$787 million Q4 net sales; 5% Y/Y increase excluding currencyNet income of $18 million in Q4 or $0.64 per diluted shareAdjusted net income of $30 million in Q4 or $1.06 per diluted shareAdjusted EBITDA of $75 million, 9.5% of sales in Q4$1.4 billion in Q4 new business wins, including a battery management system award$151 million… Continue reading Visteon Announces 2020 Financial Results and 2021 Outlook
Tag: Autonomous
Recogni Raises $48.9M in Series B Funding
Recogni Inc., a San Jose, CA-based developer of an AI vision cognition system for autonomous vehicles, raised $48.9m in a Series B financing. The round was led by WRVI Capital with participation from new investors Mayfield Fund, Continental, and Robert Bosch Venture Capital and existing investors GreatPoint Ventures, Toyota AI Ventures, BMW i Ventures, Fluxunit –… Continue reading Recogni Raises $48.9M in Series B Funding
Parkopedia Launches Dedicated Japan Business
– Parkopedia announces the launch of its Japanese subsidiary, ‘Parkopedia Japan Limited’ based in Tokyo – Tomohiko Ishibashi has been named as Representative Commercial Director of Japan – Data collection services have now been brought in-house to deliver a heightened level of quality and accuracy for Japanese drivers – The new Parkopedia Japan business website… Continue reading Parkopedia Launches Dedicated Japan Business
Daimler’s Torc Robotics picks Amazon as cloud provider for self-driving trucks
By Nick Carey 3 Min Read (Reuters) – Daimler AG unit Torc Robotics said on Wednesday it has selected Amazon’s cloud computing division to handle huge amounts of data in real time as it prepares to test self-driving test trucks in New Mexico and Virginia. Slideshow ( 3 images ) Acquired by Daimler in 2019,… Continue reading Daimler’s Torc Robotics picks Amazon as cloud provider for self-driving trucks
Ford sells stake in Velodyne, a maker of autonomous-car sensors
Ford Motor Co. has sold off its stake in Velodyne Lidar Inc., a leading maker of sensors being used in the development of self-driving cars. Ford, which invested $75 million in Velodyne in 2016, no longer held any shares as of the end of last year, according to a regulatory filing. The automaker held almost… Continue reading Ford sells stake in Velodyne, a maker of autonomous-car sensors
REE Automotive to set up engineering centre at UK’s MIRA Technology Park
Israel-based REE Automotive, which recently announced its merger with 10X Capital Venture Acquisition to go public, has announced setting up of a new state-of-the-art Engineering Centre of Excellence in MIRA Technology Park in the UK. The new centre will expedite REE’s strategic plans to meet anticipated global demand for its REEcorner and electric vehicle (EV)… Continue reading REE Automotive to set up engineering centre at UK’s MIRA Technology Park
@VW Group: Intelligent, connected, Nardò.002427
“Test in three, two, one seconds,” says the voice from the radio. As soon as the countdown ends, a silver Porsche Cayenne immediately springs into action. But Mario Toledo, Test Engineer at Porsche Engineering, has neither his hands on the wheel nor his feet on the pedals. Instead, a driving robot is in command and… Continue reading @VW Group: Intelligent, connected, Nardò.002427
World NM: Goldman Sachs is creating an auto-tech joint venture amid a SPAC boom for EV and lidar companies: Report000858
Goldman Sachs is forming an investment-banking joint venture that will specialise in automotive technology, Bloomberg reported on Friday. Auto technology has provided plenty of dealmaking and underwriting opportunities for Wall Street banks in recent years, as there have been a number of high-profile acquisitions and public listings involving electric-vehicle, autonomous-vehicle, and ride-hailing companies. Goldman has… Continue reading World NM: Goldman Sachs is creating an auto-tech joint venture amid a SPAC boom for EV and lidar companies: Report000858
Waymo trucks in Texas
About David Fluhr I have been writing about autonomous & connected driving since 2011 and report on it on other sites such as the Smart Mobility Hub. I studied social sciences at the HU Berlin and have been a freelance journalist since 2012. Contact: mail@autonomes-fahren.de Go to source
‘Absolutely brilliant’: an auto-manufacturing expert praised Tesla’s latest self-driving software after a test ride (TSLA)
Auto-manufacturing expert Sandy Munro praised Tesla’s latest self-driving tech after a test ride. During an interview with Elon Musk, Munro said the system should hit the market as soon as possible. Tesla released a beta of its “full self-driving” mode, which doesn’t yet make cars autonomous, last year. Visit the Business section of Insider for more… Continue reading ‘Absolutely brilliant’: an auto-manufacturing expert praised Tesla’s latest self-driving software after a test ride (TSLA)