Eleven years after its acquisition of Siemens VDO for more than 11 billion euros, the German Continental is preparing to partially cede these activities. With 40,000 employees for a turnover The transmission division (Powertrain) is expected to be listed on the stock market from mid-2019 as part of a major reorganization, the second-largest German automotive… Continue reading Big bang at the German Continental
Tag: Autonomous
Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018
Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018 Volvo Cars today reported its highest ever quarterly operating profit of SEK4.2 billion for the second quarter of 2018, an increase of 28.6 per cent compared with the same period last year driven by a strong increase in global… Continue reading Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018
Aston Martin ‘sports car for the skies’
Luxury carmaker Aston Martin has unveiled plans for a personal aircraft dubbed a “sports car for the skies”. The company has teamed up with jet engine maker Rolls-Royce and engineering boffins at Cranfield University on the futuristic project. A concept aircraft was unveiled at the Farnborough Airshow, but the consortium hopes to have a flying… Continue reading Aston Martin ‘sports car for the skies’
Apple continues to ramp up testing of its self-driving car technology in California
Apple is continuing to expand its testing of autonomous vehicles. According to new details from macReports, the company now has upwards of 65 autonomous vehicles on the road in California, continuing the gradual increase that has been taking place over recent months… Sylvania HomeKit Light Strip This information comes from records filed with the California… Continue reading Apple continues to ramp up testing of its self-driving car technology in California
Uber hires first chief privacy officer
Uber has hired its first chief privacy officer, as well as a former TomTom executive in charge, ensuring the ride-hailing company complies with the EU’s data protection laws. The new hires, which were announced to Uber employees in an internal email, aim to help the company strengthen its privacy standards and data protections. Ruby Zefo,… Continue reading Uber hires first chief privacy officer
ZF: automation is “difficult to depreciate on a particular vehicle”
According to ZF, automation systems will have more interest in commercial vehicles and trucks. A strategic position deciphered by Thierry Metais, vice-president of the ZF group in charge of sales and development but also managing director of ZF France, At the end of June 2018, ZF presented its strategic shift for the autonomous vehicle, during… Continue reading ZF: automation is “difficult to depreciate on a
particular vehicle”
UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO
FRANKFURT (Reuters) – German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies. FILE PHOTO: Flags of German tyre company Continental are seen before the annual news… Continue reading UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO
Coast Autonomous’ self-driving shuttles are boring, and that’s by design
Between 47th and 48th streets in the heart of Times Square, Coast Autonomous, a startup based in Pasadena, California, today showed off the fruit of its six-year research project: a slow-moving, self-driving shuttle designed to ferry folks from destination to destination at speeds of around 25 miles per hour. I stopped by and hitched a… Continue reading Coast Autonomous’ self-driving shuttles are boring, and that’s by design
Ridecell New Mobility Cloud Powers the All-New ReachNow App Integrating Carsharing and Ridesharing
SAN FRANCISCO, July 18, 2018 /PRNewswire/ — Ridecell Inc., the platform of choice for leading carsharing, ridesharing, and autonomous fleet operators, today announced that its new mobility cloud service is powering the new ReachNow App, which makes ReachNow the first company in the world to operate both car sharing and ride hailing services within a… Continue reading Ridecell New Mobility Cloud Powers the All-New ReachNow App Integrating Carsharing and Ridesharing
Driverless car start-up Zoox raises $500m in new funding
Driverless car start-up Zoox raises $500m in new funding Financial Times Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation TechCrunch Secretive $4.3 billion Aussie startup Zoox raises “unprecedented” $675 million Series B, backed by Atlassian’s Mike … SmartCompany.com.au Full coverage Go to Source Go to Source