About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital completes investment in USD 20 million Series B of Ferroelectric Memory
Tag: Manufacturing
The electric car industry now has its own lobbying group
Tesla, Uber, Rivian, Lucid Motors, and others have joined forces to create a new lobbying group for electric vehicles on Capitol Hill. The group, which is called the Zero Emission Transportation Association (ZETA), says its mission is that 100 percent of new car sales are electric by 2030. Some states are already moving in that… Continue reading The electric car industry now has its own lobbying group
Schaeffler AG: Schaeffler announces Mid-term Targets
2020-11-17 | Herzogenaurach Schaeffler AG’s (ISIN DE000SHA0159, WKN SHA015) Board of Managing Directors today agreed the following Mid-term Targets up to 2025. The Mid-term Targets are based on a Financial Framework which provides targets for the Schaeffler Group as well as for its three Divisions. The Mid-term Targets for the three Divisions are as follows:… Continue reading Schaeffler AG: Schaeffler announces Mid-term Targets
Lordstown Motors puts R&D center in Farmington Hills
Detroit — Electric vehicle startup Lordstown Motors Corp. is creating an automotive R&D center in Farmington Hills with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation said Tuesday. The center will have offices, space for vehicle inspection and benchmarking, and labs for testing, validation and prototyping. The project comes with $3.6 million in private investment and… Continue reading Lordstown Motors puts R&D center in Farmington Hills
DENSO Selects Foretellix Intelligent Automation Platform for Verification of ADAS and Automated Driving Systems
KARIYA, Japan and TEL AVIV, Israel, Nov. 17, 2020 /PRNewswire/ — DENSO Corporation, the world’s second largest mobility supplier, has selected Foretify™, Foretellix’s advanced coverage driven verification platform, to enhance safety and reduce both development costs and time-to-market for its new ADAS and automated driving solutions. The Foretify™ platform allows for a significant reduction in cost… Continue reading DENSO Selects Foretellix Intelligent Automation Platform for Verification of ADAS and Automated Driving Systems
Tritium launches new ‘scalable’ EV charging platform
Europe is Tritium’s fastest-growing market. (Representative Image) LONDON: Electric vehicle charging station maker Tritium said on Tuesday it is launching a new “scalable” platform so its customers can expand stations to charge more cars at once or change the speed at which they provide a charge. The new charging platform will hit the market in… Continue reading Tritium launches new ‘scalable’ EV charging platform
Brose pushes ahead with transformationCoburg9 Nov 2020The Future Brose renewal program will help the automotive supplier remain competitive and return…
Coburg, 11-09-2020 The Future Brose renewal program will help the automotive supplier remain competitive and return to profitable growth. For this purpose, Brose will invest in innovative technologies, expand its international production network and improve cost structures. In early November the company reached an agreement with the works councils in Germany on optimizing the organization… Continue reading Brose pushes ahead with transformationCoburg9 Nov 2020The Future Brose renewal program will help the automotive supplier remain competitive and return…
StradVision Introduces Surround View Monitoring Solution Enabling Groundbreaking Advanced Driver Assistance Systems (ADAS) Features
SEOUL, South Korea, Nov. 17, 2020 /PRNewswire/ — StradVision, a leading innovator in AI-based camera perception software for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV), is revealing its latest automotive Surround View Monitoring (SVM) technology at AutoSens 2020, an award-winning international conference for the automotive sensor industry. Through an AutoSens 2020 online session titled… Continue reading StradVision Introduces Surround View Monitoring Solution Enabling Groundbreaking Advanced Driver Assistance Systems (ADAS) Features
Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
TROY, Mich., Nov. 17, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for $275,000,000 of the outstanding $450,000,000 aggregate principal amount of its 6-1/4% notes due 2024 (the “Notes”). The redemption date is Dec. 16, 2020 (“Redemption Date”), and the redemption price will be equal to 102.083%… Continue reading Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
Germany to up financial aid for cars sector -government sources
By Reuters Staff 1 Min Read BERLIN (Reuters) – Germany will provide an additional 1 billion euros ($1.2 billion) to subsidize the development and production of climate-friendly cars, two government sources told Reuters on Tuesday. Another at least 500 million euros will be used for a scrappage scheme for older trucks to help private logistics… Continue reading Germany to up financial aid for cars sector -government sources