Continental will be unveiling innovative solutions and services at the Mobile World Congress in Barcelona Holistic connectivity is turning vehicles into smartphones on wheels Smart integration of mobile devices maximizes driver and user experience Barcelona, February 8, 2018. Starting in April 2018, every new car in Europe will have to be equipped with an integrated… Continue reading MWC 2018: Continental Is Shaping the Future of Mobility
Tag: Manufacturing
Nissan reports nine-month results for fiscal year 2017
YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017
High demand: Electric cars barely to get
Hyundai Ioniq Electric (Image: Hyundai) First sell yourself electric cars bad, now the manufacturers can not deliver: the electric Smart, the E-Golf or the Hyundai Ioniq Electric are virtually impossible to get. Manufacturers often misjudged demand. Manufacturers can not keep up with the growing demand for electric cars. Customers have to wait a long time… Continue reading High demand: Electric cars barely to get
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017
First European Customers Receive Their Ford GT Supercars
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading First European Customers Receive Their Ford GT Supercars
Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
February 8, 2018 Ionic Materials Inc., a battery-material developer backed by Silicon Valley luminary Bill Joy, raised $65 million to build a production line and commercialize its technology. Investors in the Series C funding round include Joy and Alliance Ventures, a venture capital company comprising automakers Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. Ionic declined to identify other participants.… Continue reading Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
Tesla reports record loss but says outlook is positive
Electric car maker Tesla has notched up its biggest ever quarterly loss and said it “learned many lessons” from its crucial Model 3 production plans. The firm’s future hangs on the Model 3 sedan, but it has so far struggled with production bottlenecks. Tesla reported a loss of $675.4m (£487m) in three months to 31… Continue reading Tesla reports record loss but says outlook is positive
Battery Startup Ionic Materials Gets $65M Jolt From Nissan & Others
February 7th, 2018 Big automakers are betting that solid-state battery technology from Massachusetts-based startup Ionic Materials could eventually challenge the standard lithium-ion batteries used in today’s electric vehicles. Woburn, MA-based Ionic announced Wednesday it secured $65 million in a Series C funding round. The investors include Alliance Ventures—a venture capital fund backed by carmakers Nissan,… Continue reading Battery Startup Ionic Materials Gets $65M Jolt From Nissan & Others
Elon Musk’s Tesla announces biggest quarterly loss ever
Tesla Elon Musk’s Tesla announces biggest quarterly loss ever Loss of $675.4m announced day after Musk’s car sent into space in test of SpaceX rocket After a big success for his SpaceX company, Musk’s Tesla reported a heavy loss. Photograph: Brendan Smialowski/AFP/Getty Images The tech billionaire Elon Musk sent one of his Tesla electric cars… Continue reading Elon Musk’s Tesla announces biggest quarterly loss ever