KYOTO, Japan, Oct. 31, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the acquisition of OMRON Automotive Electronics Co. Ltd. (“OMRON Automotive Electronics”) from OMRON Corporation (“OMRON”) (the “Stock Acquisition”) on October 31, 2019 (Japan time), in accordance with a stock purchase… Continue reading Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.
Tag: Strategy
ŠKODA AUTO puts the most powerful commercial supercomputer in the Czech Republic into operation
[embedded content] Klaus-Dieter Schürmann, ŠKODA AUTO Board Member for Finance and IT, explained, “By installing the new high-performance computer, ŠKODA AUTO is further expanding the largest commercial computing centre in the Czech Republic. We are thereby continuing to press ahead on our path to becoming a digital company and are creating an important technical prerequisite… Continue reading ŠKODA AUTO puts the most powerful commercial supercomputer in the Czech Republic into operation
ŠKODA to Optimize Manufacturing Processes and Cut Production Costs Using Seebo’s Predictive Quality Solution
TEL AVIV, Israel, Oct. 31, 2019 /PRNewswire/ — Seebo, a pioneer in process-centric Artificial Intelligence, announced today a new cooperation, with ŠKODA AUTO, the leading Czech car manufacturer. ŠKODA and Seebo have partnered in order to predict and prevent losses in ŠKODA’s engine production lines by using Seebo’s unique process-centric AI solution. The deployment of Seebo Predictive… Continue reading ŠKODA to Optimize Manufacturing Processes and Cut Production Costs Using Seebo’s Predictive Quality Solution
AUDI AG: Robust figures for the third quarter
In a challenging second half of the year, the Audi Group stabilized its deliveries and posted robust figures for the third quarter. Adjusted for the effects of deconsolidating the multi-brand importers, revenue was higher than in the prior-year period. Operating profit reflects the decrease in deliveries and ongoing high upfront expenditure for the future. Cash… Continue reading AUDI AG: Robust figures for the third quarter
France-based IBS to set up lithium-ion battery manufacturing in India, partners Ion Energy for BMS
Mumbai-based Ion Energy, one of the leading company working on advanced battery management and intelligence systems for electric mobility and energy storage applications, has announced the successful launch of IBS, a France based battery pack manufacturer that leverages Ion’s technology in all of their batteries. Coming out of stealth mode, IBS showcased its first electric… Continue reading France-based IBS to set up lithium-ion battery manufacturing in India, partners Ion Energy for BMS
UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019.… Continue reading UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
RUEIL-MALMAISON, France and LONDON, Oct. 31, 2019 /PRNewswire/ — The combination would create the 4th largest global OEM in terms of annual unit sales (8.7m vehicles) At its inception, the combined company would realize among the highest margins in the markets where it would operate, based on FCA’s strength in North America and Latin America and… Continue reading Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
UPDATE 1-Ford reaches tentative labor deal with United Auto Workers union
FILE PHOTO: 2020 Ford Explorer cars are seen at Ford’s Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski DETROIT (Reuters) – Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like… Continue reading UPDATE 1-Ford reaches tentative labor deal with United Auto Workers union
Elon Musk says shifting SolarCity workers helped Tesla stay afloat
Jef Feeley and Dana Hull, Bloomberg Published 9:45 a.m. ET Oct. 30, 2019 | Updated 9:54 a.m. ET Oct. 30, 2019 Tesla Inc. chief executive officer Elon Musk said he shifted resources from the solar company he bought three years ago to save his electric-car company from bankruptcy while it was ramping up production of… Continue reading Elon Musk says shifting SolarCity workers helped Tesla stay afloat
Magna Wins Largest Contract for Transmission Technologies in Company History
Magna to build dual-clutch transmissions including hybrid variants for strategic partner BMW GroupTechnologies for front-wheel drive vehicle platforms; over 170 different vehicle applicationsTransmissions to be supplied from Magna facilities in Germany and SlovakiaSAILAUF, Germany, Oct. 30, 2019 (GLOBE NEWSWIRE) — BMW Group has awarded Magna its largest production order for transmission technologies in company history.… Continue reading Magna Wins Largest Contract for Transmission Technologies in Company History