Chevrolet Menlo Electric Vehicle Launched in China 2020-02-20 Has electric range of 410 kilometers Offers smooth, quiet and natural driving experience SHANGHAI – The Chevrolet Menlo sporty-looking sedan, the brand’s first fully electric vehicle in China, was launched today. Initially being offered in Beijing, the Chevrolet Menlo is available in four variants priced from RMB… Continue reading Chevrolet Introduces Its First EV In China: Menlo EV
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Russian driverless tech company Cognitive Pilot sets sights on IPO
By Nadezhda Tsydenova MOSCOW, Feb 21 (Reuters) – Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. The company has already attracted investment from top Russian lender Sberbank, which has bought a 30% stake, though it gave no indication… Continue reading Russian driverless tech company Cognitive Pilot sets sights on IPO
Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to €87 million ($94 million) thanks… Continue reading Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
McAfee study raises the red flag on increasing threat of AI security
The connected electric vehicle is no doubt the megatrend in the automotive world. As AI (Artificial Intelligence) models and features continue to populate the new car launches, one basic question keeps popping up, exactly how secure are these? McAfee, an American global computer security software company that claims to be the world’s largest dedicated technology… Continue reading McAfee study raises the red flag on increasing threat of AI security
Lear Announces Pricing of $650 Million Senior Notes Offering
SOUTHFIELD, Mich., Feb. 20, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced today that it priced an underwritten public offering of $350 million in aggregate principal amount of 3.50% senior unsecured notes due 2030 and an additional offering of $300 million in aggregate principal amount of… Continue reading Lear Announces Pricing of $650 Million Senior Notes Offering
Visteon Announces Fourth-Quarter and Full-Year 2019 Financial Results
Sales of $2,945 million ($744 million in fourth quarter) • 7% growth-over-market in fourth quarter 1Net income of $70 million ($35 million in fourth quarter)Adjusted EBITDA of $234 million ($85 million in fourth quarter)Awarded $6.1 billion in new businessVAN BUREN TOWNSHIP, Mich., Feb. 20, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC) today announced full-year 2019… Continue reading Visteon Announces Fourth-Quarter and Full-Year 2019 Financial Results
Autoliv shows how to elevate road safety in India, reduce accidents and fatalities
Autoliv Inc, the global leader in vehicle safety systems, has released a series of recommendations to improve road safety in India. The recommendations have been developed in cooperation with the Indian government, local authorities, and stakeholders. India has one of the largest road networks in the world with approximately 5.6 million kilometres of roads. These… Continue reading Autoliv shows how to elevate road safety in India, reduce accidents and fatalities
@BMW: Open Manufacturing Platform expands: Anheuser-Busch InBev, BMW Group, Bosch, Microsoft and ZF team up to accelerate manufacturing innovation at scale.
Anheuser-Busch InBev, BMW Group, Bosch Group, Microsoft, ZF Friedrichshafen AG named OMP steering committee members OMP was established in 2019 as an independent initiative under the umbrella of the Joint Development Foundation First working groups created: IoT Connectivity, Semantic Data Model, Industrial IoT Reference Architecture, and Core Services for Autonomous Transport Systems Berlin/company location, February… Continue reading @BMW: Open Manufacturing Platform expands: Anheuser-Busch InBev, BMW Group, Bosch, Microsoft and ZF team up to accelerate manufacturing innovation at scale.
Edited Transcript of 5108.T earnings conference call or presentation 17-Feb-20 10:59am GMT
Full Year 2019 Bridgestone Corp Earnings Call Tokyo Feb 19, 2020 (Thomson StreetEvents) — Edited Transcript of Bridgestone Corp earnings conference call or presentation Monday, February 17, 2020 at 10:59:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Akihiro Eto Bridgestone Corporation – President, COO, Representative Executive Officer & Director * Masaaki Tsuya… Continue reading Edited Transcript of 5108.T earnings conference call or presentation 17-Feb-20 10:59am GMT