Fernride, a Munich, and Wolfsburg, Germany-based autonomous trucking innovator, closed a further $19M in Series A funding, bringing the total round amount to $50M. New investors included Deep Tech and Climate Fonds (DTCF), Munich Re Ventures, Bayern Kapital, and Klaus Kleinfeld. The company intends to use the funds to expand its business reach and development… Continue reading Fernride Raises $50M in Series A Funding
Tag: Mobility
TU Munich gets its own test field
from David Fluhr · September 21, 2023 Computing technology in the car The Technical University of Munich (TUM) is receiving its own test field for research in the area of networked mobility systems. The test field in Ottobrunn/Taufkirchen enables complex traffic scenarios to be examined under laboratory conditions. The focus here is on the interaction… Continue reading TU Munich gets its own test field
The Future of Car Rentals: Big Data and Game-Changing AI Inspection Technology
One example of an innovative solution in the car rental space employs advanced computer vision and machine learning algorithms to automatically inspect vehicles for damage. Photo: Ravin AI A ride in a rented car was once nothing more than a means to an end, a necessity for tourists, business travelers or for those whose cars… Continue reading The Future of Car Rentals: Big Data and Game-Changing AI Inspection Technology
VinFast’s revenue doubles in Q2 2023 on more deliveries to domestic customersUS deliveries have remained low after a bleak launch into the market.
Vietnamese electric-vehicle maker VinFast said on Thursday its revenue more than doubled in the second quarter on higher deliveries to domestic customers, in its first results since making a blockbuster debut last month. The loss-making startup garnered a valuation of about $85 billion – higher than that of US automakers Ford and General Motors – on its… Continue reading VinFast’s revenue doubles in Q2 2023 on more deliveries to domestic customersUS deliveries have remained low after a bleak launch into the market.
China’s Nio launches smartphone developed to use with its electric cars
China’s Nio Inc on Thursday unveiled a high-end smartphone designed to be used with its electric vehicles, touting a plethora of related functions such as using the phone to instruct the car to park itself. The launch of the Nio Phone – the first car-specific phone to be sold by a Chinese firm, highlights the… Continue reading China’s Nio launches smartphone developed to use with its electric cars
Linamar to Acquire Propulsion-Agnostic Business from Mobex
GUELPH, ON, Sept. 21, 2023 /CNW/ – Linamar Corporation (TSX: LNR) announced today that its subsidiary Linamar Structures USA (Michigan), Inc. has reached a definitive agreement with Mobex Fourth and 1, LLC, and certain of its affiliates to acquire a substantial portion of its US-based assets for $70M USD cash consideration, subject to customary adjustments.… Continue reading Linamar to Acquire Propulsion-Agnostic Business from Mobex
Webcast Alert: BorgWarner 2023 Third Quarter Results Conference Call
AUBURN HILLS, Mich., Sept. 20, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) announces the following Webcast: BorgWarner Logo (PRNewsfoto/BorgWarner) What: BorgWarner 2023 Third Quarter Results Conference Call When: November 2, 2023 @ 9:30am Eastern Time Where: http://www.borgwarner.com/en/Investors/default.aspx How: Live over the Internet — Simply log on to the web at the address above. Contact: Patrick… Continue reading Webcast Alert: BorgWarner 2023 Third Quarter Results Conference Call
NEW GOODYEAR WRANGLER® BOULDER MT™ FUELS OFF-ROAD ADVENTURE WITH PREMIUM PERFORMANCE, DEPENDABLE DURABILITY
New Wrangler® Boulder MT™ is engineered for confidence in the toughest terrains, while protecting against damage to sidewalls and treads AKRON, Ohio, Sept. 21, 2023 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced the newest addition to its lineup of hardworking Wrangler® tires, the Wrangler Boulder MT™. The Goodyear Tire &… Continue reading NEW GOODYEAR WRANGLER® BOULDER MT™ FUELS OFF-ROAD ADVENTURE WITH PREMIUM PERFORMANCE, DEPENDABLE DURABILITY
The United Nations and JCDecaux launch global Road Safety campaign to address the number one cause of mortality for young people
Road traffic crashes kill 1.35 million people every year and injures over 50 million, often for life. Developing countries account for 93% of these victims and the most vulnerable road users (pedestrians, cyclists and motorcyclists) and the poor are disproportionately affected worldwide. Over the next two years, the ‘Make a Safety Statement’ campaign will appear… Continue reading The United Nations and JCDecaux launch global Road Safety campaign to address the number one cause of mortality for young people
Körber celebrates partnership milestone with Geek+
HAMBURG, Germany, Sept. 20, 2023 /PRNewswire/ — Global strategic partnership empowers businesses to overcome efficiency, scalability and sustainability challenges across supply chain Körber and Geek+, a global leader in robotic solutions for logistics, are announcing the third anniversary of their strategic partnership. Geek+ is one of Körber’s trusted global robotic partners, making this anniversary an important… Continue reading Körber celebrates partnership milestone with Geek+