The SEAT Leon line at the Martorell plant is almost unrecognisable. Today, cars are no longer being made; instead, automated ventilators are being produced to collaborate with the healthcare system in the midst of the COVID-19 crisis. Going from producing cars to ventilators in record time is the result of the intense work of many… Continue reading @VW Group: From making cars to ventilators
Tag: Tier 1 Suppliers
Lear Publishes Interactive Safe Work Playbook on Lear.com
SOUTHFIELD, Mich., April 6, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, is making available to all organizations its Safe Work Playbook, a newly created interactive guide offering potentially helpful practices for health and safety procedures, cross-functional teamwork, operating discipline and training for employees in response to the… Continue reading Lear Publishes Interactive Safe Work Playbook on Lear.com
@GM: Buick Expands Popular Excelle GT Lineup in China
Buick Expands Popular Excelle GT Lineup in China 2020-03-31 SHANGHAI — Buick today announced the expansion of its Excelle GT family sedan portfolio in China with the addition of two new variants featuring an Ecotec 1.5L DVVT engine that offers greater fuel efficiency and smoother handling. “Buick is once again addressing our customers’ evolving needs… Continue reading @GM: Buick Expands Popular Excelle GT Lineup in China
Toyota halts Japan production as carmakers slam on the brakes
TOKYO — Toyota Motor suspended production at five plants across Japan on Friday, joining the ranks of automakers throughout the world that have been forced to do the same as the coronavirus pandemic stifles sales. However, Japan’s largest automaker said it hopes its strong cash position can help it endure the pain. “I have said multiple times… Continue reading Toyota halts Japan production as carmakers slam on the brakes
Phantom AI Raises $22M in Series A Funding
Phantom AI, a Burlingame, Calif.-based developer of a vehicle-agnostic autonomous driving platform, raised $22m in Series A financing . The round, which brought the total capital raised to date to $27m, was led by Celeres Investments with participation from Ford Motor Company and KT (Korea’s largest telco) and existing investors Millennium Technology Value Partners and… Continue reading Phantom AI Raises $22M in Series A Funding
Edited Transcript of HLE.DE earnings conference call or presentation 2-Apr-20 8:00am GMT
Q3 2020 HELLA GmbH & Co KgaA Earnings Call Lippstadt Apr 2, 2020 (Thomson StreetEvents) — Edited Transcript of HELLA GmbH & Co KgaA earnings conference call or presentation Thursday, April 2, 2020 at 8:00:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Rolf Breidenbach HELLA GmbH & Co. KGaA – Chairman of… Continue reading Edited Transcript of HLE.DE earnings conference call or presentation 2-Apr-20 8:00am GMT
Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Autoliv, Inc. ALV recently canceled its quarterly dividend scheduled for Jun 4 and suspended future dividends until further notice. It also withdrew the 2020 guidance to preserve cash as vehicle sales drop on the coronavirus outbreak. The company also drew the remaining $600 million from its revolving credit facility of $1 billion. Notably, it had… Continue reading Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
MAHLE Powertrain opens new facility for electrified powertrain battery pack and module testing and development – Green Car Congress
As a response to the growing time and cost pressures facing vehicle manufacturers seeking to develop latest generation automotive electrification technologies, MAHLE Powertrain has opened a new, dedicated facility for the extensive testing of battery modules. The facility, based at the powertrain specialist’s Northampton (UK) technical center, enables the strip-down and disassembly of modules and… Continue reading MAHLE Powertrain opens new facility for electrified powertrain battery pack and module testing and development – Green Car Congress
Bosch led Project 3F presents results on automated driving at low speed
Ferrying visitors from tram stop to exhibition center, supplementing public transport routes, moving containers full of packages in a logistics center, are all these are possible use cases for driverless shuttles says German Tier 1 Bosch. The main purpose for the automated shuttles is for them to be able to get safely from point A… Continue reading Bosch led Project 3F presents results on automated driving at low speed
Edited Transcript of CON.DE earnings conference call or presentation 5-Mar-20 2:00pm GMT
Q4 2019 Continental AG Earnings Call Hanover Mar 31, 2020 (Thomson StreetEvents) — Edited Transcript of Continental AG earnings conference call or presentation Thursday, March 5, 2020 at 2:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Bernard Wang Continental Aktiengesellschaft – Head of IR * Wolfgang Schäfer Continental Aktiengesellschaft – CFO &… Continue reading Edited Transcript of CON.DE earnings conference call or presentation 5-Mar-20 2:00pm GMT