HORDAIN, FRANCE – During his visit to the Hordain site in the northern Hauts-de-France region today, Stellantis CEO Carlos Tavares announced the mass production of Peugeot, Citroën and Opel light commercial vehicles in a hydrogen-powered version equipped with a fuel cell. “I’m very proud of the work done by the management and employees at Hordain,… Continue reading @Groupe PSA: PR Stellantis Hordain: First Plant in the World to Produce Hydrogen-powered, Electric and Combustion Engine Commercial Vehicles004614
Tag: Mobility
@BMW: BMW i Ventures Leads Investment in Autonomous Forklift Company, Fox Robotics.002369
Mountain View, CA – October 27, 2022… BMW i Ventures announced today their lead investment in Fox Robotics, the world’s first intelligent forklift that can autonomously unload pallets from the trailer to the receiving dock. The oversubscribed funding round totals $20M. Additional new investors include Zebra Technologies, Japan Airlines & Translink Innovation Fund and Foothill… Continue reading @BMW: BMW i Ventures Leads Investment in Autonomous Forklift Company, Fox Robotics.002369
Here’s why your Uber driver is going to be taking fewer left turns in the future
/ Uber announced a number of new features aimed at enhancing driver and rider safety, including expanding its audio and video recording capabilities and fewer left turns Photo by Scott Olson / Getty Images Who knew left-hand turns were so dangerous? Well, anyone who drives in a city, like an Uber driver, for example, has… Continue reading Here’s why your Uber driver is going to be taking fewer left turns in the future
Visteon Announces Third-Quarter 2022 Results
VAN BUREN TOWNSHIP, Mich., Oct. 27, 2022 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported third quarter 2022 financial results. Highlights include: Sales of $1,026 million, up 63% from prior year 14th consecutive quarter of growth-over-market 1 Net income of $44 million Adjusted EBITDA of $95 million or 9.3% of sales 32 new products… Continue reading Visteon Announces Third-Quarter 2022 Results
Ascend Elements Raises $300M in Funding
Ascend Elements’ Apex 1 sustainable EV battery material facility under construction in Hopkinsville, Ky. The company’s Series C funding round will accelerate construction of the one-of-a-kind facility, which will produce sustainable, engineered battery materials from recycled lithium-ion batteries. Ascend Elements, a Westborough, MA-based engineered materials and lithium-ion battery recycling company, raised $300M in equity and… Continue reading Ascend Elements Raises $300M in Funding
VW and Ford are leaving Argo AI
The Volkswagen Group and the US manufacturer Ford announce the end of their joint journey towards autonomous driving with Argo AI. Since 2019 worked VW and ford in terms of autonomous driving. Now they both want to go their separate ways. what will happen Argo AI? Apparently, it is the costs that have prompted the… Continue reading VW and Ford are leaving Argo AI
Dana Incorporated Reports Strong Third-quarter 2022 Financial Results with Higher Sales and Free Cash Flow, Reaffirms Full-year Financial Targets
Key Highlights Sales of $2.54 billion, an increase of $331 million Net loss attributable to Dana of $88 million; includes a non-cash goodwill impairment charge Diluted EPS of $(0.61); diluted adjusted EPS of $0.24 Adjusted EBITDA of $192 million Free cash flow of $77 million, a year-over-year increase of $247 million Wins 8th PACE Award… Continue reading Dana Incorporated Reports Strong Third-quarter 2022 Financial Results with Higher Sales and Free Cash Flow, Reaffirms Full-year Financial Targets
Dana to Pay Dividend on Common Stock
MAUMEE, Ohio, Oct. 26, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its board of directors has declared a dividend on its common stock. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) The board declared a quarterly dividend of $0.10 per share, payable Dec. 2, 2022, to holders of Dana common stock as of Nov. 11.… Continue reading Dana to Pay Dividend on Common Stock
BorgWarner Announces Latest Addition to the Borg-Warner Trophy®: 2022 Indianapolis 500 Winner Marcus Ericsson
AUBURN HILLS, Mich., Oct. 27, 2022 /PRNewswire/ — Marcus Ericsson has solidified his place in BorgWarner history by becoming the 109th face to be affixed to the Borg-Warner Trophy following his victory at the 106th Indianapolis 500. Ericsson’s sterling silver image was officially unveiled during a ceremony at Union 50 in downtown Indianapolis as part… Continue reading BorgWarner Announces Latest Addition to the Borg-Warner Trophy®: 2022 Indianapolis 500 Winner Marcus Ericsson
BorgWarner’s iDM Powers a Leading Chinese Automobile Manufacturer, Creating Better Driving Experience
BorgWarner to supply a Chinese automobile manufacturer with its integrated drive module (iDM) for a P4 hybrid architecture High voltage iDM has high power density and high torque output Inverter equipped with patented dual-side cooled Viper power switch technology to reduce weight and size while increasing power density AUBURN HILLS, Mich., Oct. 27, 2022 /PRNewswire/… Continue reading BorgWarner’s iDM Powers a Leading Chinese Automobile Manufacturer, Creating Better Driving Experience