Tag: Tier 1 Suppliers

DENSO Announces Executive Leadership Changes in North America

To achieve this during a time of unprecedented change in the automotive industry, DENSO is focused on strengthening global collaboration, overall North America functions and regional business units. The executive changes announced today will accelerate those focuses to help DENSO meet its goals to: Improve performance in areas like electrification and automated driving Increase sustainable… Continue reading DENSO Announces Executive Leadership Changes in North America

+++ Newsblog +++: Continental, Post, Vonovia – an overview of the business figures of large companies

Editorial Editorial Newest first Oldest ones first Highlights Show new post Show new posts No contribution available 07.03.2019 – 09:28 Lars Ophüls The flood of balance sheets also marks the start of trading on the stock market. One of the biggest losers is Axel Springer with a price drop of five percent. Analysts were disappointed… Continue reading +++ Newsblog +++: Continental, Post, Vonovia – an overview of the business figures of large companies

EU fines car safety equipment makers 368 million euros for cartel

Car safety equipment suppliers are fined second time for participating in a cartel. BRUSSELS: The European Commission said on Tuesday it had fined car safety equipment makers Autoliv and TRW 368.3 million euros for setting up a cartel to supply car seat belts, airbags and steering wheels to European car producers. The Commission, which is… Continue reading EU fines car safety equipment makers 368 million euros for cartel

Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump

We started later in electric mobility than others did, but we are working now to catch up: Rosenfeld FRANKFURT: German bearings maker Schaeffler said it would cut 900 jobs, shut plants and reduce its product range after its 2018 earnings slumped due to weak demand in Europe and China and it warned of a challenging… Continue reading Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump

Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU

Efficient computer vision systems are a critical component of autonomous and assisted driving vehicles, and now a startup that has developed a way to deliver computer vision technology without relying on costly and bulky hardware — by building deep learning software that can run even on low-end processors — has secured a round of funding… Continue reading Brodmann17 nabs $11M for its automotive computer vision tech that runs on any CPU

Connectivity and digitization driving change in car industry, CEO of Samsung’s Harman says

Auto sector having an awakening with digitalization, Harman CEO says
22 Hours Ago | 02:35

Personalization, digitization, user experience and live connectivity in cars are driving change in the industry, according to the CEO of Samsung's American subsidiary Harman.
“Cars used to be where we spent a lot of time, and very private time,” Dinesh Paliwal told CNBC's Annette Weisbach at the Geneva Motor Show on Wednesday.
People felt disconnected in their cars through not having the “same ecosystem” as the one outside their vehicle, Paliwal said.
Today's cars boast a broad range of technological features, from Bluetooth and automated parking to digital assistants and inbuilt satellite navigation systems.
Earlier this week, for example, the Hyundai Motor Group announced it had developed a digital key that enables drivers to unlock, start and drive their car using a smartphone.

According to Paliwal, there had been a “major awakening” in the industry. “They're saying, 'this is an existential issue, we need to keep up and catch up the digitization and personalization in the car'.”
This was fueling a whole new discussion, he explained. “It's not about brakes, it's not about the new lights, it's not about… new luxury, it's about new digital ecosystems.”
Harman specialises in the design and engineering of connected technology. The business was acquired by Samsung Electronics for $8 billion in 2018.

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