April 26 (Reuters) – Magna International Inc: * MAGNA AND BHAP CREATE JOINT VENTURE TO SUPPLY DOOR MODULES TO AUTOMAKERS IN CHINA * MAGNA INTERNATIONAL INC – JOINT VENTURE AND PRODUCTION FACILITY WOULD ALLOW BOTH MAGNA AND BHAP TO FURTHER EXPAND PRESENCE IN CHINA * MAGNA INTERNATIONAL INC – PRODUCTION WITHIN FACILITY IS SCHEDULED TO… Continue reading BRIEF-Magna And BHAP Create JV To Supply Door Modules To Automakers In China
Tag: Tier 1 Suppliers
BMW’s Magna solid-state lidar deal paves the way to autonomy
Many automakers believe that lidar, light-based mapping, is the key to vehicle autonomy. However, lidar is still pretty darn expensive, which makes mass-market adoption difficult. A new kind of lidar could change that, and BMW is ready to adopt it. Magna and Innoviz Technologies announced today that the two companies will provide BMW with solid-state… Continue reading BMW’s Magna solid-state lidar deal paves the way to autonomy
UPDATE 2-Fiat Chrysler cuts debt by more than expected
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. FILE PHOTO: Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit, Michigan, U.S., January… Continue reading UPDATE 2-Fiat Chrysler cuts debt by more than expected
Delphi Technologies launches 26th worldwide emissions standards book
VIENNA, April 26, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a leading provider of advanced propulsion solutions to global vehicle manufacturers, today released its annual worldwide vehicle and motorcycle emissions standards reference booklet at the 2018 International Vienna Motor Symposium. For more than a quarter of a century, Delphi Technologies has been tracking and compiling… Continue reading Delphi Technologies launches 26th worldwide emissions standards book
Updating the Automotive Future: ZF joins eSync Alliance
As vehicles are being prepared for the digitalized future, outfitted with sophisticated, automated features with autonomous functions looming on the horizon, up-to-date software is crucial in ensuring road safety, cybersecurity and efficiency. However, returning vehicles to a manufacturer’s dealership or a repair shop to install the newest software is cumbersome and costly, especially for fleet… Continue reading Updating the Automotive Future: ZF joins eSync Alliance
Innoviz inks deal putting its solid-state lidar in BMW autonomous cars
In a recent press release, automotive supplier Magna and its partner Innoviz announced a deal to supply the BMW Group with solid-state lidar sensors for its upcoming autonomous vehicle production. The contract is one of the first in the industry for production of solid-state lidar at scale. We last heard from Innoviz in September of… Continue reading Innoviz inks deal putting its solid-state lidar in BMW autonomous cars
Visteon Announces First-Quarter 2018 Results
View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results
Continental Expands Automated Driving Tests on the Autobahn
The technology company Continental is expanding its global test drives for highly and fully automated driving – in Lower Saxony as well. The focus of development remains the production readiness of highly automated driving Tests on the autobahn are rounded off with system tests in an urban setting Hanover, April 26, 2018. The technology company… Continue reading Continental Expands Automated Driving Tests on the Autobahn
BMW is working with LiDAR company Innoviz to make self-driving cars
BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from startup Innoviz to enable its Level 3 – 5 autonomous vehicles to “see” their surroundings. For clarity, level 3 involves highly-automated driving, level four… Continue reading BMW is working with LiDAR company Innoviz to make self-driving cars
Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018. Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook