Continental increases its investment in Silicon Valley-based DigiLens to close to 18 percent Promising results of joint development for automotive waveguide head-up displays are paving the way for augmented reality Thorsten-Alexander Kern (Continental) joins DigiLens’ Board of Directors Auburn Hills, Mich., May 17, 2018 – The technology company Continental is increasing its investment in DigiLens… Continue reading Continental Increases Investment in DigiLens
Tag: Tier 1 Suppliers
(LEAD) Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
(ATTN: ADDS Truston Asset Management’s view in paras 12-13) SEOUL, May 17 (Yonhap) — Hyundai Motor Co. President and Chief Executive Lee Won-hee on Thursday came forward to defend the parent conglomerate’s governance overhaul plan amid an escalating campaign of opposition by foreign investors. “We strongly urge our shareholders to give full their support to… Continue reading (LEAD) Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
SEOUL, May 17 (Yonhap) — Hyundai Motor Co. President and Chief Executive Lee Won-hee on Thursday came forward to defend the parent conglomerate’s governance overhaul plan amid an escalating campaign of opposition by foreign investors. “We strongly urge our shareholders to give full their support to Hyundai Motor Group’s corporate restructuring plan as it is… Continue reading Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. A general view of a Mobileye autonomous driving test vehicle, at the Mobileye headquarters in Jerusalem, May 15, 2018. Picture taken May 15,… Continue reading Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars
KARIYA (Japan) ― DENSO Corporation has taken a stake in Metawave Corporation, a U.S. startup company that develops cutting-edge, millimeter-wave radar sensing technologies to detect vehicles and pedestrians. Metawave announced on May 15, 2018, it raised an additional $10 million from DENSO, Toyota AI Ventures, Hyundai Motor Company, and other strategic investors. DENSO will harness… Continue reading DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars
Intel Vision Intelligence Transforms IoT Industry
By Tom Lantzsch It’s been an amazing year leading the Internet of Things (IoT) Group at Intel. During this time we have been working hard to define and develop a data-driven technology foundation for industry innovation. Our strategy is to drive end-to-end distributed computing in every vertical by focusing on silicon platforms and workload consolidation… Continue reading Intel Vision Intelligence Transforms IoT Industry
Delphi Technologies to outline the path to electrification at SIA Powertrain Conference
ROUEN, France, May 16, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a leading provider of advanced propulsion solutions to global vehicle manufacturers is a lead participant at the 2018 Société des Ingénieurs de l’Automobile Powertrain event in Rouen on May 16-17. As a leader in vehicle propulsion, Delphi Technologies, is at the heart of… Continue reading Delphi Technologies to outline the path to electrification at SIA Powertrain Conference
(LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’
(ATTN: UPDATES with quote and other details) By Kim Kwang-tae SEOUL, May 16 (Yonhap) — Hyundai Motor Group on Wednesday accused U.S. proxy adviser ISS of misleading the market by opposing its corporate governance overhaul program as it vowed to persuade investors to support the restructuring plan at two key shareholders’ meetings set for later… Continue reading (LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’
Magna to supply structural castings to JLR from new plant in the UK
Magna has opened an aluminium casting facility in Telford, England, which will supply structural castings to Jaguar Land Rover, a leading vehicle manufacturer in the UK and Magna’s long-time customer. The new facility is approximately 225,000 square feet and is expected to employ 300 people. Magna management was joined by Jaguar Land Rover executives and… Continue reading Magna to supply structural castings to JLR from new plant in the UK
Faurecia wants to almost double in size by 2025
At the head of Faurecia just two years ago, Patrick Koller sees big for the automotive supplier. During a day investors, he unveiled Tuesday his medium-term ambitions: a turnover 30 billion euros in 2025, against 17 billion in 2017. A near-doubling, he hopes to achieve primarily through organic growth: he expects “only” 1.5 billion additional… Continue reading Faurecia wants to almost double in size by 2025