TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
Tag: Toyota
Japan AI unicorn Preferred Networks seeks greener pastures
TOKYO — Preferred Networks, a Japanese artificial intelligence startup, is looking for new lines of business. Although the company enjoys backing from a number of big names in Japan, its latest move is motivated by its founder’s growing unease over how long it is taking to develop practical uses for its technology. Preferred Networks was… Continue reading Japan AI unicorn Preferred Networks seeks greener pastures
Visteon Announces Second-Quarter 2020 Results
Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results
Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Brussels, 30 July 2020 – The European Automobile Manufacturers’ Association (ACEA) has published its annual Pocket Guide that provides an overview of the EU auto industry, including the latest sector-specific data on employment, vehicle production and sales, road safety, R&D, the environment and trade flows. New data in this flagship publication confirm that the automobile… Continue reading Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Sea Machines Raises $15M in Funding
Sea Machines Robotics, a Boston, MA-based developer of autonomous systems for ocean-going vessels and workboats, closed a new $15 million financing round. The round was led by Accomplice with further participation by Toyota AI Ventures, Brunswick Corp. (through investment partner TechNexus), Geekdom Fund, NextGen Venture Partners, Eniac VC, LaunchCapital and others. It included participation from… Continue reading Sea Machines Raises $15M in Funding
LC 500 convertible takes Lexus style to new heights, but don’t mistake it for a sports car
CLOSE Stunning new convertible oozes luxury, but don’t mistake it for a sports car Detroit Free Press If a better looking car than the Lexus LC 500 convertible goes on sale this year, I’m not sure mortal eyes will be able to withstand the sight. Like those who stare too long at the sun, the… Continue reading LC 500 convertible takes Lexus style to new heights, but don’t mistake it for a sports car
Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)
(AP Photo/Marcio Jose Sanchez, File) Morgan Stanley on Wednesday boosted its Tesla stock price target to $1,050 from $740. It also updated its “bull case scenario” to $2,500 from $2,070. The bull case is a more than a 65% increase from where shares of Tesla traded on Wednesday. Still, the firm has an “underweight” rating… Continue reading Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)
Volkswagen CEO says Tesla’s meteoric rise proves the most valuable company in the world will be in mobility (TSLA, VW)
Volkswagen’s CEO is an outspoken fan of its competitor Tesla. Herbert Diess said Tesla’s second-quarter results last week were proof that mobility will be one of the most important industries of the future. His comments come as Tesla’s CEO Elon Musk once again toys with the idea of partnerships with competitors, even though past deals… Continue reading Volkswagen CEO says Tesla’s meteoric rise proves the most valuable company in the world will be in mobility (TSLA, VW)
Elon Musk says Tesla doesn’t want to crush rivals, and the company is open to licensing its self-driving software and battery technology (TSLA)
Elon Musk tweeted Tuesday that Tesla would consider licensing its self-driving software and supplying battery technology to other automakers. “We’re just trying to accelerate sustainable energy, not crush competitors!” Musk said. Musk’s comments came in response to a blog post about German automakers looking to close the technological gap between them and Tesla. Visit Business… Continue reading Elon Musk says Tesla doesn’t want to crush rivals, and the company is open to licensing its self-driving software and battery technology (TSLA)
F1 2020 My Team, Part 1: We’re bringing Spyker back | PlanetF1 – PlanetF1
F1 2020 gives you the chance to create your own team, so I decided to give it a go and write all about it. This can only go well… Having owned the last four editions in the Codemasters series, I’m not exactly a novice when it comes to the games. However, rocking a standard controller… Continue reading F1 2020 My Team, Part 1: We’re bringing Spyker back | PlanetF1 – PlanetF1