TOKYO (Reuters) -Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems, lowered its operating profit forecast to 480 billion yen ($3.61 billion)… Continue reading Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
Tag: Mobility
HELLA’S ANNOUNCED DIVESTMENT OF ITS 33% STAKE IN THE JOINT-VENTURE HBPO FOR €290 MILLION MARKS A FIRST SIGNIFICANT STEP IN FORVIA’S TOTAL DIVESTMENT PROGRAM OF 1 BILLION EUROS BY 2023
FAURECIA Nanterre (France), July 28th, 2022 HELLA’S ANNOUNCED DIVESTMENT OF ITS 33% STAKE IN THE JOINT-VENTURE HBPO FOR €290 MILLION MARKS A FIRST SIGNIFICANT STEP IN FORVIA’S TOTAL DIVESTMENT PROGRAM OF 1 BILLION EUROS BY 2023 HELLA, company of the FORVIA Group, announced today that it has agreed the sale of its 33.33% stake in… Continue reading HELLA’S ANNOUNCED DIVESTMENT OF ITS 33% STAKE IN THE JOINT-VENTURE HBPO FOR €290 MILLION MARKS A FIRST SIGNIFICANT STEP IN FORVIA’S TOTAL DIVESTMENT PROGRAM OF 1 BILLION EUROS BY 2023
Polymath Robotics launches plug-and-play autonomy software for any industrial vehicle
“Robots suck.” It’s a bold declaration for a startup founder aiming to work with robots — or more accurately, the software that helps turn a tractor, tiller or forklift into an automated vehicle. But Stefan Seltz-Axmacher, who previously founded and led the now shuttered autonomous vehicle startup Starsky Robotics, is trying to make a point.… Continue reading Polymath Robotics launches plug-and-play autonomy software for any industrial vehicle
Canyon Bicycles Attracts Strategic Investment from LRMR Ventures and SC Holdings
The strategic investments of LRMR Ventures and SC Holdings, as well as the appointment of Robert Kyncl as Board Director, will help expand Canyon’s US presence KOBLENZ, Germany, July 29, 2022 /PRNewswire/ — Canyon Bicycles GmbH (“Canyon”), world-leading direct-to-consumer manufacturer of premium bikes in Koblenz, Germany, announces a strategic equity investment led by LRMR Ventures,… Continue reading Canyon Bicycles Attracts Strategic Investment from LRMR Ventures and SC Holdings
Mahindra Racing to power ABT Sportsline’s return to Formula E World Championship
After eight years of competing at the highest level, Mahindra Racing has announced its first customer racing programme. The Indian team, which has been net carbon zero since inception, has committed to providing the powertrain to FIA ABB Formula E World Championship-winning team ABT Sportsline for its return to the all-electric racing series. From 2023,… Continue reading Mahindra Racing to power ABT Sportsline’s return to Formula E World Championship
Ashok Leyland’s strong domestic and export sales drive 145% revenue growth in Q1
Growing demand for medium and heavy commercial vehicles (M&HCVs) as well as light commercial vehicles (LCVs) have powered Chennai-based Ashok Leyland’s robust performance in the first three months of the ongoing fiscal year. Importantly, the growth has come across both domestic and export markets. The CV major has reported a 145% increase in YoY quarter… Continue reading Ashok Leyland’s strong domestic and export sales drive 145% revenue growth in Q1
Leyland evaluating a second LCV platform
Ashok Leyland is contemplating launching another platform for light commercial vehicles, the company’s top leadership said in a post-results media briefing on Friday. Gopal Mahadevan, CFO, & whole-time Director of the company said, ” We are evaluating and studying it”. He added that the same strategy was applied in the MHCV segment which had brought significant… Continue reading Leyland evaluating a second LCV platform
Growing EV market sees JK Tyre launch radials for ePVs, eCVs
JK Tyre has developed and launched a range of EV-specific smart radial tyres for all categories of buses, trucks, LCVs and passenger vehicles in India. Designed and developed by its engineers from the global technology centre – Raghupati Singhania Centre of Excellence (RPSCOE) – the tyres have been engineered specially to the unique needs of… Continue reading Growing EV market sees JK Tyre launch radials for ePVs, eCVs
@FCA: Stellantis Announces Leadership Changes in North America
July 29, 2022 , Auburn Hills, Mich. – Stellantis today announced appointments in its North America engineering and customer experience organizations. Effective immediately, Mark Champine will oversee key product development initiatives as head of the North America engineering technical centers, while David McDonald will succeed Champine, guiding quality-improvement activities as head of customer experience – North America. In… Continue reading @FCA: Stellantis Announces Leadership Changes in North America
@Hyundai: Kia is Most Awarded Brand in J.D. Power 2022 Automotive Performance, Execution, and Layout (APEAL) Study
Latest Accolades Recognize Customer Satisfaction with Exemplary Engineering in New Models Kia’s first dedicated EV, the EV6, ranked number one in the Compact SUV segment Carnival MPV earned top spot in the Minivan segment K5 wins the Midsize Car segment APEAL award follows Kia’s ensemble of models recognized among top performers in J.D. Power Initial… Continue reading @Hyundai: Kia is Most Awarded Brand in J.D. Power 2022 Automotive Performance, Execution, and Layout (APEAL) Study