Car safety equipment suppliers are fined second time for participating in a cartel. BRUSSELS: The European Commission said on Tuesday it had fined car safety equipment makers Autoliv and TRW 368.3 million euros for setting up a cartel to supply car seat belts, airbags and steering wheels to European car producers. The Commission, which is… Continue reading EU fines car safety equipment makers 368 million euros for cartel
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Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump
We started later in electric mobility than others did, but we are working now to catch up: Rosenfeld FRANKFURT: German bearings maker Schaeffler said it would cut 900 jobs, shut plants and reduce its product range after its 2018 earnings slumped due to weak demand in Europe and China and it warned of a challenging… Continue reading Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump
In brief: SoCar ventures into micro-mobility via Korean e-bike sharing investment
Leveraging SoCar’s platform, Elecle plans to launch its service with 350 e-bikes. Go to Source
Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU
Efficient computer vision systems are a critical component of autonomous and assisted driving vehicles, and now a startup that has developed a way to deliver computer vision technology without relying on costly and bulky hardware — by building deep learning software that can run even on low-end processors — has secured a round of funding… Continue reading Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU
Waymo to start selling standalone LiDAR sensors
Waymo, the Google self-driving project that spun out to become a business under Alphabet, will start selling its custom LiDAR sensors — the technology that was at the heart of a trade secrets lawsuit last year against Uber. The company announced Wednesday in a blog post that it will sell is light detection and ranging… Continue reading Waymo to start selling standalone LiDAR sensors
Spain’s Cabify returns to Barcelona under new restrictions
MADRID, March 6 (Reuters) – Spanish ride-hailing service Cabify said on Wednesday it will return to the northeastern city of Barcelona on Thursday but will operate under strict new regulations after the local government caved in to the demands of striking taxi drivers. In January, taxi drivers in Barcelona and Madrid shut down services and… Continue reading Spain’s Cabify returns to Barcelona under new restrictions
Waymo will sell LIDAR to customers who won’t compete with its robot taxi business
Waymo, the self-driving unit of Google parent Alphabet, will begin selling its LIDAR sensors to customers who won’t compete with its robot taxi business, the company announced on Wednesday. The news was first reported by Bloomberg. LIDAR, which stands for Light Detection and Ranging, are laser sensors that most tech and car companies see as… Continue reading Waymo will sell LIDAR to customers who won’t compete with its robot taxi business
Connectivity and digitization driving change in car industry, CEO of Samsung’s Harman says
Auto sector having an awakening with digitalization, Harman CEO says
22 Hours Ago | 02:35
Personalization, digitization, user experience and live connectivity in cars are driving change in the industry, according to the CEO of Samsung's American subsidiary Harman.
“Cars used to be where we spent a lot of time, and very private time,” Dinesh Paliwal told CNBC's Annette Weisbach at the Geneva Motor Show on Wednesday.
People felt disconnected in their cars through not having the “same ecosystem” as the one outside their vehicle, Paliwal said.
Today's cars boast a broad range of technological features, from Bluetooth and automated parking to digital assistants and inbuilt satellite navigation systems.
Earlier this week, for example, the Hyundai Motor Group announced it had developed a digital key that enables drivers to unlock, start and drive their car using a smartphone.
According to Paliwal, there had been a “major awakening” in the industry. “They're saying, 'this is an existential issue, we need to keep up and catch up the digitization and personalization in the car'.”
This was fueling a whole new discussion, he explained. “It's not about brakes, it's not about the new lights, it's not about… new luxury, it's about new digital ecosystems.”
Harman specialises in the design and engineering of connected technology. The business was acquired by Samsung Electronics for $8 billion in 2018.
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Tenneco Supplies Suspension on Jaguar I-PACE All-Electric SUV
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco Inc. (NYSE: TEN), a global supplier of Ride Performance and Clean Air products and systems, is supplying suspension components for the new Jaguar I-PACE all-electric luxury crossover SUV. The vehicle features Tenneco’s passive front and rear dampers and coil and air spring suspension modules, engineered to improve ride performance and stability.… Continue reading Tenneco Supplies Suspension on Jaguar I-PACE All-Electric SUV
Nissan ex-boss Ghosn released after 108 days
Media playback is unsupported on your device Former Nissan boss Carlos Ghosn has left prison in Japan on bail, more than three months after being arrested. A Tokyo court made the surprise decision to allow his release on Tuesday, setting bail at 1bn yen (£6.8m; $8.9m). Mr Ghosn has been charged with financial misconduct and… Continue reading Nissan ex-boss Ghosn released after 108 days