BEIJING — Global information technology leader Apple is highly likely to break into the automobile sector. The American company is reportedly planning to create self-driving electric vehicles manufactured by an automaker under a tie-up agreement using a business model similar to its iPhone production. A potential Apple Car, if realized, is thought certain to affect the competitive landscape of the… Continue reading Apple Car expected to shake up auto industry in Asia and world
Tag: Magna
Sony reveals more details on its secretive Vision-S sedan
Sony’s Vision-S prototype sedan, one of the biggest surprises at CES last year, didn’t fade away after the tech trade show ended. The Vision-S is back in a series of new videos released by Sony during 2021 CES, which kicked off Monday. Two videos show the Vision-S prototype driving on a private track and then… Continue reading Sony reveals more details on its secretive Vision-S sedan
Magna CEO on what’s next for the auto industry
Magna’s new CEO Swamy Kotagiri on what’s next for him and the auto industry. Video Transcript ADAM SHAPIRO: Swamy Kotagiri is joining us right now. And there’s a lot going on in the US automotive industry. But your company, it’s more than just parts. It’s the technological expertise, and the software, and the different kinds… Continue reading Magna CEO on what’s next for the auto industry
Fisker plots “radical” electric pick-up to take on Tesla Cybertruck
Fisker CEO Henrik Fisker posted the above render on Twitter. Fisker has revealed that it is considering a “radical” pick-up bodystyle for its next production vehicle, following the 2022 Ocean electric SUV – and has previewed how it could look. Sharing a render of the firm’s mooted second model on Twitter, Fisker CEO Henrik Fisker said the new electric… Continue reading Fisker plots “radical” electric pick-up to take on Tesla Cybertruck
Magna Expands With Fisker: Secures Full ADAS System Business
Complements EV platform sharing, vehicle engineering and manufacturing cooperationDelivers complete set of ADAS features and unique suite of software packagesIncludes first-to-market digital imaging radar technologyAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Magna today confirmed that it is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the… Continue reading Magna Expands With Fisker: Secures Full ADAS System Business
New Year Brings New CEO for Magna
21-year company veteran Swamy Kotagiri takes the helm at MagnaFormer Magna President and CTO blends strategic vision, leadership capabilities and technical expertiseAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Last October, Magna’s Board of Directors announced the appointment of Swamy Kotagiri as Magna’s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his… Continue reading New Year Brings New CEO for Magna
LG Electronics and Magna International to Set up $1 Billion Joint Venture to Make Electric Car Gears
LG Electronics and Magna International, a Canadian automotive parts manufacturer, have agreed to set up a joint venture that will make electric car gears. Magna International is a top six ranked automotive parts manufacturer in the world based on sales and possesses different autonomous driving technologies and platforms.According to Bloomberg on Wednesday, their joint venture… Continue reading LG Electronics and Magna International to Set up $1 Billion Joint Venture to Make Electric Car Gears
LG Electronics signs $1bn EV parts venture with Canada’s Magna
SEOUL (Financial Times) — LG Electronics will spin off part of its electric vehicle components business and set up a $1 billion joint venture with Canada’s Magna International — a deal that is aimed at capturing a bigger share of the fast-growing global EV parts market and which lifted its shares by nearly one-third. The South… Continue reading LG Electronics signs $1bn EV parts venture with Canada’s Magna
LG Electronics agrees $1bn EV parts joint venture with Canada’s Magna
Deal aimed at capturing bigger share of global market sends South Korean group’s shares up 30% Go to Source
Israel’s Innoviz goes public in $1.4 billion SPAC pact
Israel-based Innoviz Technologies, a leading player in high-performance, solid-state LiDAR sensors and perception software has entered into a definitive agreement to merge with Collective Growth Corporation in a transaction sponsored by Antara Capital and Perception Capital Partners. The transaction is supported by a $200 million (Rs 1,480 crore) fully committed common stock PIPE led by… Continue reading Israel’s Innoviz goes public in $1.4 billion SPAC pact