Tag: Manufacturing

Continental Expands Automated Driving Tests on the Autobahn

The technology company Continental is expanding its global test drives for highly and fully automated driving – in Lower Saxony as well. The focus of development remains the production readiness of highly automated driving Tests on the autobahn are rounded off with system tests in an urban setting Hanover, April 26, 2018. The technology company… Continue reading Continental Expands Automated Driving Tests on the Autobahn

British engine manufacturing dips in March but Q1 output still up 5%

26 April 2018 #SMMT News #UK Manufacturing UK engine production dips -3.7% in March as demand from UK car plants falls for second month. Exports provide counterweight to domestic market challenges, up 4.8% in the month and 12.1% YTD. Q1 demand remains 5.0% above 2017 levels, with more than 780,000 engines made in Britain so… Continue reading British engine manufacturing dips in March but Q1 output still up 5%

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

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

Tesla Model 3: Highly innovative, but built with 'dinosaur technology'

Buy Photo Munro & Associates CEO Sandy Munro discusses design flaws he has found with the body of a Tesla Model 3 that was part of a reverse engineering event at Munro & Associates in Auburn Hills on Wednesday April 25, 2018. (Photo: Mandi Wright, Detroit Free Press)Buy Photo The Tesla Model 3 appears to… Continue reading Tesla Model 3: Highly innovative, but built with 'dinosaur technology'

March decline for UK car manufacturing as industry repeats call for continued membership of customs union

147,471 cars roll off UK production lines in March, down -13.3% on same month in 2017. Output for home market falls for eighth consecutive month, by -17.7%, with exports also dropping -11.9%. Q1 manufacturing down -6.3% year on year to 440,426 units, with eight in 10 shipped overseas. SMMT restates need to maintain frictionless UK-EU… Continue reading March decline for UK car manufacturing as industry repeats call for continued membership of customs union

LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP

EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP

Nissan production, sales and exports for March 2018 and April 2017-March 2018

YOKOHAMA, Japan (April 26, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for March 2018 and for the 12 months ended March 31. “The April 2017–March 2018 period set global production and sales records yet again,” said Executive Vice President Daniele Schillaci, global head of marketing and sales. “The strong… Continue reading Nissan production, sales and exports for March 2018 and April 2017-March 2018

Mazda Production and Sales Results for March 2018 and for April 2017 through March 2018 (Flash Report)

2018/04/26 Production and Sales Mazda Motor Corporation’s production and sales results for March 2018 and for April 2017 through March 2018 are summarized below. Note 1): Overseas production figures indicate Mazda-branded units coming off the production line (excluding CKD units). However, non-Mazda-branded passenger vehicles produced at the Mexico plant are included.Note 2): Global production figures… Continue reading Mazda Production and Sales Results for March 2018 and for April 2017 through March 2018 (Flash Report)