On the heels of Hyundai becoming the latest investor in Ola, today another key deal was revealed that underscores Hyundai’s ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. While companies like… Continue reading Yandex inks deal with Hyundai to build self-driving car tech for its Mobis OEM division
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How Nuro plans to spend Softbank’s money
Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A recent patent application details how its R1 self-driving vehicle could carry smaller robots to cross lawns or climb stairs to drop off packages. The company has even taken the step of trademarking the name “Fido”… Continue reading How Nuro plans to spend Softbank’s money
Velodyne’s Godfather Of Laser Sensors Hits $500 Million Milestone, Sets His Sights On Safer Self-Driving Cars – Forbes
Velodyne CEO and founder Dave Hall is finding new automotive applications for the laser lidar technology he developed more than a decade ago. Velodyne Spinning laser lidar sensors, invented by Velodyne’s David Hall more than a decade ago, helped kick off a race to create self-driving cars. As his company marks a sales milestone for… Continue reading Velodyne’s Godfather Of Laser Sensors Hits $500 Million Milestone, Sets His Sights On Safer Self-Driving Cars – Forbes
Schaeffler combines condition and torque monitoring in one single system
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Auto: the shift to electrical puts equipment manufacturers under pressure
By accelerating suddenly on the electric, Herbert Diess gives cold sweats to the equipment manufacturers. The boss of Volkswagen announced last week that the giant with twelve brands (Seat, Skoda, Audi, Porsche …) would focus on the electric at the expense of other technologies, forcing with him the whole branch to follow movement. And so… Continue reading Auto: the shift to electrical puts equipment manufacturers under pressure
U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
By Hyunjoo Jin and Ju-min Park SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Elliott’s loss in a series of closely watched votes… Continue reading U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Hyundai Mobis shareholders reject Elliott’s proposal to expand board
SEOUL, March 22 (Reuters) – Hyundai Mobis shareholders on Friday voted against Elliott Management’s proposal to expand the board to 11 directors from nine. The shareholders are set to vote on respective director nominees from the U.S. hedge fund and the management, after shareholders rejected Elliott’s dividend proposal earlier in the meeting. Reporting by Hyunjoo… Continue reading Hyundai Mobis shareholders reject Elliott’s proposal to expand board
VinFast tests its first 155 Lux cars abroad – http://en.vietnamplus.vn/
Hanoi (VNA) – The first batch of VinFast Lux cars have shipped to 14 countries in four continents for quality and safety tests. The testing process will last from now to August 2019, ensuring all VinFast products meet the high standards of Europe and the world before being sold on the market. A total of… Continue reading VinFast tests its first 155 Lux cars abroad – http://en.vietnamplus.vn/
Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Goodyear’s (GT) plan to cut jobs in Germany is likely to enhance the competitiveness of its manufacturing footprint and assist it in the production of large-rim-diameter premium tires.More The Goodyear Tire & Rubber Company GT plans to cut 1,100 jobs in Germany. This move is sync with its strategy to modernize its plant in Germany.… Continue reading Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Auto parts supplier: Four Schaeffler locations are on the verge
Schaeffler The automotive supplier checks its locations in Kaltennordheim (Thuringia), Hamm (Rhineland-Palatinate), Unna and Steinhagen (North Rhine-Westphalia). (Photo: AP) Herzogenaurach The automotive supplier Schaeffler puts four German locations with 600 employees to the test. This was announced by the company on Thursday. The works council and the IG metal announced resistance. Works council chairman Norbert… Continue reading Auto parts supplier: Four Schaeffler locations are on the verge