Consolidated sales of €10.3 billion (Q1 2020: €9.9 billion, +3.5 percent); organic growth of 8.6 percent Adjusted EBIT of €834 million (Q1 2020: €433 million, +92.5 percent) Adjusted EBIT margin of 8.1 percent (Q1 2020: 4.4 percent) Net income of €448 million, (Q1 2020: €292 million, up €156 million year-on-year) Free cash flow before acquisitions,… Continue reading First Quarter: Continental Achieves Good Result, Confirming its Course for the Future
Tag: Autonomous
Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
Lyft’s John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft got some analyst support on Wednesday after earnings with two top Wall Street analysts reiterating their bullish stances. CFRA’s Angelo Zino reiterated his “buy” rating and $75 price target citing improved pricing. Wedbush’s Dan Ives reiterated his “overweight” rating and $85… Continue reading Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
GM CEO Mary Barra wants to sell personal autonomous vehicles using Cruise’s self-driving tech by 2030
GM CEO Mary Barra sees the automaker selling personal autonomous vehicles by the end of the decade by leveraging technology from its self-driving subsidiary Cruise, according to comments made during the company’s Wednesday earnings call. Barra wasn’t providing any specifics just yet, but instead laid out a vision for the automaker’s future and how its… Continue reading GM CEO Mary Barra wants to sell personal autonomous vehicles using Cruise’s self-driving tech by 2030
@VW Group: Press shop expansion: Volkswagen reduces the number of truck journeys to Zwickau e-location by 9,000003006
Volkswagen officially inaugurated the press shop expansion in its electric car plant in Zwickau. As of now, the complete outer skin for the six electric models produced in Zwickau will be pressed on site. The €74 million investment will enable further gains to be made in reducing the carbon footprint of the ID.3 and ID.4.… Continue reading @VW Group: Press shop expansion: Volkswagen reduces the number of truck journeys to Zwickau e-location by 9,000003006
Registrations of passenger cars with alternative propulsion to gasoline and diesel grew in April with a market share of more than 30%
May 5, 2021 Posted by: Jorge Platero Category: Faconauto News Alternative powertrains have accounted for 23,907 units sold in April 2021 compared to 474 in 2020 and 11,515 in 2019. The path to the decarbonisation of mobility continues. With the beginning of Moves III, a significant boost to electric mobility was expected. It seems that… Continue reading Registrations of passenger cars with alternative propulsion to gasoline and diesel grew in April with a market share of more than 30%
Lucid Motors taps Waymo, Intel veterans ahead of public listing
Lucid Motors is beefing up its executive and technical leadership team, hiring people from Waymo, Intel and Xperi as it prepares to become a publicly listed company. The automaker said Wednesday that Sherry House, who formerly worked at Waymo, will be its new chief financial officer. House was at Waymo for four years, most recently… Continue reading Lucid Motors taps Waymo, Intel veterans ahead of public listing
Argo’s new lidar sensor could help Ford, VW deploy self-driving vehicles at scale
Four years ago, Argo AI made its first acquisition as a young, newly backed self-driving vehicle startup. Now, Argo says its acquisition of lidar company Princeton Lightwave is paying off and is poised to help it deliver autonomous vehicles that can operate commercially on highways and in dense urban areas starting next year. Argo AI… Continue reading Argo’s new lidar sensor could help Ford, VW deploy self-driving vehicles at scale
Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the… Continue reading Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
Visteon Publishes Corporate Sustainability Report Highlighting Technology, People and Community
Wireless battery management technology supports EV market growth No lost-time injuries at more than two dozen manufacturing and technical centers Momentum leadership development program cultivating a pipeline of impactful female leaders Automotive electronics degree-based program creating new generation of technical talent in Bulgaria VAN BUREN TOWNSHIP, Mich., May 04, 2021 (GLOBE NEWSWIRE) — Visteon Corporation… Continue reading Visteon Publishes Corporate Sustainability Report Highlighting Technology, People and Community
CF Finance Acquisition Corp. III and AEye Amend Merger Agreement; AEye Prepares to List on NASDAQ under Ticker Symbol “LIDR”
New York, NY and Dublin, CA – May 3, 2021 – CF Finance Acquisition Corp. III (Nasdaq: CFAC) (“CF III”), a special purpose acquisition company sponsored by Cantor Fitzgerald, and AEye, Inc. (“AEye”), the global leader in active, next generation LiDAR solutions, today announced that due to recent valuation changes of publicly traded lidar companies… Continue reading CF Finance Acquisition Corp. III and AEye Amend Merger Agreement; AEye Prepares to List on NASDAQ under Ticker Symbol “LIDR”