SEOUL, May 29 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, has emerged as a key supplier of General Motors Co. after it secured a US$1.1 billion deal to provide auto parts for eight years, the company announced Tuesday. The Detroit-based carmaker recently picked Hyundai Mobis as one of its… Continue reading Hyundai Mobis emerges as key GM supplier with $1.1 bln deal
Tag: Tier 1 Suppliers
The well-funded startups driven to own the autonomous vehicle stack
At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous… Continue reading The well-funded startups driven to own the autonomous vehicle stack
UPDATE 1-Germany grills Daimler boss over extent of Vito van emissions fix
BERLIN/FRANKFURT (Reuters) – Germany’s Transport Ministry quizzed Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Monday over how many Mercedes-Benz vans and cars need to be fixed after a regulator said it had found illegal software in one of its models. FILE PHOTO: Daimler CEO Dieter Zetsche speaks during a world premiere for the new Mercedes… Continue reading UPDATE 1-Germany grills Daimler boss over extent of Vito van emissions fix
Bosch opens a new plant for infotainment systems in China
Bosch says it will continue to expand its presence in China and has opened a new plant for infotainment systems in the eastern Chinese city of Wuhu. Bosch sees good long-term opportunities in the region, especially in the Chinese market. New plant drives connected mobility in ChinaOn a surface area of 18,000sqm, infotainment systems, instrument… Continue reading Bosch opens a new plant for infotainment systems in China
SecForCARs led by infineon to develop new approaches on IT security in self-driving cars
With the growing need to protect the cars against cyber attacks, 15 partners from industry and academia will work together over the next three years on new approaches to IT security in self-driving cars which is led by Infineon. The joint project goes by the name Security For Connected, Autonomous Cars (SecForCARs) and has funding… Continue reading SecForCARs led by infineon to develop new approaches on IT security in self-driving cars
Valeo lifts the veil on its low-cost hybrid
The Vivatech exhibition served as an exhibition space for the new product of the Valeo range. This is the realization of the concept of hybridization with a battery of 48 volts. The VE enters the era of low-cost. On the occasion of Viva Technology, which is being held in Paris from May 24th to May… Continue reading Valeo lifts the veil on its low-cost hybrid
Autoliv Board approves completion of spin-off
Thu, May 24, 2018 17:00 CET – Board of directors approves completion of spin-off and sets record date – New board members of Veoneer – Details on share distribution and first day of trading – Bridge financing – Details on second quarter reporting (Stockholm, Sweden, May 24, 2018) – Autoliv, Inc. (NYSE: ALV… Continue reading Autoliv Board approves completion of spin-off
Rivian Automotive Closes Financing Round of $200 Million
author: Eric Walz Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million
In Rennes, a fully modernized plant for the Citroën C5 Aircross
In Rennes La Janais, in the aisles of the PSA plant, we say thank you to the C5 Aircross. The “C84”, as Citroën’s new vehicle is called internally, made it possible to ensure the durability of a site born in the 1960s but whose future seemed rather gloomy before 2015. “It is now the the… Continue reading In Rennes, a fully modernized plant for the Citroën C5 Aircross
Car imports probe gives GM, Ford shares tiny lift
(Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. Washington said on Wednesday it will open a so-called Section… Continue reading Car imports probe gives GM, Ford shares tiny lift