Tag: Tier 1 Suppliers

Entering the ridesharing business

Berlin and Stuttgart, Germany – Bosch is entering the ridesharing business. The supplier of technology and services has acquired Splitting Fares Inc. (SPLT), a U.S. start-up based in Detroit. SPLT operates a platform that allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The B2B approach is designed especially for commuters. SPLT… Continue reading Entering the ridesharing business

DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles

KARIYA, Japan, Feb. 21, 2018 /PRNewswire/ — DENSO, one of the world’s largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California. Dellfer is a young startup focusing on cybersecurity solutions against “zero day” attacks within connected networks such as deployed IoT devices, and in… Continue reading DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles

The European Commission’s Announcement Concerning the EU Competition Law related to Certain Automotive Components

KARIYA (Japan) — On February 21, 2018 (Central European Time), the European Commission (the Commission) announced that it has imposed fines on certain automotive suppliers that infringed EU competition law in connection with past sales of automotive spark plugs. The Commission has investigated certain automotive suppliers including DENSO Corporation in this matter, and DENSO has… Continue reading The European Commission’s Announcement Concerning the EU Competition Law related to Certain Automotive Components

Delphi Technologies reports fourth quarter and full year 2017 financial results

LONDON, Feb. 21, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion, today reported fourth quarter 2017 U.S. GAAP earnings of $0.63 per diluted share. Excluding special items, fourth quarter earnings totaled $1.24 per diluted share. The Company also reported revenue of $1.3 billion for the quarter and $4.8 billion for… Continue reading Delphi Technologies reports fourth quarter and full year 2017 financial results

Bosch buys U.S. start-up to expand connected-drive ops

BERLIN, Feb 21 (Reuters) – Germany’s Robert Bosch said it has acquired a carpooling start-up in the United States and created a new digital unit to further its expansion into data-based mobility services. Privately-held Bosch has purchased Detroit-based Splitting Fares Inc (SPLT), which offers carpooling services to about 140,000 users in the United States, Mexico… Continue reading Bosch buys U.S. start-up to expand connected-drive ops

Bosch starts new division, acquires U.S. carpooling start-up

Feb 21 (Reuters) – Germany’s Robert Bosch on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift. The carpooling start-up Splitting Fares Inc, whose app connects people who share the same route… Continue reading Bosch starts new division, acquires U.S. carpooling start-up

Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm

Bosch has acquired a ridesharing startup called SPLT that offered employers, universities and municipal authorities workforce-focused ridesharing services to help them offer shared commute as a means of increasing convenience and alleviating route congestion. Bosch, a leading global automotive industry supplier, is also establishing a new dedicated mobility services division, a sign of the changing… Continue reading Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm

Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain

Partnership will improve livelihoods of rubber tree farmers in Indonesia Tracking of the supply chain from the rubber cultivators to production will prevent deforestation Continental is consistently increasing sustainability activities in purchasing Hanover, February 21, 2018. Technology company Continental and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH are joining forces in a development partnership to… Continue reading Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain

The auto subcontractor Maike dismantled

Maike Automotive, 1,450 employees, did not escape the dismantling. In difficulty, this large automotive subcontractor in the Arve Valley, in Haute-Savoie, had been placed in backup procedure last summer. After a process of several months, the Grenoble Commercial Court rendered its deliberations on Tuesday: it has awarded two of its four companies, Frank & Pignard… Continue reading The auto subcontractor Maike dismantled