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Tag: Autonomous
Magna Posts Record Sales As CEO Bemoans Tariffs
View photos Canadian auto and truck parts maker Magna International (NYSE: MGA) reported a better than expected profit on Friday, February 22, but its CEO noted that the Trump administration’s tariffs were hurting the company’s U.S. plants. Magna generated a $456 million profit in the fourth quarter of 2018, an 18 percent decline compared to… Continue reading Magna Posts Record Sales As CEO Bemoans Tariffs
Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Fourth Quarter 2018 HighlightsRecord fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017Cash from operations of $1.6 billionReturned $585 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 11% to $0.365 per shareFull Year 2018 HighlightsRecord sales of $40.8 billion, up 12% from 2017Record diluted earnings per… Continue reading Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Introducing an Open Standard for Autonomous Vehicle Visualizations
Introducing an Open Standard for Autonomous Vehicle Visualizations UberATGBlockedUnblockFollowFollowing Feb 22 By: Xiaoji Chen, Joseph Lisee, Tim Wojtaszek, and Abhishek Gupta Understanding what autonomous vehicles perceive as they navigate urban environments is essential to developing safe and reliable autonomous systems. Just as we have standards for street signs and traffic infrastructure to help human drivers,… Continue reading Introducing an Open Standard for Autonomous Vehicle Visualizations
BMW and Daimler put one billion into mobility services
Always rivals, BMW and Daimler seal their alliance in transport on demand and car-sharing. The two German manufacturers officially launched Friday in Berlin a joint venture which brings together their mobility services in order to compete with groups like Didi Lyft or Uber. “We were always talking more and finding out that we could combine… Continue reading BMW and Daimler put one billion into mobility services
BMW and Daimler invest €1bn in tech venture
BMW and Daimler have unveiled a joint venture to invest in new-generation services such as driverless vehicles, ride-hailing and parking services. The German firms are investing €1bn (£880m) in the project, which will also look into pay-per-use car schemes. The move comes as traditional manufacturers face competition from mobility services provided by Uber and other… Continue reading BMW and Daimler invest €1bn in tech venture
Press Releases – New vehicle safety rules: auto industry reacts to European Parliament vote
Brussels, 22 February 2019 – The European Automobile Manufacturers’ Association (ACEA) takes note of the European Parliament’s vote on the revision of the General Safety Regulation, which mandates the safety technologies to be included as standard in new vehicle types. Yesterday’s vote by the lead Internal Market and Consumer Protection (IMCO) Committee marks an important… Continue reading Press Releases – New vehicle safety rules: auto industry reacts to European Parliament vote
ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket
“Increasing technology and purchasing power driven by online sales mean that the global customer expects its demands to be met 24/7. Anything less is no longer acceptable and you will lose business. If the customer doesn’t get what they want, when they want it, in the right way and at the right price – they… Continue reading ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket
UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber
Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, shake hands at a news conference to present plans for combining the companies’ car-sharing businesses, in Berlin, Germany, February 22, 2019. REUTERS/Axel Schmidt BERLIN (Reuters) – German carmakers Daimler and BMW unveiled a joint ride-hailing,… Continue reading UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber
BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider
BERLIN, Feb. 22, 2019 /PRNewswire/ — Game-changing new player to enter growing market for urban mobility Vision: all-electric, autonomous, on-demand mobility Five joint ventures to be established: REACH NOW, CHARGE NOW, FREE NOW, PARK NOW, and SHARE NOW Services already have roughly 60 million customers worldwide Plans to create up to 1,000 new jobs worldwide… Continue reading BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider