Ford has selected Romulus as the location for its $100 million Ion Park battery research center. The project is part of a larger “$185 million investment in developing, testing, and building vehicle battery cells and cell arrays.” Ford said it plans to invest $30 billion in electrification by 2025, with a commitment to making Michigan… Continue reading Ford picks Romulus for $100M battery research center
Tag: Mobility
Valeo becomes the first European player in the automotive to issue a sustainability-linked bond, with a 700 million…
Financial Results | 27 Jul, 2021 | 3 min Valeo announced the placement of 700 million euros worth of its inaugural sustainability-linked bond, with maturity on August 3 2028. Valeo is the first European player in the automotive sector to issue this type of bond. This Sustainability-Linked Bond enabled the placement of 700 million euros… Continue reading Valeo becomes the first European player in the automotive to issue a sustainability-linked bond, with a 700 million…
Magna to Bring Driver Assistance Into the Digital Age With Industry-First Capabilities in 2022
ICON Pedestrian Detection Magna’s ICON Digital Radar detects pedestrians up to 150 meters away Magna’s ICON Digital Radar detects pedestrians up to 150 meters away ICON™ Digital Radar takes advanced driver-assistance technology to new levels Latest advancement helps address industry challenges for safer driving and higher levels of autonomy Developed in partnership with technology startup… Continue reading Magna to Bring Driver Assistance Into the Digital Age With Industry-First Capabilities in 2022
Joby Aviation, aiming to go to market in 2024, completes 154-mile test flight
Santa Cruz, California-based Joby Aviation has completed the longest test flight of an eVTOL to date: Its unnamed full-sized prototype aircraft concluded a trip of over 150 miles on a single charge, the company said Monday. The test was completed at Joby’s Electric Flight Base in Big Sur, California, earlier this month. It’s the latest… Continue reading Joby Aviation, aiming to go to market in 2024, completes 154-mile test flight
Hitachi Astemo: New Global Leader In Automotive Mobility Technology
FARMINGTON HILLS, Mich., July 27, 2021 /PRNewswire/ — A major new technology company with ambitious growth and environmental goals entered the automotive marketplace in 2021. Hitachi Astemo was created on January 1, 2021, from the merger of Hitachi Automotive Systems with three former Honda affiliates: Nissin Kogyo, Keihin and Showa. Hitachi Ltd. owns a 66.6 percent… Continue reading Hitachi Astemo: New Global Leader In Automotive Mobility Technology
Anand Group and Mando set up JV to tap electric 2-, 3W parts market
The multi-company Anand Group and Mando Corporation are to set up a new joint venture called Anand Mando eMobility, aimed at tapping the growing market for two- and three-wheeler powertrain electrification. The Anand Group will hold a majority stake of 60% in the JV, with Mando Corporation the balance 40%. This will be the second… Continue reading Anand Group and Mando set up JV to tap electric 2-, 3W parts market
World NM: Chinese Truck-Maker Says Unpaid Stake Sale of German Auto Brand Sinks Earnings001398
Beiqi Foton Motor Co. Ltd. (600166.SH) said its gross profit for the first half of this year stood at 554 million yuan ($85 million), but that the figure would have been a little over 1 billion yuan if the company not still embroiled in “Borgward-related matters,” referring to the sale of a 67% stake in… Continue reading World NM: Chinese Truck-Maker Says Unpaid Stake Sale of German Auto Brand Sinks Earnings001398
ParkMobile Names Jeff Perkins as CEO
Perkins joined ParkMobile in 2017 as Chief Marketing Officer. In 2020 he took on additional responsibilities for the Product Management organization. Under his leadership, Perkins has helped the company grow from 8 million to over 25 million users over the past four years and vastly expand its product capabilities. “On behalf of the Board of… Continue reading ParkMobile Names Jeff Perkins as CEO
Audi to drop A1 in Europe as tougher tailpipe rules dent small-car profits – Automotive News
The acknowledgement comes as automakers start to question their small-car strategies in response to more stringent European Union regulations on tailpipe emissions July 25, 2021 01:00 AM {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Audi will discontinue the A1… Continue reading Audi to drop A1 in Europe as tougher tailpipe rules dent small-car profits – Automotive News
Toyota Tsusho and Cybellum Join Forces to Provide Automated Cyber Risk Assessment for Japanese Automotive Manufacturers
TEL AVIV, Israel and TOKYO, July 27, 2021 /PRNewswire/ — Toyota Tsusho, the global business corporation and a prominent member of Toyota group, and Cybellum, the leading Automotive Cybersecurity Risk Assessment solution provider, today announced they had entered into a partnership. The goal is to support Japanese automotive OEMs and suppliers in their race to become… Continue reading Toyota Tsusho and Cybellum Join Forces to Provide Automated Cyber Risk Assessment for Japanese Automotive Manufacturers