Tag: Tier 1 Suppliers

Israel’s Innoviz to provide Samsung unit with sensor tech for self-driving cars – The Times of Israel

Israel’s Innoviz Technologies, a maker of sensors for self-driving cars, and Harman International Industries Ltd. a wholly-owned subsidiary of Samsung Electronics Co. Ltd., said they have set up a partnership to sell Innoviz’s solutions to car manufacturers globally. Harman, a developer of connected technologies for the automotive, consumer and enterprise markets, will use the LiDAR… Continue reading Israel’s Innoviz to provide Samsung unit with sensor tech for self-driving cars – The Times of Israel

Linamar Announces TSX Approval of Normal Course Issuer Bid

GUELPH, ON , Jan. 25, 2019 /CNW/ – Linamar Corporation (“Linamar” or the “Company”) (LNR.TO) today announced the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to commence a Normal Course Issuer Bid (the “Bid”). “We are initiating this NCIB in recognition of what we believe is a significant level of… Continue reading Linamar Announces TSX Approval of Normal Course Issuer Bid

MEDC Leader Details Michigan’s Road to the Waymo AV Factory Deal

This week, Michigan’s economic development office notched a win when it announced that Waymo, Google’s mobility arm, had chosen the Great Lakes State as the location for a new manufacturing operation. According to a press release from the Michigan Economic Development Corporation (MEDC), Waymo will invest $13.6 million in a factory that will integrate Waymo’s… Continue reading MEDC Leader Details Michigan’s Road to the Waymo AV Factory Deal

Volkswagen bundles battery activities: Ex-ZF boss Sommer is getting ready for his VW empire

DPA Production of diesel engines at the Volkswagen engine plant in Salzgitter He can rebuild and remodel: his departure at the automotive supplier ZF in December 2017 Stefan Sommer put away without major career injuries. Since September, the 56-year-old manager acts as top buyer of the Volkswagen Group, he heads the procurement and component department.… Continue reading Volkswagen bundles battery activities: Ex-ZF boss Sommer is getting ready for his VW empire

Lear Reports Fourth Quarter and Full Year 2018 Results

SOUTHFIELD, Mich., Jan. 25, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical and electronic systems, today reported results for the fourth quarter and full year 2018.  Highlights include: Fourth Quarter 2018 Sales of $4.9 billion, compared to $5.4 billion in the fourth quarter 2017 Net income of… Continue reading Lear Reports Fourth Quarter and Full Year 2018 Results

Self-contained tracking camera from Intel targets robots and autonomous devices

New from the Intel RealSense line of products is the T265 standalone tracking camera, which uses proprietary visual inertial odometry simultaneous localization and mapping (V-SLAM) technology with computing at the edge for accurate and low-latency tracking for applications such as robotics, drones, augmented reality (AR), and virtual reality. [Native Advertisement] Intel’s RealSense Tracking Camera T265… Continue reading Self-contained tracking camera from Intel targets robots and autonomous devices

Delphi Technologies announces $200 million share repurchase program and suspends quarterly dividend

“ LONDON, Jan. 24, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion systems, today announced that its Board of Directors has approved a $200 million share repurchase program and the suspension of its quarterly dividend. “Given Delphi Technologies’ current share price and our confidence in new Chief Executive Officer, Rick Dauch,… Continue reading Delphi Technologies announces $200 million share repurchase program and suspends quarterly dividend

Bosch to assume full control of electric motor manufacturer EM-motive

Mobility Solutions is the largest Bosch Group business sector. In 2017, its 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, and combines the… Continue reading Bosch to assume full control of electric motor manufacturer EM-motive

Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of the Mobility Solutions business sector, on electromobility at Bosch

Mobility Solutions is the largest Bosch Group business sector. In 2017, its 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, and combines the… Continue reading Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of the Mobility Solutions business sector, on electromobility at Bosch