Tag: Tier 1 Suppliers

SecForCARs led by infineon to develop new approaches on IT security in self-driving cars

With the growing need to protect the cars against cyber attacks, 15 partners from industry and academia will work together over the next three years on new approaches to IT security in self-driving cars which is led by Infineon. The joint project goes by the name Security For Connected, Autonomous Cars (SecForCARs) and has funding… Continue reading SecForCARs led by infineon to develop new approaches on IT security in self-driving cars

Valeo lifts the veil on its low-cost hybrid

The Vivatech exhibition served as an exhibition space for the new product of the Valeo range. This is the realization of the concept of hybridization with a battery of 48 volts. The VE enters the era of low-cost. On the occasion of Viva Technology, which is being held in Paris from May 24th to May… Continue reading Valeo lifts the veil on its low-cost hybrid

Autoliv Board approves completion of spin-off

Thu, May 24, 2018 17:00 CET –       Board of directors approves completion of spin-off and sets record date –       New board members of Veoneer –       Details on share distribution and first day of trading –       Bridge financing –       Details on second quarter reporting (Stockholm, Sweden, May 24, 2018) – Autoliv, Inc. (NYSE: ALV… Continue reading Autoliv Board approves completion of spin-off

Rivian Automotive Closes Financing Round of $200 Million

author: Eric Walz    Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million

In Rennes, a fully modernized plant for the Citroën C5 Aircross

In Rennes La Janais, in the aisles of the PSA plant, we say thank you to the C5 Aircross. The “C84”, as Citroën’s new vehicle is called internally, made it possible to ensure the durability of a site born in the 1960s but whose future seemed rather gloomy before 2015. “It is now the the… Continue reading In Rennes, a fully modernized plant for the Citroën C5 Aircross

Car imports probe gives GM, Ford shares tiny lift

(Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. Washington said on Wednesday it will open a so-called Section… Continue reading Car imports probe gives GM, Ford shares tiny lift

Groupe PSA Improves Its €3 Billion Revolving Credit Facility

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) signed, on May 24th 2018, with its banking partners, an amendment of its €3 billion syndicated credit facility. This amendment improves the economic conditions of this credit facility, signed on April 8th 2014 and amended on November 10th 2015, and extends its maturity. Thus, Groupe PSA benefits from… Continue reading Groupe PSA Improves Its €3 Billion Revolving Credit Facility

Toyota Autoparts Philippines, Inc. to become Aisin’s subsidiary

Toyota Motor Corporation (“Toyota”) and Aisin Seiki Co., Ltd. (“Aisin”) have agreed today to increase Aisin’s equity participation in Toyota’s subsidiary, Toyota Autoparts Philippines, Inc. (“TAP”), from the current 34 percent to 61 percent and to make it Aisin’s subsidiary. The purpose of this arrangement is to strengthen its competitiveness in the manual transmission (“MT”)… Continue reading Toyota Autoparts Philippines, Inc. to become Aisin’s subsidiary

Groupe PSA Steps up Its Digital Transformation with the Digital Factory

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) is stepping up its digital transformation with the creation of the Digital Factory. This new facility brings resources and skills together in one place to support the operational departments in their digital transformation. Several hundred internal and external experts are on hand, in: – the Customer Digital Factory:… Continue reading Groupe PSA Steps up Its Digital Transformation with the Digital Factory