Tag: Strategy

BMW Group expands technical campaign

BMW Group expands technical campaign Munich. Internal BMW Group investigations have revealed that in the case of some diesel vehicles glycol-leakage from the EGR- (Exhaust-Gas-Recirculation-) Cooler can occur. In combination with typical soot deposits and the high temperatures normally present in the EGR module this might result in smoldering particles. This could lead in very… Continue reading BMW Group expands technical campaign

Press release / October 23, 2018 LeddarTech Enhances Automotive Expertise on its Board of Directors Peter Marks joins the LeddarTech Board of Directors bringing world-wide experience from the automotive technology and manufacturing industry, in line with LeddarTech’s international growth.

Leddartech/Press release/LeddarTech Enhances Automotive Expertise on its Board of Directors

LeddarTech Enhances Automotive Expertise on its Board of Directors
Peter Marks joins the LeddarTech Board of Directors bringing world-wide experience from the automotive technology and manufacturing industry, in line with LeddarTech’s international growth.

QUEBEC CITY, October 23, 2018 — LeddarTech, which develops a high-performance, cost-efficient solid-state LiDAR development platform for the automotive industry, is pleased to announce that Peter Marks has been appointed to the LeddarTech Board of Directors.

Mr. Marks, founder of Executive Consulting Charleston based in South Carolina, USA, has extensive experience serving on several Board of Directors. He is presently a board member at Broadcom Inc. and Executive Adviser at Gryphon Investors. Mr. Marks brings decades of automotive industry experience, most notably in his past position as Chairman, President and CEO of Robert Bosch LLC, where his responsibilities included the Americas and global coordination of manufacturing. He holds a master’s degree in engineering from the Fachhochschule Konstanz of Applied Sciences, Germany.

“LeddarTech has become synonymous with being a disruptor in the LiDAR market with its innovative Automotive LiDAR development platform,” said Michel Brûlé, Chairman of the Board at LeddarTech. “This worldwide attention has attracted some of the best automotive professionals to join as employees, as well as board members. Mr. Marks is a true example of that. His expertise and experience are highly valued by the Board, specifically his deep understanding of the automotive market and his success as a supplier to this industry,” added Brûlé.

“We are pleased to welcome Mr. Marks to LeddarTech’s Board of Directors,” said Charles Boulanger, CEO, LeddarTech.” He added, “Mr. Marks’ experience as a board member and as an automotive executive will help accelerate LeddarTech’s success in the market. In addition to other recent announcements regarding the organizational growth of LeddarTech, Mr. Mark joining the board further supports LeddarTech’s strategic goal to become the most widely deployed automotive LiDAR platform.”

Mr. Marks said, “LeddarTech is moving rapidly towards tremendous international growth, and I truly appreciate this opportunity to contribute to the success of this cutting-edge company in the capacity of a board member.” He added, “LeddarTech has successfully engaged with several Tier-1 companies with its automotive LiDAR development platform. I look forward to joining my fellow board members in supporting the executive team to ensure flawless planning and execution of its leading-edge technological roadmap towards autonomous driving.”

About LeddarTech
LeddarTech is an industry leader in the development of the most versatile and easy-to-use automotive LiDAR development platform based on the unique Leddar Engine, which consists of a suite of automotive-grade and functional safety certified SoCs working in tandem with Leddar SP software. The company is responsible for several technological innovations in cutting-edge mobility remote-sensing applications. Automotive active safety, autonomous driving, intelligent transportation, inner-city fleet vehicles, and more, are being enhanced using patented LeddarTech technologies.

Additional information about LeddarTech is accessible at www.LeddarTech.com, and on LinkedIn, Twitter or YouTube.

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Exclusive: Aston Martin considers flying in components, changing ports to handle Brexit delays

LONDON (Reuters) – British carmaker Aston Martin (AML.L) is considering flying in components and moving more parts through ports other than Dover if there is any border friction after Britain leaves the EU, its boss told Reuters. FILE PHOTO: An Aston Martin logo is seen on a car at a dealership in central London, Britain… Continue reading Exclusive: Aston Martin considers flying in components, changing ports to handle Brexit delays

Jaguar I-PACE: Innovative Continental Power Electronics for Top-Class Electric Performance

“ New system specially designed for high-end sporty performance Power electronics in Jaguar’s new EV can handle currents up to 650 amps Wide application spectrum: designed for use across the entire Jaguar and Land Rover EV line-up; already up and running in the Range Rover Sport plug-in-hybrid Built-in success factor: microchips with double sided sintered… Continue reading Jaguar I-PACE: Innovative Continental Power Electronics for Top-Class Electric Performance

Calsonic Kansei and Magneti Marelli to Create a Leading Independent Automotive Components Supplier

October 22, 2018 , London – Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU/MTA: FCA) announces that it has entered into a definitive agreement (the “Transaction”) to sell its automotive components business Magneti Marelli S.p.A. (“Magneti Marelli”) to CK Holdings Co., Ltd. (“CK Holdings”), a holding company of Calsonic Kansei Corporation (“Calsonic Kansei”), a leading Japanese automotive… Continue reading Calsonic Kansei and Magneti Marelli to Create a Leading Independent Automotive Components Supplier

Addison Lee and Oxbotica ink self-driving deal, will offer autonomous car services in London by 2021

After undertaking a year-long investigation with Ford and four other mobility specialists on how to build self-driving systems that integrate with London’s existing transport infrastructure, Addison Lee today is announcing the next step in its autonomous strategy. The on-demand ride company — which competes with black cabs, Uber and other car services — announced a… Continue reading Addison Lee and Oxbotica ink self-driving deal, will offer autonomous car services in London by 2021

Daimler adjusts its earnings guidance – preliminary results for the third quarter 2018

Stuttgart, Germany – As a result of recent developments, Daimler AG today reassessed its earnings outlook for the year 2018 for the Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group. This reassessment is based on a number of factors: The main factor is an increase in expected expenses in connection with ongoing… Continue reading Daimler adjusts its earnings guidance – preliminary results for the third quarter 2018

Volvo is betting big on mobile to push its car subscription service

Roberto Baldwin / Engadget The Volvo S60 will be the second car the automaker will “lease” via its Care by Volvo subscription service when it lands in showrooms in the next few months. But it turns out, that half the folks that flocked to subscribe to the XC40 didn’t walk into dealerships. They “bought” the… Continue reading Volvo is betting big on mobile to push its car subscription service

UPDATE 1-Ford CEO seeks to rally dealers as shares sink to new low

LAS VEGAS (Reuters) – With Ford Motor Co’s stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of announcing the automaker’s third-quarter results. Ford CEO Jim Hackett speaks to dealers at… Continue reading UPDATE 1-Ford CEO seeks to rally dealers as shares sink to new low