Hong Kong-listed China Harmony New Energy Auto Holding Ltd. has completed a spin-off of an after-sales unit, which has reached agreements to received RMB280 million (US$41 million) from a few strategic investors, according to a disclosure filing. Automobile industry-focused investment firm Leaguer Auto and Aotuo Investment have agreed to invest in Independent Aftersales Company, an… Continue reading China Harmony New Energy Auto’s After-Sales Unit Raises $41M
Tag: Toyota
China Fines For Foreign Automakers Raise Regulatory Risks
Investigations by China’s National Development and Reform Commission (NDRC) into anti-competitive behavior in the autos sector have raised regulatory uncertainty and risk for international car makers, says credit rating agency Fitch Ratings. The potential fines likely to be levied are not expected to have a material impact on corporate stability. However, it is unclear whether… Continue reading China Fines For Foreign Automakers Raise Regulatory Risks
Tavares sets Opel employees gallows period
Opel has three years, but then the German car maker must purr PSA according to his French buyer. The workforce in Rüsselsheim puts this under enormous pressure. PSA boss Carlos Tavares Monday, 06.03.2017 15:17 clock PSA boss Carlos Tavares takes only a few minutes to outline the public to sketch his coupuntil he hands the… Continue reading Tavares sets Opel employees gallows period
TriLumina Closes Additional Round of Funding
May 17, 2017 May 17, 2017 – Albuquerque, NM TriLumina Corp., the leading provider of solid-state automotive LiDAR illumination for ADAS and autonomous driving, today announced that it has closed and additional $9 million equity and debt financing. Proceeds will be used to accelerate the development of its cost-effective, compact LiDAR illumination modules to enable… Continue reading TriLumina Closes Additional Round of Funding
Panasonic’s Photovoltaic Module HIT(TM) adopted for Toyota Motor’s New Prius PHV
Newly developed “HIT™ Photovoltaic Module for Automobile” generates power and charges the drive and 12 V batteries Osaka, Japan – Panasonic Corporation today announced that it has recently developed the “HIT™ Photovoltaic Module for Automobile”, which was adopted for the new Prius PHV released in February 2017 by Toyota Motor Corporation (hereafter Toyota Motor).In addition,… Continue reading Panasonic’s Photovoltaic Module HIT(TM) adopted for Toyota Motor’s New Prius PHV
South Korea imposes millions in fines against German manufacturers
In South Korea, BMW, Mercedes and Porsche are threatening fines of 55 million euros. The Ministry of the Environment in Seoul accuses the companies of violating exhaust gas regulations. BMW admits “irregularities”. Bloomberg via Getty Images Porsche dealership in Seoul Thursday, 09.11.2017 16:50 South Korea wants to impose fines on the German automakers BMW, Mercedes… Continue reading South Korea imposes millions in fines against German manufacturers
DENSO Invests in Semiconductor Laser Startup TriLumina
April 7, 2016 SOUTHFIELD, Mich. – DENSO International America, Inc. has invested in TriLumina Corp., an innovative semiconductor laser technology company that focuses on providing light sources for LiDAR and interior illumination products. DENSO is looking to speed up the adoption of LiDAR and driver monitoring technologies in Advanced Driver Assistance systems, which are key technologies… Continue reading DENSO Invests in Semiconductor Laser Startup TriLumina