MAHLE licenses wireless EV charging technology from WiTricity

Automotive supplier MAHLE announced that it has licensed magnetic resonance wireless charging technology from WiTricity. “With the acquisition of licenses for WiTricity’s magnetic resonance technology, we’re now progressing to the concrete development stage,” said MAHLE’s Otmar Scharrer. “This will involve our expertise in control electronics, software, and thermal management. In the development of our solution,… Continue reading MAHLE licenses wireless EV charging technology from WiTricity

Magna Posts Record Sales As CEO Bemoans Tariffs

View photos Canadian auto and truck parts maker Magna International (NYSE: MGA) reported a better than expected profit on Friday, February 22, but its CEO noted that the Trump administration’s tariffs were hurting the company’s U.S. plants. Magna generated a $456 million profit in the fourth quarter of 2018, an 18 percent decline compared to… Continue reading Magna Posts Record Sales As CEO Bemoans Tariffs

Bosch enables emergency call outside the car

Bosch Service Solutions, a solution provider for mobility services, is expanding its eCall service beyond the car. Thanks to a new app users can trigger an automatically generated emergency call outside of a car, for example from a bicycle, electric scooter, motorcycle or bus. This is made possible through cooperation with American mobile security solutions… Continue reading Bosch enables emergency call outside the car

Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%

Fourth Quarter 2018 HighlightsRecord fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017Cash from operations of $1.6 billionReturned $585 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 11% to $0.365 per shareFull Year 2018 HighlightsRecord sales of $40.8 billion, up 12% from 2017Record diluted earnings per… Continue reading Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%

Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites

Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgEmpassed corporations from the automotive industry have in recent months attracted attention with negative headlines, Profit warnings at Daimler and BMWbut also with large suppliers like Continental worried the financial markets. Volkswagen is a different story: after a stable financial year,… Continue reading Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites

PEUGEOT CYCLES reveals its new e-bike racing team

PEUGEOT Cycles is entering the electric race. The PEUGEOT riders, bikes and sponsors were revealed on 22 February at the PEUGEOT DESIGN LAB Studio in Vélizy (France). PEUGEOT CYCLES are taking part in the 2019 World E-Bike Series (WES), international electric mountain-bike racing series. This event will be a showcase for PEUGEOT’s range of high… Continue reading PEUGEOT CYCLES reveals its new e-bike racing team

ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket

“Increasing technology and purchasing power driven by online sales mean that the global customer expects its demands to be met 24/7. Anything less is no longer acceptable and you will lose business. If the customer doesn’t get what they want, when they want it, in the right way and at the right price – they… Continue reading ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket

UPDATE 2-Magna International profit beats on strength in vehicle assembly unit

(Adds details on business segments) Feb 22 (Reuters) – Canada’s Magna International Inc beat analysts’ estimates for quarterly profit on Friday as the auto parts maker assembled more vehicles, benefiting from new launches by car makers Jaguar Land Rover and Daimler AG. Sales at its complete vehicles unit rose 39 percent to $1.69 billion, with… Continue reading UPDATE 2-Magna International profit beats on strength in vehicle assembly unit

AEye Advisory Board Profile: Tim Shiple

We sat down with each of our Advisory Board Members to ask them why they’re excited about working with AEye…

Mr. Shiple has 30 years of experience in roles such as Chief Operations Officer and Chief Supply Chain Officer. His experience includes: Portfolio management, Procurement, Finance, Operations, M&A, ERP, and Product Hardware & Software Development. At Google, he led Supply Chain and Quality and Customer Care initiatives. As the Senior Executive in charge of M&A with Ecolab, Mr. Shiple helped improve their performance and manage identification of acquisition synergies. Mr. Shiple earned a bachelor’s degree in business at Spring Arbor University. He received Executive Management and Leadership education at Columbia University.

Q: What in your past experience ultimately drew you to the autonomous vehicle arena?
With over 15 years of experience in the automotive industry and another 12 years in technology, I’ve found that the development of autonomous vehicles is the perfect intersection of my experience and interests.

Q: Why AEye?
Because of my experience in automotive and technology, I’m able to spot a lucrative startup in those fields. AEye is one of those.

Talking to many key players in the automotive industry and the autonomous space — such as Tier 1s and OEMs who are trying to assess their positioning and their technology — has given me the unique ability to find a promising startup and help it grow and mature, while also providing resources and connections on both sides of the industry.

Q: Where do you see ADAS solutions, autonomous vehicles, and/or artificial perception, heading within the next few years? The next decade? Beyond? How do you see AEye playing a pivotal role in this vision?
As perception layers become more important to automotive companies, Tier 1s will certainly include AEye’s advanced artificial perception system, iDAR, in the ADAS systems they’re developing. In the short term, I see that the industry will first make better safety systems for ADAS, which will eventually lead us through the 5 levels of autonomy.

But I’m not just referring to self-driving cars. This will include planes, trains, and other vehicles, many of which will usher us into a new dimension of transportation. We’ll begin to not only see self-driving vehicles on the road, but in the air, which will get us to where we need to go faster, and in a more economic way. The flying vehicle promise will be fulfilled sooner than we think, and AEye will play a pivotal role in perception for these vehicles every step of the way.

AEye Advisory Board Profile: Tim Shiple — The Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanAEye Advisory Board Profile: Elliot GarbusAEye Advisory Board Profile: Willie GaultThe Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessAEye Advisory Board Profile: Scott PfotenhauerAEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARAEye’s iDAR Leverages Biomimicry to Enable First Solid State Lidar with 100Hz Scan RateAEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SKAEye Extends Patent Portfolio, Creating Industry’s Most Comprehensive Library of Solid-State Lidar Intellectual PropertyBlair LaCorte Named President of AEye

Delphi Technologies reports fourth quarter and full year 2018 financial results, provides full year 2019 outlook

LONDON, Feb. 21, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”), a global leader in vehicle propulsion, today reported fourth quarter 2018 U.S. GAAP earnings of $1.52 per diluted share. Excluding special items, fourth quarter earnings totaled $1.06 per diluted share. The Company also reported revenue of $1.2 billion for the… Continue reading Delphi Technologies reports fourth quarter and full year 2018 financial results, provides full year 2019 outlook