Valmet Automotive sets a highly ambitious goal for the Uusikaupunki, Finland car plant to be CO2 neutral by the end of 2021. The goal is part of the Valmet Automotive Group’s Sustainability Action Plan, with which the company aims to be one of the leaders of the automotive industry in sustainability indicators. The CO2 neutrality… Continue reading Valmet Automotive: our car plant is CO2 neutral by the end of 2021
Tag: Contract Manufacturer
The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you’re interested in all the future and present ways people… Continue reading The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch
@Groupe PSA: Groupe PSA and Punch Powertrain Expand Strategic Partnership in Electrification
Agreement to establish second Joint Venture New Joint Venture to design, manufacture and supply state of the art components and sub-systems for the future generation of the electrified transmission (e-DCT[1]) e-DCT will equip Groupe PSA’s mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles and carmakers globally Groupe PSA and Punch Powertrain have signed… Continue reading @Groupe PSA: Groupe PSA and Punch Powertrain Expand Strategic Partnership in Electrification
Vietnam’s Vinfast to enter US with 300-mile electric SUV – Motor Authority
Vietnam’s Vinfast only unveiled its first vehicles in 2018 but the ambitious company already eyes an expansion outside its home market, and one of the export targets is the United States. Vinfast plans to show its first U.S.-bound vehicle, a battery-electric crossover SUV with a range of 300 miles, as early as the 2020 Los… Continue reading Vietnam’s Vinfast to enter US with 300-mile electric SUV – Motor Authority
Waymo expands first external investment round to $3 billion
Waymo has added an additional $750 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors, including those managed by T. Rowe Price, Perry Creek Capital, Fidelity Management and… Continue reading Waymo expands first external investment round to $3 billion
Ferrari says first EV will pioneer new technology
The first electric Ferrari, which is tipped to arrive after 2025, will utilise new technology to ensure it can deliver on the brand’s heritage, commercial boss Enrico Galliera has said. The Italian firm has yet to confirm any plans or a timeline for its first EV, although leaked patents earlier this year hint that it’s… Continue reading Ferrari says first EV will pioneer new technology
Pininfarina to Launch AutonoMIA, a Responsive Driving Experience for the Mobility of the Future
AutonoMIA is an immersive exploration of how technology, from AI to 5G, from display to haptics, from sensors to natural interfaces, can be leveraged to reenchant the driving experience. It is a tool that designers will use to continue iterating on the thinking on the future of driving. The different parties build knowledge on the… Continue reading Pininfarina to Launch AutonoMIA, a Responsive Driving Experience for the Mobility of the Future
Valmet Automotive restarts car production today with strict safety measures
Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures
Magna International (MGA) Q1 2020 Earnings Call Transcript
MGA earnings call for the period ending March 31, 2020. Go to Source
Magna Announces First Quarter 2020 Financial Results
Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on income from operations before income taxes and Adjusted EBITCash from operations of $639 million, an 8% increase over the first quarter of 2019AURORA, Ontario, May 07, 2020 (GLOBE NEWSWIRE) —… Continue reading Magna Announces First Quarter 2020 Financial Results