BOZEMAN, Mont., March 20, 2018 /PRNewswire/ — Blackmore Sensors and Analytics, Inc., a leading developer of frequency-modulated continuous wave (FMCW) lidar for the automotive industry, announced today that it has raised $18 million in a Series B funding round led by BMW i Ventures. Additional investment comes from Toyota AI Ventures, Millennium Technology Value Partners… Continue reading Blackmore Sensors and Analytics Raises $18 Million Series B Financing Round to Scale Automotive Lidar Solution
Tag: M and A
Elon Musk in talks with Israeli AI vision firm Cortica -report
TEL AVIV (Reuters) – Silicon Valley billionaire Elon Musk was in Israel to discuss a collaboration between electric car company Tesla Inc (TSLA.O) and Tel Aviv-based artificial intelligence firm Cortica, the Globes financial news website said on Tuesday. FILE PHOTO – Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks… Continue reading Elon Musk in talks with Israeli AI vision firm Cortica -report
Electromobility: UPS is testing new charging technology for electric vehicles
UPS delivery van: UPS wants to expand its electric vehicle fleet. (Picture: UPS) Of the delivery service UPS has set up a charging system in its London depot that allows a larger number of electric cars to charge without causing a power failure. The system could work simultaneously for recycling for old ones batteries be… Continue reading Electromobility: UPS is testing new charging technology for electric vehicles
Security at All Levels: Continental Protects Components and Production against Hacker Attacks
Cyber security technology safeguards systems and safety-relevant components in vehicles against hacker attacks Security begins in the production plant: Production sites worldwide are set to receive a security upgrade With the purchase of the Israeli startup Argus Cyber Security, Continental is further expanding its expertise in the field of automotive cyber security Frankfurt am Main,… Continue reading Security at All Levels: Continental Protects Components and Production against Hacker Attacks
Desktop Metal close new financing round with Ford
Desktop Metal, a 3D printer manufacturer, has received $65 Million in a new funding round led by Ford. The latest financing round follows a successful 2017 for the Burlington Massachusetts based company and brings total funding to $277 Million. In June 2017 the closure of a series D finance round brought unicorn status to the… Continue reading Desktop Metal close new financing round with Ford
Dana Incorporated Increases Guidance for Full Year 2018
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced it is raising its 2018 full-year guidance. Strengthening end-market demand, most notably in off-highway and commercial vehicle, combined with benefits from currency translation are driving an additional 4 percent increase in expected sales growth in 2018 compared with the company’s prior full-year target. Due… Continue reading Dana Incorporated Increases Guidance for Full Year 2018
New car broker: Autohaus24 ends dealer cooperation
Since the end of February, the online provider does not broker cash-on-sale leads to car dealers anymore. The focus is now on the products leasing and financing. Sixt leasing re-adjusts its new car dealership platform Autohaus24. “We closed the brokerage business of cash buy leads to traders at the end of February,” said a company… Continue reading New car broker: Autohaus24 ends dealer cooperation
GAC Honda to recall imported vehicles over faulty airbag
BEIJING – GAC Honda, the joint venture between Honda and Guangzhou Automobile Group, will recall 50 imported vehicles due to defective airbags, according to China’s top quality watchdog. The recall is for imported Fit hybrids manufactured between July 5, 2012 and March 1, 2013, said the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).… Continue reading GAC Honda to recall imported vehicles over faulty airbag
Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has undertaken a series of productive meetings with U.K.-based shareholders of GKN PLC (LON: GKN). During those meetings, Dana outlined the compelling rationale for its proposed combination with GKN Driveline. Dana received direct feedback from GKN shareholders that they would like to hold stock in… Continue reading Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
Siemens to invest £27m in new 3D-printing factory
Siemens UK is to make a £27 million investment in a new, state-of-the-art manufacturing facility for Worcester-based Materials Solutions Ltd, its additive manufacturing specialist. The new building, set to open in September 2018, will enable it to increase the company’s fleet of 3D printing machines from 15 to 50 over the next five years. The new… Continue reading Siemens to invest £27m in new 3D-printing factory