(Reuters) – Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO – An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren The news… Continue reading Auto parts maker Magna invests $200 million in Lyft
Tag: Tier 1 Suppliers
BREAKTHROUGH IN LIGHTWEIGHT BIOMATERIALS GAINS MOMENTUM
As Faurecia’s NAFILean™ lightweight hemp-based biomaterials are increasingly adopted by OEMs, the company has developed new figures showing the significant energy and environmental benefits of the innovative breakthrough. Not to mention a positive impact on agriculture. Following their initial registration with Peugeot PSA, the biomaterials are now being used in the car parts of six… Continue reading BREAKTHROUGH IN LIGHTWEIGHT BIOMATERIALS GAINS MOMENTUM
BorgWarner’s Latest Eco-Launch™ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles
AUBURN HILLS, Mich., March 13, 2018 /PRNewswire/ — BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, helps Ford deliver greater vehicle efficiency with its Eco-Launch™ stop/start solenoid valve and hydraulic accumulator. Engineered to deliver fast, smooth launches during engine restarts, the award-winning solution is available on the… Continue reading BorgWarner’s Latest Eco-Launch™ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles
SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY
Reinforcing our innovation ecosystem is one of our top 2018 priorities following the January launch of our new TechCenter in Silicon Valley. We’re excited to be at the heart of open collaboration that’s connecting the automotive industry to start-ups, universities and tech entrepreneurs to explore the car of the future. To highlight this, we opened… Continue reading SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY
UPDATE 3-Britain’s Melrose raises GKN bid to $11.2 bln in final offer
LONDON (Reuters) – Melrose Industries (MRON.L) increased its hostile offer for GKN (GKN.L) by around 10 percent to 8.1 billion pounds ($11.2 billion), trying to win over investors after the British engineering firm struck a rival deal of its own last week. GKN’s board unanimously rejected the new bid on Monday saying it continued to… Continue reading UPDATE 3-Britain’s Melrose raises GKN bid to $11.2 bln in final offer
Diesel: the solidarity of German manufacturers is cracking
Matthias Müller detonates more and more against other German champions: the leader of Volkswagen declared open last week to the introduction in Germany of a blue sticker, so far flatly rejected by the industry for which the This is tantamount to banning de facto millions of diesel vehicles from the most polluted cities in the… Continue reading Diesel: the solidarity of German manufacturers is cracking
Bosch Mahle Turbo Systems changes hands
Equipment suppliers By Christophe Jaussaud, the 12/03/2018 The JV between the two German equipment manufacturers, turbos specialist, is now owned by the Hong Kong fund FountainVest. It’s official, Bosch Mahle Turbo Systems is now part of the Hong Kong investment fund FountainVest. A buyback that has been approved by all authorities. A shareholder change that… Continue reading Bosch Mahle Turbo Systems changes hands
Geely, Autoliv & Zenuity for Level 3 Systems in China
The Chinese automaker Geely wants to purchase semi-autonomous systems for the Chinese market from Sweden. First, in this context, the company affiliation must be cleared up. Autoliv is a supplier from Sweden, especially for Volvo, Volvo belongs to Geely, which also recently Mercedes Benz and Volvo Trucks have entered. Volvo also has teamed with Autoliv… Continue reading Geely, Autoliv & Zenuity for Level 3 Systems in China
Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) and the Namibian government have signed an investment agreement facilitating the joint-venture agreement between Groupe PSA and Namibia Development Corporation (NDC) to assemble OPEL and PEUGEOT vehicles in Walvis Bay. Assembly will start in H2 2018 with an annual targeted volume of 5,000 units by 2020 to meet… Continue reading Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018
Supplier strike settled, production to resume at Fiat Chrysler's Windsor Assembly Plant
Buy Photo Workers have ended their strike at a supplier for the FCA Windsor Assembly Plant in Windsor, Ont. (Photo: Eric Seals, Detroit Free Press)Buy Photo A contract settlement has been reached with striking workers at an auto supplier in Canada that had halted production at Fiat Chrysler Automobiles’ Windsor Assembly Plant, which builds the Chrysler… Continue reading Supplier strike settled, production to resume at Fiat Chrysler's Windsor Assembly Plant