Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” business model, as it aims to scale production. The cuts will affect around 140 employees, and are starting immediately. Luminar is also cutting… Continue reading Luminar cuts 20% of staff and outsources lidar production
Tag: Geely
Worried about dementia? Here’s why I’m ditching GPS for a road atlas
Gregory_DUBUS/Getty Images One of my kids is playing a regional rival in soccer and the venue is in unfamiliar territory. Getting there on time on a weekday is challenging enough thanks to endless domestic chores. However, my recent ritual — borne of a discovery that using navigational apps has been linked to higher rates of… Continue reading Worried about dementia? Here’s why I’m ditching GPS for a road atlas
German Manager Magazine: Rivian: Frank Klein leaves electric car manufacturer, Javier Varela takes over003299
In the middle of the crisis, the electric car manufacturer Rivian lost its COO Frank Klein (51). After around two years as operational boss, Klein resigned, the start-up from Irvine, California announced on Friday without giving any reasons. Javier Varela, who was most recently deputy CEO at Volvo Cars, will take over his position in… Continue reading German Manager Magazine: Rivian: Frank Klein leaves electric car manufacturer, Javier Varela takes over003299
EU says information from three Chinese EV makers insufficient
If the Commission concludes that the provided information from sampled companies BYD, SAIC and Geely is insufficient, it could use evidence available elsewhere to compute tariffs, a move that can inflate them. The European Commission has warned three Chinese electric vehicle makers that they have not supplied sufficient information for its anti-subsidy investigation, according to… Continue reading EU says information from three Chinese EV makers insufficient
Ramkrishna Forgings eyes 20% revenue growth in FY25, says CFO
Ramkrishna Forgings, a Kolkata-based auto ancillary, saw a 24% increase in topline in FY24 at Rs 3,955 crore and anticipates sustaining this growth momentum, with a further 15%–20% rise projected for FY25. According to Lalit Kumar Khetan – Whole-Time Director and Chief Financial Officer, a significant rebound in domestic volumes as well as the increasing… Continue reading Ramkrishna Forgings eyes 20% revenue growth in FY25, says CFO
The software slashing EV charge times without harming batteries
However appealing the oily stuff may be to anyone with even slight petrolhead leanings, the fact is that software is becoming hugely important in shaping the character of our cars. That applies to not just the way they are designed and put together but also the way they work. It’s not all about things like… Continue reading The software slashing EV charge times without harming batteries
@Geely-Volvo: Volvo Cars announces strategic leadership changes
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Clean Technica: The EV Sales Seesaw Continues — Tesla Down In California, Volkswagen Up In China003400
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! You could get whiplash trying to keep up with all the EV sales data from around the world. Depending on which report you read, EV sales are in the toilet — a flash in the pan destined to become… Continue reading Clean Technica: The EV Sales Seesaw Continues — Tesla Down In California, Volkswagen Up In China003400
China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
Automakers in China are building a new generation of bigger, more technologically advanced and competitive electric cars, threatening to leap further ahead of their global rivals as they step up exports around the world. The dozens of car companies operating in China plan to put 71 new battery electric models on sale this year. Many… Continue reading China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
Lear Corporation (NYSE:LEA) Q1 2024 Earnings Call Transcript
Lear Corporation (NYSE:LEA) Q1 2024 Earnings Call Transcript April 30, 2024 Lear Corporation beats earnings expectations. Reported EPS is $3.18, expectations were $3.04. Lear Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the Lear… Continue reading Lear Corporation (NYSE:LEA) Q1 2024 Earnings Call Transcript