Electrify America, the EVSE network founded by VW as part of its penance for the Dirty Diesel Debacle, has selected several vendors to install DC fast chargers at new stations across the US. Some of these will offer power levels up to 350 kW, delivering 20 miles of range per minute of charge, seven times… Continue reading Electrify America selects vendors for fast charging network
Tag: M and A
Jim Keller Joins Intel to Lead Silicon Engineering
Jim Keller will join Intel Corporation as a senior vice president. SANTA CLARA, Calif., April 26, 2018 – Intel today announced that Jim Keller will join Intel as a senior vice president. He will lead the company’s silicon engineering, which encompasses system-on-chip (SoC) development and integration. “Jim is one of the most respected microarchitecture design… Continue reading Jim Keller Joins Intel to Lead Silicon Engineering
Peugeot’s UK Vauxhall car workers agree pay deal as dispute in Germany continues
LONDON (Reuters) – Workers at Peugeot-maker (PEUP.PA) PSA’s Vauxhall car plant in Britain have agreed a pay deal with the French automaker, the Unite Union said on Thursday, as a dispute with the firm’s Opel workers in Germany continues. A general view of the Vauxhall car plant in Ellesmere Port, Britain, January 10, 2018. REUTERS/Phil… Continue reading Peugeot’s UK Vauxhall car workers agree pay deal as dispute in Germany continues
Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion
Buy Photo Fiat Chrysler Automobiles headquarters, located in Auburn Hills. (Photo: Eric Seals, Detroit Free Press)Buy Photo Fiat Chrysler Automobiles said Thursday it earned a profit of $1.2 billion (1 billion euro) during the first quarter, a nearly 60% gain over the same period a year ago, driven in part by a jump in worldwide Jeep… Continue reading Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion
BMW is working with LiDAR company Innoviz to make self-driving cars
BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from startup Innoviz to enable its Level 3 – 5 autonomous vehicles to “see” their surroundings. For clarity, level 3 involves highly-automated driving, level four… Continue reading BMW is working with LiDAR company Innoviz to make self-driving cars
Uber Vows “Indefinite” Investments In Middle East And Hints At Possible Move For Rival Careem
Ride-hailing firm Uber has promised to invest on “an indefinite basis” in the Middle East and North Africa, following its recent exits from a number of Asian territories. Speaking in an interview with the CNBC television channel, broadcast on April 26, the firm’s chief operating officer Barney Harford said the company planned to “double down… Continue reading Uber Vows “Indefinite” Investments In Middle East And Hints At Possible Move For Rival Careem
Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018. Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
Brabham BT62: 5.4-litre V8-powered hypercar due next week
Brabham Automotive has released a new preview image of its upcoming BT62 hypercar, which is due to be revealed next week. The new picture is of the car’s badge and follows another image that showed the rear LED lights and a large carbonfibre rear wing in darkness. Brabham describes its model as a “low-slung, race-inspired car”. It will cost… Continue reading Brabham BT62: 5.4-litre V8-powered hypercar due next week
Hyundai Mobis outlines growth plans in line with group’s streamlining
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its domestic… Continue reading Hyundai Mobis outlines growth plans in line with group’s streamlining
Nissan CEO says ‘no merit’ in merger with Renault
Sources told Reuters in March that the automakers were discussing plans for a closer tie-up in which Nissan would acquire the bulk of the French state’s 15 per cent Renault holding. Nissan Motor Co’s chief executive dismissed the idea of merging the Japanese automaker with its alliance partner Renault, emphasizing the importance of independence as… Continue reading Nissan CEO says ‘no merit’ in merger with Renault