Tag: Tier 1 Suppliers

Lear Reports Fourth Quarter and Full Year 2018 Results

SOUTHFIELD, Mich., Jan. 25, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical and electronic systems, today reported results for the fourth quarter and full year 2018.  Highlights include: Fourth Quarter 2018 Sales of $4.9 billion, compared to $5.4 billion in the fourth quarter 2017 Net income of… Continue reading Lear Reports Fourth Quarter and Full Year 2018 Results

Self-contained tracking camera from Intel targets robots and autonomous devices

New from the Intel RealSense line of products is the T265 standalone tracking camera, which uses proprietary visual inertial odometry simultaneous localization and mapping (V-SLAM) technology with computing at the edge for accurate and low-latency tracking for applications such as robotics, drones, augmented reality (AR), and virtual reality. [Native Advertisement] Intel’s RealSense Tracking Camera T265… Continue reading Self-contained tracking camera from Intel targets robots and autonomous devices

Delphi Technologies announces $200 million share repurchase program and suspends quarterly dividend

“ LONDON, Jan. 24, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion systems, today announced that its Board of Directors has approved a $200 million share repurchase program and the suspension of its quarterly dividend. “Given Delphi Technologies’ current share price and our confidence in new Chief Executive Officer, Rick Dauch,… Continue reading Delphi Technologies announces $200 million share repurchase program and suspends quarterly dividend

Bosch to assume full control of electric motor manufacturer EM-motive

Mobility Solutions is the largest Bosch Group business sector. In 2017, its sales came to 47.4 billion euros, or 61 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free. emissions-free, and stress-free, and combines the… Continue reading Bosch to assume full control of electric motor manufacturer EM-motive

Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of the Mobility Solutions business sector, on electromobility at Bosch

Mobility Solutions is the largest Bosch Group business sector. In 2017, its sales came to 47.4 billion euros, or 61 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free. emissions-free, and stress-free, and combines the… Continue reading Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of the Mobility Solutions business sector, on electromobility at Bosch

Robert Bosch Venture Capital invests in AutoAI

About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital invests in AutoAI

Steven Armstrong

Steven Armstrong is group vice president and president of Europe, Middle East and Africa, Ford Motor Company, a position he was named to on June 1, 2017. In this role, he is responsible for leading the transformation of Ford’s European and Middle East and Africa business units, building a sustainably profitable business through an unprecedented… Continue reading Steven Armstrong

UPDATE 1-As Google races ahead, German carmakers look to go faster on autonomous driving

FRANKFURT (Reuters) – Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. FILE PHOTO: Three of the fleet of 600 Waymo Chrysler Pacifica Hybrid… Continue reading UPDATE 1-As Google races ahead, German carmakers look to go faster on autonomous driving

Desktop Metal Closes $160M Series E Funding Round

Desktop Metal, a Burlington, MA-based metal 3D printing technology company, closed a $160m Series E funding round. The round was led by Koch Disruptive Technologies (KDT), with participation from GV (formerly Google Ventures), Panasonic, and Techtronic Industries, as well as previous venture capital investors Lux Capital, New Enterprise Associates (NEA) and Kleiner Perkins. The company,… Continue reading Desktop Metal Closes $160M Series E Funding Round