Tesla Raises the Bar for Self-Driving Carmakers

In unveiling the specs of his new self-driving car computer at this week’s Tesla Autonomy Day investor event, Elon Musk made several things very clear to the world. First, Tesla is raising the bar for all other carmakers. Second, Tesla’s self-driving cars will be powered by a computer based on two of its new AI… Continue reading Tesla Raises the Bar for Self-Driving Carmakers

Allison Transmission Acquires Vantage Power and AxleTech’s Electric Vehicle Systems Division

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today that it has purchased Vantage Power and AxleTech’s electric vehicle (EV) systems division. Allison Transmission has a more than 103-year history of leading technological advancements: from James Allison owning the winning racecar of the Indianapolis… Continue reading Allison Transmission Acquires Vantage Power and AxleTech’s Electric Vehicle Systems Division

Allison Transmission Announces First Quarter 2019 Results

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today reported net sales for the first quarter of $675 million, a 2 percent increase from the same period in 2018. The increase in net sales was principally driven by higher demand in the North America On-Highway and Outside… Continue reading Allison Transmission Announces First Quarter 2019 Results

Magna Continues to Expand in Morocco With New Mirrors Facility

Greenfield manufacturing plant being built in Kenitra, Morocco$11.3 million investment, 275 jobsStrategic growth to further support customers in the regionAURORA, Ontario, April 23, 2019 (GLOBE NEWSWIRE) — As the auto industry continues to develop in Morocco, Magna also continues to expand its footprint in the country. The company recently broke ground on construction of a… Continue reading Magna Continues to Expand in Morocco With New Mirrors Facility

Motorists Remain Loyal to Engine Type

Andreas Wolf, head of Continental Powertrain: Conservative attitudes must be considered when it comes to electric mobility When it comes to choosing the engine type for their next car, motorists tend to stick to what they know. According to the 2018 Continental Mobility Study, three out of four motorists in Japan would choose the same… Continue reading Motorists Remain Loyal to Engine Type

Autoliv appoints Christian Swahn as EVP Global Supply Chain Management and member of the Executive Management Team

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