads USD 17.5 million investment in Teralytics

About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital leads USD 17.5 million investment in Teralytics

Electronic Design Coverage: Velodyne Powers Autonomous Street Sweepers in China

August 1, 2019 While lidar technology in self-driving cars garners much attention, the technology supports several vehicle applications including street sweepers. Murray Slovick of Electronic Design wrote an article on a street cleaning vehicle from Idriverplus, called “Viggo,” which is an unmanned, purely electric solution that intelligently sweeps roads. The article notes: “Velodyne Lidar sensors… Continue reading Electronic Design Coverage: Velodyne Powers Autonomous Street Sweepers in China

Forbes Covers Velodyne Lidar’s Mapper Acquisition

July 30, 2019 The combination of Velodyne lidar hardware and emerging software capabilities is poised to revolutionize advanced driver assistance systems (ADAS) performance and safety. In an article in Forbes Magazine, Liane Yvkoff wrote that Velodyne Lidar acquired mapping and localization software as well as intellectual property assets from Mapper.ai. Mapper technology gives Velodyne access… Continue reading Forbes Covers Velodyne Lidar’s Mapper Acquisition

MADD Teams with Velodyne Lidar for a Second Year to Advance Understanding of Autonomous Vehicle Technology

July 30, 2019 Mothers Against Drunk Driving (MADD) is proud to partner for a second year with Silicon Valley-based Velodyne Lidar, Inc., a market leader of real-time 3D perception systems used in a variety of commercial applications, including autonomous vehicles. The partnership continues a public education effort across the country on the safety benefits of… Continue reading MADD Teams with Velodyne Lidar for a Second Year to Advance Understanding of Autonomous Vehicle Technology

Press: ZF Posts Half-Year Financial Results; Reacts to Difficult Market Environment

ZF generated sales of approximately €18.4 billion in the first half of 2019 Adjusted EBIT stands at some €650 million Measures have been taken to improve results Investments focus on strategic technology areas of autonomous driving and electromobility Friedrichshafen, Germany. In the first six months of this year, ZF Friedrichshafen AG generated sales of approximately… Continue reading Press: ZF Posts Half-Year Financial Results; Reacts to Difficult Market Environment

Nidec to Form a Joint Venture with a Subsidiary of China-Based Guangzhou Automobile Group Company for Automotive Traction Motors

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Released on August 1, 2019, in Kyoto, Japan

Nidec to Form a Joint Venture with a Subsidiary of China-Based Guangzhou Automobile Group Company for Automotive Traction Motors

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has adopted at a meeting of the Board of Directors held on August 1, 2019 a resolution to execute a contract with GAC Components Co., Ltd. (“GAC Components”), a member of China-based Guangzhou Automobile Group Co., Ltd. (“Guangzhou Automobile Group”), to establish a joint venture to manufacture automotive traction motors.
The closing of this case will be subject to approval by competition authorities.

1. Purpose of This Transaction and Operation Policy Going Forward

Nidec has been expanding and strengthening its automotive motor business, one of the C..

08/01/2019MAHLE is making engine components intelligent

MAHLE is making engine components intelligent

Stuttgart/Germany, August 01, 2019 – Intelligent engine components are not just a valuable tool for engine developers but could in the future be used as “early warning systems” in engines for monitoring operating conditions and ensuring a long service life. Intelligent bearings from MAHLE keep track of operating conditions in real time, providing an accurate view of the temperature in the bearing. The same measurement method forms the basis for an innovative piston monitoring concept, in which measurement data is transmitted wirelessly and the energy consumption of the sensors covered by the motion of the piston via “energy harvesting.”

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Press release [PDF; 279 KB]Press picture [JPG; 13 MB] Intelligent engine components from MAHLE monitor operating conditions in real timeApplication as a development tool enables the precise design of cooling and engine componentsWhen used as a development tool, intelligent engine components from MAHLE facilitate the precise analysis of temperature and pressure conditions for moving components, such as pistons, valves, or bearings. The necessary lubricating oil supply and cooling of engine components can thereby be designed for specific operating points so that no damage results from excessively high temperatures or inadequate lubrication, while allowing the amount of cooling or lubricating oil to be set as low as possible. This avoids any unnecessary friction losses and increases the engine’s efficiency.
By measuring the relevant temperatures and pressures in situ—for example, in the bearing gap of the bearing or in the cooling gallery of the piston—not only can the operating limits of the components be determined more precisely under real conditions, but the engine can be adjusted and calibrated to operate reliably much closer to its limits without any increase in risk. As a result, previously untapped potential can be used to improve thermodynamic and mechanical efficiency.
To prevent damage to the engine from external influences, such as fuel quality or intake air temperature, an increased safety factor must be maintained in the current design without intelligent sensors. By contrast, a piston with sensors would not only permit higher ongoing utilization, but also prevent a transient overload of the piston in the warm-up phase.
Intelligent engine components from MAHLE are currently used as development tools during engine development. After the successful transfer to large-scale production, use in massproduction engines is also under consideration—on the one hand to exploit the component limits in any engine, and on the other, to enable an emerging damage scenario to be recognized early on and a prompt response triggered.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Christopher Rimmele
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12374
Fax: +49 711 501-13700
christopher.rimmele@mahle.com