French automotive supplier Faurecia has acquired the majority 60 percent equity stake in lighting and electronics specialist Hella for 3.4 billion euros in cash. It plans to acquire the remaining equity at an offer price of 60 euros a share, which makes the transaction an estimated total enterprise value of 6.7 billion euros (Rs 55,388… Continue reading Faurecia to acquire Hella, creates world’s seventh largest supplier
Tag: Mobility
India’s economy roars back from second wave as states ease restrictions
MUMBAI: The economic recovery in India is accelerating at a fast pace after the shock of the second wave earlier this year. The Indian economy was on its course to reach pre-pandemic levels of normalization helped by sharp easing of restrictions by the government after the first wave of the pandemic. However, a brutal second… Continue reading India’s economy roars back from second wave as states ease restrictions
Machinery Partner Raises $4.5M in Seed Funding
Machinery Partner, a Boston, MA-based company offering novel procurement, financing and support for small businesses needing heavy machinery, raised $4.5m in seed funding. The round was led by One Way Ventures (from Boston and focused on backing immigrant founders) and Euclid Ventures (from the West Coast and focused on B2B marketplaces), with participation from PJC and Techstars Ventures, as well as… Continue reading Machinery Partner Raises $4.5M in Seed Funding
Chery expected to realize L4 highly autonomous driving technology in 2025.
In the context of the ongoing automobile technology revolution, Chery takes the lead to introduce the intelligent networking technology and accelerates the transformation from a traditional automobile manufacturer to a high-tech Internet enterprise. In 2018, Chery released its intelligent brand strategy covering Chery’s intelligent planning in the full-life cycle, ranging from R&D, manufacturing, marketing to… Continue reading Chery expected to realize L4 highly autonomous driving technology in 2025.
Nio tumbles 7% on reports of a fatal accident involving one of its self-driving SUVs
STR/AFP via Getty Images Electric-vehicle maker Nio tumbled as much as 7% on Monday on news that its autopilot system was involved in a fatal crash in China. A Chinese businessman named Lin Wenqin reportedly died last week while driving a Nio SUV called the ES8 after activating the autopilot system. The ES8 is equipped… Continue reading Nio tumbles 7% on reports of a fatal accident involving one of its self-driving SUVs
@Daimler: Mercedes-Benz transforms Munich’s Odeonsplatz with lively immersive art experience
Opening of the art installation “Earthtime 1.26 Munich” by Janet Echelman Stuttgart/Munich. On the occasion of the IAA MOBILITY 2021, Mercedes-Benz is transforming Munich’s Odeonsplatz into a living art venue with a floating sculpture created from recyclable fibres. The monumental 24-by-21-metre artwork “Earthtime 1.26 Munich” by U.S. artist Janet Echelman is constantly changing due to… Continue reading @Daimler: Mercedes-Benz transforms Munich’s Odeonsplatz with lively immersive art experience
@Hyundai: Kia America Appoints Eric Watson as Vice President of Sales Operations
Promotion Supports the Fast-Growing Organization’s Needs as Kia’s Customer Base and Units in Operation Continue to Expand Kia America today announced the immediate appointment of Eric Watson as vice president, sales operations. Watson will oversee Kia’s regional and corporate sales operations in the United States and will report to Sean Yoon, the president and CEO… Continue reading @Hyundai: Kia America Appoints Eric Watson as Vice President of Sales Operations
Schaeffler: Exiting Formula E, entering the fully electric DTM
2021-08-16 | Herzogenaurach/Berlin Founding member Schaeffler bids farewell to Formula E with Team Audi Sport ABT Schaeffler as the most successful outfit Two title wins and 47 trophies are proof of successful commitment as technology partner Schaeffler is now developing a drive system for future fully electric DTM Know-how from motorsport is transferred directly into… Continue reading Schaeffler: Exiting Formula E, entering the fully electric DTM
Tesla Autopilot Faces U.S. Inquiry After Series of Crashes
The U.S. auto safety regulator said Monday that it had opened a broad investigation of the Autopilot system used in hundreds of thousands of Tesla’s electric cars. The investigation was prompted by at least 11 accidents in which Teslas using Autopilot, an assisted-driving system that can steer, accelerate and brake on its own, drove into… Continue reading Tesla Autopilot Faces U.S. Inquiry After Series of Crashes
@Toyota: Collaboration with Toho Gas toward Realization of Carbon Neutrality- Expanding the Use of Hydrogen, Biogas and Other Resources in Industry and Mobility –
Toyota Tsusho Corporation (“Toyota Tsusho”) announces it has concluded a memorandum of understanding regarding mutually complementary partnership with Toho Gas Co., Ltd. (“Toho Gas”) to promote carbon neutrality in the Chubu region. The Government of Japan has announced that it will reduce greenhouse gas (GHG) emissions by 46% compared to the 2013 level by 2030… Continue reading @Toyota: Collaboration with Toho Gas toward Realization of Carbon Neutrality- Expanding the Use of Hydrogen, Biogas and Other Resources in Industry and Mobility –