FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn accompanied by his wife Carole Ghosn, arrives at his place of residence in Tokyo, Japan, March 8, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd boss Carlos Ghosn on an additional charge of aggravated breach of trust as… Continue reading Carlos Ghosn to be indicted on additional charge: NHK
Tag: Tier 1 Suppliers
Press: ZF and Foton Open Joint Transmission Plant in China, Advancing Automation for Commercial Vehicles
The joint venture, known as ZF Foton HCV Automated Transmissions (Jiaxing) Co., Ltd., in which ZF holds a 51% share, is focused on heavy commercial vehicles. The main objectives of this enterprise are the production and marketing in China of ZF’s automatic commercial vehicle transmission system, TraXon. The system will be integrated into commercial vehicles… Continue reading Press: ZF and Foton Open Joint Transmission Plant in China, Advancing Automation for Commercial Vehicles
Toyota, DENSO and SoftBank Vision Fund to Invest $1 Billion in Uber’s Advanced Technologies Group
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Uber sets $7.3bn valuation on self-driving car unit
Figure comes on $1bn investment from Toyota, SoftBank fund and Denso investment Go to Source
UPDATE 1-Uber’s self-driving unit valued at $7.25 bln in new investment
SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September… Continue reading UPDATE 1-Uber’s self-driving unit valued at $7.25 bln in new investment
ZF-Foton JV in China begins making auto transmissions for CVs
ZF-Foton JV in China begins making auto transmissions for CVs
Robert Bosch Venture Capital invests in Zapata Computing
About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital invests in Zapata Computing
Lear Corporation Completes Acquisition of Xevo, a Leader in Connected Car Software and Data-Driven User Experiences
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Dutch chipmaker NXP makes strategic investment in China’s Hawkeye
April 17, 2019 NASDAQ-listed NXP Semiconductors, a Netherland-based producer of automotive radar sensors, has made a strategic investment in China’s Hawkeye Technology to advance its radar technology for cars, according to an announcement. Financial details of the transaction were not disclosed. With the strategic tie up, NXP and Hawkeye will now work together to create… Continue reading Dutch chipmaker NXP makes strategic investment in China’s Hawkeye
Aptiv takes its self-driving car ambitions (and tech) to China
Aptiv, the U.S. auto supplier and self-driving software company, is opening an autonomous mobility center in Shanghai to focus on the development and eventual deployment of its technology on public roads. The expansion marks the fifth market where Aptiv has set up R&D, testing or operational facilities. Aptiv has autonomous driving operations in Boston, Las… Continue reading Aptiv takes its self-driving car ambitions (and tech) to China