Tag: People

News Release – Magna Wins LiDAR Business With BMW Group

Please click HERE for a PDF version of the release. One of the first serial production contracts for solid-state LiDAR Supports up to L4 and L5 self-driving systems across multiple vehicle platforms Solid-state LiDAR from Innoviz Technologies meets automotive standards in a compact size and at a competitive cost AURORA, Ontario, April 26, 2018 (GLOBE… Continue reading News Release – Magna Wins LiDAR Business With BMW Group

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

With Dongfeng, PSA remains unsatisfied

They were presented to shareholders with two short videos in Chinese subtitled in French. Liu Weidong and An Tiecheng, Dongfeng’s new representatives on PSA’s supervisory board, apologized on Tuesdaygeneral meeting of the manufacturer. The Peugeot and bpifrance clan, the other reference shareholders, had come in strong support Carlos Tavares and Louis Gallois, the tandem driven… Continue reading With Dongfeng, PSA remains unsatisfied

Careem was hacked

The ride sharing app Careem has been hacked. The actual threat in the digitization of mobility, is not in the danger of having a robot car somebody bypassesbut especially in danger chopped to become. That’s what happened in Dubai at the company Careem, which has a similar concept About operates. They became victims of one… Continue reading Careem was hacked

Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million

Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million   Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following:   First quarter:  Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million

Toyota to invest $170 mln in Mississippi plant, create 400 jobs

DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs

Ford: We won’t abandon affordable, entry-level vehicles

Ford says U.S. consumers no longer want sedans. Jim Farley, Ford president of global markets, told The Detroit News on Thursday that doesn’t mean the Blue Oval won’t have affordable, fuel-efficient options. (Photo: Justin Sullivan / Getty Images) Some dealers are concerned that Ford Motor Co.’s decision to cut back its lineup of sedans and… Continue reading Ford: We won’t abandon affordable, entry-level vehicles

Autoliv provides update ahead of planned spin-off

Thu, Apr 26, 2018 23:00 CET (Stockholm, Sweden, April 26, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced important steps in the process to spin-off its Electronics business. The process of spinning off the Electronics business under the name Veoneer is progressing well. Operational separation… Continue reading Autoliv provides update ahead of planned spin-off

Ford fined $7.6 million by Australian court for mishandling PowerShift complaints

Rod McGuirk, Associated Press Published 8:26 a.m. ET April 26, 2018 | Updated 8:31 a.m. ET April 26, 2018 In this May 23, 2013, file photo, a banner is displayed at a Ford dealership in Sydney. Ford Motor Co.’s Australian subsidiary was fined 10 million Australian dollars ($7.6 million) by an Australian court on Thursday,… Continue reading Ford fined $7.6 million by Australian court for mishandling PowerShift complaints