Tag: Toyota

Mobi: the concert builders for the blockchain

Thirty industrialists, including Renault, BMW, General Motors and Ford, met in a new organization called “Mobi”. An international working group whose purpose is to concretize the applications of the blockchain in the automobile. After isolated initiatives comes the time of the collective work. On May 2, 2018, some thirty international manufacturers announced, on the occasion… Continue reading Mobi: the concert builders for the blockchain

Volkswagen’s new corporate structure: Diess wants to convert the “tanker” Volkswagen into a “speedboat network”

All articles and backgrounds 05/03/2018 New Group structure at Volkswagen Diess wants to rebuild the “Tanker” Volkswagen into a “speedboat network” AP VW CEO Herbert Diess at the Annual General Meeting in Berlin: VW should be “honest, open, decent” Volkswagen should be “honest, open, truthful, in one word: more decent”: At the Volkswagen General Assembly… Continue reading Volkswagen’s new corporate structure: Diess wants to convert the “tanker” Volkswagen into a “speedboat network”

SF Motors set sights on EV mass production with latest R&D testing facility

By Christian Prenzler Posted on April 25, 2018 Santa Clara based electric vehicle startup SF Motors is opening up a new full-scale R&D center in Silicon Valley. SF Motors was founded in January 2016 after a large investment from Sokon Motors, a large Chinese automotive company. The company’s new 130,000 sqft research and development facility… Continue reading SF Motors set sights on EV mass production with latest R&D testing facility

BMW, GM, Ford and Renault launch blockchain research group for automotive industry

Car makers BMW, General Motors, Ford and Renault are the big names behind a new group announced today to explore the potential of the blockchain in the automotive and mobility space. MOBI — the Mobility Open Blockchain Initiative — launches today with over 30 founding members that also include Bosch, Blockchain at Berkeley, Hyperledger, Fetch.ai, IBM and IOTA. The… Continue reading BMW, GM, Ford and Renault launch blockchain research group for automotive industry

Toyota Motor North America Reports April 2018 Sales

PLANO, Texas, May 1, 2018 /PRNewswire/ — Toyota Motor North America (TMNA) today reported April 2018 sales of 192,348 vehicles, a decrease of 4.7 percent from April 2017 on a volume basis. With two less selling days in April 2018 compared to April 2017, sales were up 3.2 percent on a daily selling rate (DSR) basis. … Continue reading Toyota Motor North America Reports April 2018 Sales

Avis Budget Group strikes connected car deal with Groupe PSA

Avis Budget Group has announced the addition of 6,000 Peugeot, Citroën and DS vehicles to its connected car rental fleet in Europe, with an additional 5,000 cars expected later this year. These vehicles will operate across the Company’s Avis and Budget brands in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Portugal,… Continue reading Avis Budget Group strikes connected car deal with Groupe PSA

Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase

MAUMEE, Ohio, April 30, 2018 /PRNewswire/ — Highlights Sales of $2.1 billion, an increase of $437 million, growth of 26 percent Net income attributable to Dana of $108 million; diluted EPS of $0.73 Adjusted EBITDA of $248 million, an increase of $43 million providing a margin of 11.6 percent Diluted adjusted EPS of $0.75, an… Continue reading Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase

Top Automotive Industry News for Week of April 23 – April 29, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week April 23, 2018 – April 29, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 6 Reasons Ford CEO Jim Hackett Decided To Deep-Six Its Sedans… Continue reading Top Automotive Industry News for Week of April 23 – April 29, 2018

DENSO Announces Year-end Financial Results

KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for fiscal year ending March 31, 2018: Consolidated revenue totaled 5,108.3 billion yen (US$48.1 billion), a 12.8 percent increase from the previous year. Consolidated operating profit totaled 412.7 billion yen (US$3.9 billion), a 24.8 percent increase from the previous year. Consolidated profit… Continue reading DENSO Announces Year-end Financial Results