February 5, 2018 WealthNavi, provider of Japan’s biggest financial robo-adviser service, has raised fresh funds from Mirai Creation Investment Limited Partnership (Mirai Creation Fund) to further develop and improve its robo-adviser and asset management application. In a disclosure to the JASDAQ Securities Exchange on Monday, Sparx Group Co, operator and co-founder of Mirai Creation Fund,… Continue reading Japan: Mirai Creation Fund invests in financial robo-adviser WealthNavi
Tag: Tier 1 Suppliers
Groupe PSA: Appointment of Laurence Noël as Senior Vice President, ASEAN and Chief Executive Officer of the NAM Joint Venture in Malaysia
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): Laurence Noël has been appointed Senior Vice President, ASEAN and Chief Executive Officer of the NAM joint venture in Malaysia, effective 12 April 2018. She will report to Carlos Gomes, Executive Vice President, China & Southeast Asia. Laurence Noël joined Groupe PSA in 1995. After holding various positions in Powertrain Projects… Continue reading Groupe PSA: Appointment of Laurence Noël as Senior Vice President, ASEAN and Chief Executive Officer of the NAM Joint Venture in Malaysia
Thiel-Backed Autonomous Car Supplier Slashing Cost, Scaling Up
Luminar Technologies Inc., the self-driving sensor startup backed by billionaire Peter Thiel, is rolling out a cheaper-to-make version of its laser technology and ramping up production to supply the key component for autonomous vehicles. The startup released a new sensor platform Thursday that reduces the cost of its most expensive part from tens of thousands… Continue reading Thiel-Backed Autonomous Car Supplier Slashing Cost, Scaling Up
Sensoro Completes Multi-Million Dollar Series C Financing
Sensoro, a Seattle, WA-based Internet of Things technology service provider, completed a multi-million dollar Series C round of financing. Backers included Baidu Ventures, Northern Light Venture Capital, Robert Bosch Venture Capital and Chaos Investment, among other institutions. The company intends to use the funds to continue developing IoT technology, accelerate the global expansion of its… Continue reading Sensoro Completes Multi-Million Dollar Series C Financing
Continental Unveils New Assistance Concepts for Early Risk Detection of Aquaplaning Situations
Continental is developing new concepts designed to warn drivers about an imminent risk of aquaplaning Aquaplaning assistance concepts utilize surround view camera images and signals from tire-mounted sensors (eTIS) for advanced tire information The holistic concept can give the driver time to prevent the front wheels of the vehicle from floating, while warning other vehicles… Continue reading Continental Unveils New Assistance Concepts for Early Risk Detection of Aquaplaning Situations
Docomo and Valeo partner for the connected car
The two companies will launch the initiative to develop and deploy services from April 13th. Docomo works for the wide usage and promotion of the Internet of Things (IoT) in the automotive domain, among others, through the 5G mobile communication network planned for commercial use in 2020 and mobile networks such as IoT. Valeo is… Continue reading Docomo and Valeo partner for the connected car
Groupe PSA Launches Its Multi-Brand Offensive in Russia
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: PSA’s (Paris:UG) multi-brand aftermarket offensive is a key component of its Push to Pass strategic plan announced in 2016. Its purpose is to expand the Group’s customer base to include all after-sales customers around the world, regardless of their budget or their vehicle’s make or age. In Russia, the first step… Continue reading Groupe PSA Launches Its Multi-Brand Offensive in Russia
Hyundai Mobis launches design center to enhance competitiveness of auto parts
SEOUL, April 12 (Yonhap) — Hyundai Mobis Co. said Thursday it has built a design research center to strengthen its overall competitiveness and help it make car parts that best fit its vehicles. The design center of the company, which is an affiliate of Hyundai Motor Group, is the first of its kind set up… Continue reading Hyundai Mobis launches design center to enhance competitiveness of auto parts
Tenneco plans to buy Southfield-based Federal-Mogul
Tenneco has purchased Southfield-based auto parts company Federal-Mogul from Carl C. Icahn’s Icahn Enterprises. (Photo: Mark Lennihan / AP) Tenneco Inc. plans to purchase Southfield-based auto parts company Federal-Mogul LLC for $5.4 billion. Pending regulatory approval, the merged company would split into two separate companies by the end of 2019. Officials said Tuesday it was… Continue reading Tenneco plans to buy Southfield-based Federal-Mogul
ZF Invests in Expanding its Electromobility Production Capacity
“The demand for our electric motors and all-electric drives develops dynamically,” said Michael Hankel, member of the Management Board of ZF Friedrichshafen AG and responsible for Production and Electromobility. “Since vehicles with hybrid and all-electric drives are set to become more established in the future, we are adapting our worldwide production network to cope with… Continue reading ZF Invests in Expanding its Electromobility Production Capacity