Greenfield investment starts in third quarter 2018, production planned from third quarter 2020 Expansion of production footprint for the growing demand for automotive electronics Sensors and transmission control units will be produced in Debrecen 450 new jobs and investment in total of €100 million Debrecen (Hungary), 22. February 2018. The technology company Continental announced the… Continue reading Continental plans new Hungarian plant in Debrecen
Tag: Tier 1 Suppliers
Eliminating range anxiety: New services are making electromobility fit for everyday use
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, its 2017 sales came to 47.4 billion euros, or 61 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free, emissions-free, and stress-free,… Continue reading Eliminating range anxiety: New services are making electromobility fit for everyday use
From vision to business: Connected driving is becoming a growth area
Presentation by Dr. Volkmar Denner,chairman of the board of management ofRobert Bosch GmbH,at the Bosch ConnectedWorld press briefingon February 21, 2018, in Berlin. Check against delivery. Ladies and gentlemen: Connectivity is the future, and the future of mobility in particular. By that I mean not just modernizing the road and rail networks, but connecting all… Continue reading From vision to business: Connected driving is becoming a growth area
Entering the ridesharing business
Berlin and Stuttgart, Germany – Bosch is entering the ridesharing business. The supplier of technology and services has acquired Splitting Fares Inc. (SPLT), a U.S. start-up based in Detroit. SPLT operates a platform that allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The B2B approach is designed especially for commuters. SPLT… Continue reading Entering the ridesharing business
DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
KARIYA, Japan, Feb. 21, 2018 /PRNewswire/ — DENSO, one of the world’s largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California. Dellfer is a young startup focusing on cybersecurity solutions against “zero day” attacks within connected networks such as deployed IoT devices, and in… Continue reading DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
The European Commission’s Announcement Concerning the EU Competition Law related to Certain Automotive Components
KARIYA (Japan) — On February 21, 2018 (Central European Time), the European Commission (the Commission) announced that it has imposed fines on certain automotive suppliers that infringed EU competition law in connection with past sales of automotive spark plugs. The Commission has investigated certain automotive suppliers including DENSO Corporation in this matter, and DENSO has… Continue reading The European Commission’s Announcement Concerning the EU Competition Law related to Certain Automotive Components
Delphi Technologies reports fourth quarter and full year 2017 financial results
LONDON, Feb. 21, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion, today reported fourth quarter 2017 U.S. GAAP earnings of $0.63 per diluted share. Excluding special items, fourth quarter earnings totaled $1.24 per diluted share. The Company also reported revenue of $1.3 billion for the quarter and $4.8 billion for… Continue reading Delphi Technologies reports fourth quarter and full year 2017 financial results
Bosch buys U.S. start-up to expand connected-drive ops
BERLIN, Feb 21 (Reuters) – Germany’s Robert Bosch said it has acquired a carpooling start-up in the United States and created a new digital unit to further its expansion into data-based mobility services. Privately-held Bosch has purchased Detroit-based Splitting Fares Inc (SPLT), which offers carpooling services to about 140,000 users in the United States, Mexico… Continue reading Bosch buys U.S. start-up to expand connected-drive ops
Bosch starts new division, acquires U.S. carpooling start-up
Feb 21 (Reuters) – Germany’s Robert Bosch on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift. The carpooling start-up Splitting Fares Inc, whose app connects people who share the same route… Continue reading Bosch starts new division, acquires U.S. carpooling start-up
Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm
Bosch has acquired a ridesharing startup called SPLT that offered employers, universities and municipal authorities workforce-focused ridesharing services to help them offer shared commute as a means of increasing convenience and alleviating route congestion. Bosch, a leading global automotive industry supplier, is also establishing a new dedicated mobility services division, a sign of the changing… Continue reading Bosch acquires B2B rideshare startup SPLT and establishes mobility service arm