Ford Europe “Reset” has introduced a new strategy to increase profitability and secure the future of the automaker. From all vehicles in all divisions and electrical versions are offered and low-margin vehicle types are set. That costs many jobs. January 14, 2019, 9:30 am, Andreas Donath Ford Europe restructures. (Picture: Pexels /CC0 1.0) In addition… Continue reading Car: Ford wants to electrify every vehicle line in Europe
Tag: Tier 1 Suppliers
Auto parts supplier: “The party is over” – Continental management expects falling margins
Continental AG Automotive supplier Continental expects shrinking margins. (Photo: AP) DüsseldorfWith extreme caution, the auto parts supplier Continental into the just started year. Because of the worldwide Slowdown in car sales The Hanover-based company now calculates a further decline in operating return on sales (EBIT margin, adjusted). In 2019, the yield is expected to be… Continue reading Auto parts supplier: “The party is over” – Continental management expects falling margins
Outlook on Sales and Adjusted-EBIT Margin for Fiscal 2019
Continental AG has decided to publish its expectations for business development in a fiscal year in terms of ranges, in accordance with industry custom. The increasingly volatile market conditions and profound technological changes in the automotive industry make it ever more difficult to precisely forecast the business development over a one-year period. Based on current… Continue reading Outlook on Sales and Adjusted-EBIT Margin for Fiscal 2019
Continental Achieves Annual Targets
Stable operating performance in fourth quarter as expected Annual sales rise to around €44.4 billion (organic growth at about 3 percent) Adjusted EBIT for the year: around €4.1 billion (margin at about 9.2 percent) Free cash flow was higher than expected at about €1.8 billion 2019 outlook: Consolidated sales of about €45 to €47 billion at… Continue reading Continental Achieves Annual Targets
Auto parts supplier: Continental expects falling margins
Continental AG Automotive supplier Continental expects shrinking margins. (Photo: AP) MunichThe auto supplier Continental is preparing for increased pressure on its margins in the new year. The company from Hanover expects only an adjusted return on earnings before interest and taxes (EBIT margin) of between eight and nine percent for 2019, such as Conti announced… Continue reading Auto parts supplier: Continental expects falling margins
Food deliveries: Meituan with Nvidia, Valeo and Icona
The Chinese company Meituan wants to automate its food deliveries and relies on industry sizes. Delivering foods with autonomous vehicles is becoming increasingly strong trend, Now there is another player in this market that operates in China: Meituan. The Chinese company cooperates with the companies for this Nvidia, Valeo and Icona, as seen on the… Continue reading Food deliveries: Meituan with Nvidia, Valeo and Icona
Great Wall Motors is thinking about using Mobileye solutions
The Chinese manufacturer Great Wall Motors is considering equipping vehicles up to Level 2 with the technology of Mobileye. Great Wall Motors from China is considering cooperation with the Intel belonging company Mobileye. Mobileye Introduces Technologies for Autonomous Driving. Mobileye technology in buses. Source: Intel Their technology is intended for vehicles up to Level 2… Continue reading Great Wall Motors is thinking about using Mobileye solutions
BYTON Unveils a Closer Look at the M-Byte SUV Production Model at 2019 CES Las Vegas – PRNewswire
“BYTON’s M-Byte represents the transformation of the traditional car into a next-generation smart device for every user,” said Dr. Carsten Breitfeld, CEO and Co-founder of BYTON. “We achieve this through the combination our state-of-the-art EV platform and our proprietary BYTON Life digital ecosystem.” A Digital Cockpit That Improves The Driver ExperienceBYTON’s Shared Experience Display (SED)… Continue reading BYTON Unveils a Closer Look at the M-Byte SUV Production Model at 2019 CES Las Vegas – PRNewswire
That’s No Mirage: NVIDIA and Partners Make Self-Driving Dreams a Reality in Las Vegas Desert
Road-ready advanced autopilot systems, intelligent cockpits and highly accurate map localization platforms wowed the crowds this week at CES in Las Vegas. At the core of each of these cutting-edge technologies is the high-performance, energy-efficient compute of NVIDIA DRIVE. To kick off the show, ZF and Continental announced premium, Level 2+ automated driving systems using… Continue reading That’s No Mirage: NVIDIA and Partners Make Self-Driving Dreams a Reality in Las Vegas Desert
Avis to Equip 50K Vehicles with Connected Car Tech
Connected vehicles empower Avis customers to manage their entire rental experience through the recently updated Avis mobile app. Photo via iStockPhoto/Karneg. Avis Budget Group and Continental announced an expanded partnership, which will see Avis boost its fleet of connected cars in Europe and the U.S. by equipping 50,000 vehicles with Continental’s enhanced Key as a Service (KaaS)… Continue reading Avis to Equip 50K Vehicles with Connected Car Tech