Munich. The BMW AG’s preliminary Automotive segment Free Cash Flow for the fourth quarter 2020 is around € 2.8 billion (Q4 2019: € 1.5 billion), leading to around € 3.4 billion (2019: € 2.6 billion) for the full year 2020 and thus exceeds current market expectations. The better than expected Free Cash Flow development of the… Continue reading @BMW: Ad-hoc announcement: BMW AG Preliminary Automotive Free Cash Flow for the fourth quarter and the full year 2020 above market expectations000872
Tag: Mobility
Isuzu to source truck engines from Cummins for key models
TOKYO — Isuzu Motors will outsource diesel truck engines to Cummins, a U.S. engine supplier, in a move designed to allow the Japanese commercial vehicle maker to focus on emerging technologies, Nikkei learned on Wednesday. The arrangement begins later this year and is expected to help save tens of millions of dollars in research and… Continue reading Isuzu to source truck engines from Cummins for key models
Hyundai to customize EVs for shippers and ride-hailers
SEOUL — Hyundai Motor Group will make built-to-order electric vehicles for commercial customers, taking advantage of the greater design flexibility they offer compared with traditional combustion-engine autos. Hyundai affiliate Kia recently announced a standard platform for the group’s electrics, with basic components including a battery pack and a motor. Customers will be able to build… Continue reading Hyundai to customize EVs for shippers and ride-hailers
Starship Technologies raises $17M to roll out more delivery bots
A year ago, Starship Technologies had a couple hundred autonomous bots delivering burritos and pizzas to students on college campuses and residents in a few neighborhoods. The company — with $17 million of new capital in its coffers — has expanded its fleet five-fold since COVID-19 swept through the European and North American markets that… Continue reading Starship Technologies raises $17M to roll out more delivery bots
Lime adds shared electric mopeds to the mix
Lime is adding electric mopeds — painted in the company’s signature green — to its micromobility platform as the startup aims to own the spectrum of inner city travel from jaunts to the corner store to longer distance trips up to five miles. Lime said Wednesday it plans to launch as many as 600 electric… Continue reading Lime adds shared electric mopeds to the mix
Arriver™ presents software stack for Advanced Driver Assistance and semi-autonomous driving
STOCKHOLM, Jan. 27, 2021 /PRNewswire/ — Arriver™ today presents the capabilities of its next generation software stack for Advanced Driver Assistance and (ADAS) and semi-autonomous driving. The presentation by Arriver’s Head of Technology, Salah Hadi at Qualcomm’s annual Automotive Summit outlines how Arriver™ will provide a leading software stack enabling Level 1 ADAS to Level… Continue reading Arriver™ presents software stack for Advanced Driver Assistance and semi-autonomous driving
General Motors, after flubbing its deal with Nikola, eyes a new hydrogen truck project
General Motors, which only a few months ago was forced to ditch its plans to acquire an equity stake in troubled hydrogen truck startup Nikola, is ready to move on. Today, the automaker announced it was teaming up with Illinois-based trucking firm Navistar and OneH2, a North Carolina-based hydrogen fuel cell company, to put more… Continue reading General Motors, after flubbing its deal with Nikola, eyes a new hydrogen truck project
Goodyear Ventures Invests in Autonomous Delivery Services Provider Starship Technologies
AKRON, Ohio, Jan. 27, 2021 /PRNewswire/ — Goodyear Ventures, Goodyear’s venture capital arm, has added Starship Technologies to its investment portfolio. Goodyear Ventures joins multiple investors helping to raise $17 million for the autonomous delivery company. Founded in 2014, Starship Technologies builds and operates a network of self-driving robots that carry and deliver packages, groceries and… Continue reading Goodyear Ventures Invests in Autonomous Delivery Services Provider Starship Technologies
Lime adds electric mopeds to its lineup of scooters and bikes
Lime is adding a new member to its family of shared electric vehicles: mopeds. The mopeds are being offered as part of a pilot program to test whether Lime’s customers prefer vehicles that are faster, heavier, and arguably riskier to ride than your average kick scooter. The mopeds can be rented via Lime’s smartphone app,… Continue reading Lime adds electric mopeds to its lineup of scooters and bikes
@BMW: New entry-level models with plug-in hybrid drive for the BMW 3 Series and BMW 5 Series.000869
Munich. Pioneering energy efficiency, impressive economy and hallmark driving pleasure are combined in the new entry-level plug-in hybrid models of the BMW 3 Series and the BMW 5 Series. Both model series will be supplemented by two further models each with electrified drive from March 2021. The new model variants of the BMW 3 Series… Continue reading @BMW: New entry-level models with plug-in hybrid drive for the BMW 3 Series and BMW 5 Series.000869