Tag: Tier 1 Suppliers

Press: ZF signs definitive agreement to acquire WABCO

WABCO is a leading global supplier of braking control systems, technologies and services that improve safety, efficiency and connectivity of commercial vehicles including trucks, buses and trailers. Its diverse products and services include integrated braking systems and stability control, air suspension systems, transmission automation controls, as well as aerodynamics, telematics, and fleet management solutions. WABCO,… Continue reading Press: ZF signs definitive agreement to acquire WABCO

UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO

(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of larger… Continue reading UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO

UPDATE 3-Parts maker ZF Friedrichshafen positions for driverless cars with $7 bln deal for Wabco

FRANKFURT (Reuters) – German auto parts maker ZF Friedrichshafen has agreed to buy U.S. rival Wabco for over $7 billion, an acquisition it has long targeted to bolster its expertise in autonomous-driving technologies. The all-cash deal, announced by the two companies on Thursday, is for $136.50 per share. That represents a 13 percent premium to… Continue reading UPDATE 3-Parts maker ZF Friedrichshafen positions for driverless cars with $7 bln deal for Wabco

Capgemini research shows AI will drive profitability in automotive

The Capgemini Research Institute has found that just 10% of major automotive companies are implementing artificial intelligence (AI) projects at scale, despite evidence that the technology could add millions to their profits. A study carried out by the research body found that AI could increase the operating profit of businesses in the sector by up… Continue reading Capgemini research shows AI will drive profitability in automotive

Honda Global | March 28, 2019 SUBARU, Nissan, and Mazda Vehicles to Be Newly Equipped with “D-Call Net®” Advanced Automatic Collision Notification System

A total of nine organizations, including HEM-Net, Toyota, Honda, HELPNET, Bosch, and Premier Aid will now promote D-Call Net® initiatives throughout Japan Tokyo, Japan, March 28, 2019—Three new automobile manufacturers—SUBARU, Nissan, and Mazda—are to participate in D-Call Net®, which comprises the certified non-profit organization Emergency Medical Network of Helicopter (HEM-Net), automobile manufacturers, and service providers.… Continue reading Honda Global | March 28, 2019 SUBARU, Nissan, and Mazda Vehicles to Be Newly Equipped with “D-Call Net®” Advanced Automatic Collision Notification System

Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility – PRNewswire

AUBURN HILLS, Mich., March 11, 2019 /PRNewswire/ — Michelin, world leader in tyres and sustainable mobility, and Faurecia, technology leader in the automotive industry, announced today the signature of a Memorandum of Understanding to create a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of… Continue reading Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility – PRNewswire