DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars

KARIYA (Japan) ― DENSO Corporation has taken a stake in Metawave Corporation, a U.S. startup company that develops cutting-edge, millimeter-wave radar sensing technologies to detect vehicles and pedestrians. Metawave announced on May 15, 2018, it raised an additional $10 million from DENSO, Toyota AI Ventures, Hyundai Motor Company, and other strategic investors. DENSO will harness… Continue reading DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars

First Bloodhound SSC speed record attempt confirmed for 2019

The Bloodhound SSC – the British 1000mph Eurofighter-jet-powered land speed record challenger – looks set to make its first record attempt at the end of 2019 despite major setbacks to funding. Thanks to a shift in plans, the Bloodhound team, which recently lost composites suppliers that have fallen into receivership, is scheduled to make its first high-speed runs on South Africa’s Northern… Continue reading First Bloodhound SSC speed record attempt confirmed for 2019

(LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’

(ATTN: UPDATES with quote and other details) By Kim Kwang-tae SEOUL, May 16 (Yonhap) — Hyundai Motor Group on Wednesday accused U.S. proxy adviser ISS of misleading the market by opposing its corporate governance overhaul program as it vowed to persuade investors to support the restructuring plan at two key shareholders’ meetings set for later… Continue reading (LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’

Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave

May 16, 2018 Asian investors have backed US-based startups with Baidu joining in advanced sensor developer Vesper’s Series B funding and car-maker Hyundai Motor’s corporate venture arm Hyundai CRADLE investing in Metawave Coporation. Baidu joins Vesper’s $23m Series B Boston-based advanced piezoelectric sensors developer Vesper has raised a $23 million Series B funding, led by… Continue reading Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave

Kia to launch new diesel 48V mild-hybrid powertrain in 2018

Kia Motors will introduce its first 48V diesel mild-hybrid powertrain in the second half of 2018. The new ‘EcoDynamics+’ powertrain reduces CO2 emissions by supplementing acceleration with electric power from an additional 48-volt battery and extending combustion engine ‘off time’ using a new Mild-Hybrid Starter-Generator unit. Kia Motors says EcoDynamics+ mild-hybrid technology offers a compelling… Continue reading Kia to launch new diesel 48V mild-hybrid powertrain in 2018

Surfing the 77 Gigahertz Wave: Our Investment in Metawave

Radar was originally developed for military use in the mid-twentieth century. However, recent advancements in imaging radar technology have opened new applications for the automotive industry, where it’s critical for vehicles using for automated vehicles to “see” in difficult weather conditions — something for which radar is particularly well-suited. Along with cameras and LiDAR, imaging radar will… Continue reading Surfing the 77 Gigahertz Wave: Our Investment in Metawave

Bentley Flying Spur PHEV to use Panamera hybrid powertrain

Bentley will equip its first plug-in hybrid Flying Spur with the electrified powertrain of the Porsche Panamera 4 E-Hybrid. Insurance database information shows that a recently spotted development car, caught on camera in London by Autocar reader Chris Thomson, is using the 2.9-litre V6 engine that’s also used by the Porsche saloon, rather than the 3.0-litre unit… Continue reading Bentley Flying Spur PHEV to use Panamera hybrid powertrain

(LEAD) Hyundai mulls acquiring electronic auto parts maker for growth

(ATTN: ADDS details in 4th para and Chung’s comment on Genesis sedan in last para) SEOUL, May 11 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday. In a recent interview with… Continue reading (LEAD) Hyundai mulls acquiring electronic auto parts maker for growth