Tag: Contract Manufacturer

Lyft is testing a Netflix-style monthly subscription plan

Lyft is testing monthly subscription plans for high-frequency users, a sign that the company is shifting toward a Netflix or Spotify model for transportation. The terms of the subscription models seem to vary, but appear targeted at users who spend up to $450 on ride-hailing a month. One all-access pass offered up to 30 standard… Continue reading Lyft is testing a Netflix-style monthly subscription plan

Lyft Partners with Magna to Scale Self-Driving Technology

Today, we’re excited to announce a first-of-its-kind partnership with Magna, the largest North American Tier 1 automotive technology and manufacturing supplier, to jointly fund, develop, and manufacture our self-driving system. In addition to co-funding the partnership, Magna will also invest $200 million in Lyft. This partnership enables our Level 5 team to accelerate the introduction… Continue reading Lyft Partners with Magna to Scale Self-Driving Technology

Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale

Please click HERE for a PDF version of the release. Magna and Lyft will fund and develop self-driving systems Co-developed self-driving systems can be deployed on the Lyft network as well as for the entire automotive industry The partnership will benefit from data generated by the 5+ billion miles traveled per year on the Lyft… Continue reading Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale

Auto parts maker Magna invests $200 million in Lyft

(Reuters) – Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO – An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren The news… Continue reading Auto parts maker Magna invests $200 million in Lyft

News Release – Magna Launches New Composites Center of Excellence in Germany

Please click HERE for a PDF version of the release. Brings advanced composites and carbon fiber expertise to European market Develops lightweight structural and exterior components Enables joint development projects with European automakers SAILAUF, Germany, March 07, 2018 — Magna’s new Composites Center of Excellence in Esslingen, Germany, aims to help European automakers meet increasingly… Continue reading News Release – Magna Launches New Composites Center of Excellence in Germany

Pininfarina H2 Speed concept to enter production as track-only hypercar

Pininfarina has confirmed that its hydrogen-powered H2 Speed concept of the 2016 Geneva motor show will make production, for a run of 12 track-only units.  The 634bhp H2 Speed, produced with French-Swiss zero-emission propulsion system manufacturer GreenGT, has a top speed of 186mph (300kph). It reaches 62mph (100kph) in 3.4sec (the same as a McLaren 570GT), while torque vectoring tech ensures… Continue reading Pininfarina H2 Speed concept to enter production as track-only hypercar

Pininfarina HK GT: 792bhp coupe concept launched

Pininfarina has revealed its latest joint project with Hong Kong-based Hybrid Kinetic Group – a 792bhp 2+2 coupé with gullwing doors. Like the previous concepts, badged K550 and K750 for the two SUVs and H600 for the saloon, the HK GT has a micro-turbine generator acting as a range extender. The previous concepts’ ranges were quoted at around 621… Continue reading Pininfarina HK GT: 792bhp coupe concept launched

Jaguar I-Pace First Edition 2018 first drive

For a while I watch others drive, noting the reluctance of this long wheelbase, ultra low-centre of gravity car to roll its body, or slide, or do anything very much except squeal its tyres in extremis and go where it is steered. It does indeed change direction brilliantly – you can see that with the… Continue reading Jaguar I-Pace First Edition 2018 first drive

News Release – First-Ever All-Electric Jaguar Unveiled at Magna

Please click HERE for a PDF version of the release. World premiere of the Jaguar I-PACE Magna is only contract manufacturer that can build vehicles across a range of propulsion systems Second Jaguar model that will be built by Magna GRAZ, Austria, March 02, 2018  — Magna’s complete vehicle manufacturing facility in Graz, Austria, hosted… Continue reading News Release – First-Ever All-Electric Jaguar Unveiled at Magna