Stellantis Ventures Launches with €300 Million Fund to Propel Innovation Uptake March 16, 2022 , Amsterdam – Stellantis today announced the launch of its first venture capital fund with the creation of Stellantis Ventures. The fund will initially invest €300 million in early and later-stage startup companies developing innovative, customer-centric technologies that could be deployed within… Continue reading @FCA: Stellantis Ventures Launches with €300 Million Fund to Propel Innovation Uptake
Tag: Mobility
@Groupe PSA: PR Stellantis Ventures Launches with €300 Million Fund to Propel Innovation Uptake003432
AMSTERDAM – Stellantis today announced the launch of its first venture capital fund with the creation of Stellantis Ventures. The fund will initially invest €300 million in early and later-stage startup companies developing innovative, customer-centric technologies that could be deployed within the automotive and mobility sector. “We are moving fast in our transformation to a… Continue reading @Groupe PSA: PR Stellantis Ventures Launches with €300 Million Fund to Propel Innovation Uptake003432
@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Annual Conference 2022001823
Good Morning, Ladies and Gentlemen.Despite the challenging conditions, the BMW Group once again achieved its goals in all segments. Our positive business performance is reflected in our strong financial results for the past year. An EBIT margin of 10.3% for our automotive business puts us at the upper end of our adjusted target range, as… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Annual Conference 2022001823
@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Annual Conference 2022001822
Good Morning, Ladies and Gentlemen! The BMW Group has proven time and time again that it can master challenging situations, emerging even stronger than before. Think about the global economic and financial crisis, the coronavirus pandemic or the semiconductor supply shortages. In unpredictable times, it is even more important to do the right thing. For us, this… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Annual Conference 2022001822
@BMW: Transformation and responsibility: BMW Group steps up technological change for sustainable future001821
After a successful 2021, the BMW Group is speeding up technological change and pushing forward with the transformation towards sustainable mobility. The company is preparing for a comprehensive leap in technology in its . At the same time, the BMW Group is involving its stakeholders, from employees to the capital market to society, in its successful,… Continue reading @BMW: Transformation and responsibility: BMW Group steps up technological change for sustainable future001821
@Nissan: Nissan announces senior management changes for North America000697
March 16, 2022 NASHVILLE, Tenn. – Nissan is making changes to the management team for North America as it strengthens momentum for its Nissan NEXT transformation plan and continues to build a stronger business and rapidly advance the future vision outlined in Nissan Ambition 2030. The leadership changes, effective April 1, are in the areas… Continue reading @Nissan: Nissan announces senior management changes for North America000697
Kongsberg Automotive wins contract worth EUR 58 million in estimated lifetime revenue
Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit has secured a contract worth EUR 58 million in estimated lifetime revenue and average annual revenue of EUR 14.5 million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp® hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 supplier based in North America. The Fluoro-Comp®… Continue reading Kongsberg Automotive wins contract worth EUR 58 million in estimated lifetime revenue
$27 Million Investment to Expand Toyota’s Long Beach Manufacturing Capabilities
The investment will equip TABC with the first coil-fed laser blanking line for TMNA, expand blanking capability to include steel and aluminum on the same line and increase capacity to cut 5.6 million blanks annually. In addition, these added capabilities will enable TABC to better support Tacoma production at TMNA facilities in Baja, California, and… Continue reading $27 Million Investment to Expand Toyota’s Long Beach Manufacturing Capabilities
Nexteer Reports Full Year 2021 Financial Results
AUBURN HILLS, Mich., March 16, 2022 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2021. Although 2021 provided another challenging operating environment resulting from the ongoing global pandemic which brought unprecedented supply chain constraints and inflationary pressures to the automotive industry broadly, Nexteer continued to execute its long-term… Continue reading Nexteer Reports Full Year 2021 Financial Results
DENSO Group Company NSITEXE Leads Quadric’s $21 Million Series B Funding Round to Enhance AI Solutions
Investment advances DENSO’s commitment to achieve an environmentally-friendly, safe and secure mobility future NSITEXE, Inc., led Quadric’s $21 million Series B funding round NSITEXE is a DENSO group company that designs and develops key semiconductor components enabling next-generation automotive applications DENSO’s collaboration with Quadric helps the mobility supplier progress its sustainability and safety goals SOUTHFIELD,… Continue reading DENSO Group Company NSITEXE Leads Quadric’s $21 Million Series B Funding Round to Enhance AI Solutions