Tag: Tier 1 Suppliers

@FCA: Logo to Express the Spirit of Stellantis

A Logo to Express the Spirit of Stellantis IMPORTANT NOTICEBy reading the following communication, you agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to… Continue reading @FCA: Logo to Express the Spirit of Stellantis

Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation

Pony.ai, the Chinese autonomous vehicle startup and relative newcomer to the industry, is now valued at $5.3 billion following a fresh injection of $267 million in funding. The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that… Continue reading Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation

Indonesia aims to grab EV supply chain with CATL and Hyundai

JAKARTA — Indonesia is inching toward building an industry to supply nickel for batteries and electric vehicles. The government last month acquired a major stake in a nickel miner, following basic agreements with top South Korean and Chinese battery makers for domestic joint ventures totaling $12 billion. It is also looking to eventually become a regional hub for manufacturing electric… Continue reading Indonesia aims to grab EV supply chain with CATL and Hyundai

Magna Announces Third Quarter 2020 Results

Sales of $9.1 billion decreased 2%, compared to 4% lower global light vehicle productionRecorded non-cash impairment charges of $200 million after income taxes and loss attributable to non-controlling interests related to our investment in an equity accounted transmissions joint ventureDiluted earnings per share of $1.35, compared to diluted loss per share of $0.75 in the… Continue reading Magna Announces Third Quarter 2020 Results

Bridgestone tyres OE on Ineos Grenadier – Tyrepress.com

Date: 6th November 2020 Author: Stephen Goodchild Comments: 0 Not déjà vu: The Grenadier’s lines are more than vaguely familiar When Ineos Automotive brings its Grenadier to market in early 2022, the Land Roveresque 4×4 will wear bespoke Bridgestone Dueler A/T 001 tyres as standard equipment. Bridgestone will supply two sizes of Dueler AT 001… Continue reading Bridgestone tyres OE on Ineos Grenadier – Tyrepress.com

Press release – Q3 2020 Sales

Financial Results | 27 Oct, 2020 | 5 min Third-quarter sales of 4.4 billion euros   Original equipment sales performance in line with the market   Full-year outperformance of around 5 percentage points confirmed   AAA rating from ESG rating agency MSCI   Financial objectives revised upward: EBITDA margin(1) representing more than 12% in the… Continue reading Press release – Q3 2020 Sales

Visteon develops cutting-edge digital cluster for 2021 Nissan Rogue

The Nissan Rogue has undergone a complete digital makeover for the 2021 model year with Visteon supplying the cutting-edge digital cluster technology as one of three high-tech in-car displays that launches the start of a new generation of vehicles. With a ground-up redesign, the SUV now comes in a boxier style – and Visteon sys… Continue reading Visteon develops cutting-edge digital cluster for 2021 Nissan Rogue

Wireless charging provider WiTricity raises $34 million in venture capital

Wireless power transfer specialist WiTricity has closed a $34-million investment round. Stage 1 Ventures led the round, and investors included Air Waves Wireless Electricity and Mitsubishi Corporation (Americas). The infusion of capital will enable WiTricity to continue its wireless power platform development and expand its intellectual property portfolio. WiTricity is actively engaged with key standards… Continue reading Wireless charging provider WiTricity raises $34 million in venture capital

Veoneer appoints Ray Pekar as Chief Financial Officer

STOCKHOLM, Nov. 4, 2020 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has announced the appointment of Ray Pekar as Chief Financial Officer, effective March 2021. He first joined Autoliv in 1996 and became Vice President Business Development and Investor Relations for Veoneer upon its spin-off from Autoliv in 2018.… Continue reading Veoneer appoints Ray Pekar as Chief Financial Officer